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Real estate news for Los Angeles, Southern California and beyond, including Hot Property (celebrity homes), home tours, and more.
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Tijuana condo craze continues in to 2018

13 hours 22 min ago

Tijuana continues to build vertically with more residential options in 2018 than last year.

There will be roughly 500 condos for sale this year.Many condos are under construction, likely to be completed over the next three years.Crime, currency woes and competition among builders has not slowed...

San Diego in midst of hotel building boom

Mon, 01/22/2018 - 11:05

In the span of a year, the number of hotel rooms under construction in San Diego County doubled, outpacing all other counties in Southern California.

New year-end figures released by Orange County-based Atlas Hospitality Group document a continued building boom up and down the state, with a record...

Get your credit score ready for the home-buying process

Sun, 01/21/2018 - 03:00

Dear Liz: What score do you need to be approved for a mortgage? Is 520 even close? If not, how do I get that score higher quickly?

Answer: A score of 520 on the usual 300-to-850 FICO scale is pretty bad. Theoretically, you might be able to get a mortgage if you can make a large down payment, but...

2017 was the year LeBron James doubled down in Brentwood

Fri, 01/19/2018 - 11:35

With its ritzy Westside homes and exclusive country clubs, Brentwood has always been a suburb dedicated to luxury. Today, new Hamptons-style mansions are replacing original developments, but its focus on upscale living remains unchanged.

In 2017, Brentwood recorded a little over 200 single-family...

San Diego slips to 32nd in builder interest: Planning groups at fault?

Fri, 01/19/2018 - 11:00

San Diego County slipped from 23rd to 32nd in a national ranking of developer and builder interest among 78 metro areas covered in the Urban Land Institute’s annual “Emerging Trends” report.

The top market was Seattle, followed by Austin, Texas; Salt Lake City, Utah; and Raleigh/Durham, N.C.San...

Apartments replacing an old Ikea in Burbank? Some see it as an answer to the housing crunch

Fri, 01/19/2018 - 07:00

The city of Burbank has been going through a growth spurt, adding more than 16,500 jobs from 2010 to 2016 as employers such as Warner Bros. Entertainment boosted payrolls.

But, like much of Southern California, the city’s housing supply hasn’t kept up. Burbank built only 294 homes during that period,...

Neighborhood Spotlight: Bell's advantageous location bumps its past scandal down a few pegs

Fri, 01/19/2018 - 05:45

In the 1800s, the king of Spain was in the habit of extravagantly rewarding the civil servants and soldiers who helped tend to his far-flung empire, providing eye-poppingly large land grants to generals and back-office non-commissioned officers alike.

So it was that Cpl. Don Antonio Maria Lugo,...

California had 77 of the country's 100 most expensive ZIP Codes for home sales last year, report says

Wed, 01/17/2018 - 09:25

A year-end report from real estate database PropertyShark has confirmed what every Angeleno already knows: California is a really expensive place to live.

The analysis, which surveyed the priciest ZIP Codes in the country based on median home sales prices, found that California holds 77 of the...

Four $24-million-and-up home sales capped off L.A.'s luxury market in December

Fri, 01/12/2018 - 06:30

A flurry of sales of $24 million or more capped off another year of high-end real estate transactions in Los Angeles County. Among December’s biggest deals was the onetime home of a noted filmmaker, a newly built spec mansion and an ocean-view estate bought by one of TV’s biggest competition judges.

...

That sky-high asking price for a luxury home? Don't take it to the bank

Fri, 01/12/2018 - 06:00

There is a rule of thumb among real estate agents that if a property is priced fairly, it should sell in about a month and within 5% of the asking price.

It rarely works out that way at the high end.

A median-priced home in Los Angeles County does indeed sell at or above the asking price within...

At $24.5 million, Angelina Jolie's big splash was Los Feliz's top home sale last year

Thu, 01/11/2018 - 11:45

The scenic hillsides of Los Feliz come from shaky beginnings, but since then, the neighborhood’s allure has grown.

Home buyers love the views of Griffith Park, architects love the challenges presented by the rugged lots and Los Feliz has grown into a hot spot filled with luxury mansions and architectural...

Downtown L.A.'s development boom heads west with a big new housing and retail complex

Thu, 01/11/2018 - 07:00

A large-scale residential and hotel complex will be proposed for the former headquarters campus of the Metropolitan Water District on Sunset Boulevard as Los Angeles’ development boom expands into blocks just northwest of downtown.

The $600-million project, called 1111 Sunset, would include high-rise...

Purplebricks, flat fee real estate listers, launch in San Diego

Mon, 01/08/2018 - 16:00

A British real estate company Monday launched a flat fee home listing service in San Diego County, charging sellers $3,200 to list a home.

The cost is likely cheaper for most sellers who are used to a 2.5 percent listing fee, so the offer could save sellers hundreds of dollars in commission costs.

...

Above-asking deals highlight Silver Lake's top home sales of 2017

Sun, 01/07/2018 - 09:00

A neighborhood popularized by its easy access to public transportation in the early 1900s, Silver Lake has found new ways to court residents over the years.

Plenty of chic midcentury homes designed by the greats — John Lautner, Richard Neutra, etc. — dot the neighborhood’s hilly landscape, but...

These were the five most expensive homes sold in Glendale last year

Sun, 01/07/2018 - 07:00

Home to the second-largest Armenian population in the world, Glendale has come a long way since its 150-acre inception in 1884. Today, its streets are lined with everything from Mediterranean-style homes to Spanish Colonials.

Last year there were 15 single-family home sales of $2 million or more...

'Malcolm in the Middle' star Frankie Muniz bids adieu to desert hacienda

Sat, 01/06/2018 - 06:00

Actor, race car driver and recent “Dancing With the Stars” contestant Frankie Muniz has sold his home in Phoenix for $3.2 million.

Muniz, 32, made his first appearance in Hot Property more than a decade ago, when he listed one of his Westside homes at the age of 18. In recent years, however, he’s...

Sale of Smokey Robinson's former estate was Encino's chart-topper of 2017

Thu, 01/04/2018 - 14:30

Encino – Spanish for “oak” – found its name after Spanish soldier Gaspar de Portola sat his donkey near a 700-year-old oak tree that now sits at the heart of the San Fernando Valley community. Hollywood began using the ranch land for filming locations in the 1920s, and now, tear-downs and new construction...

Waterfront homes in Long Beach's Naples Island brought in big bucks in 2017

Thu, 01/04/2018 - 10:05

Settled in 1784 by Spanish soldier Manuel Nieto as part of a land grant, Long Beach has since grown into the 39th most populated city in the U.S.

The Port of Long Beach is the second busiest container port in the country, and the city offers a variety of luxury homes on the water.

In 2017, the...

Most expensive homes to sell in 2017

Thu, 01/04/2018 - 06:00

La Jolla and Rancho Santa Fe continued to be the place for the most expensive home sales in San Diego County in 2017.

The most expensive house to sell in the county was a beach front property in La Jolla for $12 million.

Built in 1993, 6106 Camino de la Costa features panoramic ocean views and...

Newly built contemporary was Hermosa Beach's high-water sale of 2017

Wed, 01/03/2018 - 13:45

Hermosa Beach has worn many hats during the last century. What started out as a small downtown area to serve residents of five permanent homes in 1903 eventually evolved into a full-fledged beach town, becoming a hot spot for jazz and surfing along the way.

Modern homes now line the boardwalk area...