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OFF MARKET FOR SALE: New construction home perched atop Franklin Hills with excellent schools

Bordering Silver Lake, this new construction home is currently in its final stages and ready for your personal customization.  Thoughtful design and top of the line finishes and materials grace this home.  Enjoy a beautiful sunset and views as far as Malibu every day from any of the 3 large west facing balconies.  The home is in great company with other old Hollywood inspired homes and award winning schools that reflect the architectural graces of  Frank Lloyd Wright, John Lautner and many others.  This home has 3 bedrooms on the top floor.  The main bedroom has its own balcony, gas fireplace and walk in closet that could an additional bedroom itself.  The first floor has an open floor plan with large balcony, gas fire place, top of line finishes, materials and appliances.   The expansive basement is another realm in of itself that could be used as a recreation or creative room, gym, kids playroom and more at all once.  Cultural amenities include the Greek Theater, Griffith Park and Observatory and Barnsdall Park are a short jaunt away.  The amenities of Los Felix and Silverlake are just down the hill as well.  

Contact Stephen for more information.

For Sale: Off Market 4 Unit Apartment in Hollywood – 5.56% Cap Rate

For Sale: Off Market 4 unit apartment in Hollywood. Pro forma cap rate of 5.56%. 8 parking spots. $1,500,000.

Seller plans to deliver 3 units vacant. The remaining unit generates market rent of $2,300/month, which the other vacant units should get in rent. Freshly painted 4 unit building with mirror image 2 bedroom, 1 bathroom units located on a nice block of Hollywood just around the block from public transportation, shops, and restaurants on Western Avenue and Melrose Boulevard. Great investor opportunity to own in great neighborhood. Has 4 covered and 4 uncovered parking spots in the back. Recent upgrades include fresh exterior paint and a new roof. Building sold as is, buyer to do their own due diligence.

This property will go on the MLS in 2017 so act fast!  Please inquire for set up sheep and more information.

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Local news report Summer doldrums in the residential market for some areas in Los Angeles.

DSCF9763Normally the summer is high season for residential real estate market.  The summer of 2014 is different than expected and might signal a normalizing residential real estate market: http://www.sgvtribune.com/business/20140726/southern-california-housing-market-comeback-stalls http://www.latimes.com/business/realestate/la-fi-home-prices-20140716-story.html