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WESTWOOD REAL ESTATE AND NEIGHBORHOOD UPDATE APRIL 2019

WESTWOOD REAL ESTATE AND NEIGHBORHOOD UPDATE APRIL 2019

Westwood / Little Holmby/ Bel Air /B.H.P.O

First, have you considered moving to a condo from a home? Or vice versa? Call me to see what your options are.

Wilshire Corridor penthouse for sale

Most noteworthy, the above picture is from a penthouse on the Wilshire Corridor with 4 bedrooms, 5 baths, walk in closets and large bathrooms with over 5500 sq ft. Security, concierge, pool, gym and views are some of the amenities offered for just over $4.8+million. Additionally,there are several penthouses available on the WIlshire Corridor at this time.

There are several 3 bedroom condos in the $3 million range and under. There are many exciting remodels and luxury condos on the Wilshire Corridor.

Especially relevant, APRIL 2019 real estate activity is picking up. Interestingly, under $1,795,000 homes are moving!
Many of my customers live in Belair and Beverly Hills & PO. Others live in Hollywood, Culver City, Beverlywood, Rancho Park,Malibu, Santa Monica and Venice/Marina. Most noteworthy, I work in many areas but I only sent statistics for the Westwood area. I am happy to send  you this data if you e mail me to send to you.
Secondly, the market is picking up with many sales in the area and new listings being sold. Since January 2019, more than 42 homes in Westwood have sold. They average in price between 1.5 and 4 million. Comparatively, a larger number of homes were sold South of Olympic to Pico. Also, more than 107 condos sold in Westwood since the beginning of the year. 41 were along the corridor. Home sales in the higher price range have slowed down a bit.

Furthermore, buyers are taking more time to look at their options. I help clients view property so they can understand value and be able to act upon a good property when it comes on the market. Additionally, we are still seeing multiple offers on well priced properties.

There are 26 Active Single family listings in all of Westwood. There are 168+ condos for sale in Westwood of which 62 are listed on the Wilshire Corridor. Additionally, contact me to have statistics mailed to you. My clients get a mailchimp blast from me every month to tell them what is happening in the neighborhood.

Westwood Real Estate and neighborhood update

Especially relevant, real estate monthly data

Did you know? North of Wilshire in Little Holmby: 9 properties- 7 active listings,1 pending,1 under contract
Westwood Hills:6 properties- 4 active listings 1 under contract, 1 pending
North of Santa Monica Blvd:15 listings-9 active listings, 3 under contract, 3 pending
South of Santa Monica Blvd:21 listings- 11 active listings, 9 Under contract 1 Pending

Thirdly, LISTINGS ARE NEEDED !. It’s a great time to sell, so let’s get your home ready for market together. Hence, there are still more buyers than inventory to sell.

EFFECTIVE JULY 1,2019 RENT INCREASES CITY OF LOS ANGELES RAISED UP to 4%Many buyers and sellers in Little Holmby are unaware that there are many houses under CC&R’s . If you are thinking of selling or buying you need to review this.Did you know? Has the microwave met its match? The biggest money-making kitchen feature was the steam oven, wall ovens that pump in steam to cook food in a healthier manner. Comparatively, these netted a 34% sales premium, higher than any other feature. (Marketwatch)

Additionally, are you looking to relocate? I work with clients who are downsizing, up sizing, finding a first home, or their next. Through this experience specializing in these neighborhoods, I have gained extensive knowledge about local schools, remodeling projects, transition, and moving issues.

What to Explore In Westwood, Brentwood, Century City, Beverly Hills, Hollywood, & More.

Every month I feature different restaurants and activities going on.
TOMADASHI is easy to miss
There are a few sushi restaurants in Westwood. I love to go here for my California rolls in soy wrapping. Easy take out .
10975 Weyburn Ave, Los Angeles, CA 90024 (310) 824-8805 open till 10:30

Tomadashi Sushi

HISTORY OF HIP HOP OPENS APRIL 26, 2019 at Annenberg Space for Photography

Visual history of hip hop

 DOGS -A SCIENCE TAIL- California Science Center

Science of Dogs

From lovable companions to loyal protectors, dogs live and work alongside us. They can rescue us from peril, sniff out danger, or provide help to people in need. Through engaging and fun hands-on exhibits, explore the science behind the bond between humans and dogs.
California Science Center 700 Exposition Park Drive Los Angeles, CA 90037 10-5 daily https://californiasciencecenter.org/visit


PROPERTIES

Available For lease

Wilshire Corridor
10787 Wilshire Boulevard
3 BD + Large Balcony | 3 BA | Offered at $4900/mo

10787 Wilshire 404 for lease

Coming soon
Wilshire Corridor 2 bedroom lease 2 ba views Century City $7000
2300+ sq ft 2 bedroom/2 ba – Full service amenities,
views,balconies

Over 2500 square feet Wilshire Corridor lease

JUST LEASED BHPO (below) $32,000.00 monthly,
5 bedrooms- Amazing views 1426 Harridge

Beverly Hills Post Office lease

Sold!
10727 Wilshire Boulevard #1402 – The Remington

Wilshire Corridor luxury condominium

3 BD + Family Room + Views | 3,200 + SF
Sold!
3432 Glorietta Place, Sherman Oaks

Wilshire Corridor luxury condominium

5 BD | 4 BA | 3,238+ SF | 13,856 SF Lot

 Stay tuned for more local updates and recommendations! If you are considering selling, buying, or leasing, please contact me for all your real estate needs!
https://www.facebook.com/CaronSchwartzRealEstate/
http://instagram.com/los_angeles_realestate

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For all your real estate needs contact: http://www.caronschwartz.com 310-383-0831

Based on information from the Association of REALTORS®/Multiple Listing as of 3/27/17 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Westwood Little Holmby Real Estate October 2017

Westwood Little Holmby Real Estate October 2017

View of Westwood, Wilshire Corridor, Beverly Hills, and Century City

REAL ESTATE & COMMUNITY UPDATES
OCTOBER 2017

WESTWOOD / LITTLE HOLMBY – NEWS & INFO

There is much to talk about regarding future development proposals for Westwood Village. Community Councils and Homeowner organizations are talking about all the proposed changes, and the time to start getting involved is now. The once small town Westwood Village is in for BIG changes. Additionally, the Hammer Museum has plans to expand.

Furthermore, the Metro station is coming. Most Noteworthy, most would agree we need more parking,! Especially relevant, high-rise housing? UCLA has plans to add five student housing buildings around campus and Westwood Village.

Many residents feel a proposed 20-story housing complex that will replace a UCLA Extension building on Le Conte Avenue will disrupt the aesthetic of the Village. Continue to watch for the Westwood Little Holmby Real Estate Update !

The articles attached reflect some diverse viewpoints on this topic –– READ MORE:

FOR SALE
PROPERTY PICTURED ABOVE SOLD FOR $2,965,000.
Great curb appeal – Interior Cosmetic Fixer 
CURRENTLY THERE ARE ONLY3 HOMES FOR SALE IN LITTLE HOLMBY!!

PROPERTY PHOTO
PROPERTY PHOTO

SALES PRICES SOUTH OF WILSHIRE ARE RISING!

In addition to all the new construction homes (over 20 currently being built) priced between 3 & 4 million, the neighborhood is undergoing change. Between Beverly Glen and Westwood Blvd, south of Wilshire prices are reaching over $2,000,000, to $2,300,000. It is not uncommon now to see multiple offers that are $100,000+ over asking.

MARKET CLIMATE MAP

Currently there are a total of 23 active listings in all of Westwood, with just 3 in Little Holmby!

Current Listing Information for Little Holmby: *click images to view larger*

Actives & UC

Current Listing Information for Westwood – South of Wilshire:

Actives & UC

Current Listing Information for Westwood Hills:

Actives & UC

WHAT TO EXPLORE
IN WESTWOOD & BRENTWOOD

TO DO IN WESTWOOD
TO DO IN WESTWOOD

TOCHAL MARKET – 1418 Westwood Blvd.
For many in the community, this is a regular stop. I love the Feta cheese in this market. Other favorites are Persian tea, yogurt with shallots or cucumbers, pomegranate vinegar, rosewater, and prepared Iranian foods like the rices shown.

TO DO IN WESTWOOD
TO DO IN WESTWOOD
TO DO IN WESTWOOD
TO DO IN WESTWOOD

SKYLIGHT GARDENS – 1139 Glendon Ave.
I was surprised to discover they have a great brunch at Skylight Gardens. The chef is very good and I look forward to going back again. Great to have a good brunch in the Village!
www.skylightgardens.com

WHAT TO DO IN WESTWOOD
TABAIMO – ARMAND HAMMER MUSEUM
Born in 1975, Tabaimo is part of Japan’s “lost generation,” who in their youth witnessed the decline following the country’s technological boom. Her work depicts what might exist beneath calm surfaces — her active imagination proposes a fantastic world full of activity that challenges our understanding of reality. Exhibit is open through December 3rd. LEARN MOREPRO TIP: CHECK OUT THE STAIRWELL AT THE HAMMER

What To Explore in Westwood

HALLOWEEN ACTIVITIES

Use this list as your go-to guide for a family-friendly Halloween in Los Angeles!
VIEW EVENTS

 MY FEATURED PROPERTIES

FOR LEASE
969 Hilgard Ave., Westwood

(With Views, Security, Pool, Gym)
2 BD | 2 BA | OFFERED AT $3,900/MO

Property Photo

FOR LEASE
1333 Beverly Glen, Westwood

2 BD | 2.5 BA | 2000+ SF | OFFERED AT $4,450/MO

(Unfurnished upper floor condo facing Century City w/mid-century feel, fireplace in living room, wonderful views, large terrace, 9ft ceilings, pool, valet parking, & concierge)

PROPERTY PHOTO

POCKET LISTING FOR SALE!
Wilshire Corridor

(With Views, Security, Pool, Gym)
1 BD | 2 BA | OFFERED AT $675,000

Property Photo

IN ESCROW
11657 Chenault St., Brentwood

(Modern condo minutes to restaurants/shopping with security, pool, & gym)
2 BD | 2 BA | OFFERED AT $1,195,000

IN ESCROW
10366 Wilkins #4

(Townhome with Rooftop Garden)
2 BD | 3 BA

SOLD!
*MULTIPLE OFFERS OVER ASKING PRICE.*
2800 Overland Ave., Westwood
3 BD | 2 BA

Property Photo

LEASED!
2002 Pelham Ave., Westwood
(represented tenant)
3 BD | 3 BA

Exclusive Listings

CLIENT NEEDS – OCTOBER

I have a client looking for a single-story home in Little Holmby, Westwood Hills, or Beverly Hills.I have several families looking for homes in Bel Air, Westwood Hills, Little Holmby, and South of Wilshire.

I also have a cash buyer for a unit on the Wilshire Corridor – seeking 2 bedrooms, minimum 1,500 SQFT, up to $1M.

GET YOUR HOME SOLD!
PLEASE CONTACT ME IF YOU ARE THINKING OF SELLING!!

Caron Schwartz

Caron Schwartz

310.383.0831 mobile
CalBRE# 00140316
[email protected]
www.caronschwartz.com

Being a resident of Little Holmby, I feel we are so fortunate to live in Westside Los Angeles where there is always a multitude of things to do. Stay tuned for more local updates and recommendations! If you are considering selling, buying, or leasing, I would love to speak with you further. Please contact me for all your real estate needs! 

Based on information from the Association of REALTORS®/Multiple Listing as of 3/27/17 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Copyright © 2017 Caron Schwartz, All rights reserved.
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Westwood-Little Holmby Real Estate Update-October 2017

Westwood Real Estate changing

Westwood Real Estate Changing

There are several sub neighborhoods within Westwood. There is Little Holmby,  Holmby Hills, West Hills, (Warner Ave Elementary)Comstock Hills  which is East of Beverly Glen. The area South of Wilshire between Beverly Glen and Veteran bordered by Santa Monica Blvd (Fairburn Elementary School). You have the neighborhood to the East of Westwood Blvd and Sepulveda. There are the homes South of Santa Monica Blvd to Pico which span E of Beverly Glen to Sepulveda. There are great schools that are the foundation of the community along with parks, restaurants, theaters, places of worship, shops etc. Westwood real estate is changing around Westood Charter Elementary and the homes that surround it are also where new home construction and remodeling are occuring.

With interest rates low there is a lot of new construction. To the North of Wilshire there is an ICO and Possible HPOZ (see previous articles I have written) To the South of Wilshire all around the Fairburn School district there are many new homes being built. There is no restriction to build new homes and remodel.Prices of tear down houses are around $1, 400,000.00 and they are being replaced or renovated with homes that are anywhere from 2 million to 5 million. Because the neighborhood is so central to all Los Angeles has to offer and the great schools there are families looking to move into the neighborhood embracing construction with all the latest finishes. Cesar stone counters, wide wood plank floors, walk in closets, kitchens with family rooms integrated and open floor plans opening to backyards for outdoor living are just a few of the features you will see in the newer homes. New homes often include screening rooms, large garages, top of the line materials, maximum use of space.

Westwood real estate is changing. There will continue to be more remodeling and construction . Demand is high in the area, interest rates are currently low for builders to get money to remodel and build new homes as the area to continues to meet demand.

Contact me for all your real estate needs. www.caronschwartz.com at 310 383-0831

New Construction Westwood

New Construction Westwood

New Homes for sale Westwood

New Homes for sale Westwood

IMG_5366

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new Construction Westwood

new Construction Westwood

New Construction lot

New Construction lot

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Westwood real estate is changing

Westwood real estate is changing

Westwood Real Estate

Westwood Real Estate

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Stop Adoption HPOZ Westwood Meeting

The Stop Adoption HPOZ Westwood Meeting was held June 30, 2016. This was the first meeting held in Westwood by a collective of Holmby Hills property owners who are against having a HPOZ enacted in Holmby Hills in Westwood or learning more about the proposals being made. Residents gathered who felt they had been misinformed, or not informed about the proposed adoption of a HPOZ for their neighborhood. The proposed Westwood Holmby Hills HPOZ will contain regulations specific to the neighborhood restricting building and remodeling within the community . In the future if you want to make changes to your home you would be subject to approval from the HPOZ. Some of the concerns brought up at the meeting are the possible restrictions ,color of your home, replacing windows, replacement of doors, tree’s and landscaping, room additions, 2nd story additions etc. With the proposed HPOZ you would not just go get a building permit, you would have to go through a process of approval through the city so that what you are doing will not go against the architectural history of the neighborhood. There are good reasons to retaining the character of a neighborhood and restrict overbuilding or building in bad taste but there are other ways to achieve this preservation IE: the BMO or baseline mansionization ordinance that is being reviewed and improved is being noted by those against the proposed HPOZ as sufficient way to help impose improvements and building restrictions . The committee against the HPOZ adoption feels it will be too restrictive and hard to ever undo and end. You can read more about all these points through some of the links attached to this article. I have written articles on the subject before. This meeting was the first public meeting held to Stop Adoption HPOZ Westwood. Click here to see a video of the meeting to learn more. Ben Reznik, Land use attorney spoke to the crowd of Westwood homeowners who had gathered to address the many questions neighbors had. There is a petition circulating against the HPOZ enactment and a committee e mail formed to get more information. ([email protected]) The current proposed HPOZ can be read here. These are all very important links to understand the proposed HPOZ and the issues against the proposed HPOZ — see all the details proposed here.  This evening, July 14,2016 is the first meeting to discuss the HPOZ draft at St Albans Church.  The Stop Adoption HPOZ Westwood Meeting group will be present to ask many questions. The pros and cons of preserving the historic value of a neighborhood versus the freedom to choose what you want to do will be discussed at the meeting and secondary meeting on July 21,2016. There are many previous articles I have posted on the subject. Whether an HPOZ will help or hinder property values in the area will continue to be discussed. Other neighborhoods including Bel Air, Brentwood, Venice etc are all experiencing similar issues as growth and development, and remodeling will continue to present issues of preservation. There are so many issue discussed in the posted links so don’t miss the opportunity to view videos and important links

Caron Schwartz is  realtor who works in Holmby Hills and Westwood and has written many posts about the area which includes the Wilshire Corridor and Bel Air. Homes for sale in Westwood are affected by these decisions that are being made. Bel Air Real Estate is facing all the issues of HPOZ and Baseline Mansionization Act. There is currently a IOC in these areas.(Interim Control Ordinance).

For more information contact Http://www.caronschwartz.comStop Adoption HPOZ Westwood Meeting

Contemporary home Holmby Hills

HPOZ Opposition