Twighlight open house in Studio City tonight from 5 to 7

Come see the terrific view and watch the sunset at 11411 Decente Ct., Studio City.  This is open to both real estate brokers and buyer clients.  This terrific house features 4057 sf., private location, 3 big balconies with panoramic views, 5 bedrooms, den, 6 baths, and superb maintenance.  Price tag is $1,999,900.

Gorgeous Hollywood Hills listing

My colleague Dan has just listed this immaculate beauty at 3167 Lake Hollywood, in the Cahuenga Pass area of the Hollywood Hills. It's a 2 bedroom, 2 bath, 1500 sf (taped) 1937 traditional with loads of upgrades, and includes a sunroom/den, dining area, terraced backyard and more. The owner has meticulously maintained the home, too, and added features like central heat/air, a retrofitted foundation, and a newer roof (4 years old). And it's listed for $799,000 which is an incredible price for the area -- this is an area of $1 million+ homes, folks. And it's not even a short sale or REO! Contact me if you are in the market for a home like this and we will arrange a showing.

And We Thought Flipping Was Over -- Not in Hollywood Hills

Here are two pictures of 2269 Canyon Dr., above Franklin in the Hollywood Hills. I listed the red brick one in June of 2006 for $1,299,900. As you can see, it's a pretty lovely Georgian with 2,578 sq. ft. (big for neighborhood), pool (rare for neighborhood) and it was splendidly maintained. Still, it took a long time to sell and finally closed in December of 2006 for $1,050,000.

Cut to now, a year and three months later. The house has had a re-do, the brick has been painted yellow, and it looks far more "New Orleans." It is back on the (declining) market at $1,399,000. Yes, the new owners did completely remodel the kitchen. From the pictures, it appears that the pool and deck were re-done. I'm sure there were other changes, but those are the major ones. No square footage was added. Yes, it has been nicely decorated, although it was nicely decorated before. But this is a price increase of $350,000 or over 30%! I wish the new sellers luck. I think they may need it.