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LA housing agency pays $43M to buy 120 apartments in South LA

A Los Angeles housing agency has paid $43.4 million to buy a 120-unit apartment complex in South L.A. The Housing Authority of the City of Los Angeles purchased the three-story building at 349 South La Fayette Place, in Rampart Village, the Commercial Observer reported. The seller was California Landmark Group, based in West Los Angeles. The deal works out to $361,667 per...

Malibu mansion sells for $38.5M in priciest LA deal this year

Oceanside site once contained the home of “Friends” co-creator Marta Kauffman Investors Mark Cirlin and Man Li-Yeh have parted with a Malibu estate for $38.45 million, marking the priciest home sale in Los Angeles County so far this year.  The property, at 33740 Pacific Coast Highway, is a Cape Cod-style house that has spent time on and off the market since 2017. It was originally listed...

Home Prices in Palm Springs are on the Rise. What Does this Mean for You?

In January 2024, we noticed something interesting with the Palm Springs real estate market—home prices in the desert city increased by 2.4% compared to last year. This made the average cost of a house hitting the Palm Springs market $665,000. You might wonder, why the increase? The answer is simple—Palm Springs has a unique mix of things that make living there great. It has sunny weather, an...

Entrepreneur Benjamin Griefer buys Hidden Hills mansion for $24M

New 13K sf mansion sold for $1.3M less than asking price Financial executive Benjamin Griefer has purchased a 13,100-square-foot mansion in Hidden Hills for $23.7 million, or $1.3 million less than its asking price. The chief operating officer of Calabasas-based Maverick Payments and his wife, Chantal, bought the new farmhouse-style estate at 5275 Round Meadow Road, according to the Robb...

LA market’s first $20M home sale of year comes from Pacific Palisades

All-cash deal follows flurry of activity in December for high-priced houses The first luxury house sale of 2024 came from Pacific Palisades, rather than the typical locales in Malibu, Beverly Hills or Brentwood. The mansion located at 211 Alma Real Drive traded for $20 million in an all-cash deal on the first business day of the year.  The home was initially listed for $39 million in March...

Kayne West brand new Malibu home for sale at $57.25 million

Kanye West, also known as Ye, caused quite a stir in 2021 when he bought a beach house in Malibu, CA for $57.25 million. The house was designed by renowned architect Tadao Ando, but West reportedly stripped it of its windows, doors, and electrical features, as well as many of the architect's signature finishes. However, he never finished the renovation he had planned. Now, West is once again raising...

Karen Winnick lops $55M off price of Casa Encantada in Bel-Air

Widow of financier Gary Winnick, who died this month, relists “work of art” at $195M The widow of late billionaire financier Gary Winnick has slashed $55 million off the price of a 60-room Bel-Air Mansion. The revised asking price is $195 million. Artist and author Karen Winnick has relisted the historic Casa Encantada estate at 10644 Bellagio Road, according to the Robb Report. Gary and...

For the cheapest homes in SoCal, look to the Inland Empire

25 lowest-priced markets have average asking prices from $394K to $595K Where to find the cheapest homes in Southern California, with a price between $400,000 and $600,000 and a monthly payment less than $4,000? A study of the 25 lowest-priced neighborhoods in Southern California found the answer is almost anywhere but Los Angeles and Orange counties, the Orange County Register...

Branden and Rayni Williams to list Hollywood Hills spec home for $38M​​​​​​​James Bond-inspired mansion features a $40,000 rotating bed and a fake mountain lion​​​​​​​First came “Stanley 1,” a spec home built by luxury brokers Branden and Rayni Williams in the Hollywood Hills that sold for $33 million. Now there’s “Stanley 2,” seeking $38 million.After five years of...

Marilyn Monroe’s only home in LA faces demolition!

ActivitiesView Email Mystery trust plans to tear down hacienda where movie star died, but fans aren’t happySome like it hot. But for the mystery buyers of the only home owned by Marilyn Monroe who want to bulldoze the Brentwood landmark into oblivion, the heat’s been scalding.In July, Glory of the Snow Trust paid $8.35 million for the 2,900-square-foot hacienda-style home where the Hollywood icon...

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