Real Estate Newsletter: Once Upon a Time in … Los Feliz

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Once again, welcome to the real estate newsletter that arrives in your inbox after a week in which some places have found new life and others have been marked for death.

But first, here’s what celebrities are selling. The brightest headline of the week came through Leonardo DiCaprio. The Once Upon a Time in Hollywood star moved miles east to Los Feliz, asking for $ 5.75 million for a 1920s green house he bought from musician Moby three years ago.

He hopes for the same success Big Sean had at the Beverly Hills Post Office, where the rapper unloaded a custom mansion with a nightclub, a movie theater and a recording studio for $ 11.1 million. That’s $ 2.4 million more than he paid when he bought it from Guns N ‘Roses guitarist Slash in 2017. This was probably helped by Big Sean tearing out pirate ship chandeliers and alligator faux leather wallpaper that were lined with the walls when Slash lived there.

The aforementioned “new life” blossomed in Mid City, where Sorina Vaziri, inspired by the lush gardens of her grandparents’ home in Iran, opened the country’s first public traditional Persian tea garden in the backyard. Visitors can order private parties in woodland spaces, and tea is always in the house.

Death, on the other hand, sneaks up to the doors of two beloved commercial buildings. The first of these is Barris Kustom Industries, the iconic North Hollywood car store that gave birth to the Batmobile, Munster Koach and a host of other legendary vehicles. It is listed for sale for $ 4 million. and almost certainly doomed to redevelopment.

In Studio City, the historic 1960s Sportsmen’s Lodge – a longtime celebrity meeting place on the banks of the Los Angeles River – will be demolished to make room for apartments. The demolition is part of an ongoing transformation in the San Fernando Valley.

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Oscar winner offers a spare home

A room with a rounded sofa, chairs and a table in the middle with plants.

Built in 1926, the English Traditional features five bedrooms, including two main suites and a guest block with a hidden entrance.

(Tyler Hogan)

At the foot of Griffith Park, Oscar-winning actor Leonardo DiCaprio is asking for $ 5.75 million for The 95-year-old house he bought from musician Moby three years ago.

This is not his main home; this was found off the coast of Malibu, where he paid $ 23 million for a 1.8-acre estate in 2016. The Once Upon a Time … in Hollywood star bought the majestic Los Feliz Hotel for a family member in 2018. This was previously reported by The Times.

During his stay, Moby refurbished the place in an English traditional style and it looks much the same as it did then, with custom joinery, a vaulted ceiling and three elaborate fireplaces. Tucked away behind gates and tall hedges, the two-story home has five bedrooms and seven bathrooms on a 4,644 square foot site.

Rapper sells a mansion with his own nightclub

Two-storey house with an arched entrance door, trees and plants.

The half-acre estate is housed in an 11,000-square-foot Mediterranean mansion with a nightclub and movie theater.

(Tyler Hogan)

Big Sean’s mansion with nightclub, cinema and recording studio – just sold for $ 11.1 million from the Beverly Hills Post Office.

It was a pretty short stay for the rapper, who bought it from rock legend Slash for $ 8.7 million in 2017. Guns N ‘Roses guitarist made some interesting stylistic choices during his tenure, including pirate ship chandeliers and faux alligator wallpaper.

Big Sean has harnessed the interiors over the past four years with a dramatic facelift. He opted for simplicity, replacing colorful rooms with clean, minimalist spaces marked by white walls, arched doorways, and light wood floors. Over 11,000 square feet, there are seven bedrooms, 7.5 bathrooms and common areas such as a two-story foyer, a family room with bar, and a chef’s kitchen with a pair of marble islands.

Mid City Backyard Persian Tea Garden

A woman is holding a chicken in the garden.

Teapot Los Angeles founder Sorina Vaziri holds one of her delicate Silkie chickens in a Los Angeles backyard garden she designed.

(Gina Ferazzi / Los Angeles Times) #

As a child, Sorina Vaziri spent summers at her grandparents’ home in Iran, where she and her many cousins ​​explored the garden’s lush, expansive woodland that was overflowing with juicy pink pomegranates, spreading vines and thousands of persimmons. by Claire Reid. Beneath the cool shade of fruit trees, the cousins ​​played backyard games such as human hunting – a dynamic combination of hide and seek and tags – before retiring into the house for a glass of refreshing traditional Persian tea.

In January 2020, she founded Kettle LA, a city garden and a non-profit organization that offers tea parties, educational seed workshops, garden design advice, cultural film screenings and garden-to-table dinners dinners with exotic products prepared by the chef such as moringa pumpkin and pineapple sage.

Visitors can book private times, private teas and romantic evenings at the expansive Teapot vegetable, flower and herb gardens. Healing gardens for only $ 20 for two hours. Tea is always in the house, and all orders are profitable Mid City is growing, a massive campaign led by Waziri to improve and increase the number of public parks and create green spaces accessible to children in medium-sized cities.

The legendary car dealership in its final stage

A man and his mother are photographed inside an exhibition replica of the Batmobile.

Jared Barris and his mother, Joji Barris-Pasteur, are photographed inside an exhibition replica of the Batmobile that is on display at the Barris Kustom Industries showroom in North Hollywood. The Batmobile was designed specifically for the 1966 TV show Batman by the late George Barris, Jared’s grandfather and Barris-Pasteur’s father.

(Mel Melcon / Los Angeles Times)

A cornerstone of Southern California’s automotive culture is about to collapse: the North Hollywood home of Barris Kustom Industries – home of the Batmobile, Munster Koach and thousands of other custom cars – is up for sale. – writes automobile scribe Charles Fleming.

A 10,000-square-foot commercial property on an 18,000-square-foot corner lot is being offered for $ 3.995 million and is almost certainly for renovation.

The package includes a showroom that still houses the Batmobile; garages where brothers George and Sam Barris performed custom bodywork for celebrities including Elvis Presley, Elton John and Cassandra Peterson, aka Elvira, Mistress of Darkness; and even a spray booth that used George’s custom colors on cars driven by James Dean, John Wayne, and ventriloquist Jeff Dunham, for whom Barris built the Bat Smart Car.

Apartments will replace the Athletes’ House

Visualization of the proposed residences at the Sportsmen's Lodge.

A visualization of the proposed residences at the Sportsmen’s Lodge, which will replace the Sportsmen’s Lodge in Studio City. Shown from Ventura Boulevard.

(Kilograph)

The owners of Sportsmen’s Lodge are planning to demolish the 1960s hotel on Ventura Boulevard and replace it with apartments as part of the ongoing renovation of the site, long known as the cultural heart of the San Fernando Valley. – writes Roger Vincent.

Sportsmen’s Lodge in Studio City Los Angeles became popular in the 1930s as a trout fishing attraction. It became a meeting place for celebrities and then a cherished place where couples got married and families participated in events such as bar mitzvahs.

The banquet center that hosted these events was recently relocated to make room for mall worth 100 million dollars with shops and restaurants called Sports Lodge Shops. It is due to open in September.

Midwood Investment & Development will then seek the city’s permission to demolish the 190-room hotel and build residences at Sportsmen’s Lodge, which will have 520 apartments, including 78 subsidized affordable housing units.

What we read

The California market is still hot – literally. In the Walnut Creek Bay area, a house destroyed by fire last September was recently sold for $ 875,000, and according to SFGate, the sale was already expected.

In some states, a family home is being bought for $ 350,000. A parking lot is being bought in Manhattan. According to Bloomberg, a Manhattan garage operator, noting that city dwellers drive more than public transportation during the pandemic, is offering 23 parking spaces in the Upper East Side garage for $ 350,000 apiece.



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