Newsletter: Hot Property: Business as usual?
We’ve already seen a lot of real estate activity in 2017 and we’re not even up to the Super Bowl, which traditionally kicks off the start of the sales season here in Southern California. If our prognosticator skills are intact and January is any indication, we’re in for another busy housing market as prices continue to creep upward.
– Neal J. Leitereg and Lauren Beale
Where the stars align
Music producer Richard Perry and actress Jane Fonda are ready for a scene change in Beverly Hills, listing their home of five years for sale at $12.999 million.
The contemporary-style home, built in 1961 and completely renovated, was previously owned by Emmy Award-winning television director John Rich, who died in 2012 at 86. Fonda and Perry paid $7.3 million for the home that year.
The multi-level 7,500-square-foot house features a central glass elevator, a recording studio, a media room and a diner-style wet bar. A wall of gold records pays homage to Perry’s scores of hits.
The more than three-quarter-acre site contains a solar-heated swimming pool, a meditation garden and a fire pit.
Fonda, 79, won Oscars for the 1970s films “Klute” and “Coming Home.” She currently appears on the Netflix series “Grace and Frankie.”
Perry, 74, has produced albums for such stars as Rod Stewart, Carly Simon and the Pointer Sisters.
The contemporary home features a glass elevator, photovoltaic panels and a solar-heated swimming pool. (Unlimited Style Real Estate Photography)
This is her
Actress and singer Mandy Moore, who last year sold her house in Los Feliz, has bought a home in the Linda Vista area of Pasadena for about $2.56 million.
The midcentury modern-style house sits on a hilltop lot of more than an acre with panoramic views of the surrounding mountains and valley floor.
Among details that caught our eye in the flat-roofed house, built in 1950, is the copper-hooded fireplace in the living room and the abundance of floor-to-ceiling windows that open to patios and pristine garden spaces.
A swimming pool and spa complete the grounds.
Moore, 32, currently stars in the NBC series “This Is Us.” She has released six studio albums, most recently “Amanda Leigh” in 2009.
After selling in Los Feliz, Moore paid about $2.56 million for the Midcentury Modern house in Pasadena. (Hilton & Hyland | Inset: Los Angeles Times)
His latest production
Hollywood film producer Mike Medavoy and his wife, Irene, have sold their estate in a gated Beverly Hills enclave for $9.948 million. They paid $8.2 million for the house in 2013.
Built in 2005, the East Coast-inspired home sits on 1.85 acres with a detached guesthouse, an outdoor pavilion and a swimming pool.
The renovated interiors include a two-story foyer with black-and-white checkerboard floors that opens to the living room with a fireplace. The dining and family rooms, library, master bedroom and guesthouse also have fireplaces.
Medavoy is chairman and chief executive at Phoenix Pictures. The 75-year-old filmmaker has scores of credits including such Oscar winners as “One Flew Over the Cuckoo’s Nest,” “Rocky” and “Annie Hall.”
Medavoy sold his home behind gates in Beverly Hills for $9.948 million. (Adrian Anz | Jeff Kravitz)
Actor offers corner penthouse
Ty Burrell, who plays fictional real estate agent Phil Dunphy on the show “Modern Family,” has put his penthouse condominium in Culver City up for sale at $1.398 million. He bought the place seven years ago for $865,000.
The corner unit features custom fabric wallpaper, an updated kitchen with an island and balconies off the living room and master bedroom. Tall sliding glass doors take in city and mountain views.
Burrell, 49, has won a pair of Emmys for his role on “Modern Family.” His other credits include the TV series “Out of Practice” and “Back to You” as well as the films “The Incredible Hulk” (2008) and “Finding Dory” (2016).
Burrell listed his Culver City penthouse for sale at $1.398 million. (Redfin)
A collaboration of sorts
Record producer, multi-instrumentalist and frequent Kanye West collaborator Mike Dean bought the Studio City home of stand-up comic Russell Peters for $2.5 million.
The Mediterranean, built in 2004 and since updated, has such eye-catching features as a steel wall fireplace in the family room, a theater room with tiered seating and a wet bar with a chrome backsplash.
Including a guesthouse, there is about 5,900 square feet of living space with six bedrooms and six bathrooms.
Dean, 51, has collaborated with such artists as Scarface, Jay Z, Beyoncé and Frank Ocean. He has won multiple Grammy Awards for his work with West.
Dean paid $2.5 million for the Studio City home of Canadian comic Peters. (Scott Everts | Getty Images)
A whisperer listing
Dog activist, behaviorist and television personality Cesar Millan has put his house in Studio City on the market for slightly under $1.8 million.
Built in 2012, the traditional-style home includes a living room with a fireplace, a coffered-ceiling dining room, a loft, five bedrooms and 4.25 bathrooms.
The master suite features two walk-in closets and a two-sided fireplace shared by the bathroom and sitting room.
Millan, 47, gained fame as the self-taught dog-training star of the show “Dog Whisperer With Cesar Millan,” which aired from 2004 to 2012. He currently hosts and produces the series “Cesar 911” on Nat Geo Wild.
Millan relisted his home in Studio City for about $1.8 million. (Shawn Cordon | Los Angeles Times)
Ball player gives up his base
Pro baseball player and free agent James Loney, who appeared in 100 games for the New York Mets last year, has sold his home in the Poway area of San Diego for $1.925 million.
The two-story house, built in 2003, sits on more than an acre with a lagoon-style swimming pool, tropical landscaping and lawn. More than 80 solar panels help to offset the electrical consumption of the 6,064-square-foot home. There are six bedrooms and five bathrooms.
A former first-round pick of the Dodgers, Loney played for L.A. from 2006 to 2012. The 32-year-old bought the house five years ago.
From the archives
Ten years ago, actors Danny DeVito and Rhea Perlman listed their Beverly Hills home of nearly two decades for sale at close to $32 million. The country French house, built in the 1930s, was designed by Wallace Neff.
Twenty years ago, actor Brad Pitt (fresh off his proposal to actress Gwyneth Paltrow) was creating a compound in Hollywood Hills. He had just bought a two-bedroom house neighboring his five-bedroom home. He also owned a three-bedroom house in the same gated enclave.
Thirty years ago, actress Valerie Harper was planning a move from Brentwood to Beverly Hills. She bought a 1930s-era, Spanish-style house for more than $1 million.
What we’re reading
— There’s nothing like being a real estate looky-loo for a little escapism. Check out the Midtown charmer among Detroit’s most expensive listings. We also enjoyed Curbed Detroit’s look at new housing developments. Yes, those are Quonset huts.
— We’re always impressed by the work Estately.com does scouring the nation for unusual listings and features. Here’s a place in Atherton with a Skee-Ball machine in the massive game room.
— Southern California home prices jumped in December, reaching the highest level in more than nine years, according to real estate data firm CoreLogic. An improving economy and a shortage of homes for sale pushed prices up 6.8% from a year earlier. December’s median price of $470,000 was up 1.1% from a month earlier.
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