A selection of transactions involving Los Angeles real estate agents, Craig Spano and David Lubell — in and around the city in 2013-14. The street, neighborhood and purchase price are followed by comments from Craig and David.
Vermont Avenue, Los Feliz: $3,715,000
Represented the buyers of this property — a young couple planning to eventually relocate to Los Angeles from the east coast. When they first reached out, they were not very knowledgeable about the various neighborhoods of Los Angeles — this is pretty common. As is often the case, the wife took the lead in the search – exhibiting an amazing ability to process all the options out there on the market. At first, the wish list was rather broad: an older home with character, or possibly a new build in the style of an older home, on a large piece of property with a pool, maybe a view. As we explored various homes and areas of town, what they were looking for became clearer.
We scrapped the idea of building a new house, as the longer time frame just would not really work for them. Ultimately, the couple was really drawn to homes with superior architectural quality. Not all old homes were created equal — of course some have more amazing detail intact than others. Furthermore, they ultimately fell in love with the Los Feliz neighborhood after we looked all around town — from Westwood to Hancock Park. Another determining factor we came to realize — the house should ideally open directly out to the pool. Many homes in the hilly parts of town require a walk down many levels of stairs to access the outdoor spaces.
The house they purchased, although not a “view” property, ticked almost every other box on the wish-list: a very grand Spanish style house in move-in condition, on a large lot, very private with a resort-like back yard. They feel they indeed found the house of their dreams, as clichéd as that may sound.
Mansfield St., near Hancock Park: $1,450,000
Represented the buyers, a New York-based couple, that were looking for an eventual “semi-retirement” home in LA, one that can be rented for positive cash flow in the near-term. We viewed this house within the first 30 minutes of the first Broker’s Open House, and made an offer within a few hours, before my client’s flight left LAX on his way back. Although the 1920’s Hancock Park Tudor style house was turn-key, the buyers reconfigured the Master Suite and Upper Floor to better suit a more up to date lifestyle.
Carmar Dr, Hollywood Hills: $1,600,000
Represented the buyer, an LA-based music industry executive with two young children. This was a six-month search through Los Angeles real estate — from the Hollywood Hills to down in the flats, from West Hollywood to Hancock Park. After several incomplete transactions, this house up near Mulholland Drive best fit the bill. The client wanted modern style, views, privacy, and four bedrooms, and minimal renovation. He got it all — except the minimal renovation. The lesson learned here: something has got to give. An added note – the house has been transformed into a stunning mid century showplace.
North Arden Blvd, Windsor Square: $879,000
Craig (yes the Craig of Craig and David Homes) was looking for a property to call home. He wanted a house in need of TLC, and this one sure fit the bill. Actually it was a wreck in need of extensive renovation. Ultimately David and Craig decided the original property needed to be torn down, and rebuilt from scratch. So it became a project for Craig and David Homes. The result is currently on the market.
Woking Way, Los Feliz: $1,710,000
Represented the buyer who was looking for a house in the hills, with room for a pool. Renovation, size, style, and configuration were all flexible. Ultimately this house in Los Feliz fit the bill. On a very large, mostly flat lot, the house was, essentially, in good condition — and chock full of original 1920’s architectural detail. Although it may seem that with such a flexible client the search would be easy — sometimes being very flexible means the search can take longer. Yet another paradox we realtors face.
Riverstone, Bear Brand Ranch, Laguna Niguel: $1,975,000
This client (actually a couple with young twins) had thought about relocating out West for some time. When considering the move from New York City to Southern California, they first looked at Los Angeles real estate before focusing the search for a home in Orange County. This was an obvious geographic challenge, as Craig and David Homes is LA-based. That said, through numerous conversations with the client, it became clear what the family needed. On Good Friday, David began a search on the MLS at 6:00 a.m. and identified a brand new listing in the gated Bear Brand Ranch community. Despite the drive from LA, David was the first agent to view the house, and before the clients could even get to California, they had floor plans (secured from the owner) and 50 pictures. This was enough for them to understand this was “the one.” We had a deal negotiated within a few days. There were multiple bids, but we ultimately prevailed.