Movin’ on up

3 houses under 5 million

Your series was picked up. Your movie opened on top. You’re a chronic upgrader.

Time to move on up — to, say, $5 million-ish.

Time for expectation management.

While $5 million buys a perfectly respectable home in Santa Monica, Brentwood and Pacific Palisades, in Bel-Air and Beverly Hills it “basically buys you a mediocre house on a trafficked street on the 500 block, or a fixer in the best location,” says Kurt Rappaport of Westside Estate Agency.

With that in mind, Variety Weekend rounded up three prime under-fives.



The neighborhood: Secluded and verdant, this area is known for its collection of mid-century architectural properties by heavy-hitter architects like Richard Neutra, Craig Ellwood and Ray Kappe (who still lives in the area).

Core details: This restored redwood-and-glass home, designed by Kappe in 1974, has three bedrooms, three-and-a-half baths, an open living area with a central hearth and a rooftop dining terrace.

Extras: Swimming pool; multiple hillside patios set among oaks and sycamores, ponds and its own stream.

Listing Price: $4.789 million

Contact: Mike Deasy, deasy/penner & partners, 310-275-8880



The neighborhood: Above the strip, the market’s most expensive home is selling for more than $20 million. However, the surrounding area still has several rock-star-worthy properties in the high $4 millions.

Core details: This home once belonged to James Cagney and is now owned by a New York-based author and screenwriter. It’s a Mediterranean with four bedrooms, four-and-a-half baths and a double-gated circular driveway.

Extras: Restored with period detail; updated with modern fixtures and finishes. There’s also a resort-style pool and spa.

Listing price: $4.995 million

Contact: Michael Eisenberg, Coldwell Banker, Beverly Hills South, 310-281-4577



The neighborhood: Located above Kenter Canyon, there are views from the Getty to the ocean. In a more prime area like Brentwood Park, the home’s price would double — unless it required major work. This one requires none.

Core details: Set on a private, guard-gated development of six homes, this 8,000-sq. ft. contemporary built in 2003 has five bedrooms, six-and-a-half baths and a gourmet kitchen that opens onto the family room. Wine cellar; expansive city and canyon views.

Extras: Gym, wine cellar and billiard room; the master suite has a fireplace and his-and-hers walk-in closets.

Listing Price: $4.595 million

Contact: Kurt Rappaport, Westside Estate Agency, 310-860-8889

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety