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 -

Comment balloon 6 commentsCOMPASS PALM SPRINGS | Stewart Penn • April 28 2010 10:37AM
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… more
La Terrasse - A New Condo Development - 447 N Doheny Drive, Beverly…
There's another luxury condo development being built in Beverly Hills - La Terrasse. 8 of the 20 units under construction have been listed on The MLS, ranging in size from 1596 - 4083 sqare feet. The smallest unit is a 1-Bed 1. 5 Bath on… more
A Glimpse Into The Soul of Goldman Sachs
Today we had a glimpse into the soul of Goldman Sachs. We witnessed an incredible denial of responsibility or accountability by remarkably intelligent executives of the firm. Senator Carl Levin asked why Goldman Sachs… more
Actress Diane Keaton Lists at a Loss
Actress Diane Keaton (well known for her interest in restoring architecturally significant properties) is selling her property at 14148 W Sunset Blvd in the Pacific Palisades area of Los Angeles. The property has been listed for $8. 5 Million… more
Hollywood Sign Saved With Final $900, 000 Contribution From Hugh Hefner
There's great news for all those following the drama of saving the land surrounding the Hollywood Sign. Hugh Hefner has contributed the final $900, 000 needed to save the Cahuenga Peak 4/26/2010 - Press Release - Los Angeles … more
Los Angeles Condos Spend Less Time On The Market
The CLAW MLS has published this chart which shows encouraging news for the Los Angeles condo market stretching from Downtown LA to the Ocean. The number of days that condos are on-the-market has delined by 26% from March 2008 to March… more
Infinity Pools And The Multi Million Dollar Homes They Come With
I love Infinity Pools and enjoy seeing Multi Million Dollar Homes with pools to match. Take a look at some of these inviting pools from Active Listings in The CLAW MLS. These properties vary in price from $4 Million - $14 Million are are… more
And Then There's This Interesting Beverly Hills Lease…
716 N Palm Drive, Beverly Hills, 90210 - $45, 000 And then there's this interesting house in Beverly Hills… not for the fainthearted! The MLS describes it as an authentic 1929 Beverly Hills Mediterranean villa with grand scale rooms… more
West Hollywood Single Family Home Sales Volume Shows Strong…
The CLAW MLS published this chart showing the percentage increases and decreases of homes sold in Q1 2010 versus Q1 2009. Sales of Single Family Homes in West Hollywood recorded a strong increase for the first quarter of 2010 compared… more
Susan Fenniger's Street -
Street is a casual and unpretentious restaurant owned and operated by Celebrity Chef - Susan Feniger Susan is warm and friendly and obviously passionate about the food she serves. It's rare to see a celebrity chef take time to… more