Real estate prices for the so-called 1 percent are reaching stratospheric levels in L.A. these days. A home that last decade would have cost you $10 million is now in the 20s or beyond. One recent listing was asking for .... $155 million. The federal government should intervene with housing assistance for the poor folks who have to pay these prices.
Thanks to the kind people at real estate website Zillow, we have a mouth-watering list of L.A.'s 10 most-expensive homes for sale (interestingly, all but one are within L.A. city limits):
10. 10425 Revuelta Way, Bel Air. If you don't have the means to go big, you don't necessarily have to go home. This 22,900 square foot estate on nearly two acres only has 16-and-a-half bathrooms. Slum it if you must. Price: $26,995,000.
9. 10346 Moorpark St., Toluca Lake. This one's for you folks who need to spend eight figures on a home but don't want to live on the gilded Westside. In fact, it's the only listing here that's not on the Westside. This Valley property sits on a whopping five acres and features eight bedrooms. Price: $27.5 million.
8. 385 Copa De Oro Rd., Bel Air. If you have to have new, this is close to it. The 10,616-square-foot, circa-2006 mansion sits on slightly more than an acre of land and has seven bathrooms. Remember, copa de oro means cup of gold, and you better have several of those in the bank if you want this puppy. Price: $27.5 million.
7. 9501 Gloaming Dr., Los Angeles. If you're going to pay nearly $30 million for a pad, you might as well get one that's at the top of the hills. This one comes with a rare bonus, even in these here real-estate big leagues: 10-plus acres of some of the most-prime real estate in America. It also comes with the coveted "Beverly Hills Post Office" zip code of 90210, though it's technically in the city of L.A., as are all the listings so far. Price:$29.5 million.
6. 3100 Mandeville Canyon Rd., Mandeville Canyon. This little collection of shacks (there are five structures on-site) lies west of the 405 freeway near the Skirball Culture Center. Its biggest attribute, arguably, is an amount of acreage almost unheard of in the rest of the city: 48. Wow.
Also, for you discount shoppers, there has been a $5 million price cut, Zillow says. You and a few dozen of your friends could call this place home for a low, low price: $29,950,000.
To see the other five homes, head over to LA Weekly
If you are thinking of buying one of these homes or something a little slightly less pricey and you need a mortgage to get the job done, give Bill Rayman a call. He has vast experience in the mortgage business and is now associated with one of the largest mortgage originators in the US, Guranteed Rate. Call or email