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I’m super excited about our new listing at 115 S June! The offering is a rare super cool Single Story Mid-Century Modern Home in a Prime Hancock Park location. A bright and open floor plan has the house surrounding the inner courtyard with a waterfall pool and tennis court. There are five bedrooms and five bathrooms. Frank Lloyd Wright inspired stained glass double entry doors open to a sleek center hall with period details, a wet bar, terrazzo floors, and floor to ceiling sliding doors to the pool. There’s a large formal living room with a period fireplace and an elegant dining room off the kitchen. The newer clean white minimalist kitchen has an oversized Sub Zero refrigerator + freezer; it opens to a family room, and looks out to the pool. The primary suite has generous closets and an adjacent private office that opens to a grassy yard. The house feels like retro old world Hollywood glam in a one-of-a-kind gem on the nicest street in the area!
I’m super excited about our new listing at 6417-6419 Lindenhurst in Beverly Grove! The house was the childhood home of one of our sweetest long term clients! Our devoted seller spent 2 years, alongside her favorite designer + contractor, taking the house all the way down to the studs and restoring it entirely. Very rarely do you see a house for lease that’s remodeled with sincere pride of ownership. The main house has a living room with high coved ceiling + high arched window to the street + beautiful stone surround fireplace. The formal dining room is drenched in sunshine. The brand new handsome grey kitchen has stone counters, a wide porcelain sink, stainless steel appliances, and a chic sunny breakfast area. The quintessential laundry room has everything in just the right spot!! 2 bedrooms are en-suite & have double doors to the backyard. The third bedroom accesses a bath from the hallway. There’s a new detached ADU with a kitchenette and a bathroom. The yard is everything!!!!!!!!!!!! There’s so much brand new Marathon grass + mature trees, and the best part is the still silence but for the sounds of birds chirping. The location is perfect right between The Beverly Center and The Grove. This house is the perfect zen sanctuary for someone who wants brand spanking new never used in a quiet central spot!
I’m super excited about our new grand lease at 308 S Highland that has 5 bedroom suites upstairs, 1 bedroom suite downstairs, and a bedroom suite ( number 7!!!) in the new ADU outside!!! The backyard is sprawling + beautiful with a brand new sparkling pool with jacuzzi, al fresco dining area and bright green lawn! The kitchen with center island, stone counters, and stainless steel appliances is brand new and never used! The public rooms are amazing for entertaining and include a grand scale living room, huge dining room, and spacious family room that opens right to the backyard! It’s unusual for a house this size and in this brand new just remodeled condition to come up for lease and it’s fun to show this one of
We made our listing at 132 N Orange live, and we have multiple offers over the asking price! It’s interesting to see on the preliminary title report that the owner pulled the property off the rental market in 2019 under the Ellis Act. It’s recorded on title that if a new owner wants to rent out the property, the building needs to be registered again as on the rental market. Since the Ellis Act was recorded in 2019 all the time periods have expired. It was interesting to experience the difference, in today’s sensitive market, of showing the property on market and off market, and staged vs unstaged. The buyer is super excited and super lucky to be scoring this property, fully vacant and with all systems redone and in good shape!
I love it that we’re working with so many repeat clients at the moment! We have proudly worked with the owners of 308 S Highland over a dozen times! Our new Lindenhurst lease is our seventh time working with the owner! One of our buyers in escrow is working with us for the sixth time! Another buyer in escrow is working with us for the fourth time! Our 115 S June lease owners have worked with us 6 times! Our condo on Cahuenga is a seller we’ve represented in the past. We’re preparing a new listing for sale and it’s our second time working with those clients! Our lease on Hayworth is an owner we’re represented multiple times. Working with so many people we know and love is the world’s biggest treat!
In buyer inspections this week on a property built in 1928, we did an asbestos inspection, and some damaged asbestos boot wrap insulation was discovered in the crawlspace. Because the asbestos is damaged, it is officially considered a contamination hazard. To stay compliant with local regulations, the abatement company is not able to jump in and remove it. They first need to get a Contamination Assessment and Cleanup Plan (called a Procedure 5) that will determine the extent of contamination and the steps for the abatement company to take to remove it. From past experience, once a Procedure 5 Plan is involved, it’s an expensive and lengthy process to deal with the asbestos removal. It’s pretty crazy to see in disclosures that in 2009 the owner hired an AC company to do AC work and to deal with old asbestos as part of that work. In 2011, the owner figured out there was still asbestos in the walls and so she hired an asbestos company to remove asbestos in the walls. What was discovered now is likely remnants left from the AC company’s work in 2009.
Lessons I’ve learned that can help others… As interest rates went up and stayed up, buyers are much more discriminating, intentional, and particular about what they buy, including location and condition; sellers might now consider doing some repairs/upgrades in advance of sale to make buyers act faster and pay more for their home. Construction costs + lead time rose significantly since Covid, which in turn significantly increased the value of houses that need absolutely no construction or repairs; sellers might now consider upgrading even if they plan to sell in the future since upgrades (done well) pay back more than ever before. Post Covid Tenant Laws got extremely protective of tenants which made buyers particular about making sure permits are in place for rental units; owners might now consider permitting unpermitted parts of their house which increases value too. More than ever, buyers want to buy a house that they can move right into without doing a thing. The best houses have old world architecture, modern amenities, bespoke design + finishes, curb appeal, perfect outdoor space, and a central quiet location.
Our hearts are broken by the tragic passing of Rabbi Heshy Maryles at the young age of 72. I remember Rabbi Maryles as a kid, my brothers coming and going from the boys choir practice he led before school dinners. My boys enjoyed practicing and performing in Rabbi Maryles’ choirs too. I personally knew Rabbi Maryles as a person who dived deep into the details of everything he encountered, and thus he did things well. He was supremely proud of his uber talented wife, Shaindy, who did an extraordinarily expert job designing and running every celebration that Seth and I ever hosted, including our kids’ engagement parties and weddings. Shaindy put her heart and soul into every detail of every party, and Rabbi Maryles recognized and appreciated every single talented detail that Shaindy created. Everyone knew Rabbi Maryles as a supremely good person, with supremely good values + principles, completely devoted to his wife + kids + grandkids, and as a person who cared to do the right thing. Rabbi Maryles will be sorely missed not just by his amazing family, but by all those he touched with his generosity of spirit.
Wishing all a lovely summer week ahead!
Xoxoxo,
Sheri
