Results for “sherman oaks”

To #13, the northern boundary of Sherman Oaks was Magnolia, not Chandler. I lived just south of Burbank Blvd. and when I bought my house, it was in Van Nuys and when I sold it, it was in Sherman Oaks. Yes, to some, both are the city of Los Angeles, but so are Brentwood, West Los Angeles and Mar Vista, so neighborhoods do need further identification, if no other than to establish an identity.
However, there was precedent for that expansion of territory, as the boundary originally was at Burbank Blvd., and it was just being restored. This annexation/robbery is purely for economic reasoning, and deserves to be defeated.

I always just thought of it as "that part of Van Nuys next to Sherman Oaks". Although zoned to Kester Elementary (who knows how long that’ll last).

@SecretAgent:

I seem to remember that happening about the mid-1980s. Sherman Oaks used to end at Chandler, with everything north of there being Van Nuys. I guess the homeowners — in some actually very nice houses — just north of Chandler lobbied to have the border moved to Burbank Boulevard.

A guy wrote a really funny article in the Toluca Lake newspaper several years ago about how all kinds of neighborhoods in North Hollywood were getting changed to "Toluca (Something)" to up their property values.

He remarked tongue-in-cheek that every part of the San Feranando Valley should just be re-named with Toluca in the title. "Toluca Forest"; "Toluca Glen"; "Toluca Oaks"; "Toluca Ridge"; "Toluca Meadows" and so on.

I’ve been unemployed for 5 months and am in the Sherman Oaks area, At least you can walk to the bank, shops, grocery stores, etc though it can get hot in the summer months. Where are job netwrok groups?. I cannot believe the lack of job support groups, etc in the LA area given the population and the number of unemployed professionals. And I’m not talking about job coaches charging fees for everything.

#13: thanks for the update calarch, i forgot they changed names. same concept though.

#19: actually, home depot is well regarded for their employment practices. it’s a decent career, not at all like a wal-mart job.

#20: that would be awesome. i hate having to drive to monrovia or alhambra for hardware. true value on fair oaks just above the 210 is the best, but they keep school hours, or so it seems, hard for me to get there before 7pm, or 5pm on weekends. osh is convenient, but doesn’t have great quality hardware, in my opinion.

well, using my fuzzy memory here, hollywood and highland cost about $600 million to build, then trizec sold it for about $230 million or so. so it didn’t work for them. trizec at the same time was building the plaza pasadena at a cost of about $200 million, and they might have broken even when they later sold it to ddr, which is not the objective when you risk $200 million. the guy who managed these two projects was later marketing himself as a "mixed-use" design guru, which i thought was funny.

the new retail in koreatown might work out, because culturally asians (certainly those in japan, taiwan, hong kong and china — not sure about south korea) are more used to shopping in that kind of urban retail environment.

there is a three story specialty center in brentwood on san vicente that used to work ok, but i haven’t seen it lately. also, another similar one on ventura blvd. in the sherman oaks area. they work primarily because they place destinations (restaurants, hair salons, doctors) at the top levels and the more impulse retailers on the ground level.

the circulation at 8000 sunset is so screwed up because they wanted to force the shopper to walk by non-destination retail on the way up to the theater. interestingly, this concept works pretty well for the vertical mall on market st. in s.f. (like 6-7 levels) where they force you to use the central circular transport to get up to nordstrom, thereby browsing all the shops on the way up and down.

I think you could probably get more than 950-1000 a month. I assumed 1,300 to get to $50K NOI. I was looking at a Class B in Sherman Oaks today. The property is just north of the 101 and its rent for 1 bedrooms commences at $1,500.

Here’s a home price that should scare the neighborhood…

http://www.redfin.com/CA/SHERMAN-OAKS/13850-VALLEY-VISTA-Blvd-91423/home/4859583

Here’s the sales history…

Oct 24, 2008 Listed $684,900
Jan 11, 2008 Sold $1,096,500 -16.3%/yr
Jan 26, 2007 Sold $1,300,000 33.6%/yr
Nov 10, 2004 Sold $685,000

It looks like the bank bought it back for over $1million and is taking the (potential, based on what it actually sells for) loss by rolling it back to its ‘04 price. It’s currently priced about $250,000 below neighborhood comps, based on their $555/square foot average sales price.

There will slowly be more and more of these, and they will put more and more pressure on the rest of the home prices in their neighborhoods.

It’s called a downward spiral…

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@bzcat:
Sorry to say, there will be no SFV-LAX subway line.
The Prop R "Sepulveda Pass project" has already been deemed a bus route, extending the Orange Line, by Brad Sherman.

We can’t even get a bus lane on Sepulveda (thanks, Westchester Nimbys!).