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Celebrity Real Estate: The Vampire Diaries Director Sells for a Loss in Encino



Images courtesy Coldwell Banker
Back on February 1, 2012,  the always informative Lauren Beale at  Los Angeles Times Hot Property wrote about director and producer Marcos Siega sale in Encino for $1.65 million on January 27, 2012.

Marcos Siega is a film, television, commerical, and music video director. He has also worked as a producer and musician. He has directed numerous music videos for Weezer, System of a Down, P.O.D., Papa Roach, Blink-182, and The All American Rejects to name a few. He has also directed Dexter, True Blood, Cold Case, and Veronica Mars. He is also the co-executive producer of The Vampire Diaries as well as directed the pilot and several episodes.

According to the listing, this 5 Bed/4.5 Bath, 3,628sqft home on 0.55acres built in 1962 which is a Mid Century Modern home states:
JET-LINER VIEWS! FAB OPPORTUNITY TO LIVE SOUTH OF THE BLVD IN A METICULOUSLY RE-MODELED MID-CENTURY. GREAT LAYOUT & FLOW, CUSTOM BUILD WALNUT CABINETRY, 2 FIREPLACES. FLEETWOOD FLOOR-TO-CEILING DOORS AND WINDOWS, SWEET VIEWS FROM HUGE MASTER. ANN SACKS TILES IN ALL BATHROOMS, CHEF'S KITCHEN WITH HI END APPLIANCES. UNBELIEVABLY WELL PRICED! CENTRALLY LOCATED ON PRIVATE AND QUIET DOUBLE CUL-DE-SAC.
Marcos Siega last purchased this property for $1,750,000 on February 24, 2010. So in roughly two years time, Marcos Seiga is moving on and taking a $100,000 hit not including real estate fees, commissions, and other expenses related to this property. That's got to hurt but we cant explain the ways of the rich and famous.

A review of property records show that Marcos Siega along with his wife Lisa used to own a small 2 Bed/1 Bath Venice home near Venice Blvd which was purchased on July 12, 2000 for $390,000 and sold two years later on July 20, 2002 for $625,000. After doubling up on the Venice investment,  the Siega couple purchased a Mid Century Modern on Woodrow Wilson Drive in Hollywood for $895,000 on January 24, 2002. This home was sold on November 12, 2010 for $1,635,000 giving the Siegas another double on their investment. So the Siegas rode the housing bubble all the way to their Encino home successfully selling each prior home at 100% gain. With all of their real estate gains, that $100,000+ loss on the Encino home isnt looking so bad now.
Images courtesy Keller Williams
According to the LA Times Hot Property regarding the Hollywood home, the Siegas were looking to move into a bigger house to raise a family which is why they purchased the Encino home. Now with that home sold, are they looking to buy a bigger home in the San Fernando Valley like the Sinatra home in Chatsworth for $12 million, the James Wilson home in Calabasas for $25 million, the Heidi Saban Stills home in Encino for $3.5 million,  the Ozzy Osbourne home in Hidden Hills for $12,999,000, or how about the Hilary Duff home in Toluca Lake for $6,950,000? Just throwing ideas out there. We wish the Siegas luck in finding a new home and hope they continues to maintains their existence in the San Fernando Valley.

You can find more San Fernando Valley Celebrity Real Estate here

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Marty Mcfly

Anything and everything about the San Fernando Valley. This blog will take you back in time when the valley was covered with dirt and orange groves to a leader in the space race to its current status as America's suburb. Come along and join me on this adventure, I guarantee you have been influenced/impacted by the San Fernando Valley in one form or another even if you have never visited or heard of the SFV.

1 comment to ''Celebrity Real Estate: The Vampire Diaries Director Sells for a Loss in Encino"

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  1. Thanks for taking the time to discuss that, I feel strongly about this and so really like getting to know more on this kind of field. Do you mind updating your blog post with additional insight? It should be really useful for all of us.
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