The five most expensive homes that sold in Los Angeles County last week combined for $31.2 million, a dip from recent totals in the area.
The priciest home sale last week was a $12 million Holmby Hills mansion that was built in the 1960s by a noted architect. From there, prices plummet to around $5 million. The other homes are located in Bel Air, Brentwood, Encino and Venice.
While last week’s total is well below the $73 million recorded in the first week of November, the amounts can sharply swing from week to week, and there have been lower amounts. August saw totals of just under $30 million.
The data and information was compiled from the Multiple Listing Service, Redfin and Zillow from Nov. 13-19.
783 Bel Air Rd | Holmby Hills | $12 million
This 16,000-square foot property was built by architect William Hefner in 1964. The home abuts the Holmby Hills and Bel Air neighborhoods, and includes views of Bel Air West and the Pacific Ocean. Jeff Hyland of Hilton & Hyland, and Drew Gitlin of Berkshire Hathaway HomeServices California had the listing. Gitlin also represented the buyer, who purchased the entire parcel at approximately $750 per square foot.
1087 Moraga Dr | Bel Air | $5.3 million
Another mid-century Bel Air mansion that sold, this home went for 67 percent over its $3.3 million acquisition price in 2017, according to Zillow. The listing notes that this 1959 home has “lush landscaping transforming the place into your own private oasis.” The price per square foot for the 3,622-square-foot home pencils out to $1,476. James Harris and David Parnes at The Agency were the listing agents. Timothy Enright of The Enright Company represented the buyer.
2520 La Condesa Dr | Brentwood | $5.2 million
This newly-built, 5,852-square-foot home has five bedrooms and six bathrooms. The property’s price per square foot was pegged at $888. The home was billed as a “smart home residence” with “control lighting, a high end sound system, intercom, and security cameras.” Anush Miduran of Keller Williams represented the seller, and Compass’ Cassandra Bloore worked on behalf of the buyer.
901 Flower Ave. | Venice | $4.5 million
Venice is developing fast, but its homes don’t always make the county’s top residential sales list. The two-year-old, 7,294-square-foot property was built by Peter Vincents Architects and Amber Interiors Design. It features a “cocktail pool,” custom built outdoor kitchen, and a custom-built treehouse. The home sold for $1,223 per square foot. Jennifer Hughers of Bulldog Realtor was the listing agent, and Christopher Feil of Berkshire Hathaway HomeServices California represented the buyer.
5420 Louise Ave. | Encino | $4.2 million
Another newly built home, the 6,497-square-foot valley estate penciled out to $643 per square foot. The home may appeal to a sports inclined buyer. Amenities include a mini-golf course, and half basketball court along with an infinity pool. Yair Harpaz of Harpaz Realtor served as listing agent, and The Agency’s Elizabeth Friedman worked for buyer.