New to market priced below the $5M threshold.
REAL ESTATE • First Mover
With news this week that LA’s mansion tax passed $1B in total revenue since it came into effect in 2023, three properties new to market priced right below the tax’s $5M threshold.
→ 2445 Glyndon Ave (East Venice) • 5BR/5.1BA, 3950 SF house • Ask: $4.8M • Spanish Colonial with modern feel • Annual taxes: $20,275 • Days on market: 3 • Agent: Eric Harnack, Compass.
→ 517 N Martel Ave (Beverly Grove) • 5BR/5.1BA, 4096 SF house • Ask: $4.849M • newly built w/ pool, spa, and ADU • Annual taxes: $17,611 • Days on market: 3 • Agents: Or Brodsky and Idan Yohanan, Compass.
→ 2633 N Commonwealth Ave (Los Feliz, above) • 9BR/10.3BA, 7500 SF compound • Ask: $4.998M • English-storybook-inspired ‘Commonwealth Manor,’ built 1929 w/ 3 residences • Annual taxes: $12,178 • Days on market: 3 • Agents: War Shazar and Emily Rodriguez, Engel & Völkers • Open house Sun 1-4p.