Following yesterday's look at architect Lorcan O'Herlihy WA Lofts in Hollywood, gaze upon the firm's Formosa 1140 project. The last time we checked, it looked like the 11-unit development was close to completion, and lo and behold, it's just about done. The scaffolding is gone and the condos (each two stories and approximately 1,400 square feet except for one four-story unit) are about to go on the market. Developer Richard Loring and his Habitat Group have also included a 4,600 square foot pocket park on this project, adjacent to the condos. No word yet if pricing for O'Herlihy's crimson condos will come close to his chartreuse structure further west.
· Construction Watch: Weho's Habitat on Formosa [Curbed LA]
One of our regular readers is trying to help a friend exploit the foreclosure marketplace, but in this case, for commercial properties: "A gentleman caller of mine is trying to think of ways to check out any commercial buildings that may be in foreclosure besides just driving around looking for signs or going through the paper. He said that brokers don't really help since the foreclosure market is obviously not their playground. What would you suggest? I told him I didn't think that there would be many commercial buildings that are going into foreclosure, but then I thought about it and I suppose it really only makes sense that there would be a bunch. Can you help? I think a building like [the one pictured] is the kind of thing he had in mind. I don't know how to help him."
· Ask Curbed: Why Does Real Estate Hurt My Brain? [Curbed LA]
Cher's understated Italian Renaissance-style Malibu villa is up for grabs, reports the Wall Street Journal's Christina S.N. Lewis. Built in 1992, the mansion is three stories, overlooks the Pacific, and takes up 1.7 acres of prime 'Bu real estate. For a small country's gross national product, you get six bedrooms, seven bathrooms, a theater, a gym, multiple verandas, a tennis court, a pool, and a guest house. Cher still has a condo in LA, but she's currently in Vegas, belting out the hits. True to her gypsy roots, Cher never settles down.
· Cher asks $45 Million for Malibu Estate [Wall Street Journal]
This house has popped back up on the MLS, after two previous price reductions. Sneaky broker, you thought we wouldn't notice. This four-bedroom, three and half-bath house was selling last December for $1.25 million after undergoing a $100,000 price drop. Newly relisted, the 1924 storybook house features "magical gardens w/great entertainment areas on large verdant street-to-street lot. Magnificent mature oak trees, dramatic public rooms on top street level, 3 sunny bedrooms mid-level & an independent guest apt. beneath." If the garden doesn't include a rose bush, a crippled child and a gardener named Ben Weatherstaff, we're going to be disappointed. Asking price: $1.2 million.
· 3072 Belden Dr Los Angeles, CA 90068 [Redfin]
About three months ago, Elaine Sewell Jones, the widow of architect A. Quincy Jones, put their famous residence at 10300 Santa Monica Blvd on the market. More about the home, which they purchased in 1965 and which served as his office, via the listing: "Modernist redesign of a New England barn by renowned architect A. Quincy Jones, FAIA, as his residence/home studio. Fabulous space, light, rich redwood paneling, extensive cabinetry." We'll take three, thank you very much. At 3,729 square feet, it's listed at $2.995 million.
· 10300 SANTA MONICA Blvd [Redfin]
Each week ListingsWire mentions notable movements on the MLS: New listings, price chops, flips, and more. Spy movement? Email us.
HANCOCK PARK: It's not every day that a six bedroom, 8,2000-square-foot French Chateau hits the market, so let's go take a tour of this puppy. "Premier 1927 French Chateau designed by Webber, Staunton & Spaulding & featured in Architectural Digest at the time." 1927! It's $8.995 million. Yes, please. [Redfin]
DOWNTOWN: New construction priced in the $300,000s is now happening: This 920-square-foot unit in downtown building Vero on Wilshire hit the market on April 22nd priced at $449,000. It was mentioned once before in this column and is now down to $399,000. [Redfin]
EAGLE ROCK: The bitch about living in the hills of the Eastside is the topography doesn't always allow for pools. So anyone wanting to live in Eagle Rock and also wanting a pool is going to want to look at this three-bedroom on Ridgeview listed at $849,000. [Redfin]
We kid, it's not really a tool shed -- it just looks like one. This newly constructed 2-bedroom, 2-bath in Culver City just hit the MLS and quite frankly, we're a bit baffled. Why would anyone build something with so few windows? Why is the architect so afraid to let in light? From the listing: "Beautiful kitchen with stainless steel appliances, granite counter tops & lots of cabinets. Gorgeous bathrooms, central heating/AC, copper plumbing, new electrical & much more. It's a low maintenance property,professionally landscaped, gated and private." Listing price: $699,000.
· 5420 Inglewood Blvd Culver City, CA 90230 [Redfin]
· 5420 Inglewood Blvd Culver City, CA 90230 [Official Site]
We almost posted this one as a "New To Market" feature and thought we could give the hideousness a pass. After all, to quote our high school latin teacher, de gustibus non est disputandum (there's no accounting for taste). But then we came to the kitchen in this newly constructed 6-bedroom, 9-bath estate in Beverly Hills and realized there was absolutely no way one could remain silent on the topic of faux-stone, decoratively carved oven hoods. This house is the perfect storm of fug: bad trompe l'oeil, fake mouldings, too much marble (real or faux), wrought iron and elaborate (but new) fireplaces. We even hate the bar. And we never hate the bar.
You don't often see the words "architectural masterpiece" and "Cheviot Hills" in the same sentence (at least not for contemporary architecture) but one fearless agent isn't afraid to go there. This 5-bedroom, 4.5-bath house overlooking the Rancho Park golf course features "an open floor plan that maximizes space, volume and views from every room. Gourmet island kitchen, exquisite master suite with huge covered patio, polished cement floors, exposed steel beams, bonus room, flat back yard with room for a pool." But not pool yet. But enjoy that golf course view! It's Orange County living in the heart of Century City, with the added bonus of the Nakatomi Building in the sight line. (Fox Plaza will always be the Nakatomi to us. Always.) Listing price: $2,649,000.
· 2535 Patricia Ave Los Angeles, CA 90064 [Redfin]
How much is a pile of wood worth these days? Especially in Highland Park? Consider this home a blank canvas, just waiting for your design genius and drywall. Or, if you prefer, given its location, just throw a couple of bars on the window and voila! you're done. Just make sure there are no big bad wolves around, because we're pretty sure if one huffs and puffs, he can blow this house down. Via the listing: "Bank owned!This house is incomplete and in a good area of Los Angeles. Repaired value is in the mid $400,000's and we are currently priced under $300,000all the hard work has been done!"Listing price: $296,000.
· 3511 N Arroyo Seco Los Angeles, CA 90065 [Redfin]
Why buy one overpriced condo in downtown, when you can buy 16 units in an architecturally significant building designed by Rudolph Schindler? The Sachs Apartments, also known as Manola Court, is for sale for the first time since 1959. From the listing: "like an ancient European hill town, Schindler steps the buildings up the hillside, and creates a sense of community by interconnecting living space with garden walkways. The unique character of the individual units is unified and tied together with extended window fascia, and abstract ornamentation that organizes the massing of the spaces, as well as accentuating the dynamic vertical thrust of the buildings. International recognition of this low density garden complex strengthens eligibility for possible historic monument designation." We're sort of surprised it's not already a historic monument. Asking price: $3 million. 1807 Edgecliffe Drive, Los Angeles, CA 90026 [Architectureforsale.com]
We really, really want to live here. Yup, it's a jewel box of a post & beam in the Oaks, off of Bronson Canyon, which means you could actually WALK to Gelson's, The Bourgeois Pig, and catch Patton Oswalt at UCB Theater. If anyone actually walked in Bronson Canyon. This 1957 2-bedroom, 2-bath house features "living area and decks [with] head on views of the evening lights over Hollywood and beyond. The home sits on a large lot offering expansion opportunities." But please don't. It's perfect just as it is. And (relatively) affordable. Its last sale price in 2004 was $715,000. Today's asking price: $799,000. That's a drastic change from the list price printed in the Spring 2007 Beachwood Voice, asking for $989,000. Glad to see the owner has put down the crack pipe.
· 5614 Tuxedo Ter Los Angeles, CA 90068 [Redfin]
We admit it, we're suckers for arched doorways and windows, mosaic tiles (of dolphins!), stained glass windows and a kitchen full of Wolf and Sub-Zero appliances. If we had a kitchen like that, we may not have to use our oven as extra storage. This newly listed 1920's 4-bedroom, 4-bath in Whitley Heights features "Spacious living room w/vaulted ceiling, fireplace & arched windows....Two plush grassy yards and separate guest/maids quarters." Not to mention some kickass views from the decks. But that guest house looks like it can use a little updating. List price: $1.55 million.
· 2002 N Las Palmas Ave Los Angeles, CA 90068 [Redfin]
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