Thinking of buying a home in Holmby Hills?
Holmby Hills proposed HPOZ terminated on Sept 30, 2016.
In a letter from Paul Koretz , Council Member to the 5th District for the Holmby Westwood Community, Mr. Koretz announced his reasoning in making this decision .Mr Koretz stated in the letter,”I have listened and met with all sides and points of view and my office has attended numerous community meetings regarding this issue. The common theme with the Holmby Westwood Community is a strong desire to protect the neighborhood. It is also clear, however, that the proposed HPOZ is not the type of protection a majority of the community is seeking. “The letter goes on to elaborate this decision further.
At a time when people feel their voice is often unheard by their politicians ,many Holmby Westwood residents feel the voice the majority expressed was heard!. Paul Koretz took a bold move and reversed a proposed HPOZ when he determined the majority of homeowners did not want a HPOZ in this neighborhood. Discussions within the community continue. The entire HPOZ proposal can be viewed online.
Paul Koretz office had to give great consideration to the many voices and differing opinions in the neighborhood. After much thought and communication within the community the office decided it had to redirect their efforts within the community.
Many Los Angeles proposed HPOZ’s continue to be met with opposition and mixed views. Communities like Carthay Circle and Miracle Mile as well as Venice . have proposed HPOZ’s.(http://www.preservation.lacity.org/hpoz ) Many neighborhoods have adopted HPOZ’s and are happy with them. I have received several calls from residents of different districts wanting to understand more about the issues faced by Holmby Westwood and how they garnered support to stop HPOZ in the Holmby Westwood neighborhood. Presently the ICO and BMO are in place. The ICO is set to expire in March of 2017. The BMO is in place.What is ICO and HPOZ ? More discussion within the community about what kind of changes they hope to see and what neighbors can do within communities to improve their voice is the result of the HPOZ process. Home buyers in Los Angeles need to know more about these Ordinances in communities that are affected.
What does this all mean for the neighborhood? Holmby Hills proposed HPOZ terminated will pave the way to new discussion about how to maintain the character and quality of a neighborhood as developers seek to maximize square footage and remodel and build within the community. Many believe it will help property values continue to rise in keeping with the economy as potential to remodel homes that come on the market is now less restricted.
Holmby Hills continues to be one of the most sought after communities to live in Westwood. Great schools, proximity to all Los Angeles has to offer, parks, places of worship close by and charming streets make this a highly desirable community to live in. Beverly Hills is within minutes as is Century City and freeway access. Holmby Hills is neighbor to Bel Air and UCLA. Property values continue to rise. For many years homeowners did not sell often in the neighborhood. Many older homes are coming on the market and the lift of some restrictions to build and remodel will bring more change to the neighborhood. Many in the community want to revitalize Westwood Village. There is a tremendous amount of construction of new homes taking place just south of Wilshire in Westwood where similar restrictions have not been in place. Holmby Hills is located North of Wilshire in Westwood.
This 5 bedroom home in Holmby Hills is currently for sale for $6,100,000. potential buyers are relieved to hear they can make changes to the home on this large lot,(22000+ sq ft) with 5110 sq ft. This home is within minutes of Holmby Park. The grand homes on large lots are highly desirable luxury properties in Los Angeles. Now that the Holmby Hills proposed HPOZ terminated many in the neighborhood believe that homes will be remodeled with design and sensitivity
Contact https://caronschwartz.com for all your real estate needs. A resident and broker/realtor of Holmby Hills 310.383.0831 of the community. https://www.youtube.com/watch?v=2GBEelPUDDQ