A water tower-turned-house comes to market, a rapper lands in the valley, and a Dodgers co-owner lists a historic haunt in a busy June market.
Welcome back to the Real Estate newsletter, your weekly window into the nation’s most interesting housing market — at least in my professional opinion. Where else does a 19th-century water tower turn into a pirate-themed retreat steps from the Pacific Ocean?
The San Fernando Valley saw some action in the early days of June as well, with rapper Polo G dropping roughly $5 million on a Chatsworth mansion with a souped-up garage. He joins Swae Lee, YG and DJ Mustard in the neighborhood, which is quickly becoming a haven for hip-hop stars. So building a house may be out of the picture. But what about buying one for $1? Personal finance columnist Liz Weston took a look at the pros and cons of buying your parents’ place for a buck, and the tax liabilities that are sure to follow. There’s no such thing as a free house., where you can find real estate stories and updates throughout the week.
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