Since the week after Labor Day is typically a slow one, things have a been a bit more quiet on the real estate front. I am launching a stunning new listing in Beverly Hills this weekend (teaser) and will be blogging all about it just in time for the my first open house coming up this Sunday. In the mean time, lets discuss another important topic, the new Melrose Place last night on the CW. For my rich kids readers who are either do not live in LA or have just moved to the area, Melrose Place is a small area of upscale boutiques (Marc Jacobs, Alexander McQueen, Diane Von Furstenberg to name a few) just east of La Cienega off of, you guessed it, Melrose Ave. There are not really any apartment buildings on Melrose Place proper, BUT (shamless plub alert) my project The Luminaire on Croft (we are close to having put about 50% of the units in escrow) just happens to be a 5 minute walk from this area. If you drive down Melrose, there are literally massive posters on every corner for the new show’s premier.
Back to the more pressing issue at hand, did everyone have a chance to watch last night? I have to say it was much better than I had expected. Conniving bi-sexual blond publicists, a murder, prostitution to pay for med school tuition, Ashlee Simpson looking clueless - what can I say, I loved it. I can remember as a kid having 90210/Melrose Place nights (with maybe a dash of Party of Five thrown in for my geekier friends who actually watched that show) and it was always a good time.
I do want to throw a quick real estate lesson in here, just to keep it real. I personally think Beverly Hills is the best area for return on investment in the long run, but if you are more of a WeHo person, the pocket of streets around Melrose Place are some of the best in town if you are in the market for a condo. This pocket includes: Orlando, Croft, Sweetzer, Kings, La Jolla, etc. There is such a high rental demand for this area that once you outgrow your condo, it’s the perfect place to rent out for a premium.
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