Los Feliz Real Estate Market Recap for the Week Ending April 3, 2016

A WEEKLY RECAP AND BEHIND THE SCENES LOOK AT WHAT HAPPENED IN LOS FELIZ REAL ESTATE HOME SALES FOR THE WEEK ENDING APRIL 3, 2016

ACTIVE HOMES FOR SALE IN LOS FELIZ: 32 (UP FROM 26 LAST WEEK AND 31  TWO WEEKS AGO); PRICES RANGING FROM $799,000 TO $3,999,000

  • Median Price: $1,574,500 (last week: $1,742,000)

  • Average days on market: 40 (↓)
  • Average cost per foot:  $677 (↑)
  • For sale properties over $2 million:  12 (↑)
  • Number of price reductions:  8 (↓)

Pending Home Sales:  27 (down from 30 last week);  prices ranging from $609,900 to $4,977,000

  • 4 new pending sales last week (down from 10 last week)
  • 9 pending sales over $2 million (↓)

 5 SOLD LISTINGS LAST WEEK:

  • Median Price: $1,420,000 (last week: $1,458,000)
  • Average days on market: 48 (↑)
  • Average cost per foot:  $643 (↓)

5 Homes Sold Last Week in Los Feliz

2407 WIld Oak Drive, Los Feliz

Sales Price:  $2,200,000

Days on Market: 67

Cost per foot:  $540

Square feet: 4073;  4 beds/4 baths.  Special notes:  Fixer located up a long, private, gated drive in the prestigious Los Feliz Oaks, this Spanish style estate offers stunning vistas from Downtown to the Hollywood sign.  The property features a pool and expansive patios for outdoor entertaining.  A versatile one bedroom/one bath guest apartment with kitchenette and fireplace located above the street level vintage garage.  A large two-car garage is located at the top of the lot for added convenience. On the market for the first time in 25 years, this property provides the rare opportunity to create a spectacular residence.


Screenshot 2016-04-06 at 5.01.38 PM.png

5682 Spreading Oak Drive, Los Feliz

Sales Price:  $2,200,000

Days on Market: 49

Cost per foot:  $776

Square feet: 2834;  3 beds/3 baths.  Special notes: Architectural in the Hollywood Hills, inspired by cutting edge design and infused with Modern architecture. Perched high above the street in the prestigious Los Feliz Oaks, with endless views that capture the ocean, city, the Griffith Park Observatory and the iconic Hollywood sign. Large windows and walls of glass reveal the architects original intention to capture Los Angeles from every position. Natural light floods each room. Open floor plan ideal for modern living and incredible indoor/outdoor flow. 


3619 Amesbury Road, Los Feliz

Sales Price:  $1,420,000

Days on Market: 31

Cost per foot:  $589

Square feet: 2411;  3 beds/3 baths.  Special notes:  In the hills of Los Feliz, this 1949 traditional style home combines practical living, functionality, with ample space to grow. Features of this two-story "diamond in the rough" include: Southern light exposure, beautiful foyer, step-down living room, formal dining room, fireplace, original hardwood floors, den, original crown molding, terraced private backyard and patio, detached two-car garage with storage. 


Screenshot 2016-04-06 at 4.50.55 PM.png

1978 Van Ness Ave, Los Feliz

Sales Price:  $1,365,000

Days on Market: 36

Cost per foot:  $770

Square feet: 1773;  3 beds/3 baths.  Special notes:  2013 renovated California Mission Spanish home sits on a beautiful corner lot at the base of the Los Feliz Oaks in Hollywood Grove HPOZ. Everything has been tastefully done with clean lines, beautiful materials, and a warm & welcoming aesthetic. Private grassy front yard front wraps around to the wonderful backyard with a pool, lovely flagstone patio area and built-in BBQ. Tall hedges & thoughtful landscaping, 2-car carport parking & garage with backyard entrance.


2000 N Commonwealth, Los Feliz

Sales Price:  $890,000

Days on Market:  57

Cost per foot:  $539

Square feet: 1650;  3 beds/2 baths.  Special notes:   Tremendous opportunity in this large, bright and airy residence within the Franklin Elementary School District. The corner-lot, single level home has been stylishly updated with a generous layout that includes a light-filled living room, formal dining room, den, storage basement and lots of closets. The kitchen has wood cabinetry, a stainless steel appliance suite and easy flow to a covered porch, a great spot for al fresco dining with views of the Downtown LA skyline. 


9 New Listing Last Week in Los Feliz