Tyra Banks Picks Up Fourth Posh Pad in Pacific Palisades

By Mark David | Variety.com

Location: Pacific Palisades, Calif.

Price: $6.995 million

Size: 6,160 square feet, 5 bedrooms, 5.5 bathrooms


Photo Credit: Coldwell Banker | Variety.com

Photo Credit: Coldwell Banker | Variety.com

Perhaps seeking more space to accommodate her growing family, supermodel turned two-time Emmy winning daytime chat show host, reality TV tycoon and cosmetics mogul Tyra Banks shelled out $6.995 million for a multi-story, ocean-view contemporary just above the downtown shopping and dining district in affluent Pacific Palisades, California. Built in 2014 and a jigsaw puzzle-like collection of white stucco volumes broken up by expansive windows and slender balconies, the residence towers three stories above the street with five bedrooms and 5.5 bathrooms in 6,160 square feet of nearly new and comfortably modern interior space.

Nestled discreetly under a shallow, wood-paneled overhang on the second floor, the front door opens efficiently if inelegantly directly into a combination living and dining room with honey-toned wide-plank hardwood floorboards and a bank of windows that frame glittery blue and green views over the treetops of Pacific Palisades and the Pacific Ocean. Less formal family quarters include an open-plan kitchen with sleekly unadorned dove-grey cabinets and flannel grey and white striated marble countertops that waterfall over the ends of the over-sized center island with three-stool snack bar. A low, pony all divider with a double-sided gas fireplace separates the informal dining space next to the kitchen from a cozily proportioned family room that features a pale gray brick accent wall, a long and low built-in media cabinet and an entire wall of floor-to-ceiling glass panels that slide open to a small covered deck that overlooks the backyard.

Along with a street-facing two-car garage, the semi-subterranean ground floor offers a roomy bedroom suite for guests or staff, a walk-in wine cellar lined with custom bottle racks, a fitness room or children’s playroom and a high-ceiled games room/media lounge decked out with a wet bar, an in-ceiling speaker system and a wall-mounted 120-inch projection screen. Bedrooms are well separate for privacy and in addition to the aforementioned ground floor suite include a main floor bedroom easily converted to an office or den plus two more guest or family bedrooms on the upper most level along with a spacious, top-floor master suite that incorporates an adjoining sitting room, a fitted walk-in closet and a spa-style bathroom that opens through glass sliders to a pint-sized walled courtyard terrace.

Glass doors in the family room and main floor bedroom/den lead out to a terraced backyard with a flat patch of emerald lawn and a plunge-sized negative edge swimming pool surrounded by white limestone terracing. A dramatic rooftop terrace, also paved with white limestone tiles and ringed by a glass railing, offers a built-in barbecue, a fire pit with cushioned built-in banquette seating, a partially sunken molded plastic hot tub that likely had to be craned into place and unobstructed 360-degree ocean, mountain and city lights views.

Banks, currently the host of the long-running reality series “America’s Next Top Model,” which she created and executive produces, a judge on “America’s Got Talent” and, earlier this year, an adviser on “The New Celebrity Apprentice,” maintains an extensive and often in-flux portfolio of residential properties on both the East and West coasts. In addition to the house she just bought, Banks own at least three other multi-million dollar homes in Pacific Palisades, including a 4,797-square-foot, ocean-view contemporary she picked up in an off-market deal over the summer of 2016 for $7.35 million.

Last year the smizing catwalker sold a 2,447-square-foot residence in Northern California’s wine-soaked community of Sonoma for $2.6 million after buying it just two years earlier for $2.185 million; In 2016 she sold her longtime former home in Beverly Hills for $6.33 million; and in 2015 she sold a two-bedroom condo in New York City’s SoHo for $4.25 but continues to own a massive, suburban macmansion-sized duplex in a swanky Battery Park complex — it’s a 7,000-square-foot combination of four units — that she bought in early 2009 for a total of $10.131 million and, after it popped up for rent several times at a mouth-drying $50,000 per month, unsuccessfully attempted to sell last year at $17.5 million.

Listing photos: Coldwell Banker

http://variety.com/2018/dirt/real-estalker/tyra-banks-pacific-palisades-contemporary-1202724280/?utm_medium=email&utm_source=exacttarget&utm_campaign=dirt&utm_content=89375&utm_term=2352967

 

LA rental map: Where prices are highest and lowest around the area

The cost of rent can vary wildly from neighborhood to neighborhood

by Elijah Chiland Jun 20, 2017, 8:33pm PDT

According to rental website Zumper, Santa Monica has the highest rents in the LA area  Shutterstock

According to rental website Zumper, Santa Monica has the highest rents in the LA area

Shutterstock

Los Angeles rental prices are high and getting higher, but prices can vary quite a bit from neighborhood to neighborhood. Rental website Zumper has released a map showing where rents are highest—and lowest—in different parts of the LA region this month.

The prices are based on one-bedroom apartment listings featured on Zumper’s site, so they may trend toward higher-end developments, but the map certainly gives an idea of which neighborhoods are in demand with those looking for a new place.

The most expensive area on the map is Santa Monica, where median rental prices are $3,050 per month, according to Zumper. Neighboring beach communities Venice and Marina del Rey aren’t far behind, with prices hovering around $2,950 and $2,740, respectively.

An influx of tech money in the area may have contributed to the rising rents in these neighborhoods, where prices are now higher than ritzy neighborhoods like Westwood ($2,660) and Beverly Hills ($2,650).

Prices are also quite high in Downtown LA, where Zumper lists the median one-bedroom price as $2,500. That amount is especially high given that prices in surrounding neighborhoods like Westlake ($1,550), Pico Union ($1,425), and Echo Park ($1,770) are hundreds of dollars less per month.

https://la.curbed.com/2017/6/20/15843334/la-rental-prices-map-neighborhoods-los-angeles

 

The richest neighborhoods in Los Angeles

Nope, Beverly Hills is not No. 1

by Elijah Chiland and Bianca Barragan May 30, 2017, 4:45pm PDT

For well over a century, Los Angeles has been attracting plenty of wealthy residents seeking the success-affirming ocean views and rays of California sunshine.

But when it comes to picking a neighborhood, where are the wealthy citizens of LA most likely to settle?

Photo Courtesy of Mercer Vine

Photo Courtesy of Mercer Vine

Not too surprisingly, the answer seems to be Bel Air—where developers of behemoth megamansions are on a real tear lately.

That’s according to a recent analysis by L.A. Biz, in collaboration with mapping data company Esri. The study examined the wealthiest zip codes in LA County. Here are the top 10:

  1. 90077 (Bel Air/Beverly Glen)
  2. 90274 (Palos Verdes Estates)
  3. 91108 (San Marino)
  4. 90272 (Pacific Palisades/Rustic Canyon)
  5. 91011 (La Cañada Flintridge)
  6. 90210 (Beverly Hills)
  7. 91302 (Hidden Hills/Calabasas)
  8. 91436 (Encino)
  9. 90402 (Santa Monica/Santa Monica Canyon)
  10. 90275 (Rancho Palos Verdes)

For a more detailed analysis of the wealthiest neighborhoods, check out the Higley 1000—a report that uses information from the Census Bureau's American Community Survey 2006-2010, examines census tract subdivisions, and pinpoints the nation's most affluent neighborhoods according to their mean household incomes. (Fun!)

Recent results (via The Atlantic Cities) reveal that, of the top 1,000 wealthiest neighborhoods nationwide, a total of 55 of them are in LA County. We've gone and narrowed it down even further, picking out the top 10 in LA County.

Some of the usual suspects, like Beverly Hills (also distinguished as the most unequal city in California), obviously made the cut but there are quite a few surprises (and curious absences) on the list.

The top 10 richest neighborhoods in Los Angeles County, with their mean household income:

  1. Beverly Park: $502,440
  2. The Hill Section of Manhattan Beach: $399,820
  3. Beverly Hills (the 90120 section): $395,734
  4. Hidden Hills: $383,731
  5. Rolling Hills: $373,524
  6. Bel-Air Estates: $355,007
  7. Upper Laurel Canyon: $332,037
  8. Brentwood Park: $324,289
  9. Coldwater Canyon: $323,929
  10. Brentwood Heights: $321,933

Explaining how some well-known hubs of affluence could have slipped in the rankings, the folks at Higley explain it's all those not-rich people in multi-family housing:

"A small change in boundaries, particularly if apartments, condominiums are included, can cause a neighborhood's income to plummet. The neighborhood that was number one in 2000, Holmby Hills in the Platinum Triangle had its boundaries redrawn to take in smaller homes in Westwood and hundreds of so-so condo high-rises on Wilshere [sic x100]."

Holmby Hills sunk to six-hundred-seventy-seventh place in this round of the Higley.

https://la.curbed.com/2017/5/30/15716230/la-richest-neighborhoods-wealthy-expensive-incomes

Tom Hanks sells a pair of Pacific Palisades houses for $17.5M

They’re right next door to one another

by Elijah Chiland May 14, 2017, 1:40pm PDT

Photo Credit: Google Maps

Photo Credit: Google Maps

Patience has paid off for Academy Award-winning actor Tom Hanks and his wife, Rita Wilson. Nearly a year ago, the couple listed two Pacific Palisades homes located right next to one another for a combined $18 million. Now, Variety reports that a single buyer has purchased both properties for just over $17.5 million.

The smaller of the two homes, a 1933 Spanish-style with close to 4,000 square feet in floor area, sold for over $1 million under its $8.75 million asking price. But the other home, a 7,300-square-foot English-style mansion built in 1957 fetched over $10.1 million—well above the $9.25 million asking price.

Hanks and Wilson purchased the two properties in separate sales for a combined $13.1 million, so the couple has certainly scored a nice profit on the homes.

Oddly, the two actors own a third home right next door to the sold properties, which they appear to be hanging on to for now. It’s not their only Pacific Palisades residence either. In 2010, they paid $26 million for a 14,500-square-foot home formerly owned by producers Kathleen Kennedy and Frank Marshall (both have produced multiple movies starring Hanks).

Hanks and Wilson also sold a somewhat grandmotherly residence in 2013—also in Pacific Palisades. The couple certainly seem to be fans of the neighborhood.

https://la.curbed.com/2017/5/14/15638230/tom-hanks-la-house-pacific-palisades-next-door-sold