Hello Daniel. That's a very good question and I think the answer will depend on the individual and what kind of a view is involved since not all views are created equally. In my experience, for resale purposes, a view does not add nearly as much as people hope for. It's similar to a pool. People like to have the pool, but they don't want to pay much extra for it. I think it would be interesting to hear from an appraiser on this issue. I would also want to know what a view is worth in a lawsuit (I know people have sued when their view was blocked by new construction). It will be interesting to see how others answer your question.... more
Los Feliz like the Sunset Strip and Hollywood Hills has alot of Industry people. This keeps the market strong. My feeling is that we are coming to the low end of this cycle and if you find something you truly love, strongly consider it. With the interest rates where they are if you are a strong buyer and plan on living in the home at least 5 years, you will be glad you made the move!
I am very familiar with the Los Feliz area. If you would like me to send you some active listings that fit your criteria, please let me know.
Thank you ,
Jill Lowy... more