Hollywood Hills Luxury homes

It turns out playing a small-time lawyer on television can lead to a big-time home upgrade. Bob Odenkirk, who played supporting character Saul Goodman on “Breaking Bad” and is set to reprise his role in the upcoming “Better Call Saul,” has bought a stunning mid-century modern home in the Beechwood Canyon section of Hollywood Hills for a reported $3.3 million.

The home, originally built in 1940, has undergone significant renovations both indoors and out. Built in the Spanish style, the home remains fabulously entrenched in its period opulence with ornate archways and brilliantly-colored tiles that cover the stair risers. Designer Betsy Burnham oversaw a recent refurbishing of the interior of the home, which features 2,827 square feet of living space.

Some of the highlights of the home include its combination kitchen and family room outfitted with a fireplace, a library/study, five bedrooms, four and a half bathrooms and exquisite canyon views.

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The property’s updates didn’t stop at the backdoor, however. The grounds, which measure just over a quarter of an acre, were recently reimagined by noted garden designer Judy Kameon. Kameon incorporated the retro-fab feel of the interior on the outside with built-in bench seating surrounding a fire pit and a very secluded spa and pool area among mature tropical foliage.

Odenkirk and his wife definitely have proven they are mid-century modern minded. The couple recently sold a very sleek and modern home in Los Feliz for $2.45 million before purchasing their current real estate masterpiece.

Los Angeles Home Inventory Starts Off Year Strong

With the luxury market still humming along at its usually strong pace, the overall market for Los Angeles is looking great as well according to Altos Research, a California-based real estate analytics company. Altos reports strength in both home prices and inventory, which is surprising given the time of year which typically sees fewer homes on the market.

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Home prices have been decreasing in Los Angeles, albeit at a snail’s pace. The current median single-family home value for the city, which includes million-dollar neighborhoods along with standard homes at standard prices, is $609,119 as of January 2. This isn’t the highest the median home value has been in Los Angeles all year long, but is rather just a downgrade from a few months ago when it hit $650,000.

Also slowly coming off of a cresting trend is the amount of inventory available in Los Angeles. Inventory peaked just a few weeks ago in November but has since edged down slightly, coming to about 2,009 properties on the market at the very beginning of the year.

With inventory remaining strong and home prices coming down, this might be an ideal time for home buyers to swoop in and take advantage before things heat up in the spring and summer busy buying season.

If you are interested in Los Angeles luxury homes for sale, please feel free to contact our team of luxury property experts today. We’d love to help you find a great home in this community.

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