Priced to Sell in Westwood

Two-bedroom condos priced in the $650,000 range have been selling fairly briskly in Westwood. Maybe that’s why Kris Benveniste, the agent on this newly listed Westwood condo, at 1927 Glendon Ave., #301, is so confident.  HIs listing description includes this bold statement:  PRICED TO SELL & WILL NOT BE LOOKING AT ANY OFFERS BELOW ASKING UNTIL 11/3/2008 IF STILL… Read More

Falling Fast at 525 S. Sycamore

The one-bedroom condos at the mid-century complex at 525 S. Sycamore Avenue, near Hancock Park, sold for close to $400,000 at the peak of the market, but not anymore. Today, the units are fetching around $300,000, so some owners are facing short sales. Here’s a unit in the building that came on the market three weeks ago… Read More

Reduced to $499K in WeHo Vicinity

This two-bedroom, 1.75-bath, 1,000-square-foot condo at 1342 N. Sierra Bonita Ave. has been on the market for the better part of a year, but don’t expect it to stay there much longer.  Why?  Because its owner has just reduced it to the magical “under $500K” price of $499,000. It’s in a nice-looking, 10-unit building: The seller,… Read More

Report: L.A.'s Unaffordable Housing is Killing the City

A thought-provoking report from the Los Angeles Business Council, the Workforce Housing Scorecard, sums up what anyone who lives here already knows:  A woeful lack of workforce housing in major employment centers in Southern California, combined with poor public transit options in the region, severely undermines the competitiveness of Los Angeles County employers by driving… Read More

Will L.A. Become Another Manhattan?

Candy Spelling’s decision to “downsize” from her 56,500-foot Holmby Hills estate to a new, two-story penthouse condo in The Century, the luxury-condo high-rise under construction in Century City, has piqued the interest of The New York Times. Its story, “Downsizing in Los Angeles,” wonders if condo living is becoming a trend among well-off Angelinos seeking… Read More