Real estate: Gene Simmons bids farewell to Beverly Hills
Welcome back to the real estate newsletter. This week, a callback is in order after three famous musicians all managed to sell their California homes at around the same time.
The most lucrative deal belongs to Gene Simmons, the KISS rocker who has decided to say goodbye to California in favor of a peaceful, paparazzi-free Lake Tahoe. After 35 years in Beverly Hills, Simmons sold his 13,400 square foot mansion for $ 16 million.
Second place goes to Carlos Santana, who raised $ 5.53 million for his scenic perch on the Tiburon Peninsula in the Bay Area. The move should come as no surprise as Santana shelled out $ 20.5 million for a home in Hawaii earlier this year.
Motley Crue bassist Nikki Sixx rounds out the trio. He sold his unique home in Westlake Village for $ 5.18 million about a year after listing it. The glam metal musician brought a lot of glam to the home during his seven-year stay, including the movie theater and living room with crimson walls and a cheetah-print rug.
On the more real front: Eviction protections expired on September 30, but state officials said low-income tenants who were behind on rent could apply for a rent relief program. State.
Eviction law is tricky and tenant protections seem to come and go every month. If you’re worried about losing your spot, check out our guide to navigating the evolving COVID-19 deportation rules.
I will also reconnect my home search column. I’m looking for some crazy real estate stories and would love to hear yours. Victories, defeats, success stories, horror stories. Tell me all the dirty little details.
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Gene Simmons sells longtime mansion
Earlier this year, Gene Simmons told The Times he was done with California. âIt’s time to adopt a calmer lifestyle. No more sightseeing buses, celebrity maps, fires or earthquakes, âhe said, adding he was moving to Lake Tahoe.
The KISS star has officially kept his word by selling his longtime home of more than three decades for $ 16 million.
He had bought the Benedict Canyon mansion since last year, originally offering it for $ 22 million before trying to take advantage of the post-pandemic market and relist it for $ 25 million in March. The final sale price is well below that amount, but still significantly higher than the $ 1.34 million he paid for the property in 1986.
At the time, the two-acre estate housed a 3,500-square-foot farmhouse, which Simmons quickly razed in favor of the 13,400-square-foot storefront that stands there today. He raised his family at home, which has been the primary setting for the seven seasons of his A&E reality series “Gene Simmons Family Jewels”.
The guitarist gets in tune with the Tiburon market
Grammy-winning guitarist Carlos Santana just sold his quaint home on the Tiburon Peninsula for $ 5.53 million, about $ 430,000 more than he paid for the property in 2007.
This is not a surprising gesture for the prolific musician, who spends much of his time elsewhere. He owns a house in Las Vegas, where he has resided for nine years, and earlier this year he shelled out $ 20.5 million for a vacation home in Hawaii.
Santana has deep ties to San Francisco. After spending his childhood in Mexico, he moved there with his family in the 1960s and founded the Santana Blues Band, now known as Santana.
Glam rocker unloads a personalized home
Motley Crue bassist Nikki Sixx just sold his custom home in Westlake Village for $ 5.18 million, about $ 1 million more than he paid for the property in 2014.
The sale took a little less than a year; records show Sixx first listed the residence last September for $ 5.7 million.
He’s not the only rocker to sell a house in Westlake Village. Last October, Poison’s Bret Michaels raised $ 4.48 million for his Mediterranean-style home in the city, and other famous residents have included Anthony Davis, Ellen DeGeneres and billionaire Thomas Tull.
Perhaps the unique style of the house is the reason why it took so long to attract a buyer. During its seven-year stay, Sixx transformed the 1,200-square-foot bonus room into a movie theater and living room with crimson walls and a cheetah-print rug.
Eviction protections end, relief not
Despite the end of some eviction protections in California on September 30, low-income tenants have options, writes Patrick McGreevy.
State officials note that a program that pays 100% of past and future rents for low-income tenants will continue to accept applications until it distributes all of the available $ 5.2 billion. from the federal government.
The State Tenants Act, approved this year in response to the economic fallout from the pandemic. also prevents landlords from obtaining a court order of eviction in cases where tenants have completed an application for rental assistance. This provision continues until March 31, 2022.
Protections against evictions explained
If you need advice on how to navigate the complex landscape of COVID-19 eviction rules, this article by Jaclyn Cosgrove of The Times is for you.
Depending on where you live in Southern California, you may have stronger protections than elsewhere in the state. For example, the city of Los Angeles still has a moratorium that prohibits landlords from evicting tenants who have not paid rent due to the pandemic.
The article also discusses rental assistance and who to contact for further assistance.