Welcome to Curbed Comparisons, where we explore what you can rent or buy for a certain dollar amount in various LA ’hoods. We’ve found five homes and condos within about $15,000 of today’s price: $1.485 million.
Topanga
Here’s a pastoral retreat with sweeping canyon views. The cozy 1950s ranch house has three bedrooms and two bathrooms. The interior living spaces feature wide redwood planked walls and beamed ceilings, a brick fireplace, and large glass sliding doors that open to a deck “overlooking a huge yard with lush gardens and room for horses.” Downstairs, there’s an additional one bedroom and one bathroom. Plus, the nearly half-acre property holds a studio and workshop or garage. The asking price is $1.475 million.
Playa del Rey
Strolling distance to the beach, this Traditional-style residence built in 1954 has been upgraded and is equipped with hardwood floors, a new roof, recessed lighting, an open kitchen with stone countertops and stainless steel appliances, and contemporary bathrooms (there are two). The living room features tall, beamed ceilings and a fireplace. Coming in at 1,279 square feet, the house holds three bedrooms and sits on a 5,168-square-foot lot with a wood deck, built-in covered barbecue, and fire pit. The price tag is $1.489 million.
Outpost Estates
This elegant three-bedroom, two-bathroom home is a Spanish-style charmer, featuring a step-down living room with a bay window, tiled fireplace, wrought iron scones, and tray ceilings. Throughout the 1,629-square-foot home, other 1940s-era details include arched entryways and pastel tiled bathrooms. Sited on a 10,041-square-foot lot off Mulholland Drive, the outdoor spaces include “Moroccan inspired terraces, meandering pathways, patios, and a lovely water feature.” It’s listed at $1.498 million.
Los Feliz
Off Hyperion Avenue, this sunny four-bedroom, two-bathroom hilltop home has been owned by the same family for more than six decades. Built in 1939, the two-story residence has an open floor plan on the main level, with a handsome kitchen that appears to be in mostly original condition. Off the dining area, sliding doors open to a deck with views of the hills. Below that, there’s a lawn “ideal for a vegetable garden, playground or pool.” The home clocks in at 1,954 square feet and is listed at $1.489 million.
Mt. Washington
Here’s another hilltop property with killer vistas, and in addition to multiple decks and patios, this one comes with a pool. The gated compound includes a three-bedroom, two-bathroom main house built in 1924. Features include ebony wood floors, an abundance of windows, and an open floor plan with a contemporary kitchen. Elsewhere on the .61-acre property, which is populated with mature trees, succulents, and native plants, there’s a pool hut and a detached two-story guest house with one bedroom and one bathroom. It’s listed at $1.499 million.
Comments
Only in CurbedLA Bizarro World does $1.485 million equate to $1.4 million.
Everywhere else in the world, any amount over $1.45 would round up up to $1.5 million.
By BingoWest on 03.31.20 11:13am
Absolutely NONE of these, lol
By mrjim1 on 03.31.20 11:42am
hmmmm, i see all the open houses around here cancelled. are RE agents even showing houses?
By cicinla on 03.31.20 6:29pm
Of course not. But if you ask them how things are going they’ll say that they are getting $10 million offers left and right!
By nated111 on 03.31.20 8:39pm
Did a real estate agent hurt you as a child?
By mrjim1 on 04.01.20 1:15am
I have to wonder if any of these will actually sell during the Covid crisis, and once they do, if the purchase prices will be anywhere near the asking prices, or far less? In our Silver Lake neighborhood, several real estate deals fell out of escrow as soon as the economy locked down. That doesn’t bode well for anyone attempting to sell a house in this environment.
By AngelusLiving on 03.31.20 11:34am
Who should responsibly be able to buy a home for $1.5 million? A family that makes more than $300,000 with $1 million in the bank, in case of income disruption.
Who actually purchased these overpriced homes during the last few years? People with barely enough savings for the down payment and barely enough income to match the mortgage and monthly expenses. It was the height of bidding war hysteria and irresponsibility.
By nated111 on 03.31.20 11:44am
Mt. Washington, There’s a lot going on there for the money, but like AngelusLiving said, where real estate goes at this point is anyone’s guess
If you can afford a 1.5 million dollar house, great, but very soon you may have a larger choice for your money
By mrjim1 on 03.31.20 11:39am
Real estate agents lie lie lie about how great the market is. Every time one of them is quoted it’s "I’ve got 10 offers today on $2 million a fixer upper!" I was following 8 homes in west la that went into escrow prior to the recession and 6 have pulled their offer already.
By nated111 on 03.31.20 12:43pm
No profession has lied to me more than real estate agents. At the extreme was when I lived in a foreign country and looked at buying a place. I think they give out a trophy for who ripped off a gringo the most.
By Esmjb on 03.31.20 4:11pm
I have watched this house come on the market, get taken off the market, and occasionally sell, for years! I think it must be cursed. But I love it, too!
By mizzmad on 03.31.20 7:29pm
These outrageous prices are finished. Nobody in a recession with 10%+ unemployment will pay $1.5 million for a 70 year old house in a blue collar neighborhood. The 2017-20 era of LA real estate price hysteria is over.
By nated111 on 03.31.20 11:42am
Try 30% +
This will be a popular google search in the times to come
https://www.rpcpropertytax.com/archives/proposition-8-california-property-tax/
By BarrioLA on 03.31.20 12:34pm
What’s going to happen when the Air BnB superhosts mass default?
They’ve got a few months maximum, to offload those debt obligations onto long term tenants, and or, firesell them off their books
Foreclosures to come, all over the County – in particular, those illegal hotels luxury apartment complexes in Venice and Hollywood are f u c k e d
By BarrioLA on 03.31.20 1:18pm
Agree. This is just one segment. How about the hospitality and tourism industries, which are large in LA, and largely out of business? Then the employees of these businesses who spent their entire savings on an overpriced home because they were convinced by con artist real estate agents that $1.5 million for a 100 year old house in a blue collar neighborhood is a good investment.
By nated111 on 03.31.20 2:48pm
The County and Cities will be making some hard choices when that Property Tax bomb goes off and revenues take a sharp dive – What gets cut: Police? Fire service? Schools? Vector control? Stormwater management?
The implications are myriad and look bleak af
By BarrioLA on 03.31.20 3:23pm
Topanga and Mt. Washington.
By Topaz113 on 03.31.20 10:08pm