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Preview: L.A. Times - Real Estate News

L.A. Times - Real Estate News

Real estate news for Los Angeles, Southern California and beyond, including Hot Property (celebrity homes), home tours, and more.

Last Build Date: Wed, 23 Aug 2017 22:01:31 -0700

Copyright: ©2017 Los Angeles Times

Jay-Z and Beyoncé land a $52.8-million mortgage for Bel-Air mansion

Mon, 21 Aug 2017 09:00:00 PDT

Jay-Z and Beyoncé may be worth more than a billion dollars combined, but the couple ultimately used conventional financing in order to purchase their first Los Angeles-area home.

The rapper/hip-hop magnate and his superstar wife, through blind trusts, paid $88 million for the sprawling contemporary...


Maroon 5's Adam Levine falls for a new spot on the Westside

Sat, 19 Aug 2017 06:00:00 PDT

Adam Levine won’t be coming home to Beverly Crest anymore. The Maroon 5 frontman and his wife, model Behati Prinsloo, have purchased an estate in Holmby Hills for $18 million.

Designed by architect Caspar Ehmcke and built in 1966, the French Regency-style home sits on more than an acre of grounds...


Hot Property: Hits and misses

Sat, 19 Aug 2017 00:05:00 PDT

Not everyone blasts it out of the park when it comes to making a profit on a home sale. The cyclical nature of the housing market and having overpaid in the first place are among factors that can leave some sellers upside-down on a property.

This week’s offerings include a rapper who has had plenty...


USC's massive campus addition features student housing — and Trader Joe's and Target open to the community

Wed, 16 Aug 2017 03:00:00 PDT

USC Village, the largest development in the school’s history, officially opens Thursday as the university strives to house more students on campus — and broaden its connection to its South Los Angeles neighborhood.

The $700-million project spans 15 acres, has beds for 2,500 undergraduates and features...


Hot Property: Outta this world

Sat, 12 Aug 2017 00:05:00 PDT

It’s not every week one reports on a $350-million home listing. In fact, this is the first time we’ve ever been able to do that. Chartwell, the estate of late Univision chairman Jerrold Perenchio, has come on the market as the most expensive residential listing in the U.S.

Set on 10 acres in Bel-Air,...


Lender takes possession of Park Hyatt Aviara

Fri, 11 Aug 2017 06:00:00 PDT

Carlsbad’s luxury resort, Park Hyatt Aviara, has been taken over by its lender following a years-long struggle by its previous owners to repay debt that was coming due.

Although the transfer of ownership was recorded in early June, there was no formal announcement nor publicity surrounding the...


Single-family rental rivals Invitation Homes and Starwood Waypoint Homes to merge

Thu, 10 Aug 2017 15:35:00 PDT

Two of the nation’s largest owners of single-family rental houses announced Thursday they are merging, creating a behemoth rental company with a major presence in Southern California.

The deal between Invitation Homes and Starwood Waypoint Homes comes as home prices have risen across the country...


San Diego homeownership slips further out of reach

Wed, 9 Aug 2017 15:25:00 PDT

San Diego was one of the most expensive regions for home buyers in California in the second quarter of this year, with just 26 percent able to comfortably purchase the median-priced house, said a report from the California Association of Realtors released Wednesday.

The Realtor organization calculates...


The last frontier of homeownership?

Sat, 5 Aug 2017 21:35:00 PDT

There comes a time for most San Diego couples when they get sick of renting and, for the Whites, it came around the 40th birthday mark.

Shawna White, 40, spent countless hours researching a place she and her husband Nathan, 39, could afford that wouldn’t break the bank. In addition to getting away...


Kylie Jenner gives her real estate portfolio a makeover

Sat, 5 Aug 2017 06:00:00 PDT

After going on a real estate shopping spree over the last two years, Kylie Jenner of “Keeping Up With the Kardashians” has switched into sell mode.

The 19-year-old reality television star recently parted with a home in Calabasas for $3.15 million and now has one of her three homes in Hidden Hills...


Hot Property: Wait for it

Sat, 5 Aug 2017 00:05:00 PDT

The big real estate news out of Los Angeles is that rapper-magnate Jay-Z and superstar wife Beyoncé are in escrow to buy a mansion for $90 million. Their pick of Westside neighborhoods after years of house-hunting? Bel-Air. We’ll be sure to let you know as soon as they have the keys to the newly...


Maroon 5’s Adam Levine buys Holmby Hills estate for $18 million

Fri, 4 Aug 2017 14:55:00 PDT

Adam Levine of Maroon 5 has bought an estate in Holmby Hills for $18 million, according to real estate sources not authorized to comment on the deal.

Designed by architect Caspar Ehmcke and built in 1966, the French Regency-style home sits on more than an acre of grounds that abut the Los Angeles...


This Holmby Hills estate sold last year for $90 million. Now it's back at $180 million

Fri, 4 Aug 2017 06:30:00 PDT

Just 10 months after being sold for $90 million, making it the second-largest sale ever in Los Angeles County at the time, the historic Owlwood estate has returned to the market for double the price.

The 10-acre Holmby Hills property features a 12,000-square-foot 1936 Tuscan-style mansion designed...


If you refinance a mortgage, when will you break even?

Fri, 4 Aug 2017 06:00:00 PDT

Part of the process of deciding whether to refinance your mortgage is figuring out when you would break even. Without knowing that, you may be shocked to learn that it could be years before you start saving money.

Look, this isn’t going to require IBM’s Watson to calculate. In fact, you just took...


Deductions aren’t the only way to save on real estate taxes

Fri, 4 Aug 2017 06:00:00 PDT

The mortgage interest deduction and the state and local property tax deduction are probably the best-known tax incentives for homeownership and real estate investment.

That’s no surprise. Roughly 9 out of 10 home buyers borrow money to buy a home, meaning they likely pay some form of mortgage interest....


The 20% mortgage down payment is dead

Fri, 4 Aug 2017 06:00:00 PDT

For first-time home buyers, the challenge of coming up with a 20% mortgage down payment is often difficult enough to keep them out of the market. But the fact is, the 20% down payment is all but dead — and has been for quite some time, especially for first-time buyers.

Most buyers make down payments...(image)

Dodgers manager Dave Roberts picks up a new home plate in La Cañada Flintridge

Thu, 3 Aug 2017 10:55:00 PDT

Dave Roberts, manager of the Los Angeles Dodgers, has a new dugout of his own in La Cañada Flintridge. The former outfielder bought a ranch-style house recently for $2.75 million.

At 3,600 square feet, the place has plenty of room for team parties should the National League West leaders want to...


How to get a reverse mortgage

Wed, 2 Aug 2017 06:20:00 PDT

A reverse mortgage is worth exploring if you want to use some of your home’s equity in retirement — and you plan to stay in your home for the foreseeable future. Do your homework so you know what to expect before getting a reverse mortgage.

Here are some common questions (and answers) to help you...


How cosigning a mortgage loan can bring big risks

Sun, 30 Jul 2017 03:00:00 PDT

Dear Liz: I’ve been self-employed for just over a year. Because of disbursements from a recent divorce, I have enough money to make a 40% down payment on a modest house. My income will easily cover the resulting mortgage payments, health insurance and other expenses, but I've been turned down for...


Lyricist Bernie Taupin is ready to record a sale in Santa Ynez Valley

Sat, 29 Jul 2017 06:00:00 PDT

Bernie Taupin, noted lyricist and longtime songwriting partner to Elton John, has listed his longtime home in the Santa Ynez Valley for sale at $4.7 million.

The gated equestrian estate, known as Roundup Valley Ranch, encompasses close to 30 acres. A Mediterranean-style main house, a separate guesthouse/studio...


Hot Property: They really should just call it Kalabasas

Sat, 29 Jul 2017 00:05:00 PDT

It really is getting hard to keep up with the Kardashians.

This week, Kylie Jenner — the youngest sister of the Kardashian-Jenner clan — sold her starter home in (Where else?) Calabasas. The Kardashian-Jenners have become the informal first family of Calabasas. Rob Kardashian recently sold his...


Shares of online brokerage Redfin rise 45% in IPO trading debut

Fri, 28 Jul 2017 16:35:00 PDT

Redfin has many of the hallmarks of a “disruptive” tech firm.

It pledges to transform the home-buying experience. It drives down costs through online software. And it has high-profile investors, including the investment arm of Microsoft co-founder Paul Allen, despite a history of losses.

Yet when...


Beyoncé and Jay-Z are about to become L.A. homeowners, if $90-million deal goes through

Fri, 28 Jul 2017 11:10:00 PDT

Jay-Z and Beyoncé are crazy in love with a Westside mansion, but are the longtime L.A. renters finally about to become L.A. homebuyers?

After years poking around many of the city's most over-the-top properties, the rapper/hip-hop magnate and his superstar wife have agreed in principle to buy a...


Getting a mortgage approval could be easier than you think

Fri, 28 Jul 2017 10:00:00 PDT

So what does it take to get approved for a mortgage to buy a house this summer, whether you’re a first-timer, planning to move up or downsize? Maybe not all that you think.

For most people, the key requirement is that you’ve got the right package — acceptable credit score, down payment, financial...


Dustin Hoffman scores win in legal fight over $3-million deal with Paul Manafort's son-in-law

Thu, 27 Jul 2017 14:40:00 PDT

Dustin Hoffman has notched a victory in his legal fight over a $3-million investment he made with Jeffrey Yohai, a real estate developer who is the son-in-law of Paul Manafort, the former chairman of Donald Trump’s presidential campaign.

“The Graduate” star and his actor son Jacob Hoffman invested...