Results for “sherman oaks”

Any place like this one near Sherman Way & Coldwater Canyon will never sell these days for over $500,000 as you can still buy Valley Village in that range – this price is waaaay far off.

World Wide Rush and the Sherman Oaks Galleria’s "who me?" attitude is despicable. "We don’t know what happened," Defevere said. "We think someone did it by mistake."

Really? How many legit midnight landscapers are there? I just wish the local government had some teeth.

@guest (#2): For 400K less one could by that retro 60’s-70’s swinger pad in the Oaks and not have to deal with the five-day-a-week pounding traffic and noxious exhaust fumes.

Pass.

Ok, old news, but I finally saw the house at the Conservancy event this weekend.

I’m a HUGE booster of premiums for architectural gems, but this one is priced WAY off base.

First, wrong side of the Hill, and way too close to the Glendale freeway. Freeway noise, partial views of industrial waste (remember, some things don’t change, Mr. Howe was called "King of the Hoboes" as he invited the Bums up from the railway lot to crash at the house/on the land). Yo have to walk OVER the hill to get to the good stuff. It’s BARELY Silver Lake.

Now the house: cost is no object restoration (except the kitchen – correct, but weak, mid-level appliances for the most expensive house on the east side???), but it’s WAY flawed for modern living. The top, common, floor is stunning. Only issue is no bath or powder. Another owner installed a small one in the office closet and the current owner left it. Still not off public space or right off the dining/living. Bottom, private, floor. Two baths, four bedrooms, none of the baths en suite (I know, I know, not done in the 20s). Each two sets of bedrooms have a jack and jill CLOSETS (not baths) and they are not big enough to do so (that WAS common in the 20s, the jack and jill bath). The bedrooms are TINY. Not good for living. The "study" on that level is a closet-sized space, so much so that Mr’s How hated it.

I’d say – at BEST – @2.5 million, meaning it needs to come down by 50%. $1,000 a sq/ft is giving it A LOT of premium for it’s history and it’s hood. A couple other houses is SL have managed to get there 3 years ago, but they were on better streets, had better views, and the market was stronger.

Hell, you could have bought the bigger Gretta Grossman house in the 90210 "Crest" streets for less money – $3.8 million to Springsteen’s drummer this month. The one in the LA Times.

$5 million could have bought you the bigger, bad-ASS Lautner Wolf House on Hedges in 90069, up the road from Rick Rubin.

It doesn’t price out by any math and I’m hardly the "sky is falling" guy here.

I’ve support the market AND the architectural premium.

Same guy sold the Schindler house in Dixie Canyon for $1.4 million and to anyone that’s "prime" Sherman Oaks and better than this hood (higher comps, higher median price, better schools, richer neighbors). Hell, his house in Brentwood is listed for less.

BTW, foreclosures and short sales are now considerably up in nicer areas of the Valley (e.g. Sherman Oaks and even south of the Boulevard). So, foreclosures started in the IE, spread to outlying areas of the Valley, have moved to nicer areas of the Valley (closer to the westside). What area do you think will be hit next??

The valley is looking better in the future, between Valley Plaza, Laurel Canyon development, and a redone Westfield Sherman Oaks… I know most of the curbed following look down on the valley, but there are some major developments going on around mass transit (Orange Line, Red Line), and I think there should be more attention payed to it.

@Ankur: Hi Ankur. In all fairness I’m guessing this home went through a half mil in renovations since 2001. That being said it’s priced right to sit but it’s not priced to sell. I’ve noticed in the past month quite a few properties being listed at more aggressive price points. 1.5m is becoming a crowded Studio City and Sherman Oaks level.

Expo should go to venice and purple should go to santa monica. THEN connect them with the N/S line from sherman oaks to the airport.

However they obviously aren’t going to do that so they should make one of the stops ready to be a transfer station to the purple or the expo.

The witz is right about how they make decisions in LA. It is always what is the most politically feasible way, not where do people actually walk.

For those not knowledgable of the Oaks neighborhood, it is one of LA’s premier neighborhoods that no one knows of, unless of course you happen to live there, or are a regular at curbedLA.
Brad Pitt lived there, as do/did others in the biz.
You can see many of them at Victor’s Restaurant on Bronson at Franklin for breakfast on weekends. There is no coincidence to the location of the Scientology Celebrity Center at that same intersection.
Love the house, though.

@guest (#31):

You’re so great at making up stuff and mangling facts that you should write science fiction.

As late as 1982, IH filed its Master Plan with the City showing no intention at all to do any development on Saint Andrews. Its plans called for a parking structure along Western Avenue.

Prior to that, IHHS was connected to IH College which went BK due to gross mismanagement. Considering the vast acreage connected to the College, the older home owners would have no reason to suspect that IH would decades later attack them. Since you seem to believe that buyers should possess some psychic ability to know what the school would do in the future, I guess they should have foreseen the bankruptcy due to incompetence. Where were you when the College was disintegrating? We tried to forestall their folly, but IH College was deaf to everyone — not too much different from what we see today.

If IH wanted to expand westerly, it could have purchased all the land to its west in 1903. IH intentionally stopped its land purchases where it did and no one to the west had any reason to suspect that decades later IH would launch its slow amoeba-like blitzkreig on its neighbors. You might know more about the history of this area if you had attended LFIA’s annual meeting and heard Donald Seligman’s excellent presentation.

The party who is charged with knowledge is the School. It knew the property was R1-1 when it purchased it a decade ago and it also knew that the entire street opposed any non-R1-1 use.

Perhaps, you do not like LFIA, HUNC, Eastwood, The Oaks, H.E.L.P., and the Canyon-Western HPOZ, but that does not change the fact that each organization covers this specific property.

As we have seen on the national level, some elected officials and their cohorts are all too ready to sell their offices. Laura Chick has warned us that LA is becoming like Chicago. You can make up facts and twist and distort all you want, but Angelenos may very well ferret out the "Gov Blago’s" whether they’re department officials, councilmen, or flunkeys.