LA Times: Top Real Estate Sales in Los Angeles

BY Neal J. Leitereg | June 6, 2015

Several traditional-style homes around L.A.’s Westside, an oceanfront contemporary in Malibu and a recently built residence in Arcadia were among the most expensive residential real estate sales in the greater Los Angeles area last week.

$14.75 million — Pacific Palisades

A 10,000-square-foot home in the 500 block of Chautauqua Boulevard sold for $14.75 million, one of the most expensive sales per square foot historically in the area.

Built in 1937 and updated last year, the East Coast-inspired Traditional has a classic whitewashed brick facade, interiors designed for formal entertaining and canyon and city views. Grounds of more than an acre contain a large outdoor pavilion and swimming pool with a spa.

F. Ron Smith of Partners Trust Beverly Hills and Aaron Kirman and Paul Stukin of John Aaroe Group were the listing agents. Valerie Fitzgerald of Coldwell Banker Residential Brokerage represented the buyer in the sale.

$10.134 million — Malibu

A 2.39-acre property in the 5000 block of Philip Avenue sold for about $10.13 million, down slightly from the October list price of $10.495 million, but up from the previous sale price of $2.1 million in 2013.

Plans for a 10,000-square-foot contemporary, to be completed this year, include a home theater, a wine cellar, glass pocket doors and a 60-foot infinity-edge pool.

Joshua Spiegel and Gail Copley of Coldwell Banker Residential Brokerage represented both ends of the transaction.

$8.055 million — Beverly Hills

A Mediterranean-style residence on more than half an acre in the 12000 block of Crest Court sold for $445,000 less than the February list price of $8.5 million.

Gallery walls, a two-story entry and an office/library highlight the 6,586 square feet of living space, which has five bedrooms and 6.5 bathrooms. Flat grounds with a pool with a spa and a fountain feature take in 280-degree views.

Beverly Matus of Ready Properties was the listing agent. Bridget Martens of Sotheby’s International Realty represented the buyer.

$8 million — Brentwood

Listed for sale in January for $9.25 million, an East Coast-inspired Traditional on a flat half-acre lot in the 500 block of Moreno Avenue sold for $8 million.

Built in 1939, the fenced estate sold for $4.25 million in 2001. Entered through a two-story foyer, the 5,547 square feet of space has herringbone wood floors, large picture windows, a wood-paneled office, five bedrooms and six bathrooms. A detached casita and a swimming pool with a spa are among the exterior features.

David Offer of Berkshire Hathaway HomeServices California Properties represented both the buyer and the seller.

$7.4 million — Hollywood Hills West

The onetime home of film director Paul Leder sold in the 7000 block of Hillside Avenue for $7.4 million after coming on the market in February for $8.59 million.

Set behind a gated drive, the 7,200-square-foot house was recently remodeled and has wood-vaulted ceilings, imported marble and a lounge area with floor-to-ceiling glass. A home theater, a gym and an infinity-edge pool and spa are among the amenities.

Joshua and Matthew Altman, the Altman Brothers, of Douglas Elliman were the listing agents. James Harris and David Parnes of the Agency represented the buyer.

$7.2 million — Arcadia

A recently built home in the 900 block of Fallen Leaf Road sold for $7.2 million, down from $7.98 million, in less than two weeks. The property, which encompasses half an acre in the Santa Anita Oaks area, sold for $2.75 million in 2013.

Built in English Traditional style, the house has seven bedrooms and 7.5 bathrooms in 10,800 square feet of living space. Two retractable movie screens flank the outdoor swimming pool.

Robert Ho of Long Dragon Realty Group was the listing agent. Kay Yoon, also with Long Dragon Realty Group, represented the buyer.

$6.5 million — Sherman Oaks

A 8,832-square-foot home in the 3000 block of Stone Ridge Lane relisted in February for $6.995 million and sold for $6.5 million.

Sited on nearly an acre in the guard-gated Stone Ridge Estates, the Mediterranean-style home was built in 1990 and features large-scale formal areas, a guest wing, seven bedrooms and nine bathrooms in 8,932 square feet.

Joe Babajian and Judy Cycon of Rodeo Realty, Beverly Hills, had the listing. David Kramer of Hilton & Hyland, an affiliate of Christie’s International Real Estate, represented the buyer.

$6.24 million — Malibu

An oceanfront home in the 24000 block of Malibu Road sold for $6.24 million in less than two months.

Accessed through a courtyard entry, the remodeled home has walls of glass, tone accents and wood pillars throughout the 3,927 square feet of living space. An ocean-facing master suite features a gas fireplace set in glass, while a lower entertainer’s level includes built-in wine storage.

Madison Hildebrand and Jennifer Chrisman of Partners Trust Malibu were the listing agents.

$6.15 million — Manhattan Beach

A three-story home in the 600 block of 13th Street sold for $145,000 less than the March asking price of $6.295 million.

Designed by KAA Design and completed in 2013, the modern-style house has a top-floor common area, two decks, an ocean-view master suite and an elevator in 5,647 square feet.

Katy Kreitler and Susan Keefer of Berkshire Hathaway HomeServices California Properties were the listing agents. Robb Stroyke of Stroyke Properties Inc. represented the buyer.

These are the top residential real estate sales reported on the combined L.A./Westside Multiple Listing Service for the period beginning May 24 and ending May 29.

Originally seen in Los Angeles Times.

Get In Touch With The Best Luxury Real Estate Team in Hawaii.