After a very strong April in terms of new inventory, May got off to a slow start this week with only a few new listings hitting the market. However, I expect this to be a short hiccup on what has been an increasingly robust Spring season and I look for more new inventory to pop up next week.
Despite the slow week, there was one extremely rare listing that came available in Mar Vista. In the late 1940s, renown architect Gregory Ain built a tract of 52 minimalist mid-century homes across four streets at the base of Mar Vista Hill. The houses have become increasingly sought after for their historic value (the area was named a historic preservation zone by the City of LA), their classic and simplistic design, and their large lot sizes.
This week’s top property is a particularly special Gregory Ain home because of the attention to detail the owner has taken in restoring the home to its original detail. The home is located at 3500 Beethoven Street and it is listed for $1,295,000. The home has 3 bedrooms, 1 bath in roughly 1,000 square feet, plus a 450 square foot permitted office that was previously the garage.
As I mentioned before, the owners have done an impeccable job of restoring the home to its previous glory and have kept the original mid-century charm of the home alive. This includes preserving the original polished concrete floors, preserving the floor to ceiling windows, and restoring the original sliding walls that provide flexibility to all the rooms of the house. The least of these details is the furniture. While it may not come with the house, the owner’s collection of period pieces fit the house perfectly and complete the look of the home.
While the interior space of the home is dazzling, the outdoor space adds a level of livability to the house and is incredibly private. There is a spacious outdoor dining area and a large grassy yard just off the living room that is perfect for both entertaining and as a play area for kids. The converted garage is also a wonderful bonus space that alleviates some of the concern of the size of the main house.
This home is definitely not for everyone. The price per square foot for the home is high for the area, so you have to have to have a distinct appreciation for this style. It is a minimalist house and a small house by today’s standards. One bathroom is hardly practical for most families, so it is likely this home will be a for a single couple, or a couple with just one child.
But for those who do appreciate Gregory Ain’s architecture this home is something special. It didn’t surprise me that the first open house was absolutely packed with people clamoring to take a peak at the home. This home will sell quickly and over the already rich asking price.
If you have any questions about this top property, or the market in general please do not hesitate to contact me.