Hot Property: After more than two years, Byron Allen finds a buyer
April 21, 2009 | 4:22
pm
Comedian and talk-show host Byron Allen has sold a midcentury modern he owned in the "bird streets" area of the Hollywood Hills for $6.25 million -- after more than two years on the market.
The four-bedroom, 3 1/2-bathroom house has a swimming pool and views of downtown L.A., Century City and the ocean through walls of glass. The one-story, 3,562-square-foot home, built in 1965 and extensively remodeled, came on the market at $6,995,000 in 2007.
Interestingly, at one point during those years on the market the asking price was increased to $7,995,000. Allen bought the home in 2005 for about $4.35 million, according to public records.
-- Lauren Beale
Thoughts? Comments?
Photo: The pool, the view, the wait. Credit: Adrian Antz
Congratulations to the fortunate home buyer. What a lovely setting.
Posted by: Phyllis Harb | April 21, 2009 at 04:31 PM
Far beyond the affordability of 99.995% of the readers of this blog.
I dont really see the correlation between the prices of the homes for the rich, and the prices of the homes for the middle class.
Posted by: syscom3 | April 21, 2009 at 05:00 PM
What absolute fool paid that after two year on the market? And above 2005 pricing? You sure you have that sales price correct or was that last list price?
Posted by: greatest fools | April 21, 2009 at 08:24 PM
H-m-m-m. 30% over the 2005 price?! Methinks somebody overpaid.
Posted by: Chris in Sacramento | April 21, 2009 at 09:53 PM
So, do we focus on the $1.75 million discount from the "list" price -- or the $1.9 million price appreciation (44%) over the past 4 years?
Posted by: Drew | April 22, 2009 at 09:14 AM
Mr. Allen bought during the bubble and still made nearly $2 million in profit - not bad at all.
Posted by: RZ | April 22, 2009 at 09:47 AM
syscom3 posts: "I dont really see the correlation between the prices of the homes for the rich, and the prices of the homes for the middle class."
Haven't you been paying attention? Don't you know that the high end is about to collapse? That prices will drop another 50% or more to match the price drops in Palmdale?
If you couldn't tell, I was being sarcastic :-)
Posted by: Drew | April 22, 2009 at 02:01 PM
Jeez, only two million in profit! I guess things aren't as good as they used to be, huh?
Posted by: Milton | April 23, 2009 at 06:35 AM