Celeb R.E.: Corbin Bernsen and Amanda Pays Sell Valley Village Personal Residence
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| Bernsen/Pays image courtesy Wikipedia/Alan Light; listing pics courtesy Coldwell Banker. |
Back on April 1, 2015, the always informative folks at LA Times Hot Property revealed that celebrity real estate flippers, Corbin Bernsen and Amanda Pays, have sold their Valley Village personal residence and their Toluca Lake flipping investment. Bernsen is an actor best known for his role as divorce attorney, "Arnold Becker" on L.A. Law while Pays is also an actress with various TV and Film roles.
Starting with the Valley Village personal residence (shown above) which was purchased on January 11, 2001 for $900K and first listed on April 2, 2015 for $2,399,000 and sold on June 5, 2015 for $2,255,000 representing a gain of $1,355,000 not factoring renovation expenses, commission, carrying fees, etc.
The home measures 4 Beds/4.25 Baths on 3,340 sqft on a total lot size of 0.27 acres built in 1936. The listing description states:
Purchased it in 2011 with a complete and gorgeous renovation this is a one of a kind spectacular Pays Bernsen offering. The main house is 3 bedrooms with an office, screening room, den and formal living room but the open kitchen/dining room that leads out to the European inspired backyard and pool is the heart of the home. Polished concrete and wood floors, amazing iron floor to ceiling windows and doors give it a style of it's own thatthat must be seen. The "barn" guesthouse a separate building in back with its own bathroom, has been turned into the most amazing bunkhouse for older children but could be used any way you want . At 669 sq ft it would be amazing offices, pool house with loft or whatever your family needs.
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| Bernsen/Pays image courtesy Wikipedia/Alan Light; listing pics courtesy Coldwell Banker. |
Moving onto the Toluca Lake flip (shown above) which was first reported by LA Times on April 10, 2015 was purchased on December 4, 2014 for $875,000 and first listed on April 6, 2015 for $1,499,000 and sold on May 28, 2015 for $1.4 million representing a gain of $525K not factoring renovation expenses, commission, carrying fees, etc.
The home measures 3 Beds/2 Baths on 2,039 sqft on a total lot size of 6,808 sqft built in 1945. The listing description states:
Beautifully elegant, new crisp and clean modern traditional renovation in Toluca Lake. Walk through the gated and private front yard to this 3 bedroom 2 bathroom oasis. With a massive open kitchen/dining room that centers on the fireplace and opens on both sides to the manicured gardens. Woodfloors, formal living room, fabulous master with walk in and ensuite and 2 other family bedrooms. Beautiful private yard with pool and spa. Nothing has been left untouched. Bring your suitcase and move in.
As mentioned before, Bernsen and Pays have flipped homes before in including a Sherman Oaks and Valley Village home discussed on this blog in 2014. The LA Times article mentioned that Bernsen/Pays were selling their personal residence to move to a smaller home in the hills which will be their next project.
You can view more SFV Celeb R.E. 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.
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