South El Monte
REAL ESTATE
Diddy Lists LA Mansion For $70M Amid Legal Storms: Harlem Watches
Harlem-born music mogul Sean “Diddy” Combs is selling his lavish Los Angeles mansion for a staggering $70 million amid ongoing legal troubles. The hip-hop icon, who has deep roots in our community, purchased the property in 2014 for $39 million, potentially netting a substantial profit if the sale goes through.
'True Blood' Star Anna Paquin Slices the Price Again on Her L.A.-Area Home—This Time to $7M
It looks like it's once more to market for Anna Paquin. The star of "True Blood" has again slashed the price of her Venice, CA, home, this time down to $7 million. This five-bedroom, eight-bath, rustic-style charmer was previously listed for $14 million in 2020, but the price tag was discounted to $8 million in January of this year.
Scrambling CA homeowners consider ‘going without insurance’
Ray Barrios lives in one of many large, single-family homes that line the squiggly, narrow streets of Brentwood. The community is manicured. Planned. Developed. No “wildland urban interface” here. The flammable hills just north of this LA neighborhood that look like typical tinder – open dry grass or trees with dense undergrowth – feel far away.
How Much House The Middle Class Can Afford in 10 Thriving Small US Towns
Middle-class Americans have been largely priced out of certain U.S. housing markets in recent years, mainly large coastal cities such as Boston, Los Angeles, Miami, New York, San Francisco, Seattle...
An Architecturally Significant Modernist ‘Treehouse’ Is up for Grabs in L.A. at $2.4 Million
Back in 2015, when Piper Mavis was seeking a place to live in the Los Angeles neighborhood of Silver Lake, the visual artist ran across a particularly intriguing home cantilevered into a steep hillside. Though it was out of her budget and had an especially precipitous staircase leading up to the living space, she attended an open house anyway and was instantly captivated by the picturesque views overlooking the iconic Hollywood Sign and Griffith Observatory.Grateful Dead Drummer Bill Kreutzmann's Former Home in California Can Be Yours for $4 Million Soon after, Mavis came to find out that the 1960s structure had...
Altadena’s 26,249 SQFT Chase Plaza Hits the Market for $11.8MM
Located in a high-traffic commercial district, Chase Plaza presents a potentially compelling investment opportunity for those seeking a well-established property with strong potential for growth. This two-story retail and office complex, built in 1959 and renovated in 1991, offers a central location on a signalized corner, providing high visibility and easy access for both customers and tenants. According to a release from Sync Brokerage, the offering price is $11.8 million or roughly $450 per square foot.
Mansion tax stirs concerns in LA’s property market
Real estate connoisseurs, Josh and Heather Altman, have voiced concerns over Los Angeles’ newly implemented “mansion tax” and how it influences the property market. They suggest the tax could discourage substantial property venture, eventually leading to lower property values, disrupting the real estate market. Property sales have...
15-Unit Newly Built Residential Property for Sale for $8.15MM in Koreatown
A new 15-unit apartment complex has hit the market in the Los Angeles’ Koreatown neighborhood. According to the marketing flier by Partners CRE, which has the listing, the residential property is located on approximately 0.2 acres of land at 339 S. Oxford Ave. The asking price is $8.15MM or around $543,000 per unit. Public property records show that the owner is an entity affiliated with Thomas James Homes.
Pasadena Leaps into Top 10 Most Competitive US Rental Markets
While it may not surprise local residents, Eastern Los Angeles, a real estate market area that includes Pasadena, has seen the largest year-over-year jump in rental competitiveness, soaring from 25th place at the start of this rental season to ninth place in the U.S., according to a new report from rentcafe.com.
Los Angeles Home Comes With Its Own Hookah Lounge
LOCATION: 9330 Flicker Way, Los Angeles, California. This modern home is located at 9330 Flicker Way in Los Angeles, California and is situated on nearly an acre of land. It was built in 2021 and features approximately 24,000 square feet of living space with 9 bedrooms, 14 bathrooms, formal living room with wet bar, formal dining room, gourmet kitchen with floating herb garden & glass-enclose wine room, office, hookah lounge with wet bar, home theater, gym, meditation room, 10-car garage and more.
Construction Starts on Affordable Housing Project in Altadena
New development aims to address growing need for affordable and special needs housing in LA County. Nonprofit housing organization EAH Housing has begun construction on Agave, a 58-unit affordable housing development in Altadena. The project, in partnership with Union Station Homeless Services, is aimed at providing permanent supportive housing for formerly unhoused individuals.
Eight-Bed Vance Street Property Hits Market at $39M
The listing emphasizes the home’s modern design and spacious interiors. A newly listed home at 212 Vance Street in Pacific Palisades is on the market for $39.9 million, offering luxury living with stunning ocean views. The property features eight bedrooms, nine bathrooms, and an array of high-end amenities, including...
Newmark Adds Multifamily Powerhouse in Century City
Dean Zander has joined Newmark as vice chairman, based in the Century City office. He brings more than three decades of experience in the multifamily sector throughout Southern California, closing transactions valued at more than $11.9 billion across 58,000 units over the course of his career. Zander will work with...
Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
LOS ANGELES (AP) — The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week. That’s according to mortgage buyer Freddie Mac on Wednesday. A year ago, the rate averaged 6.81%. The uptick follows a four-week pullback in the average rate, which has mostly hovered around 7% this year. When rates rise they can add hundreds of dollars a month in costs for borrowers. The elevated mortgage rates have been a major drag on home sales, which remain in a slump dating back to 2022.
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