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Mills Act Property Once Belonging to Betty Davis Goes on the Market

We receive significant interest in Mills Act properties in the downtown core. It is a great place to find a valuable property in a historic building that qualifies for the mills act tax savings. We want to remind everyone that eligible properties can be found all over the state. It is fun to see them in other locations. A beachfront home in Laguna Beach, once owned by Betty Davis, is one of these properties.

A $3 million price chop might help Bette Davis’ former Laguna Beach home finally sell.

Canadian investment manager Richard Wernham has put the 5,472-square-foot home at 1991 Ocean Way on the market for $16.995 million, according to Dirt.

Wernham first put the home up for sale in April with an asking price of $19.995 million. The house was then re-listed in July for $18.995 million.

The oceanfront mansion, built in 1929, was added to the National Register of Historic Places in 1982. Being a historic home, the property comes with a 10-year Mills Act contract that allows homeowners to receive reduced property taxes in exchange for preserving the home.

#millsact #entarispowerful

Fill out the online form to get Mills Act Properties on the market in DTLA.

The former Davis property is not the only home in the prestigious coastal city to see price reductions in recent months.

This month, a 1998-built home in Laguna Beach sold for $37.5 million after it was first put on the market in July for $48.9 million, in what was the third-priciest deal across Orange County this year.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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Safer Family-Friendly Lakewood Full of Activities to Enjoy

You might not be able to point to Lakewood on a map. It’s a charming suburb of Los Angeles near Long Beach. But you know what, that’s part of what makes it so charming! When you live in Lakewood, you get all of the sunshine and beaches of California without the crowds. Lakewood might be a small town, but there’s way more to do here than you might think! It’s a great time to shop for a home in Lakewood.  Let’s see some of the variety you can find here.

Brewery in town

A trip to Lakewood, CA, no matter how short, should definitely include a stop at Timeless Pints Brewing Company, Lakewood’s only microbrewery, located just behind Long Beach Airport. Here, you can relax with a pint of craft beer in your hand or sample their wide variety of beers available on tap, including IPAs, stouts, and ales. You can sit outside and order something to eat too, to go with your drink.

Lakewood Equestrian Center

When in town with the kids, Lakewood Equestrian Center is always a good idea for family time and outdoor fun. The horseback riding center is a training facility that offers pony rides, a petting zoo, and a variety of equestrian activities, including riding lessons and horse training. Pony Time, a private company located on the center’s grounds, offers different kid-friendly activities and events, including camps and birthday parties. Through Shoestring City Ranch, a non-profit organization, the center also helps rescue horses.

Find out about single-family Lakewood homes here

West San Gabriel River Parkway Nature Trail

There’s no better way to relax than by reconnecting with nature, breathing fresh air, and taking the time to look around to witness its glory. When in Lakewood, one of the best places for taking walks is West San Gabriel River Parkway Nature Trail, a tree-lined trail that stretches along the San Gabriel River, offering beautiful vistas, bird watching, and biking and jogging options. Your dog is welcome to join you on your walk, as long as it’s kept on a leash.

#lakewoodca #singlefiamilyhomes

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Find out about Lakewood Homes and townhomes here. Fill out the online form.

Lakewood is close to Long Beach Airport, LAX, and Popular Socal amusement parks too.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Timeless Pints Brewing Company, Lakewood’s only microbrewery

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.