Noteworthy new listings….
When 4450 Via Alegre ($9.9 million) was last on the market in late 2019/early 2020, someone likened the 2000 architecture to that of a small municipal airport. Post-renovation, the place is whiter and brighter inside and out, a massive improvement. The wine room is nearly as large as the kitchen, which may come in handy while entertaining at the lovely (if north-facing) pool and roof deck; less appealing, in order to access the house from the garage, you have to take an elevator or a long set of exterior stairs.
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Two houses away, 4536 Via Vistosa ($6.49 million) is more of a “before” situation, but the 1957 house has some neat moments (and I don’t mean the barn doors). P.S. The listing doesn’t explain the trio of monoliths.
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The buyer of 2160 Foothill Lane ($4.65 million) paid $2.5 million in January 2024 and gave it a textbook 2020s spec reno. You can’t fault any investor for playing it safe, and maybe this is just me, but is a bit of personality too much to ask for $4.65 million?
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Personality is no concern at 2627 Montrose Place ($3.595 million) in Mission Canyon: the 1922 house is a stunner, and it has a killer view. If any house in that part of Mission Canyon—where lots tend to be around a quarter of an acre—can the mid-threes, it’s this one.
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The interiors of 903 W. Mission Street ($2.548 million) have been warmed up a smidge since it sold for $1.715 million in September 2022, but it’s still a very sleek affair. What I wrote last time applies: “AB Design Studio’s 2013 rethink/expansion of a 1920s cottage […] shows what you can achieve with inexpensive materials and clean lines.” Upstairs is an ADU.
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And a few others worth checking out:
••• 1285 E. Mountain Drive ($10.95 million): The seller paid $10 million just three months ago, and the property presumably hasn’t changed, as the listing photos are the same. We need a phrase to describe a flip that’s more about getting out (ideally whole) than trying to make a quick dime. Any suggestions?
••• 919 Aleeda Lane ($4.199 million): See above; the seller paid $3.9 million for the 1980 three-bedroom in January 2024.
••• 122 W. Yanonali Street ($3.895 million): And again. The seller of this 2017 three-bedroom condo in West Beach paid $3.8 million in August 2023 (and it previously sold in 2022, 2020, and 2019).
••• 1111 E. Ortega Street ($1.595 million): Cutie-pie 1929 cottage near Diana Road (below); already in escrow (as is the house across the street).
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In re: “…describe a flip that’s more about getting out (ideally whole) than trying to make a quick dime.”
May I suggest a “floops” ?
Love that!
Flhope?
Hi there,
Love the column. Very informative. Wondering about the “West Beach hot potato”? It used to be that a hot potato was something nobody wanted to touch. Maybe the expression has changed over the years?
The West Beach condo has sold three times since 2019, and it’s on the market again—so, yes, for whatever reason, no one seems to want to hold onto it for very long. And that makes it a hot potato.
A friend of mine lived right across the street in the last house on Chapala. She said at 6:45 every morning the loudspeaker at the train station would blare, “Arriving now, the Pacific Surfliner to Los Angeles!” And this went on all day with every train, then the freight trains blowing their horns in the middle of the night. That might cause people to move on to a more quiet abode.