August 17, 2022 #1 Local News, Information and Event Source for the Century City/Westwood areas.

LeBron James Take Slight Loss on Sale of Brentwood Home

Westside Real Estate Scene October 11, 2021

By Dolores Quintana

LeBron James recently took a small loss on the sale of one of his Brentwood homes for slightly less than he bought it for originally in 2015, as reported by Realtor.com. The difference between the purchase price and the sale is just under $200 thousand. James put the home on the market earlier this year for $20.5 million which was an asking price that was also under the original purchase price.

Mid-Century Ocean Avenue Apartments Sell for $70 Million

As reported by the Santa Monica Lookout, a mid-century apartment complex at 301 Ocean Avenue has been sold for $70 million dollars to an unnamed Asian company by the Marquis Property Company of Malibu. The status of the property has long been a point of contention among the owners, affordable housing advocates and historical preservationists who wished to have the building declared a historical landmark. The building was originally a 47 unit building that was built in 1952 by former Santa Monica Mayor Clo Hoover and her husband. Trammel Crow bought the in 2007 and evicted all the tenants after invoking the Ellis Act on the property. Marquis Property purchased the building in 2013 and, after a remodeling of the building which decreased the number of units to 38, was granted an occupancy permit by the city to allow rentals again. The beachfront property has a coveted view and the refurbished building is now the site of luxury apartments. The representative of the new owner, Eric Chen, says the new owner “is planning to hold this property as a long-term investment.” as quoted by Santa Monica Lookout.

McRight/Wagner Venice Home and Studio on the Market

The McRight/Wagner home and studio is now on the market for $4 million dollars in Venice as reported by Realtor.com. Warren Wolff Wagner of W3 Architects designed and built the home for himself and his spouse, artist Blue McWright. It’s actually two buildings, built one on top of the other. The bottom is a two bedroom living space. Wagner’s architecture firm was also housed in the bottom building and the second building was added as an art studio space for his wife’s work, so they are indeed two separate structures. The buildings have thick block walls and custom steel doors along with a passive solar water system. There is also a separate two bedroom bungalow at the back of the property.

Redcar Properties Building New Offices in Culver City’s Hayden Tract

Redcar Properties will be building new offices in the Hayden Tract area of Culver City as reported by Urbanize Los Angeles. The new structure will add additional office space to the current building at 3516 Schaefer Street designed by RAC Design Build, which will be a three story building with nearly 10 thousand square feet of additional space for the property. In total, there will be 17,200 thousand square feet available for rent with 27 total parking spaces in a stackable configuration. 3516 Schaefer Street is located between two MTA stations, the La Cienega Jefferson and Culver City Expo Line train stops.

Related Posts

Firefighters Contain Beverly Crest Brush Fire

August 16, 2022

August 16, 2022

No damage reported in Monday afternoon incident By Sam Catanzaro Firefighters from multiple departments contained a brush fire that broke...

Los Angeles Officials Propose Outright Citywide Ban on Oil Drilling

August 16, 2022

August 16, 2022

Ordinance would prohibit new oil and gas extraction and phase out existing extraction operations Last week the Los Angeles City...

Passenger Cars Arrive for LAX’s Automated People Mover

August 15, 2022

August 15, 2022

The first passenger cars have arrived at LAX that will be part of the airport’s automated people mover. .Video brought to...

Bonin Targets Sawtelle Parking Lot for Community Space

August 13, 2022

August 13, 2022

11312 W. Idaho Avenue parking lot subject of City Council motion By Dolores Quintana City Councilmember Mike Bonin has proposed...

Column: Time to Crack Down on Vacant Homes’ Owners

August 12, 2022

August 12, 2022

By Tom Elias, Columnist ​​There is no doubt California has a housing shortage. That’s fact even in the wake of...

Metro To Hold Community Meetings About Potential Green Line Extension

August 12, 2022

August 12, 2022

By Dolores Quintana Los Angeles Metro is holding a series of public meetings to discuss extending the Metro C or...

LA City Council Approves Expanded Anti-Camping Ordinance

August 11, 2022

August 11, 2022

Bonin one of three not votes in expansion of LAMC section 41.18 Los Angeles City Council has banned homeless encampments...

Review: A Santa Monica Restaurant’s New Happy Hour is Top-Notch

August 10, 2022

August 10, 2022

By Dolores Quintana Birdie G’s in Santa Monica has a new Happy Hour and it is something special. For one...

Missouri Place: Let’s Celebrate a Real Victory

August 10, 2022

August 10, 2022

Brentwood resident Tom Safran is known for being a world-class builder of affordable housing.  He is really in the business...

Best of Century City-Westwood Awards Voting Now Open

August 9, 2022

August 9, 2022

Cast your vote to support your favorite local businesses  Voting is now open for Century City-Westwood News’ annual Best of...

Another Mountain Lion Dies After Being Hit by a Car

August 9, 2022

August 9, 2022

P-89 found dead along the shoulder of the 101 Freeway in Woodland Hills last month By Sam Catanzaro Another mountain...

City Council Sends Initiative to Ballot That Would Require Hotels to House Homeless in Empty Rooms

August 8, 2022

August 8, 2022

LA City Council unanimously approves measure for November ballot By Dolores Quintana Los Angeles City Council last week voted to...

Sawtelle Residential High-Rise Complete

August 8, 2022

August 8, 2022

The first high-rise residential development built west of the 405 in over 40 years is now leasing luxury apartments. Learn...