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1960's USC Case Study Home Sells in Studio City

Friday, August 31, 2012 / No Comments
11528 Laurelcrest Drive
A little late on reporting this one, a 1960's USC Case Study Design Project (according to the listing) recently sold for $755,000 on August 24, 2012 in Studio City. 3 Beds/2 Baths on 1,796sqft on a total lot size of 6,263sqft built in 1961. This home was on the market for the first time in 45 years. 

The listing states:
Incredible mid-century post & beam architectural with explosive views. First time on the market in over 45 years. Well preserved in mostly original condition. This home is one of 5 homes up a wonderful private drive. According to the seller & neighbors these homes were built as USC case study design project in 1961. The house has incredible architecture and with a little updating will be a showcase property. Large rooms with clerestory windows bring the view right inside. Terrific wood burning fireplace. Parquet wood floors, Original Jalousie windows. Original bathrooms with period tiles and cabinets. Tons of storage. Large carport. Large viewing deck plus a small garden patio area. Grab a piece of 1961 L. A. history!
You can view more SFV Architecture and Real Estate here.






























Images courtesy Coldwell Banker

Celebrity Real Estate: Jonah Hill Flips Tarzana Home to Disney Star Selena Gomez

/ No Comments
[November 15, 2015]: Selena Gomez listed her Calabasas home for sale for $4,495,000 on November 13, 2015.

[Update May 7, 2014]: Selena Gomez listed her Tarzana home for $3,495,000 on May 1, 2014.

[Update April 2, 2014]: In March 2014, Gomez purchased a Calabasas home discussed here.

[Original Post]:
Images courtesy Prudential California Realty
The rumor mill was filled with reports yesterday that actor Jonah Hill flipped his Tarzana home to Selena Gomez. This information was revealed by the always hilarious Your Mama at the Realestalker via the Zillow Blog, X17online, and Entertainmentwise.com. While this is just rumor as the property records do not reflect any such transaction occurring, we will update you when the opportunity arises. 

According to the sources above, Gomez purchased the home for $2.9 million. Jonah Hill purchased this home for $2.175 million on July 14, 2011 which was discussed on this blog (which has more details on the property) giving Mr. Hill a cool profit of $725,000 which is quite amazing given that Mr. Hill has only had the home for barely one year. Maybe the real estate zany days are back. Its possible that Mr. Hill also made significant improvements to the home justifying the higher price but the only available online listing photos are from when Mr. Hill purchased the property back in July 2011 so there is no evidence if the home has indeed been upgraded. 

Ms. Gomez was previously living in her parent's home in Encino in a separate condo on the property (see image below). She has been spotted in and out of Encino with her boyfriend Justin Bieber who also just purchased a property in Calabasas (which was the former home of Nicole Murphy discussed on this blog). 


Nearby celebrity Tarzana neighbors and architecturally significant properties include:
You can view more SFV Celebrity Real Estate here.

Completely Remodeled Granada Hills Eichler Available for the Reduced Price of $595,000

Thursday, August 30, 2012 / No Comments
[Update November 2, 2012]: This home sold for $555,000 on October 22, 2012 which was $114,000 less than the original asking price and was completed in roughly 4 months time. I guess the Eichler homes are not holding value like they used to, this was a big drop for a home in what appears to be almost all original condition.

[Original Post]:

17031 Nanette Street
4 Beds/2 Baths on 2,159 sqft on a total lot size of 0.27 acres built in 1964. This home is located in the Balboa Highlands area of Granada Hills and is an Eichler home. This home was originally listed on June 28, 2012 for $669,000 and was reduced for the first time to $629,000 on July 26, 2012 and then to the current asking price of $595,000 on August 10, 2012. This home was last purchased in December 2008 for $480,000. The home appears to be in solid condition and close to original based on the pictures. There have been other Eichlers discussed on this blog including one in a pending status at $449,000 and one next door   to it that just popped on the market at $439,000, and another that was completely remodeled originally listed for $739,000 that has since been delisted.

From the listing:
Rare opportunity to own this Balboa Highlands Historic captivating post & beam Eichler Mid Century Modern Home. Spectacular secluded corner lot with breathtaking picturesque views of mountains and city lights. Entertainer's dream yard with a pond, grassy landscaping which includes a putting green area plus an amazing wood viewing deck. Front door leads to a glass enclosed atrium foyer that can be viewed from every room in the house. Interior of the property features a newly remodeled high-tech ultra modern kitchen with eating area & Center Island, newer contemporary light fixtures, living room with sophisticated fireplace & refinished mahogany walls with an open floor plan adjoining to the dining room area. Master bedroom has been expanded and offers glass walls overlooking the rear yard. Updated master bathroom offers modern over counter top sinks, radiant floor heat, freestanding tub and glass shower stall with a very contemporary vibe. Flooring includes cork and polished cement flooring. Newer central air & heat system and flat foam roof. Shown by appt only with agent or owner. Show your non-traditional Buyer's. There is a potential tax benifit associated with owning a Eichler Residence located in this Granada Hills historical neighborhood.
You can read more about Eichler homes here and specifically about Granada Hills Balboa Highlands here.

You can read more about SFV Architecture and Real Estate here.


































Images courtesy Pinnacle Estate Properties