Home of the Week: Mid-Century Post & Beam in Studio City

A Mid-Century hideaway with
sweeping views of Coldwater Canyon and the Santa Monica Mountains,
designed by Chapman & McCorkell, has been listed at 3605 Alta Mesa
Drive
, Studio City.

Walled and gated for privacy
and security, the split-level residence beautifully blends 1960’s post and beam
architectural elements with modern conveniences such as surround sound for
watching movies and TV and a Lutron lighting system that connects seamlessly to
your Google/Alexa devices.

Stunning wood-framed windows
and sliding doors offer abundant natural light and showcase dazzling views from
every room.

Downstairs, the open-concept
entertaining level boasts a fabulous gourmet kitchen with Viking Pro appliances
and Bespoke mahogany cabinetry. Living and dining areas flow to a sprawling
deck for al fresco dining by sunset.

Upstairs, a spacious master
suite features views, a walk-in closet with custom built-ins and spa bath with
soaking tub, and rain shower.

Adjacent to the master is a
spacious guest bedroom or creative office space with exposed beams and custom
closets.

The property includes a garage for two cars and a motorcycle, space for a workbench, and laundry, plus parking for two additional cars in the driveway. This modern hideaway, moments from Ventura Boulevard, is offered at $1,199,000 by Alan Taylor.

Home of the Week: Open concept in the Outpost Estates

This chic Outpost Estate villa, 2165 Castilian
Drive
, is a hybrid of old California and 2019 open concept living, featuring
panoramic views of the city, ocean, and Santa Monica Mountains.

Meticulously remodeled with the utmost design and detail, this sophisticated home has great volume and scale throughout thanks to soaring beamed ceilings.

Highlights include a step-down living room with head-on city views, a chef’s kitchen with professional appliances, and pocket doors opening to an expansive outdoor terrace ideal for indoor/outdoor living.

Descend the curved staircase to the master suite, complete with spa-like
dual bathrooms and large double closets.

An entertainer’s paradise awaits on the lower level, which
includes a secondary master suite, climate-controlled wine cellar, and a spacious
game room and bar.

Three additional bedrooms with en-suite bathrooms complete the home. This rare property in one of the most desirable “Old Hollywood” enclaves of the Hollywood Hills is offered at $6,295,000 by Aaron Kirman.

June U.S. Jobs Report: Continued strength lowers expectations of Fed cut in July


economic-straight-talk
  • As all eyes are on the Federal Reserve and
    their anticipated actions in the upcoming July, September and December
    meetings, including President Trump’s. This monthly job report has become one
    of the most observed monthly economic indicators. Consequently, strength in
    June’s hiring suggests some analysts may have rushed to push for a case of
    cutting the interest rates.
  • However, while the markets have been
    aggressive in trying to drive Federal Reserve’s actions, Federal Reserve is in
    a precarious position at the moment. Fed Chair Powell has suggested that
    deteriorating inflation expectations and slowing global growth may provide a
    case for cutting the rates, though the Fed does not want to appear to be bowing
    to short-term political interests. Further, premature rate cuts may leave
    Federal Reserve with fewer tools when the economy indeed hits the brake. Analysts
    are sticking with the 25 basis points cut expectation for the July FOMC
    meeting.
  • In terms of housing, however, it is not clear
    how much further decline in rates would boost the demand. The 30-year fixed mortgage rates have been
    oscillating about 70 to 100 basis points below this time last year, but the
    number of homes sold in California still trends below last year.
  • In looking at the BLS report, the unemployment
    rate inched up to 3.7 percent as 2019 graduates and summer workers entered the
    labor force. Consequently, wage growth also also posted a relatively weaker
    monthly growth of 0.2 percent though it is still up 3.1 percent from last year.
    Again, these numbers suggest that there is a little risk of inflation which is
    actually one of the primary reasons Federal Reserve would cut the rate as they
    are concerned with lack of inflationary pressures amid lowest unemployment rate
    in the last 50 years. 
  • Further, while the rate of job growth has
    generally slowed from last year, as anticipated, it’s not very clear if trade
    uncertainty has started to weigh on key trade-related sectors, such as manufacturing
    and transportation & warehousing, which added a combined 41,000 jobs, an uptick
    from the trend in the last few months. However, while trade uncertainty is likely
    to weigh most heavily on investment spending, uncertainty in general is never
    seen as a positive when comes to businesses’ hiring plans. 
  • Notable gains continue in professional and business
    services which added 51,000 jobs, and health care, up 35,000 jobs, while retail
    continued on the losing streak with a 5,800-jobs cut in June.
  • According to a new CompTIA
    report
    , the information-technology sector added 13,500 jobs in June, with
    solid gains in technology services, custom software development and computer
    systems design, up 7,200 jobs, and computer and electronics products
    manufacturing, up 6,500. The bulk of the new hiring in manufacturing occurred
    in two areas, electronic instruments and semiconductors and electronic
    components. Software and application developers continue to be the most
    in-demand occupation companies are looking to hire, with 83,700 job postings in
    June.

Home of the Week: Contemporary masterpiece in Sonoma County

“Breathtaking” is often overused, but here the term is quite appropriate. Working from the footprint of the original 1979 residence, 1400 Lawndale Road has been exquisitely redesigned and rebuilt with the discerning modern homeowner in mind.

From hickory-pecan wide
plank flooring and three woodstoves to the security system and heated bathroom
floors, no detail has been spared. Sitting on 8.5 acres with incredible views
from its expansive, soaring windows, this home has a special connection to
nature.

An open-air atrium welcomes visitors inside this stunning, light-filled home. The living and entertaining spaces are located on one side, while three bedrooms are located on the opposite side of the home. Floor-to-ceiling windows and doors open to Ipe decks offering access to the natural world from each room.

The large chef’s kitchen enjoys unobstructed views. Featuring Sub-Zero and Wolf Appliances, composite countertops, island with seating, multiple workstations, and generous cabinetry, this kitchen was thoughtfully designed for the passionate cook.The stunning Western Red Cedar vaulted ceilings are airy, natural and warm.

The formal dining area includes a Jotul wood-burning stove, windows (and more windows), and french doors to a deck, while the living area has its own wood stove, along with a built-in cherry wood entertainment niche with a Sonos sound system, wet bar, wine vault and floor-to-ceiling windows.

Step
outside to a large Ipe wood deck, surrounded by tasteful landscaping. Here you
can lounge or dine, surrounded by nature and views. Flush with the wraparound decking
of the master suite is a Roberts Wooden hot tub. Just steps away from the
kitchen and dining deck is the beautifully designed heated inground pool.   

Tucked
into the hillside, away from the main house, a studio guest house features a
curved wall of windows, a living green roof, and full kitchen and bath. Your
guests will love the views, available from all angles.

1400 Lawndale Road is a special home located in Kenwood, in the upper part of the Sonoma Valley. With its airy spaces, incredible views, multiple decks, heated pool, hot tub, and guest house, this Wine Country home and estate is an architectural masterpiece and a tranquil retreat. Offered at $4,695,000 by Carol Lexa and Jim Fisher of Compass.

Home of the Week: Airy, refined West Hollywood contemporary

Welcome to two stories of polished, open elegance, set at 8929 Rangely Avenue in one of West Hollywood’s most exclusive neighborhoods.

Sweeping scale and absolute privacy define the clean architectural vision, a world of dramatic high ceilings, massive view windows and artful stone and tile work.

This is a home expressly made for both warm entertaining and personal enjoyment, from the living room fireplace and sit-down bar to the spacious dining area and luxurious kitchen with custom cabinetry and top-grade Wolf and Sub-Zero appliances.

Vast sliding doors create a seamless flow from the kitchen and dining areas to the pool, jacuzzi, and custom cabaña.

A grassy rear yard offers secluded spots for quiet conversation.

All three upper level bedroom suites feature spacious balconies and ample closets. Smart Home design and a two-car garage complete the amenities.

Located south of Melrose between Doheny and Robertson, this very desirable address is moments from West Hollywood and Beverly Hills shopping, restaurants and nightlife.

Listed by Jennifer Okhovat at $3,599,000.

Home of the Week: New architectural family compound in Mar Vista

Designed to float seamlessly from indoors to out, main home to guest house, 12662 Rose Avenue defines LA living at its elegantly easy best. This is an environment created for everything from quiet family times to memorable gatherings.

Within the main residence, a single sweeping space flows through living, dining and kitchen areas – and out through ten-foot glass pocket doors to the grassy yard, deck, pool and spa.

A key focus is the open kitchen,
defined by a fourteen-foot island with pull-up seating. Quartz countertops with
pop-up outlets, double sinks, designer appliances and a built-in refrigerated wine
closet combine to handle everything from grab-and-go breakfasts to big
entertaining.

Life moves effortlessly from the indoors to the magnificent backyard with its lush green lawn, 43-foot pool, and spa for eight.

A spacious wood deck with built-in BBQ offers plenty of space for a roomy dining table and lots of casual seating. From here – and from any other outdoor space in the compound – you can enjoy a theater-sized movie projected on the wall of the two-bedroom guest house.

A dramatic skylit staircase with glass bannisters leads up to three of the home’s five bedroom suites – each with its own view patio.

The master retreat features a room sized wood-paneled walk-in closet.

An outdoor staircase climbs to a magical firelit rooftop lounge surrounded by panoramic mountain, treetop and city lights views.

Like all the outdoor spaces, it’s in view of the huge movie screen. Other home amenities include a pre-wired and installed ring system, video cameras and speakers in each room, a large laundry room and a direct access garage.

The quiet Mar Vista neighborhood, just three bikeable miles from Venice Beach, is among the most sought-after locales on the Westside, with easy access to the shore, the studios, Beverly Hills and more.

It’s the ideal place for this warm and contemporary family world, listed by Laci Buller at $5,350,000.