LA Connection Property Blog: April 2010

Mind-Blowing Mega Leases in Los Angeles - Part 2

I recently blogged about some of the most expensive properties for lease in Los Angeles and Malibu.

Here are a few more of these mind-blowing mega leases to consider:

24826 Malibu Rd, Malibu, 90265 - $75,000

This sophisticated architectural home on Malibu Beach features 5-Bed and 6-Baths and has a high vaulted glass roof.

The property sold in 2003 for $3.2 Million and was re listed for sale in 2006 for a whopping $17.5 Million. The prices was reduced to $14.5 Million but never sold. 

In 2008 the home was listed For Lease at $75,000; records indicate it was rented out at $45,000 per month.

1235 Sierra Alta Way, Los Angeles, 90069 - $75,000

Situated in the Hollywood Hills is this 10-Bed 14-Bath 3-story house complete with a commercial elevator. The property also features a tennis court with city views and a resort-style grotto pool with waterfalls and slide.

In 2007 and 2008 the house was for sale at $17.9 Million but has subsequently been reduced to a current asking price of $8,995,000.

3001 Arrowhead Drive, Los Angeles, 90068 - $60,000

While available for lease at $60,000 per month, this architectural masterpiece is also available for sale at $12,000,000.

This unique home has retractable walls of glass, cantilevered decks and an infinity pool.

There's a $150,000 security deposit on the lease.

All information obtained from the CLAW MLS is deemed correct but not guaranteed. Photos courtesy of MLS.

If you're not represented by a Realtor/Broker and would like additional information on any of the properties pictured above or would like further information on any listings in the greater Los Angeles area, please do not hesitate to call or email me:

Stewart Penn (310) 844-6515 - stewart@pennpropertiesla.com

Comment balloon 6 commentsCOMPASS PALM SPRINGS | Stewart Penn • April 28 2010 10:37AM
Mind-Blowing Mega Leases in Los Angeles - Part 2
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