Rodeo Realty’s Beverly Hills agent Beatriz Martinez reps buyer of home with ties to Fairbanks theatrical family

Mentioned by the Los Angeles Times for selling a home in Hollywood Hills West is Beatriz Martinez of Rodeo Realty Beverly Hills. The agent represented the buyer of the home with ties to the Fairbanks theatrical family.

(Jeffrey Ong / PostRAIN Productions)

According to the LA Times, the property was once home of Robert P. Fairbanks, brother of actor-filmmaker Douglas Fairbanks Sr. and former president of United Artists Studio Corp.

Architects Arthur and Alfred Heneman originally designed the home, which was built in 1914. The two-story was later remodeled by Charles and Henry Greene and was restored afterwards by New York designer William Sofield.

Guest house converted into home theater. (Jeffrey Ong / PostRAIN Productions)

The one-third-of-an-acre property comes with four bedrooms, six bathrooms, two garden terraces, a swimming pool, and a koi pond. Further, the museum-quality home has a guest house that has been converted into a home theater. Aside from that, a secret passage inside the home leads to a wine room, a game room, and a gym.

Secret passage leads to wine room. (Jeffrey Ong / PostRAIN Productions)

The museum-quality home sold for $2.788 million. According to the LA Times, Robert Fairbanks was living at the home when he passed in his sleep in 1948.

(Jeffrey Ong / PostRAIN Productions)

To read the LA Times feature on this property, click HERE.

Rodeo Realty’s Alex Howe and Kaitlyn Olson sell home of hairdressing titan Bruno Mascolo

Bruno Mascolo, CEO of world-famous hairdressing firm Toni & Guy, has sold his West Hollywood condominium. The sale, which included two Rodeo Realty agents, made news in the Los Angeles Times.

Alex Howe of Rodeo Realty Beverly Hills represented Mascolo and Kaitlyn Olson represented the buyer.

The high-rise corner unit comes wrapped with floor-to-ceiling windows. Most noteworthy, the glass doors that take you to a private balcony. The almost 1,700 sq. ft. space has an open living area, one bedroom, and two bathrooms. In addition, building amenities include valet parking, a fitness center, and a saltwater swimming pool.

In conclusion, the condo is located inside the Sierra Towers and sold for $3.733 million.

Rodeo Realty’s Beverly Hills agent Brandon Assanti sells ‘KUWTK’ home

After 11 years on the market, approximately 19 different agents, and nine  brokerages, the ‘Keeping Up With the Kardashians’ home has finally sold! Brandon Assanti of Rodeo Realty Beverly Hills was a listing agent to the Studio City home.  The ‘KUWTK’ home was used to portray the exterior of the Kardashian-Jenner home on the reality TV show. Assanti received a lot of media attention since he listed the property. 

 
For example, the property made headlines on TMZ, PEOPLE, Los Angeles Times, and many other sites and publications.

 
The Iredell Estate is behind large gates on its own private knoll. The Contemporary Mediterranean estate has seven bedrooms and nine bathrooms. The home comes with panoramic canyon and mountain views. In addition, the two-story villa offers a chef’s kitchen with breakfast room, and a dining room. Also included, a screening room, wine cellar with tasting room, and an outdoor kitchen.

In conclusion, the ‘KUWTK’ home sold for $5,250,000. Also, take a look at the property video below!


FEATURED ARTICLES

To read the TMZ article on this home, click HERE.
PEOPLE
The Real Deal
Los Angeles Times
San Fernando Valley Business Journal
The Washington Insider
Radar Online

 

Economic update for the week ending October 27, 2018

Stocks suffer a turbulent week:

A positive GDP report showing that the economy grew at 3.5% in the third quarter, inflation was tame, and consumer spending was up, could not keep the markets from continuing to slide. This week. third quarter profits were reported that were below expectations. Those were mostly in the technology sector. Even Amazon did not hit their numbers. On the other hand, some companies like Ford and Tesla exceeded expectations. All in all, fears in the technology sector hit the NASDAQ hard. It lost 3.8% for the week and is now up just  3.8% for the year after being up 20% for the year just one month ago. The Dow and S&P also got hit hard down 3% and 3.9% respectively for the week. The Dow Jones Industrial Average closed the week at 24,688.31, down from 25,444.34 last week. It is down 0.1% year-to-date.  The S&P 500 closed the week at 2,658.69, down from 2,767.78 last week.  It’s down 0.6% year-to-date. The NASDAQ closed the week at 7,167.21, down from 7,449.03 last week.  It’s up 3.8% year-to-date.

Treasury Bond Yields lower this week:

The 10-year Treasury bond closed the week yielding 3.08%, down from 3.20% last week. The 30-year Treasury bond yield ended the week at 3.32%, down from 3.38% last week. We watch treasury bond yields because mortgage rates follow bond yields.

Mortgage rates almost unchanged this week:

The October 25, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.86%, almost unchanged from 4.85% last week. The 15-year fixed was 4.29%, slightly up from 4.26% last week. The 5-year ARM was 4.14%, up from 4.10% last week.

GDP up 3.5% in third quarter:

The U.S. Bureau of Economic Analysis announced that the first reading of the nation’s gross domestic product (GDP) rose by 3.5% in the third quarter of 2018.  That beat expectations of a 3.4% rise, but was well below the 4.2% increase registered in the second quarter of 2018. The report also said that The PCE price index, a key indicator of inflation, rose at a 1.6% annual rate in the quarter. That was well below the 2.2% annual increase analysts forecasted. Consumer spending, which accounts for about two thirds of the U.S. economy, grew by 4% in the third quarter. That marked the largest increase since the fourth quarter of 2014.

September Nationwide Existing Home Sales:

Data released this week from The National Association of Realtors showed that total existing home sales fell again in September. The number of existing homes sold in September fell 3.4% from August, and are down  4.1%  from one year ago. The median price paid for a home in the U.S. was up 4.2% from last September. That marked the 79th straight month of year over increases. The unsold inventory index is at a 4.4 month supply, up slightly from a 4.2 month supply one year ago. 

September California Existing Home Sales:

The California Association of Realtors reported that existing single family home sales totaled 382,550 in September on a seasonally adjusted annualized rate. That was down 4.3% from August and down a staggering 12.4% from last September, when sales totaled 436,920 on a seasonally adjusted annualized rate. The median price paid for a home in California was $587,850, up 4.2% from September 2017. On a more regional level, the median price increased 4.7% in Los Angeles County, 10.6% in Ventura County, and 3.3% in Orange County from one year ago. Inventory levels continued to rise after hitting historic lows in 2017. The unsold inventory index in California stood at a 4.2 month supply in September, up from a 3.3 month supply in September 2017. Inventory levels have now increased for 6 straight months and are up 20.4% from one year ago. Listings are at the highest level in 31 months. Los Angeles County has a 4.4 month supply, up from a 3.1 month supply last September. Orange County has a 4.3 month supply,  up from 3.1 months last September. Ventura County had a 6.3 month supply of homes, up from a 4.7 month supply one year ago. 

Have a great weekend!
Syd

Rodeo Realty’s Beverly Hills agent George Kahwaji listing Britney Spears’ former villa

The onetime home of American singer Britney Spears is on the market for $8.95 million. George Kahwaji of Rodeo Realty Beverly Hills is the listing agent. The home, which made headlines in the Los Angeles Times, is where Spears moved to in early 2007, according to the newspaper.

 

Located in the prestigious guard gated Summit of Beverly Hills, the house features a chandelier-topped foyer, a vaulted-ceiling living room, a formal dining area, a chef’s kitchen, and a family room. The two-story home also includes a home theater, a master suite with a fireplace and private loggia.

Outdoors, there’s a saltwater swimming pool and spa, a fire pit, and a built-in barbecue.

Built in 2001, the home has six bedrooms and 6.5 bathrooms in all.

To read the Los Angeles Times article on this property, click HERE.

Home listed by Rodeo Realty’s Adi Livyatan purchased by Murder Inc. Records Founder Irv Gotti

Irving Lorenzo Jr., record executive, television producer, founder of Murder Inc. Records, who is best known as Irv Gotti, has bought a home in Encino for $3.636 million. Adi Livyatan of Rodeo Realty Sherman Oaks was one of the listing agents to the newly built property, which was featured in the Los Angeles Times and Variety.

Sitting behind gates on a more than a quarter-acre lot, the farmhouse inspired traditional home includes five bedrooms and 5.5 bathrooms.

The open-floor plan also includes formal living and dining areas, a two-island kitchen, a family room, an office/den, and a home theater.

Outdoors, there’s a swimming pool, spa, a waterfall feature, and a built-in barbecue.

To read the LA Times feature on this property, click HERE.
Variety’s article on this home, HERE.