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Koreatown park proposal scaled back but moving forward

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The street at Normandie and Irolo won’t be closed completely

A plan to put a park on a triangle-shaped plot of land in Koreatown has been scaled back a bit. A motion by Los Angeles City Councilmember Herb Wesson Jr. explains that the original plan—which would have involved closing part of the street between Normandie Avenue and Irolo Street—has been found “infeasible.”

The motion, first spotted by Urbanize LA, makes a new suggestion: Bumping out the curb to the middle of the street, and reducing Normandie to a one-way street from Irolo to San Marino (about a half block). The resulting linear park wouldn’t require any additional funding, according to the motion.

The park project is one of two slated for the area. The other is Olympic Gateway, which would create an eye-catching marker for the neighborhood via an array of colorful lights strung between the southwest, northwest, and northeast corners of the intersection of Olympic and Normandie.

In Burbank, one-bedroom house with rooftop deck asks $549K

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It also features a stone fireplace

What this little house in Burbank lacks in living space (691 square feet in total), it makes up for in personality, with a bright red paint job and a rooftop deck that offers views across the surrounding hills.

Built in 1922, the home has one bedroom and one bathroom, with a bright and airy living room that leads out to a small deck overlooking the street.

Living room and reading nook
Kitchen
Bedroom with wide window

Interior features include hardwood floors, beamed ceilings, a rustic stone fireplace, and a pleasant little reading nook that extends out from the living area. The kitchen may be in line for an update, but offers plenty of cabinetry and counter space, along with a gas stove.

Stone fireplace

The home sits on a 2,058-square-foot lot, with the living space stacked atop a two-car garage that could certainly be mined for a little extra storage space.

Per the listing, recent updates include a new roof, hot water heater, garbage disposal, and new windows.

Rooftop deck

The home last sold in 2012 for $262,000; it’s now back on the market seeking $549,000. An open house is scheduled for 2 to 5 p.m. Sunday.

LA apartment rentals: What $1,800 rents you right now

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From Miracle Mile to North Hollywood

Welcome to Curbed Comparisons, where we explore what you can rent or buy for a certain dollar amount in various LA ‘hoods. We’ve found five rentals within $100 of today’s price: $1,800.

↑ This handsome Mid-Wilshire one-bedroom is walking distance to the Grove. With a decorative fireplace and lovely moldings, it has vintage glamour to spare. It rents for $1,850.

↑ This two-bedroom apartment in North Hollywood has 800 square feet of space, hardwood floors, and an adorable kitchen with retro trim on the cabinets. Parking is included in the $1,800 rent.

↑ This compact, 572-square-foot studio apartment in Brentwood along Sunset Boulevard has hardwood floors, stainless steel appliances, and a view of the communal pool. The apartment comes with one parking spot, too. Rent is $1,800.

↑ Located in Hollywood, just blocks from the West Hollywood border, this 600-square-foot studio apartment features wood floors, Caesarstone counters, and laundry machines in the apartment—no sharing! Rent here is $1,850.

↑ The charm is turned up to 11 at this one-bedroom apartment in Pico-Robertson: decorative ceilings, and original moldings and tilework. The apartment also features hardwood floors and in-unit laundry. Rent is $1,895.

Beyoncé and Jay Z reportedly renting lavish Malibu estate for $400K per month

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A totally private hideaway for the famous couple and their family

Power couple/new parents Beyoncé and Jay Z and their family have reportedly taken up residence in a decadent Malibu estate known as La Villa Contenta.

Trulia and Variety say the world-famous couple and their growing family are renting the property, which has listed rates of $400,000 per month—the summertime premium for the estate. (In the colder months, it rents for a mere $350,000).

The 6.3-acre spread has been for sale for several years, and is concurrently listed for a heart-stopping $54.5 million. It’s hidden behind a large gate and towering hedge, and offers unobstructed views of the ocean.

The main residence is an explosion of all the most decadent finishes and decor possible: a foyer with hand-laid mosaic tiles, a dining room with a carved limestone ceiling and matching eighteenth century crystal and amethyst chandeliers, a marble fireplace by Hermes in the library.

The property also features a six-bedroom guest house, a greenhouse—one of the largest private greenhouses in the state, the listing copy claims—and an elaborate building devoted to housing the estate’s indoor pool, which is tiled with famed Italian Murano glass.

Beyoncé and Jay Z had previously rented homes in Holmby Hills and in Beverly Hills, but this coastal rental is their most expensive by far.

Rumors have circulated that the couple bid on a couple of houses in Los Angeles’s high-end neighborhoods (Bel Air, Beverly Hills), but they have yet to make a purchase.

[vimeo 210628436]

LA millennials have the lowest rate of homeownership in the nation

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Less than 18 percent of young adults own across the metro area

It’s become common knowledge lately that millennials are too busy chowing down on avocado toast to enjoy the benefits of homeownership, but members of the youthful generation are stuck renting more often in some areas more than others.

As it turns out, there may be no worse place to be a millennial looking to buy than Los Angeles. According to a new study from rental website Abodo, the metro area has the very lowest rate of homeownership among adults under the age of 35 in the nation.

While just over half of millennials own homes in the Ogden-Clearfield, Utah area—first place of the 135 cities surveyed in the study—just 17.8 percent of young adults in LA can say the same. The remaining 82.2 percent of LA millennials (who don’t live with their parents) are stuck paying rent.

Further discouraging to young home shoppers: with median home prices around $560,000, saving for a house in LA can be a truly monumental task. Abodo estimates that, assuming that prospective buyers are able to put aside 15 percent of their earnings a month, it will take the typical LA millennial more than 32 years to save for a hefty 20 percent down payment of $112,033.

Other urban areas, such as San Jose and San Francisco, require higher down payments, but young people also tend to earn more in those cities.

Obviously, predicting the time it will take to save for a down payment can be tricky because housing costs are bound to fluctuate over time, and many millennials will earn more as they grow older. Still, the estimate does help to illustrate why many younger renters won’t be opting out of their lease any time soon.

The data Abodo used to determine rates of homeownership among millennials comes from the U.S. Census Bureau’s 2015 American Community Survey. According to those statistics, about 32 percent of millennials nationwide own their own homes.

Theatre at Ace Hotel: A video tour

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The historic venue was once one of LA’s most glamorous movie houses

The Downtown Los Angeles outpost of the trendy Ace Hotel chain opened just three years ago, but it has already become something of a local institution, providing an impressive backdrop for countless Instagram posts from tourists and Downtown residents alike.

But the Broadway building that the hotel is housed in has been making its mark on visitors for nearly 90 years. It opened at the end of 1927 as the United Artists Theatre, a flagship venue for the United Artists film studio founded by Golden Age Hollywood icons Mary Pickford, Douglas Fairbanks, Charlie Chaplin, and DW Griffith.

The building was designed by architect C. Howard Crane, who modeled the opulent theater after Spain’s Gothic-style Segovia Cathedral. In its early heyday, the theater was one of the most awe-inspiring venues in the nation, with ornate metalwork, vaulted ceilings, carved columns, and a towering dome above the auditorium.

Elaborate murals depict United Artist’s founders and silent stars of the day, as well as heroic-looking nude figures alleged to be modeled after the studio’s board of directors.

Like many of Broadway’s historic movie houses, the theater had stopped showing movies by the 1990s, eventually becoming a church (hence the glowing “Jesus Saves” sign atop the building).

When the Ace Hotel moved in, the theater was completely restored, with reupholstered seating, new carpeting, and LED lights to highlight the showroom’s spectacular dome. It was also renamed as the Theatre at Ace Hotel.

Today, the theater serves as a multipurpose venue, hosting regular concerts and live performances. It’s also once more a place to see movies—occasionally. Most recently, the LA Conservancy’s Last Remaining Seats film series brought classic silent film Wings to the venerable movie palace.

Los Feliz Spanish-style with sweet guest house seeks $2.1M

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A striking staircase and a bold color choice in the kitchen

Located between Los Feliz and Griffith Park boulevards, this Spanish Colonial Revival-style pad is in a fantastic, high-rent nook of the city, and, according to the listing copy, offers both privacy and views of the neighboring hills.

The three-bedroom, three-bathroom residence holds a stately entryway staircase, coved ceilings, wood floors, and a vibrant kitchen with cobalt blue cabinets and a patterned tile backsplash.

Fun colors aren’t just confined to the kitchen: At least two of the bathrooms contain what looks to be original tile in yellow and teal, respectively.

The house’s living area opens to a courtyard and the backyard beyond. Sharing the lot with the main house is an adorable, possibly unpermitted guest house with its own bedroom, bathroom, and kitchenette.

The property is listed for $2.095 million, and after 19 days on the market, it’s accepting back-up offers.

 
 
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