Earlier this year, an untouched mid-century modern house designed by Gilbert Leong--with killer views and an unfortunate proximity to the 5--hit the market for the first time ever and sold in just a couple months for $985,000. Turns out the buyer is a developer who plans to put up five little single-family houses on the site under the city's small lot subdivision ordinance (which allows multiple single-family houses on one lot). Eastsider LA reported back in September that the plans call for three-story houses between 1,700 and 1,950 feet, each with two bathrooms, a two-car garage, and rooftop terrace. Right away the neighbors began to fret--the Waverly Terrace Homeowners Association "announced they had passed a resolution opposing the development," and one neighbor complained it would "block her 'panoramic' view of the hills and Downtown, thereby hurting her property values."
But in one of those uniquely LA cases, the NIMBYs have actually stumbled on a worthy cause and are now fighting for the preservation of the Leong house--they hired a land-use consultant to take the matter to the city's Cultural Heritage Commission, which has agreed to consider the property for landmark status (which would make it harder to tear down, but probably not impossible). If the new development somehow does move ahead, units should ask between $700,000 and $900,000.
· Silver Lake neighbors launch counter-attack against small-lot development [Eastsider LA]
· Gilbert Leong Modern in Silver Lake For Sale For First Time [Curbed LA]