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Linwood Fullam's Blog

By Linwood Fullam, III | Agent in Burbank, CA
  • Harry Styles, British Boy Band Leader Buys Bev Hills Bachelor Pad

    Posted Under: General Area in Los Angeles, Quality of Life in Los Angeles, Celebrity Homes in Los Angeles  |  April 15, 2014 10:12 AM  |  392 views  |  No comments

    I just heard word from that British bubble gum pop boy bander Harry Styles bought a bachelor pad mini-compound on a gated, celeb-approved street in the Post Office area of Beverly Hills.


    According to our sources, Mister Styles—just twenty years old, wild-maned, prodigiously tatted up and one of vindictive pop country superstar Taylor Swift's ex-boyfriends—purchased the property via trust in late February for, according to property records, exactly $4,000,000.

    Listing details show the glassy, post and beam-built main house was originally built in 1967 and later reworked by Bogata, Columbia-born and L.A.-based contemporary architect Alejandro Ortiz who, amongst other modernizing conceits, wrapped the exterior in a unifying skin of thin, horizontal wood slats. Listing details don't indicate the square footage of the residence but the Los Angeles County Tax Man puts it at 2,820, a figure that may or may not be accurate and probably does not include the detached guest house tucked under the street-level three-car garage.

    A gated entry at the street opens to an unexpectedly and exceptionally long, tree- and vine-enshrouded elevated covered bridge that spans and overlooks a lushly landscaped sunken central courtyard. While this is certainly an unusual feature sure to be a topic of conversation at all future pool and dinner parties it also means Hortencia the Housekeeper will need to be paid extra a few extra shekels to schlep the groceries all the way from the driveway and garage. Anyways...

    The (rather fuzzy) floor plan included with digital marketing materials suggests there are four or possibly five bedrooms and 3.5 bathrooms spread throughout the three story main residence. They include a pair of canyon-view guest/family bedrooms that share a hall bathroom and a garden level master suite with two walk-in closets and a compartmentalized bathroom. Entire walls of glass on opposite ends of the master bedroom provide direct access to a slender veranda that overlooks the rugged canyon behind that house and a semi-private outdoor lounge that opens to the verdant central courtyard.

    Wood floors extend throughout the uppermost main level where an open-concept main living space a a frosted glass-faced fireplace and both canyon and courtyard views in the living area and a wet bar and a long wall of canyon view floor-to-ceiling windows in the dining area.

    The well-equipped kitchen a sleek white and off-white cabinetry topped with bright orange counter tops. Now, children, nobody loves the color orange more. Indeed we have a newly installed shower coated entirely in tangerine-hued glass tiles. However, hunties, iffin we're being honest—and we always are—these electric orange counter tops in this kitchen give us the willies. Even more mortifying, however, is the amoebic, built-in snack bar peninsula that, frankly, does a lousy and odd job of dividing the kitchen area from the main living/dining area. Surely there is a better solution than this, right? But we digress...

    More successful by this property gossips utterly meaningless opinion are the adjacent, tree house-like breakfast room and, at the opposite end of the house, a roomy den where a single, simple wood plank that serves as home office space spans the full width of the room in front of a solid wall of floor-to-ceiling glass.

    The lowest level of the house has, as best as we can tell, an en-suite bedroom with private deck, a large laundry room, and a flexi-use room that opens to its own wrap-around deck that all but hangs over the canyon. The detached guest house—located, as we mentioned before, across the sunken courtyard from the main house under the street-level three car garage—has a combination living/dining/kitchen lined with simple plywood bookshelves, a separate bedroom, and a good-sized bathroom with separate tub and stall shower.

    A series of shaded verandas and and multi-level decks linked by a dramatically and wonderfully wide stairway descends grandly from the upper level of the main house to the courtyard where in addition to a patch of grass large enough for a rousing, booze-fueled game of badminton—shuttlecock, anyone?—there's a simple, rectangular swimming pool backed by a towering, privacy-ensuring wall of trees and shrubs.

    Some of Mister Styles's nearest neighbors in his new Bev Hills Post Office nabe include age-defying actress Demi Moore, Beverly Hills Housewives' Lisa Vanderpump and hubby Ken Todd, tennis-loving comedian Jon Lovitz, and veteran actor Jon Voight. Last October, celebrity real estate watchers will recall, Mark Wahlberg sold his long-time compound for almost $13 million and moved to a custom-built mega manse on more than six acres in the guard-gated Beverly Park development.

    Mister Styles, like many famous folk of his vaunted stature, is ften rumored to be snatching up multi-million dollar residences—including this four-floor waterfront manse in Key Biscayne, FL, that he did not buy—but the only home  Mister Styles actually owns is a gated and high-walled three-story house on a fairly busy road in North London's semi-urban and partly pastoral Hampstead Heath area that he picked up about a year and a half ago for about £3,000,000.

    NOTES: For a handful of photos of the residence at the time of it's renovation by Alejandro Ortiz, have a look see here.
  • Bob Hope's 1939 Dream Home is for Sale in Toluca Lake!

    Posted Under: Home Buying in Toluca Lake, Celebrity Homes in Toluca Lake, In My Neighborhood in Toluca Lake  |  September 23, 2013 12:48 PM  |  510 views  |  No comments

    Bob and Delores Hope's Dream home is for sale in my neighborhood in Toluca Lake! If you want a home in #Tolucalake and have a budget of $27.5M I would love to help you buy the Hope's 5 acre estate! Here is information from the LA Times...

    Richard Nixon
    's helicopter once landed on the back lawn so the president could play a round at the nearby Lakeside Golf Club. Lucille Ball and Jack Benny drank and gossiped at the holiday parties in the living room. And the homeowner, Bob Hope, tried out punch lines on his kids in the dining room.

    For the first time since the long-lived entertainer built his home in a San Fernando Valley walnut grove in 1939, Hope's 5.16-acre Toluca Lake estate will go on the market Monday, at an asking price of $27.5 million.

    The compound that Hope shared with his wife, Dolores, and their four children has a nearly 15,000-square-foot house, a golf hole, an indoor pool and a manicured rose garden. The flat, sprawling lot is unusual for the upscale neighborhood and others like it; in Toluca Lake and similar ZIP Codes in Sherman Oaks, Encino, Studio City, Bel-Air, Holmby Hills and Beverly Hills, there are only 22 properties of more than five acres that belong to a single owner, according to a property search conducted by the estate.

    The comedian and movie star collected real estate and at one point was one of California's largest individual property owners, holding some 10,000 acres in the San Fernando Valley alone. But it was the house at 10346 Moorpark St. that he considered home, according to his daughter, Linda Hope, who still lives a few blocks away.

    "The Moorpark house is a very special property in the Valley and something that meant a whole lot to my mother and dad," she said. "They built what for them was kind of a dream house."

    The sale will mark a major change in the neighborhood that the Hopes helped to shape.

    The home, which is listed with Jade Mills of Coldwell Banker and Drew Fenton of Hilton & Hyland, has grown and evolved over the years. Architect Robert Finkelhor designed the original English traditional-style main house, and in the 1950s, John Elgin Woolf renovated it in a more contemporary style, using glass to accommodate Dolores' desire to bring the expansive feeling of the grounds inside.

    The Hopes left many belongings for their heirs to sort and distribute, a process that has taken years: multiple auctions of items such as Bob's golf cart and Dolores' Chinese porcelain, a sale at St. Charles Borromeo Church and a garage sale at the home that had lines stretching down Moorpark.

    Another Hope home, in Palm Springs, a modernist estate that architect John Lautner designed to resemble a volcano, went on the market in February with an asking price of $50 million and has yet to find a buyer.

    "Putting the Moorpark house on the market, in a way it's a light at the end of the tunnel," Linda Hope said. "It's been an occupation for two years at least. Every time we'd open a closet, we'd go, 'Ahh!' "

    One amusing find, particularly given the Hopes' vast wealth, was bags of quarters — Dolores' winnings from years of playing gin rummy with actor Telly Savalas.

    The six-bedroom, seven-bathroom main house has been staged for sale with contemporary furnishings, but elements of the Hopes' lifestyle dot the property, including the giant "H" in the iron entry gates.

    When Bob Hope traveled, often on one of his 57 tours to entertain the U.S. military, Dolores liked to add a room or two. "When Dad came back, Mother would joke that he'd need a road map to find the bedroom," Linda Hope said.

    The estate was designed around the particular needs of the Hopes, including privacy, with large trees bordering the grounds, and a 4,000-square-foot front office building for the staff that managed the Hopes' very successful businesses in radio, television, film and real estate.

    The Hopes, who had met at a nightclub in New York where Dolores was singing, arrived in Los Angeles in 1937 via the Super Chief passenger train. In town for Bob's first feature film, Paramount's "The Big Broadcast of 1938," they planned to stay for a few weeks. Instead, Bob would go on to make more than 50 more movies, and they would build the home where they remained until their deaths, his at age 100 in 2003, hers at 102 in 2011.

    Both avid golfers, Bob and Dolores selected the location, Linda said, because it was "basically a long driver from Lakeside." At the time, many entertainers were moving west from New York, and silent-film stars such as Mary Pickford and Rudolph Valentino had built their homes in the Beverly Hills area.

    Toluca Lake was transitioning from agricultural to residential. The unpretentious neighborhood was one of the Valley's first bedroom communities, convenient to the nearby Disney, Warner Bros. and Universal studios lots. Hope's friend and eventual co-star Bing Crosby lived nearby on Camarillo Street, and Amelia Earhart had just plotted her final voyage from under a carob tree in her yard on Valley Spring Lane. Frank Sinatra and Roy Disney also settled in the area.

  • HGTV is looking for Los Angeles Home Buyers and Sellers to film for their TV Show

    Posted Under: Home Buying in Los Angeles, Home Selling in Los Angeles, Celebrity Homes in Los Angeles  |  July 24, 2013 1:03 PM  |  513 views  |  No comments

    HGTV is now looking for dynamic, outspoken couples or families searching for a home in the greater Los Angeles area to appear in a new real estate television series. If you're searching for a unique home, or just the right place to call your dream home, or think that having your home search televised would be a positive experience then apply with me now to be a part of the show. I will represent you as your buyers agent and hopefully HGTV will pick you as their home buyer for LA.

    If you're interested please send me an email with the following information to LFullam@ziprealty.com so that we can apply to be on the show.

    • Your name, family names, contact number and email address
    • City where you’d like to move (greater Los Angeles only)
    • Your price range
    • Photos of the family
    • A paragraph about why you’re ready to move

    HGTV is also looking for dynamic and outspoken sellers in the greater Los Angeles area. If you have a house ou're considering putting on the market, or you're having difficulty in pricing your home, or your house has unique qualities that buyers don't seem to appreciate, then apply to be a part of the show.  Send me an email with the following information to LFullam@Ziprealty.com

    • Your name, contact number and email address
    • City where your home is located (greater Los Angeles only)
    • Listing price range
    • Photos of the family and the house
    • A paragraph about why you need help selling your house
  • Los Angeles Home flipping is back — and it's going upscale.

    Posted Under: Market Conditions in Studio City, Home Buying in Studio City, Celebrity Homes in Studio City  |  November 26, 2012 11:28 AM  |  311 views  |  No comments

    The rapid-fire buying, fixing and reselling of houses played out on a mass scale during the bubble years in LA, when prices were soaring. Back then, flippers could reap fat profits by adding little more than a fresh coat of paint. The practice all but vanished in the mortgage meltdown as values plummeted from 2007-2011.

    Now with prices on the rise in many areas like Hollywood Hills, Studio City, Sherman Oaks with top-quality homes in short supply, home flippers are flooding back into the market. Nearly 100,000 homes flipped nationwide in the first half of the year, up 25% from the same period last year, according to real estate information firm RealtyTrac, which defines a flip as a house resold within six months of purchase.

    Multimillion-dollar home flipping, in areas like Beverly Hills and Bel Air, which isn't tracked separately, can take much longer to complete — up to two years in some instances. But luxury home flipping is heating up in affluent neighborhoods, according to real estate experts. They said there's pent-up demand from well-heeled move-up buyers looking for turn-key homes.

    "They are stepping off the sidelines because the housing market is doing better and interest rates are still very low," said Paul Habibi, who teaches real estate at the UCLA Anderson School of Management.

    Flips in the $1-million-and-up price range may involve foreclosures, or outdated or damaged homes. Some simply need sprucing up.

    Flippers include local builders as well as investors seeking better returns than they can get from bonds and savings accounts that are paying next to nothing. Habibi said flippers are more confident than they were a year ago that they can resell quickly without ending up with a house languishing for sale.

    "There's a sentiment now that you don't really want to miss the boat," Habibi said, "that the days of price decreases are behind us."

    Even some real estate agents are getting in on the action, Rodeo Realty agent Josh Flagg said. "Everybody who has cash is doing flips."

    Flippers are being helped by a dearth of homes for sale.

    A normal market has enough homes up for sale to last six or seven months. In October, California's total inventory of unsold homes fell to 3.1 months from 5.5 months a year earlier, according to the California Assn. of Realtors. For houses priced at $1 million and up, the supply of unsold homes stood at 5.8 months, down from 10.7 months a year earlier.

    Hollywood connections have brought some top-dollar turnarounds to light.

    A traditional-style house in Bel-Air where Judy Garland lived growing up sold last year for $5.2 million. With fresh paint and some minor upgrades, the two-story home resold 14 months later for $6.77 million. (- Article published in LA Times this Sunday)

    About the Blogger: Linwood Fullam is a Burbank Resident who lives near the Toluca Lake Line. He represents primarily Buyers, and is an expert in East San Fernando Valley areas of Hollywood Hills, Studio City, Toluca Lake, North Hollywood, Glendale, Burbank and LA. When not selling real estate he likes Tennis, travel, and is an active Runner with LA Frontrunners.

 
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