Get this designer-perfect, gated Modern Farmhouse with a lot with ADU and open concept floor plan and a jaw dropping kitchen. It’s a comfy home with spacious bedrooms and kitchen.
It’s compact luxury that’s livable and comfortable. Any foodie will love the large kitchen and the mini one that’s made for more intimate gatherings.
Keep scrolling for a tour of this striking estate.
This modern farm house is listed at $1,699,000. It’s expected to sell fast and you do not want to miss out!
Reach out to your favorite Landon Pacific realtor if you’re interested in this property or want to know if you’re qualified to purchase!
Photo and listing courtesy of Jennifer Landon | DRE #01281552 | Landon Realty Group
For our first official WeHo business owner spotlight we are thrilled to have none other than everyone’s favorite Aussie – Luke Milton (aka Milts) – founder of Training Mate, a celebrated circuit training group fitness gym! Training Mate’s first location was here in West Hollywood but you can also find them in Santa Monica and Studio City with more locations to come! But before we give too much away… take it away Milts!
H: Thanks for taking the time to chat with us Milts! How long have you been in business?
M: We opened the first TM in 2013 in West Hollywood. The concept was originally started in 2009 in Sydney, Australia however weho was the first physical premise.
H: What’s your favorite part about what you do ?
M: I love serving people, i love seeing people smile and I love helping people live a healthy lifestyle.
H: What do you love most about West Hollywood?
M: WeHo is such a fun and vibrant city, people are always up for a good time and there is always something to do!
H: If there’s one thing you want your clients to know or feel when visting Training Mate what would it be?
M: To feel safe and a part of our family! Training Mate is a big happy family and we always want people to feel apart of that! I always say the WeHo location is like a big warm hug!
H: What’s one of YOUR favorite West Hollywood businesses?
M: Blue Stone lane is great for a coffee and breakfast, fresh corn grill is an OG favorite of mine and Body Energy Club is always good for a quick smoothie. My favorite restaurants are Laurel Hardware and Ysabel.
H: What are you most excited about for the future of training mate?
M: I’m so excited about Training Mate’s growth, we open our first “out of state” location in Dallas summer 22’ and we open Pasadena later this year. I’m
So excited to grow our family and be the best part of even more peoples day!
Aaaaand that’s a wrap! We thank Milts so much for taking the time to answer our questions and have this interview with us.
We recommend all of you to choose Training Mate is your go to gym and fitness center!
Visit their website at: https://trainingmate.com/locations/west-hollywood/
📍7825 Santa Monica Blvd, Los Angeles, CA 90046
Monday – Thursday: 5:30am – 8:30pm
Friday: 5:30am – 6:30pm
Saturday: 7:30am – 4:00pm
Sunday: 7:30pm – 4:15pm
📞 (323) 380-5492
Ever get the itch for a DIY project? Whenever we do, our favorites involve getting outdoors and mixing up our landscaping features.
Whether it’s as simple as installing some lighting or a little more time-consuming like re-plotting plants, a fresh look for the lawn always gives your home a fresh look as well. Here are our top five easy landscaping projects!
Create a pathway.
To guide you and visitors throughout your yard and link different areas together, install a pathway. You can use materials from a variety of materials, including reclaimed pallet wood, flagstones, gravel, and more to add texture and color.
Add a wall or border.
Installing a flagstone, rock, or brick wall around flower beds or trees adds a sleek, clean look to your landscaping and helps separate different sections of your yard.
Install a water feature.
Nothing says zen quite like the sound of trickling water as you relax in your backyard. You can start simple by purchasing and installing a small feature powered by a solar panel or create a larger focal point in your yard by installing a waterfall wall or small pond.
Light your way.
An easy way to transform your yard is to strategically use lighting. Place cool-colored lights high in trees to recreate a moonlight feel, use pathway lights to naturally guide the eye, or highlight objects or plants.
Expand your yard space by drawing the eye to the sky with a trellis fence or screen made of wood or metal. Once you install your trellis, select your climbing plants and vines and get to planting!
For little over a million dollars, you can get this spectacular view and this incredibly cozy bungalow in the heart of Mt. Washington! The contrast of the white interior to the black exterior is so pleasing the eyes and the landscaping is so refreshing to look at. It’s a home you would really love to live in.
Its stunning oasis desert vibes isn’t intimidating, but rather comforting.
Keep scrolling for a tour of the this magnificent estate!
This single family, ranch-style property is listed at $1,499,000. It’s expected to sell fast and you do not want to miss out!
Reach out to your favorite Landon Pacific realtor if you’re interested in this property or want to know if you’re qualified to purchase!
Photo and listing courtesy of Silke Fernald | DRE #01943657 | ACME Real Estate
A tedious day at work deserves an amazing dinner the moment you clock out of the office, or whatever it is that you do. We’ve compiled 5 of the best dining spots here in West Hollywood that would satisfy your tastebuds with their delicious food, or provide you with your mandatory evening cocktail, because, come on, who doesn’t need one?
Note that the list below is in no particular order so, they’re not from greatest to least, they’re all great equally with their very own unique charm.
- Bottega Louie
Need we say more? Bottega Louie has built their reputation in WeHo with their delectable pastries and Italian cuisine. They are most famous for their macarons (swipe on the photo and you’ll see why), but our team absolutely loves their éclairs! You’ll want one of every flavor. We highly recommend getting your hands on their pastries it’s worth every calorie!
Location: 8936 Santa Monica Blvd, West Hollywood, CA 90069
Monday – Thursday: 11:00 AM – 11:00 PM
Friday: 11:00 AM – 12:00 AM
Saturday: 9:00 AM – 12:00 AM
Sunday: 9:00 AM – 11:00 PM
Weekday Breakfast: 8:00 AM – 11:00 AM
Weekend Brunch: 9:00 AM – 3:00 PM
PATISSERIE & CAFE
Monday – Sunday: 8:00 AM – 10:00 PM
Price Range: $$$
2. Laurel Hardware
What once was a hardware store has been transformed into a chic restaurant with top of the line cocktails and a hidden back outdoor patio, so don’t be fooled by the street front exterior. As the weather gets warmer and the days get longer Laurel Hardware is the perfect place for an outdoor cocktail with friends or a celebratory dinner, or even dessert just because. We recommend their Garden G&T and are dying to try one of their frozen cocktails (um lavender margarita anyone?) Oh, and you should definitely order their Truffle Fries! It’s the perfect side dish.
Location: 7984 Santa Monica Blvd., West Hollywood, CA 90046
Reservation line: 10AM-5PM daily
Price Range: $$
3. Employees Only
If you’re looking for great ambiance and even greater food that’s open late, then we strongly recommend Employees Only. They’re an elevated neighborhood cocktail bar and restaurant. Perfect for people seeking to unwind after a long hard day of work. Our team loves their rib eye, the Parmesan truffle fries, an apple butter cake for your sweet tooth!
Also the bartender Daniel makes the best Paper Plane cocktail on the planet!
Location: 7953 Santa Monica Blvd., West Hollywood, CA 90046
Tuesday – Sunday: 6PM – 2AM
Price Range: $$$
4. Connie and Ted’s
Showing some love the one of our favorite restaurants here in West Hollywood! Connie and Ted’s puts a smile on our faces whenever we have our gatherings there. Their seafood is exquisite and fresh and we just cannot get enough! We highly recommend their Fresh Oysters, it sounds simple enough, but a single bite introduces a whole knew palette of flavor in your mouth!
Location: West Hollywood at the Northeast corner of Santa Monica Blvd and Havenhurst Drive. (One block West of Crescent Heights)
Wednesday & Thursday: 5:00 PM – 9:30 PM
Friday & Saturday: 11:30 AM – 3:00 PM & 5:00 PM – 10:00 PM
Sunday: 11:30 AM – 3:00 PM & 5:00 PM – 9:00 PM
Closed on Monday & Tuesday
Price Range: $$$
5. Norah Restaurant
This restaurant’s stunning interior and equally exquisite food makes us want to come back to it every time our team heads out for a for company dinner. Every thing from the shrimps to the salads are amazing, but for us the real show stopper is their Skillet Corn Bread! Definitely a must-try!
Location: 8279 Santa Monica Boulevard, West Hollywood, California 90046
Brunch: Friday to Sunday: 11AM – 3PM
Dinner: Daily: 5PM – 11PM
Price Range: $$
The Big Story
Will rising rates normalize the housing market?
• Home prices in the United States hit a record high. Historically low inventory, coupled with an urgency around rising interest rates, incentivized homebuyers to buy sooner rather than later.
• Inflation is driving the Federal Reserve’s (the Fed’s) monetary policy. The Fed indicated at least six more 0.25% federal funds rate increases this year, so as to reach the consensus-estimated federal funds rate of 1.9% by year’s end.
• The average 30-year fixed mortgage rate rose 1.56% in the first quarter of 2022, ending March at an average of 4.67%. The average 30-year fixed mortgage rate hasn’t risen above 5% in over a decade, but it will likely reach this milestone in the second quarter of 2022.
Early innings for rising rates
Mortgage rates rose faster than expected in the first quarter of 2022, already surpassing forecasts for the year. The 30-year average mortgage rate rose swiftly in the two weeks after the Fed’s March meeting, up 0.5% between March 17 and 31 to 4.67%. This rapid increase has spurred purchases as buyers try to lock in lower rates before they climb higher. The data reflect the urgency buyers face. Nationally, home prices have reached yet another milestone: hitting above $200 per square foot, the highest level in history. But is the urgency justified? The answer is 100% yes, assuming you find the right home for you. Let’s dig into the numbers a little.
The average 30-year mortgage rate was 3.11% in December 2021, rising to 4.67% by the end of Q1 2022. If you bought a home in December and financed it with a $500,000 mortgage loan at 3.11%, your monthly spend on principal and interest would be $2,138 — versus $2,584 if you got the same loan in March 2022 at 4.67%. Over the life of the loan, you’ll spend $160,560 more at 4.67%. In short, every percentage point matters significantly. As an aside, refinancing has decreased 60% below last year’s levels, according to the Mortgage Brokers Association. Economists and real estate experts seem torn between rates peaking just below or just above 5%. Because the Fed indicated the path of rate hikes for the rest of the year, mortgage rates increased in anticipation and are likely to be affected less when the Fed moves the federal funds rate in the future, if it sticks to its schedule. At this point, we can almost guarantee that rates will not decline substantially this year.
As we look at historical trends in inflation, we are curious about how effective the Fed’s rate hikes will be. Rates rose significantly in the 1970s, partially due to the inflation rate at the time. Mortgage rates peaked at over 18%, which is unimaginable today. As we look at the long-term data, we see that inflation tends to decline when the federal funds rate is above the inflation level. Currently, the federal funds rate is far below inflation, and the Fed doesn’t plan to lift it near the inflation level because of the economic shock that would ensue. The current cost to borrow is actually negative, which may incentivize more people to borrow and spend more in the short term, driving inflation higher. At current mortgage and inflation levels, the borrower, not the lender, gains around 3% from borrowing.
In addition to rising rates, supply still drives home prices. In March, the housing supply ticked up ever so slightly from the all-time low in February. We are entering the spring buying season, however, with the lowest inventory on record. From March 2020 to March 2022, the housing supply declined 62%. Over the past three months, which had the lowest inventory on record, home prices increased nearly 10%. Rising rates, in the short term, boost demand because potential homebuyers want to get ahead of the increase, but in the long term, they reduce demand. Because the market is so undersupplied, less demand is actually a good thing. Home prices simply cannot maintain the rapid increases. Although a housing bubble isn’t likely yet, a sustainable growth rate is better and safer for the long term.
• Home prices increased dramatically over the past year across Southern California counties, reaching all-time highs across markets for single-family homes. Condo prices reached a record high in all markets except Riverside, which declined slightly from the February peak:
• Los Angeles County: +10% for single-family homes; +17% for condos
• Orange County: +28% for single-family homes; +22% for condos
• Riverside County: +20% for single-family homes; +34% for condos
• San Diego County: +18% for single-family homes; +25% for condos
• Inventory is rising, a historical seasonal norm. However, we are entering into the spring season with the lowest inventory on record.
• Months of Supply Inventory further indicates a sellers’ market. Homes are selling quickly as buyers compete over the limited inventory.
Home prices close the first quarter at record highs
Single-family home prices rose to all-time highs across markets, while condo prices reached record highs in Los Angeles, Orange, and San Diego counties. Because sales often have a one-month lag, with homes going under contract around a month before the sale is complete, we cannot yet determine how significantly increasing rates have hit the market. Mortgage rate hikes really only lower demand in the long term, but in the short term, demand increases as buyers try to lock in a lower rate. The Southern California housing market has a major advantage in that high demand is constant. Despite the huge increases in home prices over the past 12 months, the lack of housing supply will keep prices rising in the coming months.
The Fed is expected to raise interest rates by 0.25% at least six times this year, going from 0% to 1.90%. We are now entering a period where factors that affect prices are more mixed, unlike the past two years when all the factors caused prices to increase. Rising interest rates, which will hopefully curb the still-rising, 40-year-high inflation rate, will make homes less affordable and dampen demand over the course of the year. But inventory is so low that even with less demand, the market will likely remain undersupplied. It might seem counterintuitive that home prices can still appreciate after increasing so much over the past two years, but with inventory at record lows, home prices in 2022 will still increase — though at a slower rate than in 2021. With high sales relative to the available inventory, we anticipate a competitive market in the year ahead.
Low, but rising, inventory
Southern California, like the rest of the country, has a historically low housing inventory. The sustained high demand and lack of new listings over the past year brought single-family home and condo supplies to record lows across markets. Although the first quarter of 2022 had the lowest inventory on record, we are pleased to see that inventory is increasing. If this upward trend continues into the second quarter, that will be a large indicator that the housing market is normalizing.
Sales have still been incredibly high, especially when accounting for available supply, again highlighting demand in the area. Sellers can expect multiple offers, and buyers should come with competitive offers. The incredibly high demand we’ve seen over the past year might wane as interest rates increase; however, the supply is so low that the market can handle a drop in demand without negatively affecting prices. The 30-year average fixed-rate mortgage hasn’t climbed above 5% yet, but it almost certainly will. If mortgage rates reach 5%, demand will likely decline more substantially. In the next few months, demand will remain high relative to available supply.
Months of Supply Inventory further indicates high demand and low supply
Homes are still selling extremely quickly. The Days on Market reflects the high demand for homes in Southern California. Buyers must put in competitive offers, which, on average, are at or slightly above list price.
Months of Supply Inventory (MSI) quantifies the supply/demand relationship by measuring how many months it would take for all current homes for sale on the market to sell at the current rate of sales. The average MSI is three months in California, which indicates a balanced market. An MSI lower than that indicates that there are more buyers than sellers on the market (meaning it’s a sellers’ market), while a higher MSI indicates there are more sellers than buyers (meaning it’s a buyers’ market). Currently, single-family home and condo MSIs are exceptionally low, indicating a strong sellers’ market.
Our team is committed to continuing to serve all your real estate needs while incorporating safety protocol to protect all of our loved ones.
In addition, as your local real estate experts, we feel it’s our duty to give you, our valued client, all the information you need to better understand our local real estate market. Whether you’re buying or selling, we want to make sure you have the best, most pertinent information, so we’ve put together this monthly analysis breaking down specifics about the market.
As we all navigate this together, please don’t hesitate to reach out to us with any questions or concerns. We’re here to support you.
– Dominic Pietrangelo, LIC #01860025
First, it’s important to understand what a seller’s market is. A Seller’s Market is when many buyers compete for a property because of low inventory, particularly properties priced well and in move-in-ready condition. It’s not rare for homes like those to attract bidding wars, but in a seller’s market, it’s drastically more competitive. When this happens, the house is likely to sell for more than what it’s priced at, but for many sellers, there’s more than just the increase in price that influences their decision when accepting an offer.
If you’re a buyer in 2022, you will certainly be up against other offers from motivated buyers such as yourself. So, for this blog, we’ll be giving you 30 great tips on how you could stand out above the rest, and write a winning offer based on our extensive research and experience.
- Submit your mortgage pre-approval from a reputable, local lender – Getting prequalified before your home search will make for a much smoother offer writing process for you and your agent, have your current bank statements as well as your pre-qualification letter ready to go once you start looking for your home.
- Even better, work with a local lender who can deliver your loan commitment in two weeks or less – Your agent can usually recommend a lender who is able to get your loan funded promptly, often sellers lean towards accepting offers with shorter close windows and you’ll want to make sure your financials are free and clear and your loan funded in time for that tight turnaround.
- Ask your mortgage lender to email and call the listing agent on your behalf when you submit your offer
- Partner with a realtor who has a proven track record in this year’s market. It goes without saying that each of these items is best taken care of and strategized by a seasoned professional. Buying a home is one of the biggest and most important purchases a person may make in their lifetime, with this immense responsibility it is important to have a licensed expert as your co-pilot
- If your finances allow, use a down payment amount of at least 20%-25%.
- Consider whether you really need to include an appraisal contingency in your offer to purchase. This contingency in a seller’s market should be discussed with your agent. It will make for a smoother close to shorten or lessen any contingencies and this becomes desirable to sellers because it will ensure a quick and easy close.
- If possible, don’t make your offer contingent on the sale of your current home.
- As much as possible, shorten each contingency deadline (financing, inspection, etc.)
- Write a personal letter about why you love the home for your agent to include in the offer presentation
- Write your offer before showings are allowed
- Make the seller’s move easier by allowing the seller to rent back the property
- Offer to close quickly
Do you dream of having the best outdoor cooking space on the block? Be the entertainer you’ve always aspired to be with these tips to level up your outdoor kitchen.
As the temperature rises, it’s understandable how no one would want to spend their cooking time sweating over a hot stove indoors. With an outdoor kitchen, that problem is easy to solve, not only that, but you will be able to make the warm nights spent with your family and friends even more beautiful.
It goes without saying it may require a few thousand for you to splurge on your new kitchen quarters, but it surely will be worth the expense.
Upgrade your grill. This is your main cooking station, you wouldn’t want it rusty and barely functioning. This isn’t even a splurge, it’s an investment. Investing on a new grill can make your dinner and barbeque parties seamless and delectable, you could even start your own outdoor dinner hosting or catering business. A standard grill will cost you $150 to $300, and a top-of-the-line outdoor range may be upwards of $1,500. If you’re actually thinking of starting a business with your grill, then you ought to go for the more expensive one, but if you really just want to upgrade your outdoor kitchen and cook good food for good people, the standard ones are the best for you.
Enhance your seating. Outdoor seating is another thing to consider. You’re not going to let your family and friends sit on your bare patio, are you? Appropriate seating is a must. Invest in an actual dining table and chairs. If you happen to have a few extras, you can get a few bean bag chairs or even get your hands on those fancy hanging chairs.
Add extras. Fairy lights for atmosphere, a popcorn and ice machine, a wine fridge, a fire-pit for warmth and coziness, heck even an outdoor movie screen if you want. The sky’s the limit. Whatever you want, as much as you can imagine, and afford. Go ahead and put ’em outside! Make sure they’re either waterproof if you have some sort of roof to hide them in when it rains.
Add a dash of yourself. Add more character to your design, and let people know that it’s yours by expressing yourself through your outdoor kitchen. Add whatever feels like something you would have in your kitchen, and not only fixtures that you deem that your guests would like. It’s yours, so make it feel like YOU.
Address: 6937 Vanland Trl, Los Angeles, CA 90068
Neighborhood: Sunset Strip – Hollywood Hills West
List Price: $1,395,000
This secret fairytale cottage in the Hollywood Hills grants the convenience of the city without compromising the lush rural charm unique to the secluded canyon it’s hidden within. The design matches the style of Roland E. Hill, legendary architect of the Disneyland Castle, complete with castle turrets, spiral stone stairs, bridges, hewn timber beams, and balconies with canyon views. The house has been further upgraded by the award winning designer Joshua Cain of Saxony Design build, with intricate woodwork, stained glass, and leaded windows. Upgraded comforts include the spacious bathroom shower, smart home heating and cooling for both bedrooms, and modern appliances. The state of the art accessories are seamlessly integrated alongside the cozy old-world luxuries, including a living room fireplace, hand-carved wooden balcony, and designer kitchen cabinets reminiscent of Snow White’s House. This unique three story house is nestled between two garden areas, including a fenced in grassy yard with a pond, waterfall, wooden bridge, and stone stage with outdoor electrical capacity ready for a hot tub.
[Description from listing]
Why we love it
The Promised Neverland is here! You’ll certainly feel the magic in this week’s home of the week. One look at this house and you’ll know exactly why we love it. Who would not want to live in a fairytale every day? Certainly not us! Owning this house is like getting yourself that Barbie dream house you’ve always wanted but now you get it in adult form. It’s the perfect irony, and the perfect home for kids at heart.
By the numbers
Selling Price: $1,395,000
In Property Taxes: $1,453
Square feet: 1,026 sqft
Listing and pictures courtesy of Lisa Wade | Realtor® | DRE #01955652 | Power Brokers International
If you or anyone you know is an unrepresented buyer that would be interested in this property, message us and let’s go take a look!
“Refinancing” is a scary word for many people, but that shouldn’t be the case for you. For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run.
YOU’RE NOT TOO LATE.
For years now, we’ve been hearing that interest rates will be on the rise, and although there have been some small increases, you’re still in a great position to drastically lower your interest rate. The general rule is if your mortgage interest rate is more than one percent above the current market rate, you should consider refinancing.
IT’S NOT TOO TIME CONSUMING.
Don’t brush off refinancing just because it seems like a long and daunting process. An informational call with a lender to see how rates compare will only take a few minutes. There are also some programs for streamlining the application process. And besides, isn’t the amount of money you could save worth the time and effort?
ARMS CAN BE REFINANCED, TOO.
Seeing your Adjustable Rate Mortgage (ARM) increase after the introductory period can be incredibly stressful and place a squeeze on your budget. Many people assume they’re stuck, but ARMs can be refinanced, just like fixed-rate mortgages. You can even switch to a shorter-term fixed-rate mortgage, such as 15 or 23 years. The longer you’re planning to stay in the home, the more sense it makes to look into refinancing.
There are still a lot of concepts to grab and understand about refinancing, and the best way to learn about them and get enlightened is to talk to your Landon Pacific realtor.