Westwood Little Holmby Real Estate October 2017
Local News and Industry Updates from Caron Schwartz at Gibson International Real Esta
Real Estate Agent Westwood, Los Angeles California — Caron Schwartz. Caron has been working in real estate and design for over 30 years in Los Angeles.
“I had a very positive experience with Caron. In a competitive market, she helped me to find a home I am very happy with. Caron regularly sent listings in the areas that met several of my specifications. She was flexible schedule wise and knowledgeable during home visits with the seller’s agent that she organized and open houses. She knows the Westwood area very well. Caron is also very responsive to questions and requests for information, even outside standard work hours. Finally, Caron helped to take care of many other matters with little burden on myself (including organizing relevant inspections, home repairs, etc.). In total, she helped me immensely to be informed through the process, was responsive to my requests and needs, and very helpful in all aspects of home purchasing.”
Westwood Restaurants 2017 include many varieties of food to eat in one neighborhood! You could eat a different cuisine every day of the week . All within a 1 mile radius.
Contact me for all your real estate needs and things to do and local resources in Westwood and Century City .
Holmby Hills proposed HPOZ terminated on Sept 30, 2016 .
In a letter from Paul Koretz , Council Member to the 5th District for the Holmby Westwood Community, Mr. Koretz announced his reasoning in making this decision .Mr Koretz stated in the letter ,”I have listened and met with all sides and points of view and my office has attended numerous community meetings regarding this issue. The common theme with the Holmby Westwood Community is a strong desire to protect the neighborhood. It is also clear, however, that the proposed HPOZ is not the type of protection a majority of the community is seeking. “ The letter goes on to elaborate this decision further.
At a time when people feel their voice is often unheard by their politicians ,many Holmby Westwood residents feel the voice the majority expressed was heard!. Paul Koretz took a bold move and reversed a proposed HPOZ when he determined the majority of homeowners did not want a HPOZ in this neighborhood. Discussions within the community continue. The entire HPOZ proposal can be viewed online.
Paul Koretz office had to give great consideration to the many voices and differing opinions in the neighborhood. After much thought and communication within the community the office decided it had to redirect their efforts within the community.
What does this all mean for the neighborhood? Holmby Hills proposed HPOZ terminated will pave the way to new discussion about how to maintain the character and quality of a neighborhood as developers seek to maximize square footage and remodel and build within the community. Many believe it will help property values continue to rise in keeping with the economy as potential to remodel homes that come on the market is now less restricted.
This 5 bedroom home in Holmby Hills is currently for sale for $6,100,000. potential buyers are relieved to hear they can make changes to the home on this large lot,(22000+ sq ft) with 5110 sq ft. This home is within minutes of Holmby Park. The grand homes on large lots are highly desirable luxury properties in Los Angeles. Now that the Holmby Hills proposed HPOZ terminated many in the neighborhood believe that homes will be remodeled with design and sensitivity
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Holmby Hills HPOZ Update gives an overview of what has happened in the area regarding new construction and remodeling. There were several meetings taking place throughout July and August 2016 for discussion about the HPOZ for Holmby Hills Westwood neighborhood. HPOZ ? “Historic Preservation Overlay Zone”.(What is ICO and HPOZ ?)
Proponents for a HPOZ and Anti HPOZ residents met a few times at St. Aidan’s Church in Westwood to discuss their views. (July 14, and July 21 2016) The proponents for HPOZ have been preparing the HPOZ for this area for several years .Many residents formed a large STOP HPOZ committee. Residents expressed they had not been informed or felt misinformed about the proposed HPOZ. Over 500 residents expressed their opposition to a HPOZ. A large amount of written comments, comment cards, and verbal comments were collected and expressed at the meetings .Some homeowners created a petition and contacted their City Council. Some residents felt the restrictions violated their Civil Rights. Some residents didn’t want colors restricted. landscaping, and materials for windows to name a few objections. Furthermore other homeowners didn’t want any restrictions. Other residents felt the only way to protect the character and preserve the community would be through a HPOZ. This community came forward to take action that affects their neighborhood and its future. Value and freedom of choice is very important to the homeowners. Additionally, maintaining the character of the neighborhood and how residents will to do that must be decided.
As a result of the meetings and comments, the proposed Holmby Westwood HPOZ will not be put on agenda for the August 18, 2016 Cultural Heritage Commission hearing. In addition, it will not be put on agenda for the September 22, 2016 City Planning Commission hearing . All the input is now being analyzed .Postponing these meetings will give the Council more time to review.The current HPOZ draft (http://preservation.lacity.org/sites/default/files/Presentation_Public%20Hearing%207-28-16%20FINAL.pdf ) is a proposed guideline.
Similarly, many residents stated they do not want their rights regarding their homes determined by a committee. Furthermore, they do not want a more bureaucratic process , more fee’s, restrictions, and increased length of time for permits. Some residents felt homeowners who have already remodeled would be more fortunate than those who contemplate remodeling and renovations in the future under the current HPOZ proposition .The HPOZ proponents feel that the guidelines can be developed to please residents.
In Conclusion, The City of Los Angeles will be reviewing the matter in the coming months. Open the above links to understand more about the various issues, history of the neighborhood, architects of Holmby Hills, and styles of homes, What do you think? Your opinion matters. Be aware, be involved! Stay informed, Share your comments. Holmby Hills HPOZ Update
Contact https://www.caronschwartz.com for all your real estate needs. 310-383-0831
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Another area of Los Angeles looks to adopt Mansionization rules. Venice California is a community that is so mixed with older homes, new architectural homes, small condo developments, large condominium developments, and houseboats. This community is a buzz with what to do with the building going on and the changes that could further affect the neighborhoods. While Westwood, 15 neighborhoods are under ICO with varied regulations. Holmby Hills is well underway in establishing a HPOZ. While the neighborhood has been notified, a committee is well into the planning that will soon be proposed for this neighborhood. The city officials state “Establishing an HPOZ for the area would help to further protect the historic buildings and guide change in the neighborhood. The City of Los Angeles Department of City Planning is currently conducting outreach in the development of the preservation plan.” Homeowners have concerns that they won’t have a voice in the rules the committee proposes but we will have to wait to see what is proposed in the coming months. Venice looks to adopt mansionization rules as the city allows more builders to overlook rules that have helped set in place maintaining some of the original character of the neighborhoods. It is precisely because of this mix of the new and old that gives Venice its charm. The increase in population in an already dense community will definitely continue to affect the neighborhood both good and bad.
Venice on the other hand is hearing strong reactions. Petitions are posted online, meetings are being held as the character of the neighborhoods in Venice continue to dramatically change. Venice. There was to be “long range conservation, use and management of the natural, scenic, cultural, recreational and man made resources of the coastal zone adopted in the plan Section 30002. With prices on Abbot Kinney in the $9-10 per square foot commercial leases, Architectural homes , and more three story buildings being built along with condominium developments, the face of Venice is rapidly changing. In March of 2015 The City Council began to curb the proliferation of Mansionization in Los Angeles. The Planning department began to revise citywide rules (BMO) Baseline Mansionization Ordinance, which detail the amount of residential floor area that can be developed on a single family lot.The council approved immediate but temporary restrictions within certain neighborhoods in Los Angeles including Holmby Hills,Venice East of Lincoln Blvd , parts of Kentwood in Westchester, and Mar Vista to name a few. Considerations are being made to extend the ICO. In Question is the Specific plan and the interpretation of the small lot Subdivision Ordinance. Currently more units area being allowed on lots than the Specific Plan allows not considering enough parking. Very large buildings are being constructed which many find out of scale with the neighborhood.The community has very little time to appeal decisions of the Planning department. On Monday, April 18, 2016 there was an ‘invitation only’ meeting that did not reflect the diversity of the Venice community. There continue to be posts to the internet to alert the community of what is happening. In Westwood, planning is done, and the City assures the community it will have a voice. The hope is that those in the community who attend the next meetings with the proposals will still have a voice in what the committee of roughly 13 working with City officials comes up with. There are hints of this coming to more communities in Los Angeles as builders and residents come together with City officials to determine how much growth and construction and the limitations on what can be done take hold. For further information check with the Venice City Council http://www.venicenc.org/committees/lupc/
contact https://www.caronschwartz.com for all your real estate needs. 310-383-0831
Little Holmby homes listed over 4 and 5 million are becoming more common on the market recently. Little Holmby has always been one of the most desirable neighborhoods to live in Los Angeles. Due to great schools and central location this beautiful neighborhood with such a varied array of beautiful style homes has seen home prices of 2 and three million for years. Many grand old homes on large lots are being remodeled and in some cases prior to the moratorium and HPOZ ICO rules being enforced, homes have been torn down and large new homes have been built. This seems to be a good thing for the neighborhood adding value to an already hot neighborhood . Little Holmby homes listed over 4 and 5 million includes more than 13 homes sold pending or active in the past 6 months! Beautiful interiors with systems that are updated and integration of indoor and outdoor space are some of the reasons the jump in prices is starting to be seen. People in Little Holmby held onto homes for a long time as families raised their children in the neighborhood . There are more homes coming onto the market recently. My best advice if you have a home in Little Holmby and have thought of selling would be to upgrade the systems(plumbing, air conditioning, electrical). Talk with a realtor like myself about staging or preparing your interiors to get the best value for your sale. If you’re looking as a buyer for a home in the neighborhood we have seen more listings on the market in the past few years than ever before. There are currently some restrictions on tearing down homes and remodeling so you want to be informed about this. View some of the Little Holmby Homes listed over 4 and 5 million. As you can see in pictures below, interiors look great and there is a flow with indoor and outdoor space. If you need a price consultation or assistance, contact 310-383-0831 https://www.caronschwartz.com
Nine Wilshire Corridor Condominiums sold April 2016. The Wilshire Corridor is a 25 block boulevard of beautiful high rise and low rise condominiums central to Los Angeles. Positioned between the 405 and 10 freeways, Westwood, UCLA, Century City, Bel Air and Beverly Hills The Wilshire Corriodr is a wonderful community to live in Los Angeles. Surrounded by theaters, grocery stores, places of worship, parks, schools, museums, and so much more, living here puts you close to everything in L.A. The one, two three and four bedroom condominiums are usually in buildings with many amenities including security, pools, gyms, valet parking, etc.Depending on your needs and budget there is a perfect building for you. Visit my restaurant lists, park, theater,school,golf, etc lists to find out more.
This month Wilshire Corridor Condominiums sold April 2016 include mostly 2 bedroom units ranging in price under a million to over three million. Differences in sales price often include age of the building, amenities, upgrades within the units interiors, floor, location , views, and building. La Tour Condominiums always has large square footage and big windows that bring in a lot of light. A two bedroom with 3190 square feet sold on a high floor on the North East corner for $3,350,000 but needed work to update the interiors. The Views were terrific as is that amount of square footage. A 2 bedroom/3bath condo in the Wilshire Thayer with the interiors totally redone , 1759 sq feet on a upper floor sold for $1,225,000.00. The building has security entry but does not have other amenities like a pool and gym For more information contact https://www.caronschwartz.com