Wednesday, August 17, 2011

Celebrity Real Estate: Amazing Race Producer Jonathan Littman Buys Entourage House in Encino

Amazing Race Producer, Jonathan Littman has purchased the Entourage House (from Season 7) on June 1, 2011 for $4.2 million in Encino according to Lauren Beale at LA Times Hot Property. Littman has also produced CSI: Crime Scene Investigation, Without A Trace, and Cold Case

I will admit that I was surprised to discover that the Entourage cast filmed in Encino which makes this a nice addition to the newly created Filming Locations section. Littman's new home sits on almost one acre with 9,010 of living sqft consisting of 7 Beds/10 Baths which was renovated in 2007. The home includes 2 powder rooms, 7 fireplaces, media room, cathedral ceilings, an attached Casita for guests (aka guest house), smart house technology with full home automation and in-wall speakers, pool, a master suite with an exercise room leading to a private patio with a spa, and Bulter's area and two Farmhouse Rohl Shaws apron sinks. 

This home was last purchased in June 2006 for $2.3 million which was renovated in 2007 and heaved back onto the market in August 2008 for $6.895 million which was right before the stock market made its historic crash. There are conflicting reports that show the property was listed back in August 2006 which was less than 2 months after it was last purchased. However based on Google Street View pictures, the home appears to have been built from the ground up suggesting that whatever existed prior to the 2006 purchase was demolished. At any rate, the owners of this property played the game of "chase the market down" and chased it all the way down to $4.2 million three years later. However, it appears that the owners still made a decent profit after renovation costs, taxes, expenses, and fees. If not, this must have been a very stressful investment.

By the way, did you notice in the pictures, the new trend of embedding fake movie images on the flat screens.

Nearby for sale is the former home of Al Jolson, Don Ameche, Kirsite Alley, Katey Sagal, and Charlie Sheen still listed for sale at the very affordable $5.995 million price tag as well as the Tori Spelling home for the much cheaper and reduced price of $2.799 million. Encino is home to numerous former and current celebrities, you can get an idea here

You can view other San Fernando Valley Celebrity R.E. by clicking at the tab at the top of the page or here

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