Los Angeles Home for Sale – Hidden Craftsmam Gem

Where in the world is Garvanza?

— There was a time you wouldn’t have needed to ask. In the early 1900’s, Garvanza was a noted bohemian artists’ colony and the heart of the Arts and Crafts movement in Los Angeles, together with Pas and South Pas. Today, it’s a beautiful enclave of period jewels in Highland Park — a designated Historic Preservation Overlay Zone that’s home to over fifty Historic-Cultural Monuments. And right now, one of its most lovingly cherished homes is for sale.

Treasured by just three owners in over 100 years, this private, gated 1910 Craftsman set on a knoll fully retains the vision of its architects, Train & Williams (they designed not only a slew of noted Craftsman residences, but the 20th-century version of the Angels Flight funicular). Every inch of Jennipher Black Hollywood Hills Realtor this four-bedroom, one-and-a-half-bath gem has been meticulously and sensitively updated and restored, from original cedar siding, Arroyo river rock and a new roof with rolled edging and built-in gutters to plaster, windows, wainscoting, built-ins, pocket doors, Douglas fir and oak flooring, replated original hardware and 36 restored original screens. (Can any LA Craftsman claim that? Gamble House, maybe.) All HVAC and copper plumbing systems are new.

Up a vine-trellised path through the verdant front yard, you step from a formal entry to a dream living room with a fireplace with original Craftsman tile surround, screen and log grate. The formal dining room opens to the patio, and there’s a spacious downstairs office/library. New stainless steel Viking appliances feel right at home in the sensitively updated kitchen, overlooking manicured greenery. Upstairs, the serene master retreat includes a walk-in closet and a sleeping porch (now a seating area) with wraparound hillside views. Three more upstairs bedrooms reveal remarkably generous closet space and plenty of extra storage. A full basement delivers more.
Magically lit at night, the totally new landscape and hardscape includes a wide variety of fruit trees. The approximately 13,504 square foot lot, zoned R2, could accommodate a pool/guest house/studio expansion.
If you’ve ever dreamed of curating a masterpiece, your chance has arrived.

 
Property represented by Jennipher Black
Find property details and more photos here.

reference: aaroe.com

tags:332 ave 66, garvanza, jennipher black, sunset strip office

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The New Malibu Wine Tastemakers

Malibu Living - Real Estate

 

Yes, Malibu. The grapes for our wines are grown not on the famous beach, playground to the stars and surfers’ Mecca, but in a scenic valley four miles inland and 1400 feet above the coastal fog. In 1987 Los Angeles businessman George Rosenthal began planting vineyards at his 250 acre Malibu retreat, but only after he spent two years carefully checking soil composition, drainage, and weather conditions to make sure he planted the correct varietals in the most ideal locations on his property. The work proved worthwhile and Malibu Newton Canyon is now recognized as its own distinct AVA (American Viticultural Area) or appellation. Thirty-two acres of hillside vines are now planted in this unique microclimate, where cool evening breezes temper warm, sunny days.

It’s an intense undertaking that requires a labor of love. The slopes are steep and everything from canopy management to harvest has to be attended to by hand. The wines are then aged in French oak barrels under the watchful eye of winemaker Christian Roguenant who strives to bring out their unique character. The reds are vinified with limited intervention to highlight terroir and the Chardonnay is made in a Burgundian style yielding a lightly oaked, crisp wine that complements a wide array of foods.

We invite you to enjoy a bottle at your table and taste the flavors of Malibu for yourself.

Malibu Living - ReaL Estate Jennipher  Black

 

 

Protecting Families with Smoke Detectors

“This week, together with Council President Herb Wesson and Council member Joe Buscaino, I submitted directing staff to look into conducting annual inspections of apartments, condominiums and other multi-family residences. The motion also asks staff to look into requiring carbon-monoxide monitors in all homes in Los Angeles, and to team with the U.S. Fire Administration, National Fire Protection Association, firefighters’ union and fire chiefs association to create a free giveaway program for smoke alarms, carbon-monoxide detectors and batteries.

In the first 29 days of this year, there have been seven deaths in the City of Los Angeles due to either lack of or improperly working smoke alarms. According to the National Fire Protection Association, almost two-thirds of home fire deaths resulted from fires in properties without working smoke alarms. A working smoke alarm significantly increases your chances of surviving a deadly home fire.

A properly installed and maintained smoke alarm is the only thing in your home that can alert someone and their family to a fire 24 hours a day, seven days a week. Whether you are awake or sleeping, a working smoke alarm is constantly on alert, scanning the air for fire and smoke.”

Los Angeles City Counsilmember – Mitch Englander 

 

California home sales lose momentum in February as housing supply continues to loosen

LOS ANGELES (March 17) – California home sales fell in February, but housing inventory increased as sellers gear up for the spring home-buying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported. 

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 361,210 units in February, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.  February marked the fourth straight month that sales were below the 400,000 level and the seventh straight decline on a year-over-year basis.  Sales in February slipped 0.7 percent from a revised 363,930 in January but were down 13.7 percent from a revised 418,520 in February 2013.  The statewide sales figure represents what would be the total number of homes sold during 2014 if sales maintained the February pace throughout the year.  It is adjusted to account for seasonal factors that typically influence home sales.

“The slower sales in February reflects diminished housing affordability after three years of solid price increases and interest rates that are nearly a full percentage point higher than a year ago,” said C.A.R. President Kevin Brown.  “With the interest rate difference alone, home buyers this year would have to pay $150 more per month on their mortgage payment than last year, a substantial amount for many would-be home buyers trying to get into the market.”Jennipher Black Realtor

The statewide median price of an existing, single-family detached home declined 1.6 percent from January’s median price of $410,990 to $404,250 in February.  February’s price was 21.3 percent higher than the revised $333,180 recorded in February 2013, marking two full years of consecutive year-over-year price increases and the 20th straight month of double-digit annual gains, as sales of higher priced homes made up a larger share of the market compared to a year ago.  The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.

“Supply conditions in the housing market have shown some improvement since the end of last year, except for the lowest price range where the inventory for distressed properties is depleted.  In the mid-priced range of $300,000-$750,000, which covers nearly half of all home sales, inventory is up 27 percent, while the supply of high-end homes – properties priced at or above $1 million, also is up 13 percent from a year ago,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young.  “The improvement in these prime price ranges will benefit trade-up buyers who are expected to dominate the market in 2014, as many of them will be searching for homes in these price categories.”

Other key facts from C.A.R.’s February 2014 resale housing report include:

• Housing inventory improved in February, with the available supply of existing, single-family detached homes for sale rising in February to 4.7 months, up from January’s Unsold Inventory Index of 4.3 months. The index was 3.6 months in February 2013.  The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate.  A six- to seven-month supply is considered typical in a normal market.

• The median number of days it took to sell a single-family home fell to 40 days in February, down from 44.3 days in January but up from a revised 34.3 days in February 2013.

• Mortgage rates were lower in February, with the 30-year, fixed-mortgage interest rate averaging 4.30 percent, down from 4.43 percent in January but up from 3.53 percent in February 2013, according to Freddie Mac.  Adjustable-mortgage interest rates in February averaged 2.54 percent, down from 2.54 in January and down from 2.61 percent in February 2013.

Slides (click on link to open):

• Unsold Inventory by price range. 
• Change in sales by price range.
• Share of sales by price range.

For more details and photos CLICK HERE

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only.  County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  Due to the low sales volume in some areas, median price changes may exhibit unusual fluctuation. The change in median prices should not be construed as actual price changes in specific homes.
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Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 165,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

1031 Exchange Guide

A Guide to 1031 Exchanges© is designed to help you understand the many options available when considering 1031 exchange strategies for deferring taxes. After its first printing, we received such an overwhelmingly positive response from so many readers that we went to work to enhance this edition not only with more content, but with the most recent information available at press time.Screen Shot 2014-03-06 at 4.20.30 PM

At Exeter, we have found that by listening closely to clients and others interested in 1031 exchange transactions, we can respond more often with the most appropriate answers. That you have found your way to this booklet is a sign that you are serious about looking for strategies that address your unique financial situation. If you don’t find precisely what you are looking for or want to learn more, just call us. We are available seven days a week, 24 hours a day. From our Web site, click on the Call Exeter 24/7 link at the top of the page. You’ll be connected automatically with a senior 1031 exchange advisor ready to speak with you. If and when you’re ready to open a 1031 exchange, know that you can place your order online, anytime.

We work hard to be the informed source for investors, real estate professionals, accountants, attorneys and anyone looking for technical information on 1031 exchange strategies. We are committed to our clients’ complete satisfaction. We offer this performance guarantee: if for any reason you are not completely satisfied with our service, we will refund your set-up fee with no questions asked.

I trust you will find the information in this booklet helpful and informative. Very truly yours,

William L. Exeter
President and Chief Executive Officer

CLICK  HERE for the entire Booklet

Westside Market Report

Published each month, the Aaroe Market Report provides an in-depth look at local real estate activity in over 65 areas across Los Angeles.Real Estate Jennipher Black JAG Sunset Strip

Our reports provide easy-to-read statistical summaries of the most recent three-month period, compared to the same period last year. You’ll find counts of active, pending and sold listings, the average price of sold and active properties, the average price per square foot and much more data.

Jennipher Black can help you interpret this data to make intelligent, informed decisions about your real estate investments. And if you’re curious about the value of a specific property – your home or another property that captures your attention – Jennipher will be happy to provide a detailed market report for you. To the right is an example of the online magazine and below are the links to the report.

If you are interested in learning more about theses sales or any other properties, please call  or email Jennipher

Jennipherblack@gmail.com

jennipher black, realtor, real estate, agent j.black310.745.9556