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2424 Nottingham Ave
Los Angeles, CA 90027
$19,800,000
Conventional
Property
Bedroom
10
Bathroom
12
Property Type
Conventional
Square ft
10403
Property Description
An architectural legacy with an entertainment industry pedigree, this classic Los Feliz Heights compound is gorgeously situated behind gates in a lush, terraced garden. Designed in his favored Spanish Colonial Revival style by Carleton Winslow, Sr., architect of the Bel Air Country Club and the Los Angeles Public Library, among many other landmark properties, the residence was built in 1924. The gardens, created for both grand-scale and intimate entertaining, were designed by renowned landscape architect Paul J. Howard.Arched windows and doorways, beamed and vaulted ceilings, original fountains with century old tiles, enclosed courtyards, ornamental wrought iron, and arcaded porches contribute to an atmosphere of warm elegance and exceptional comfort. In addition to the main house, there is a detached three-bedroom guesthouse with a full kitchen, and a separate apartment suite with a kitchenette.The front door opens into a majestic foyer with ornate vaulted and painted ceilings and Spanish tile floors. Off the foyer and two steps down is the living room, a stately entertaining space with vaulted ceilings, a huge fireplace, enormous arched windows, wood plank floors, and French doors to a garden patio. Adjacent to the living room is a handsome office/library with shelf-lined walls, a fireplace with tile hearth, and French doors to a balcony overlooking the backyard.Another door off the foyer leads to the formal dining room, a space of almost chapel-like tranquility that occupies the turreted tower. The vaulted ceiling is hand-detailed and leaded glass windows enjoy views of the backyard. At the end of the foyer and adjacent to the dining room is the family room and kitchen, complete with top-quality appliances, a bar area, a butler's pantry, plus a casual dining area and comfortable seating.A spiral staircase leads to the lower level, which is home to a spacious entertainment lounge with a fireplace, a tiled wine cellar/tasting room, a sparkling wet bar with marble countertops and illuminated shelves, an office/bonus room with French doors to the backyard, a bathroom with a sauna, and a laundry room.On the upper floor there are five lovely bedrooms, including the primary suite. Awash with natural light, this serene space has a corner fireplace, Malibu tile, walk-in closet, and dual bathrooms, one with a fireplace and views of downtown Los Angeles.The guest house is located at the front of the main house, with a separate entrance, a large living room with wood floors and a fireplace, a large deck, a dining room, kitchen, full bath, and two bedrooms on the main floor, plus an additional bedroom, bath, and office/sitting area upstairs. A garage/full gym is adjacent. Also separate from the house is a one-bedroom staff or guest suite with a living room, kitchenette, and full bath.The grounds are a world apart a sort of private wonderland. Off the fountained front yard, a gate opens to the pool area, with tropical plantings, lounging patio, covered porch, and room for dining and entertaining. The backyard's specimen trees are maintained by an arborist. Near the house is a large lawn, a patio, an exterior fireplace, and numerous areas for dining and relaxing. A stone pathway meanders among huge ferns and lush gardens to a creek with a foot bridge, a "hidden" outdoor tea room, and a bamboo garden patio with three classical pillars.The estate's additional amenities include a three-car garage plus guest parking, a skate ramp, new central air conditioning and heating, Sonos sound, security system, tankless soft water, and much more. This is a rare property in one of Southern California's most notable historic neighborhoods.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1924
MLS Number
24-369385
Location
Address
2424 Nottingham Ave
City
Los Angeles
State
CA
Zip Code
90027
County
LOS ANGELES (NORTHWEST LA)
Listing
Provider
Coldwell Banker Realty, original listing
Name
Coldwell Banker Realty
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(310) 777-6200
Agent Name
Elliott Law

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.