Silver Lake Modern is an Urban Escape Pod

List Price $788,000

3BDs/1.5BA in 1,343 sq. ft./lot size 4,940 sq. ft.

I previewed this property today, it’s small but well laid out with an open floor plan. It gets lots of light, is in a great location and features fantastic city views.

The home has been stylishly remodeled with bamboo flooring and French doors. There’s a redone kitchen and baths, updated plumbing and electrical. All it needs is your furniture and good taste, it’s ready to go.

At the size of a large apartment, this urban retreat gets a lot out a small footprint. Call it your home or your urban pied-á-terre, and if you’d like to see it contact me here.

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Listing courtesy of David Lao, Prudential California Realty, Pasadena.

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FYI Quick Read…

From a housingwire.com article by Jacob Gaffney: Morgan Stanley Declares Housing Out of the Woods. We expect to see 2012 end with an increase of 7-9% for the year in aggregate home prices after considering seasonality effects for the remainder of the year, with the possibility of a 10-12% increase on the bullish side and a 4-6% increase as the bear case,” write analysts in the latest Housing Markets Insight report. ” We view the bear case outcome to be relatively less likely.”

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Rising Tide of Cash Lifts All Boats in the SGV

Buyers from Mainland China have long coveted LA County real estate, and in the San Gabriel Valley’s small but stately jewel of San Marino, competition for prime property is particularly fierce. KPCC’s Alex Cohen and A. Martinez recently talked with the BBC’s Rajesh Mirchandani, who reports that for Pasadena’s neighbor, 90 percent of home sales go to Chinese buyers who typically pay in cash. Click here to listen, and find out how this trend is turning up the heat on an already-robust housing market.

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Prime Pasadena, Fit for Royalty

List Price $7,188,000

7BDs/10BA in 8,148 sq. ft./lot size 153,324 sq. ft.

It’s a special week when one of Pasadena’s grand estates is brought to market, and even more so when it happens twice. (See most post dated 9/20). The scope and elegance of this property are hard to describe, much less photograph. Suffice it to say that it has everything, all tastefully updated with exquisite care.

The first floor features a grand foyer, sunroom, formal dining room, butler’s pantry, huge chef’s kitchen, family room, library and two powder rooms. The second floor has a master bedroom with fireplace (one of six), a huge dressing room/closet, exercise room, five additional bedrooms and a laundry room. The third floor hosts the immense game room, a fireplace, plus extra attic storage.

On the sweeping, private grounds you’ll find a 2 bed, 1 bath guesthouse with kitchen and living room, totaling nearly 1,000 sq. ft. Above the three-car garage there’s a bonus room, a workshop and a changing room with bath. The outdoor kitchen and patio area feature a brick pizza oven and this glorious, secluded pool.

But really, you have to see this place in person to understand how remarkable it is. Contact me here for an appointment.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Barbara Rogers, Coldwell Banker.

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Old World Condominium is a Rare Find

List Price $489,000

2BDs/1.75BA in 1,304 sq. ft.

I previewed this property today and was very impressed. Located close to Old Town Pasadena, it’s a westward facing upper unit in a small, quiet complex vintage 1936.

At over 1,300 sq. feet this condo has the space of a small home, and the rooms are well-proportioned. Pretty much everything has been updated, with a designer’s touch to boot.

One advantage to condo living is there’s no yard to take care of. But you get to use this fabulous pool anytime you want. If you’d like to go take a look, contact me here.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Michele Downing, Sotheby’s International Realty.

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A 180° in Los Feliz

List Price $2,079,000

3BDs/3BA in 2,810 sq. ft./lot size 18,664 sq. ft.

By 180° I mean the view — it’s absolutely spectacular. The house is great, too. Located at the top of the coveted Oaks neighborhood of Los Feliz, this two-level modern was built in 1978 and needs some work. But as you can see in these photos, the potential is huge.

15 foot ceilings and an open floor plan are complimented by polished concrete floors and a seamless indoor-outdoor flow.

Can you imagine owning this view? I’d love to show it to you, so give me a call and let’s go take a look.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Dorothy Carter, Keller Williams Los Feliz.

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FYI Quick Read (x3)…

Lots of good news about housing today. Chris Isidore of CNN Money reports that “according to the closely watched S&P/Case-Shiller national home price index… the typical home price in July rose 1.6% compared to the previous month.” It’s a return to 2003 levels…

Which, according to a New York Times article by Shaila Dewan, is most apparent at the lower end of the housing scale. “’It’s less that the top tier is cooling than that the bottom tier is strengthening,’” said Stan Humphries, the chief economist at Zillow. “’The bulk of the recovery is due to the changes in the bottom and middle tiers.’”

Finally, Jim Puzzanghera of our local LA Times informs us that “home prices in the nation’s largest cities rose 1.6% in July to their highest level in nearly two years… adding to recent data showing the housing market finally has begun its rebound from the deep recession.”

Taken together, what does it all mean? A good time to sell your home just got even better. For a complimentary valuation of your property, contact me here.

To receive new listings by email, or to schedule a viewing click here!

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