Author: Rodeo Realty Media Team

$8.95 million — Beverly Hills

A 1950s Traditional-style home on a corner lot in the 1200 block of Laurel Way sold for $1 million less than the asking price. Previously, the half-acre property sold in 1979 for $620,000, property records show.

Marketed as a development opportunity, a listing for the property included renderings for a contemporary-style home with a subterranean garage, walls of glass and an infinity-edge pool and spa.

The current home has four bedrooms and 4.5 bathrooms, formal living and dining rooms and a wood-paneled den/office in 4,691 square feet of interiors.

Josh Altman of Douglas Elliman and Joe Babajian of Rodeo Realty were the listing agents. Amir Jawaherian of The Agency repped the buyer.

Article courtesy of the LA Times

Josh Flagg.

When it comes to LA’s real estate scene, Josh Flagg is at the top of his game—literally. The Million Dollar Listing Los Angeles star, who’s the only original cast member and the youngest, has more than $100 million in sales under his belt, and that’s just for 2015. Real estate, however, is just one of his many interests. Flagg’s other favorites include fashion, collecting cars and art, traveling, and living in hotels.

To celebrate the show’s recent season eight premiere, we asked Flagg 25 quick questions to get to know him a little better. Find out why he wants to moonlight as the President of the United States, what super power he wishes he had, and much more.

1. What’s the best thing about being a real estate agent? Seeing how differently every single person lives.

2. What’s the hottest thing in LA real estate right now? Trousdale.

3. What makes a property great? Location!

4. What’s your favorite way to celebrate a sale? Staying at home and eating Chinese food.

5. Describe season eight of Million Dollar Listings Los Angeles in three words. Drama, drama, drama.

6. What has been your proudest career moment? Selling a home twice in two months for $15 million and $16 million. I just did this again with another house for $6.25 million and $7.25 million within 29 days.

7. What’s your best piece of real estate advice? A house is a diminishing asset. The land is what appreciates in value. Only buy the worst house on the best lot in the best neighborhood. Create your own value.

8. Penthouse or mansion? Penthouse. My grandmother had, and now I have the best one in the city.

9. What was the most surprising thing about living in a hotel? Nothing. I have done this three times and never regretted it once.

10. What’s the best thing about living at the Four Seasons Beverly Hills? The beds.

11. What car do you hope to add to your collection next? 1960 Rolls-Royce Silver Cloud II Drophead.

12. If you could switch closets with anyone, who would it be? Chris Benz.

13. What are the three things in your closet you can’t live without? White collared shirts,Stubbs & Wootton shoes, and Saint Laurent leather jackets.

14. What was your most recent splurge? A 1995 Rolls-Royce Corniche IV convertible, said to be the finest corniche still in existence.

15. What’s the best advice your grandmother, fashion designer Edith Flagg, ever gave you? To always have clean fingernails.

16. What’s the best place you’ve traveled to? Antibes in the South of France at Hôtel du Cap-Eden-Roc.

17. Where do you hope to travel to next? Back to Antibes in the South of France at Hôtel du Cap-Eden-Roc.

18. What’s best souvenir you’ve ever bought? A bed belonging to Napoleon and a bunch of items from the Titanic.

19. What’s one thing not a lot of people know about you? I get scared being alone.

20. What superpower do you wish you had and why? I wish I knew what everyone was thinking at all times.

21. If you could moonlight as another profession, what would it be? President of the United States. Why not? Everyone else is trying.

22. What’s the best thing that’s happened to you this year? Becoming the number one agent on the Westside in volume and the number two agent in sales.

23. What’s your favorite LA activity? Going out to dinner every night.

24. Who is your favorite artist? Alexander Calder.

25. What’s your secret to buying art? Patience.

 

Article Courtesy of Los Angeles Confidential

Below is the Westside Market Report for August 2015 detailing local real estate market statistics and including year-over-year data:

Below is the Westside Market Report for August 2015 detailing local real estate market statistics and including year-over-year data:

Below is the SF Valley Market Report for August 2015 detailing local real estate market statistics and including year-over-year data:

The Million Dollar Listing star says he has sold more than 20 homes at more than $5 million each this year. Among them is a Beverly Hills house on Tower Lane that he sold for $6 million — then sold again a month later for a million dollars more. Flagg, who remembers starting his career by putting together multimillion-dollar deals in his high school math class, also is preparing to listAndrew Getty‘s 8-acre estate in the Hollywood Hills.

 

Article courtesy of The Hollywood Reporter

The hottest type of home right now is a one-story house on a flat lot with a promontory view over the pool, says Babajian. “You would think it would be common, but it’s not,” he notes. “That’s been the formula for getting the top dollar.” This year, he sold such a house in Trousdale Estates (a co-sale with Rodeo’s Josh Flagg) for $3,000 a square foot — a top price per square foot on the Westside. He has a piece of land in Beverly Hills with an asking price of $49 million in escrow, and he’s listing Cheryl Tiegs‘ Bel Air home for $15 million. Previous sales also include Dean Martin‘s old home. “When I soldNic Cage and Tom Jones‘ house owned before by Dean Martin, Nicwalked through the house saying he had a vision of Dean in the house and that’s why he wanted to buy it,” Babajian recalls.

 

Courtesy of the Hollywood Reporter

This Mediterranean-style luxury home is on a quiet cul-de-sac within the guard-gated Mountain Park Estates of Calabasas. This luxury scenic estate has over 7,000 square feet on a 31,287-square-foot lot. The house has five bedrooms, five baths and six fireplaces. The grand foyer has soaring ceilings, two skylights, polished stone flooring and a custom handdesigned wrought-iron staircase. The formal living room has double crown molding, a stone fireplace, tone-wood floors and French doors. The formal dining room has coffered ceilings, custom designed Eldorado stone walls and travertine flooring. The chef’s kitchen is equipped with stainless steel appliances, granite countertops, breakfast bar, center island, built-in eating area, butler’s cabinet and additional skylights. The kitchen opens to the family room. The office has built-in shelves, wrought-iron accents, fireplace, faux leather walls and wainscoting. The billiard room has a wet bar, fireplace and elevator. The second level has a media room with state-of-the-art projection and sound system as well as a fireplace. The master bedroom has mountain views and a spa bath plus vanity room. The two additional spacious bedrooms have French doors and a private balcony with views. There is a guest and maid’s room. The backyard comes with a cabana, plasma TV, fireplace, Pebble Tec pool and spa with waterfall, barbecue area and basketball court. For more information on this property listed at $3,595,000, call agent Rebecca Epstein of Rodeo Realty Calabasas at (818) 642-8713.

 

Article courtesy of the Acorn

PALOS VERDES, Calif., April 23, 2015 /PRNewswire/ — Rodeo Realty Fine Estates is pleased to welcome Elaine Mallon to its prestigious brokerage.  Elaine, a Broker who specializes in the sale & acquisition of luxury real estate, will extend the company’s reach for its discerning clientele down into the Palos Verdes Peninsula & South Bay Beach Cities.

“Elaine is a natural fit for Rodeo Realty and the clients we serve,” said Syd Leibovitch, Founder & CEO.  “She brings a high-level of expertise and a down-to-earth, personal touch to her work.  Her extraordinary professionalism and passion for the South Bay & Palos Verdes area, makes her the perfect bridge for us between two very affluent worlds, from Beverly Hills to the Palos Verdes Peninsula.”

Elaine is a Certified Residential Specialist – the highest designation awarded in residential real estate sales – which includes only 3% of all REALTORS® in the nation.  She’s also a Certified Negotiator; Certified Investor Agent Specialist; Certified Relocation Specialist; and Certified Palos Verdes Area Specialist.

Among her specialties:  Coastal luxury homes, vacation properties, and investment properties.  Discretion and expertise with high-profile clients, particularly those from the entertainment, music and sports industries.

Elaine was previously a top-producer for Sotheby’s International Realty, and for Coldwell Banker Residential Brokerage’s Manhattan Beach and Palos Verdes / Beach Cities branch offices for over a decade.

Elaine began her career in entertainment publicity, where she was an award-winning publicist for MGM/UA TV, CBS and Fox Broadcasting.  She rose to Vice President, Media & Corporate Relations for 20th Century Fox Television and Twentieth Television.

Headquartered in Beverly Hills, Rodeo Realty is one of the most renowned independent real estate brokerages in the nation, and continues to dominate theCalifornia market as the #1 single-owned independent brokerage.  It is ranked #2 among all brokerages in L.A. County.  With annual sales exceeding $4.264 billion last year and a powerful global presence, Rodeo outperformed other companies like Berkshire Hathaway, Sotheby’s Int’l Realty, Re/Max Estate Properties, Hilton & Hyland, Partner’s Trust, Shorewood Realty and The Agency.  Yet, unlike the huge national firms, Rodeo Realty maintains the friendly, hands-on quality of a neighborhood Realtor.

Now serving:  Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Redondo Beach, Hermosa Beach & Manhattan Beach. www.elainemallon.com. (CA BRE#01325954)

 

Article courtesy of PR Newswire

Below is the Westside Market Report for June 2015 detailing local real estate market statistics and including year-over-year data: