1037 N. Laurel Ave #19 (90046)$1,195,000
2BR / 2BA
1,640 sq ft
Built in 2004
Just Listed
Stunning architectural celebrity owned 2BR & 2BA loft in prime West Hollywood. This dramatic designer live/work loft features 2 living areas, custom built entertainment/media centers, towering windows, concrete floors & modern roll up glass garage door. Private wrap-around roof top deck w/incredible 360 degree views. Chef's open kitchen has beautiful carrera marble counters & offers a large island w/breakfast bar. A separate office level & private ground level yard complete this urban oasis.
Sold: 8/13/04 - $848,500
Sold: 3/16/07 - $1,145,000
When both the sale numbers are in red on WeHo Homes, you know it's a bad sign, kids. Unit was new in mid-2004, already a few years into the bubble, and we know that we are seeing at least 2005 and some 2004 rollbacks, so that's probably a decent reference point for today's market. Yet the lucky previous owner made close to $300k and now the last buyer wants to get out even - oh, excuse me, above top-of-the-bubble pricing?
And, I won't get into it for privacy, but a note to "the industry" ... just because you have an iMdb listing doesn't make you a celebrity ... and a celebrity owning a place doesn't give it a premium ...
That all said, this does look like a pretty sweet place, and this is LA, so some 23 year old who just got paid a half-million for some tween movie will probably take it off the seller's hands. And so it goes ...
Ready for your close-up??
1 comment:
As far as I can tell, delusion now has its epicenter in West Hollywood. Prices have dipped in Los Feliz, Silverlake, Pacific Palisades and Santa Monica but in Weho? Full steam ahead. My rude joke has been--and continues--that nobody in Weho reads hence its complete disconnect from reality. The house on Greenacre for $995K is another example. The absolute peak price for houses on that street was $1,000,050--yes, the $50 is right--for a very similar 3 bd remodel/tarted up place. The current sellers think that an adjustment of one-half of one percent is an appropriate concession to the current market.
But who can argue with these sellers? Weho buyers don't read either. The last time I checked YOY figures for 90069 and 90046 they were either flat or positive. Amazing.
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