Eric Smilay

SOLD! Dynamic Loft in West Hollywood (Represented Buyer)

I had the pleasure of representing a buyer in his first purchase recently, and he got a good one. After searching for several month's for the right loft with soaring ceilings, but ample closet & storage space (not an easy combination to find), we recently closed on this stunning loft in a modern 20 unit building in a prime West Hollywood location. The loft, built in 2004, features soaring 20' ceilings, modern finishes, and direct access from the street. While my client, and I, did not care for the epoxy flooring put on top of what once was polished concrete or the many different colors of paint on the walls, he got a great deal to offset those minor issues. In fact the property appraised at $35,000 higher then he paid for it! As I told him, changing floors and painting is easy, but finding 20' ceilings in West Hollywood is not. I can't wait to see it after he puts his stamp on the property.

1037 N Laurel Ave, West Hollywood

$775,000 (Asking price was $840,000 (Orig $880,000)) 2 Bed 2 Bath 1,519 Sq. Ft

Listing courtesy of Lori Davette Ince - Keller Williams Realty

Pictures by Eric Smilay for Smilay Properties

If you would like to find a similar style property, please feel free to contact us anytime @ 310.600.9172 or email In fact a new listing in the building just became available.

SOLD! 4-Plex Building in Desirable Beachwood Canyon (Represented Buyer)

We closed escrow recently on this fourplex in an A+ location on coveted Beachwood Dr. My client's got themselves a nice building that brings in solid rents. Let's face it when buying an income property the main thing is how much money does it bring in every month. This one brings in about $6,500/mo, which is solid, especially compared to other buildings in this area and price range that bring in significantly less rent. The building, made up of two 2 bedrooms (one with a huge private yard) and 2 studios, was renovated a few years ago and the units contain upgraded features such as; stainless steel appliances and custom cabinetry in the kitchens, Italian marble flooring, marble countertops and showers. Again, this is a great location that will always be desirable to potential Tenant's, and an excellent place for my client's to put their money both in the short and I believe the long term. It is the second deal I have done with these particular Buyer's, and I couldn't be happier for them, and appreciate having them and their continued trust as client's.

2276 Beachwood Dr, Hollywood Hills

$1,050,000 (Asking price was $1,195,000) 4 Units 3,036 Sq. Ft 6,299 Lot Sq. Ft

Pictures by Eric Smilay for Smilay Properties

Listing courtesy of Rafael Aguillo - Windermere Exclusive Prop.

If you would like to find a similar investment property in and around this area, please feel free to contact us anytime @ 310.600.9172 or email We would be happy to assist!

SOLD! Ranch Style House w/ HUGE Yard; Woodland Hills (Represented Buyer)

Lying on a large corner lot in the desirable Walnut Acres section of Woodland Hills is this ranch style home a Buyer of mine just closed on this past Friday. This was a long road, as this was one of the first properties I showed my client, and then the Seller decided to pull it off the market. After much pushing and follow up after follow up from me, we finally convinced them to sell, and my client got the home she wanted from day one! She affectionately refers to it as "The Barn," due to it's color and appearance from the front, and I think she got a great deal at the end of the day. The lot is all flat and the park like backyard is huge allowing plenty of room to expand the house, put in a pool, or just leave as is and enjoy the space. The home has a nice open floor plan and soaring beamed ceilings in both the living and media room. My client also got a new roof (see last pic vs first one), and in doing so, the contractor was positive that the home is actually 500 sq. ft plus larger then it is listed; which is another great bonus for my client.

This was the Buyer's first home purchase, and I couldn't be happier for them. I think they got a great house at a great deal.

22955 Leonora Dr, Woodland Hills

$605,000 3 Bed 3 Bath 1,909 Sq. Ft 12,133 Lot Sq. Ft

Listing courtesy of Rebecca Epstein & Francesca Luteraan

Pictures by Eric Smilay for Smilay Properties

If you would like to find a similar home in and around this area, please feel free to contact us anytime @ 310.600.9172 or email We would be happy to assist!

SOLD! Stylish Hollywood Hills Home w/ Stunning Landscaping & Pool (Represented Buyer)

I've been a bit busy working on deals, taking care of my 9 month old son, etc and have been away from the blog for awhile, my apologies to all the readers. I will try to get back into the routine and be more "on it" in this medium.

I am pleased to come back to show a great property that I just closed escrow on yesterday for a Buyer client of mine. This particular client resides out of the US, has never seen the property (her representative here did), and I never met them. Interesting huh? I actually really appreciate the trust that they placed in me, seeing as how they are not here, and I am their eyes and ears on the ground so to speak. This is the second International client I have assisted this year, and I have enjoyed meeting and working with both immensely. I hope to do many more in the future with different Buyers and Sellers from all over the world.

This particular property is stunning. It has a great open floor plan with walls of glass all leading out to a spectacular backyard complete with landscaping/hardscaping done by an AIA award winning architect, which makes it a bit "special." The saltwater pool is extra large and the Ipe wood deck, wood gates, and grounds are all done to the 9's.

3400 Blair Dr, Hollywood Hills

$930,000 ($5,000 over asking price) 3 Bed 2 Bath 1,795 Sq. Ft/ow 6,135 Lot Sq. Ft/ow

Upon entry one is immediately struck by the modern facade, and enters past a tranquil waterfall, and into a wide open floor plan with wood flooring throughout. The living room/dining room with fireplace opens seamlessly into a light filled family room with walls of glass leading out to the deck and peaceful canyon views.

Listing Courtesy of Charmaine Degrate - Coldwell Banker BH South

Pictures by Eric Smilay for Smilay Properties

There were half a dozen offers on this property within days of it hitting the market, but we were able to beat out those others to get this great home. Even though we had to go a hair over asking price, I believe my Buyer got a deal. I think it could have even sold for more!

If you would like to find a similar home in and around this area, please feel free to contact us anytime @ 310.600.9172 or email We would be happy to assist!

The Influence of a Techy Realtor

Guest Post by Parker Hill @

What’s important in selling a home? Is it asking price? Location? The status of your home? While all three of these are certainly contributing factors, they are by no means the most important aspect. As you may know, approximately 90% of all home sales now begin with an online search. So despite what you’ve heard about open houses and using print advertising, the most important part of selling your home begins on the internet. While some agents have yet to understand this, there are a select few who have embraced the internet and hold the tools to get your home from ‘for sale’ to ‘sold.’ These “techy” realtors are easy to identify and are the type of agent you want to work with. Here are things to look for in determining whether your agent makes the tech-friendly list.

A techy Realtor first and foremost should have a good website. This means its easy to find, easy to navigate and is an over all enjoyable experience. Keep away from Realtor’s with dated websites that lack contact information or websites that are poorly constructed. The rule here is: if you don’t find it pleasing, chances are homebuyers won’t either. And if you were to list your home with an agent who’s website gets little traffic, then say goodbye to your home’s internet exposure. Pick a Realtor with an accessible website, with well-displayed contact information and other helpful details.

On top of a good website design, your Realtor must have a good home search feature. As we mentioned earlier, giving your home plenty of internet exposure is crucial to selling your home in the modern market. If your Realtor is lacking in a home search option, you can bet that potential buyers will quickly move along and those who don’t head to the next website will have difficulty finding your home. A good web search will have either a map view, an ability to set certain search parameters, or both. Be sure your Realtor has such an option before hiring them!

Next to design and home search options, a techy Realtor could possibly have the following additions on their webpage. A frequently updated blog can be a fun and useful addition to a Realtor’s marketing arsenal. Likewise, a Realtor that encourages texting, video chats, or using smartphones apps is also helpful, although by no means essential. The two most important aspects are the design of the website and the home search. With these, you can bet you have a class act of a Realtor. The rest is icing on top. To work with the type of Realtor who will give your home the kind of online exposure it deserves, be sure to contact Eric Smilay, today!

My New Lease Listing in Beachwood Canyon

I have several new lease listings coming on the market over the next week, and here is the first.

Lying on a great cul-de-sac street in the coveted Beachwood Canyon area of the Hollywood Hills is this fine Victorian style home. House features soaring ceilings in the living/dining room area with tons of windows allowing natural light to flood the property and anchored by a stunning fireplace. The home has wood flooring throughout, an updated all stainless steel kitchen, and multiple outdoor patios. The property includes a good sized flat grassy yard in the front, along with a hot tub for relaxing. A ton of curb appeal in this one as well; simply a great home in a fine location.

2585 Glen Green, Hollywood Hills

$4200/mo 2 Bed 2 Bath 1,500 Sq. Ft 4,318 Lot Sq. Ft

Pictures by Eric Smilay for Smilay Properties

If you would like to see this home, please feel free to contact us anytime @ 310.600.9172 or email

Broadway Loft Updated Pictures

This is the third time I will be leasing out this great loft at the famed Broadway Loft Building in booming Hollywood, and on a recent showing I decided to break out the new camera and take some updated pictures. The main selling point besides the actual loft itself with it's 12' ceilings, designer furnishings, and open floor plan is the building. This is the premiere full service building in Hollywood with a ton of fine amenities, including 24 hour doormen, valet parking, designer lobby, gym, and most importantly sublime rooftop pool & spa with tremendous views. Just imagine lounging with your friends on the roof high above Hollywood just in time for Summer.

1645 Vine St #605, Hollywood

$3,950/mo Fully Furnished 1 Bed 1 Bath 1,000 Sq. Ft

Pictures by Eric Smilay for Smilay Properties

If you are in town for awhile and/or wanting to test out the new Hollywood area before buying, this is a great place to do it, as it is being leased out fully furnished. If you would like to see this designer loft, please feel free to contact us anytime @ 310.600.9172 or email

Fully Furnished Broadway Loft Available for Lease; Hollywood

THE premiere loft building at one of the most famous intersections in the world, Hollywood & Vine. Loft living at it's finest in this full service celebrity building in prime Hollywood. This chic fully furnished loft by noteworthy interior designer has soaring 12' ceilings, rich dark hardwood flooring, exposed ducting, and a designer bathroom. One of only a few units in the building that have a fire escape "balcony" off of loft as well. Building amenities include: sublime rooftop pool with 360 degree views, spa, gym, valet parking and 24-hour concierge service. Lobby & rooftop designed by famed designer Kelly Wearstler. Walk to the W, Katsuya is downstairs, and all that new Hollywood has to offer. Available June 1st.

1645 Vine St #605, Hollywood

$3,750/mo Fully Furnished (Reduced $200/mo from $3,950/mo) 1 Bed 1 Bath 1,000 Sq. Ft

Listing & Pictures by Eric Smilay - Smilay Properties

If you wish to see this designer loft, please feel free to contact us anytime @ 310.600.9172 or email

SOLD! Mid-Century View Home in the Oaks of Los Feliz (Represented Buyer)

I had the privilege of representing the buyer on this home in the highly desirable "Oaks" area of Los Feliz. The property is a mid-century home built in 1950 with walls of glass opening up to a large deck in the front with head on downtown skyline views. The back side of the home is also mostly all glass and leads out to a peaceful retreat with a spa, fire pit, and relaxing waterfall. Obviously the glass allows for the home to be flooded with natural light throughout most of the day. With hardwood flooring, great retro details, this home just needs a bit of depersonalizing and touch ups here and there and will shine into a great mid-century modern property in an A+ neighborhood. I am not sure how much work the owner's will do, but I am thinking it may really pop if painted white; it would resemble the outside of this updated and recently sold property. What do you think?

If you like the home keep it in mind, as it will probably be on the market for lease very soon!

2047 Live Oak, Los Feliz

$1,225,000 (Asking $1,285,000) 3 Bed 2 Bath 2,162 Sq. Ft 9,460 Lot Sq. Ft

Listing courtesy of Juan Longfellow & Louise Leach - Sotheby's Int'l Realty

Pictures by Eric Smilay for Smilay Properties

If you would like to find a similar property in the area, please feel free to contact us anytime @ 310.600.9172 or email Also, if you are interested in leasing this great home, please contact me for details and I can show it to you anytime.

Price Reduction At Two Story Hollywood Designer Loft

Smilay Properties is pleased to present our new listing at the Lofts @ Hollywood & Vine Building in Hollywood.

In the heart of one of the most famous intersections in the world, Hollywood & Vine, is this designer done super chic two story loft. The NYC style loft at the heart of new Hollywood is being offered fully furnished, complete with custom and rare designer furniture, artwork, and wall coverings. The loft features soaring ceilings, a ton of windows flooding the property with natural light, and views of the landmark Capitol Records building and Hollywood sign. There is a bedroom/office area downstairs, and a bedroom area and open living/dining room/kitchen upstairs. A great mix of raw space in this recently converted 1929 building & high end modern finishes like the all Viking kitchen and Ann Sacks tiles in the bathrooms. Booming location, walk to the W Hotel, Katsuya, Pantages Theater, and much more. Note, HOA dues include all basic utilities & doorman. In short, this one is special!

6253 Hollywood Blvd #306, Hollywood

$650,000 (Reduced $49K from $699,000) 2 Bed 1.5 Bath 1,395 Sq. Ft

For more pictures visit the dedicated website

Listing by Eric Smilay for Smilay Properties Pictures by Michael Andrew McNamara for Smilay Properties

Nothing to be done on this one, can just move right in. The design and furniture is amazing and really gives the loft a wow factor. This is a rare resale in a great building with a cool lobby and rooftop deck overlooking all of the city. If you would like to visit this property in person, please feel free to contact us anytime @ 310.600.9172 or email

SOLD! Clean Contemporary Bel-Air Short Sale

This was a very interesting short sale listing. The price previously approved by the bank with a different agent was $1.1M, but the buyer's cancelled, so when the owner contacted me, I re-listed it at that same price. I got a tremendous amount of interest in this property, and showed it to over 100 buyer's I would say with multiple open houses and a plethora of private showings. At this price it was one of the lowest priced homes in Bel-Air, yet buyer's would consistently leave disappointed. I was very surprised, but many were expecting a large flat grassy yard and designer kitchens and baths. I kept trying to tell people that if it had those things it would be closer to $2M! That said people either were not interested, or kept talking about really low numbers like $700,000 or so. After almost two month's on the market, someone finally contacted me about writing an $850,000 offer, and I told them honestly I don't see any way it gets approved by the bank, but if they were serious we could submit it and see. To my surprise, the bank countered with $910,000, but they wanted it closed by the end of the month. Even at this incredibly low number the buyer balked, which was shocking to me as it was a steal at that price. An all cash investor called me shortly after wanting to offer the same $850K but all cash and could close in just two weeks. I told this person what the bank wanted and he came up to $880,000. After much pushing to both the bank and the buyer, and having to throw in a large amount of my own commission, we came to an agreement at the $880K. This was just the start though. After a less then stellar home inspection, the buyer wanted a large credit, which the bank would not do. Even though the bank's appraisal valued the property at $1,150,000 the buyer was still thinking about walking, as he did not believe it was a deal (at least that is what he was telling me). In the end, I threw in a little more of my commission for some of the needed repairs and was able to close the deal for all parties involved at an unbelievably low $880,000. I am happy for my Seller that after much distress with this property (I was his 3rd agent hired to sell it), he is able to move on with his life. I am also pleased for the buyer, who got himself a tremendous deal; in fact, the one that everybody always wants. In the end, although I had to throw in quite a bit of money, the client's come first, and I am glad I could keep the deal together and close it to the mutual benefits of all parties involved! Done deal.

On to the next one...

1333 Stradella Road, Bel-Air

Sold for $880,000 3 Bed 2.5 Bath 2,660 Sq. Ft 13,780 Sq. Ft Lot

For more pictures please visit

Listing by Eric Smilay for Smilay Properties Photos taken by Michael Andrew McNamara for Smilay Properties

If you would like to find a home in and around the Bel-Air area, please feel free to contact us anytime @ 310.600.9172 or email

SOLD! Classic Ranch Style Listing in Sylmar

SOLD for $295,000 in under 3 weeks! It would have been full price, but appraisal came in a bit low. Seller's are very happy, and I am happy for them and was pleased to assist.

Well maintained classic ranch style home with special sunken living room, featuring a cozy fireplace and soaring post & beam detailed ceiling. The property has great curb appeal with a gate, long driveway, and a well manicured yard. Upon entry one is immediately struck by the openness of the home. The gleaming wood floors set the stage for a large formal living room with white fireplace that merges into a nice dining room area. Step down from there into a special family room with walls of glass allowing natural light and architectural details. The room leads out through sliders to a nice lush backyard, perfect for soaking up the sun or relaxing under the covered area. Three bedrooms, one and a half updated baths, and immaculate. Standard sale, no waiting for bank approval.

14372 Beaver St, Sylmar

$297,000 3 Bed 1.5 Bath 1,519 Sq. Ft 7,150 Lot Sq. Ft.

Listing & Photos by Eric Smilay for Smilay Properties

If you would like to find a similar style home, please contact us anytime @ 310.600.9172 or email

My New Bel-Air Listing Open House Sat & Sun 1-4 pm

Excellent Short Sale opportunity. Lying in a great Bel-Air neighborhood is this very clean contemporary home. One enters into the upstairs area, and is greeted with a great living room with white walls and high ceilings drenched in natural sunlight from the multitude of windows surrounding the home. It is an ideal open floor plan with a nice size dining area and galley eat in kitchen. The large master bedroom is upstairs as well with peek a boo views of the Stone Canyon Reservoir. Downstairs there is a guest bedroom and another bedroom currently set up as an office. There is also a large family room with white brick fireplace and a wet bar, making this a perfect space for entertaining guests and relaxing with family. Take a break from the hustle and bustle of the city and enjoy the peaceful canyon views from the huge outdoor deck.

1333 Stradella Road, Bel-Air

$1,100,000 3 Bed 2.5 Bath 2,660 Sq. Ft 13,780 Sq. Ft Lot

Open House Saturday & Sunday this weekend from 1-4pm. Stop by and say hello and see this fine property.

For more pictures please visit

Listing by Eric Smilay for Smilay Properties Photos taken by Michael Andrew McNamara for Smilay Properties

The property is valued by zillow at over $1.3M! Due to a foreclosure date looming, the property is listed as a short sale and is a legal steal at $1,100,000. This price has been previously approved by the bank, but unfortunately the Buyer’s cancelled. Their loss could be your gain. If you are looking for a beautiful home at a great price, the opportunities don’t get much better than this. Take advantage. If you would like to see this home and can't make it this weekend, please feel free to contact us anytime @ 310.600.9172 or email

Great Brentwood Village Condo Lease

[flickr size="medium" float="left"][/flickr]Lying in the desirable Le Provencal building N. of Montana just steps to all that San Vicente has to offer. This immaculate 1521 sq. ft 2 bed/ 2bath condo features great open floor plan, large rooms, upgraded carpet, and multiple balconies. The master bedroom has a ton of closet space as well. The unit is in the back of the building away from Barrington, so is very quiet and peaceful in the heart of the city. Walking distance to all the goods and services San Vicente and Brentwood Village has to offer. Available June 1st. Offered at $3300/mo.

[flickr-gallery mode="photoset" photoset="72157623968301860"]

Malibu Shabby Chic Lease on the Water

Here is a video walk through I made of a lease deal I just finalized for a new client of mine this past month on PCH overlooking the Pacific Ocean in Malibu. Video quality may not be pro level, but this definitely gives a great sense of the property. What a way to wake up in the morning...

Read More

Hip Silverlake View House For Lease


Offered @ $2,795/mo.

Click here for more images...

Know What You Can & Can't Afford Before Looking

[flickr size="small" float="left"][/flickr] It is imperative that one speaks to a lender before beginning their housing search. This is true for a number of reasons, but mainly for knowing the actual costs associated with various purchase prices. Most people are mainly concerned with how much is the place going to cost them every month. A lender can look at your situation in less than 15 minutes, get you pre-approved for a specific amount, as well as discuss what the current interest rates are. This last point is the key point. Just a few tenths of a percentage point can significantly increase or decrease your monthly outlay. I have previously written on this topic that available financing is just as important as the purchase price.

[flickr size="small" float="left"][/flickr]

Also, you don’t want to look at million dollar homes, if you can only qualify and afford half a million dollars. Not only is this a waste of time for you, your realtor, the listing agent, etc, but once you see those homes, all of a sudden the half as nice homes aren’t going to be nice enough anymore. There is nothing wrong with admitting that you can only afford a certain level, as I am sure most people wish they had $20M plus homes, but for most (including me), this just isn’t an option, and so it is not even worth discussing. When searching for properties, one must be real about what they can and can’t do, and take it down from the hypothetical to reality.

[flickr size="small" float="left"][/flickr]

With that information in hand, one can then go out and find the best available home in or close to the area where they want to live. Once you find the home you like and are ready to make an offer, including a pre-approval letter with your offer will make it all that much stronger. It shows the seller that this person is serious, has done their due diligence, and if we accept, they are more likely to be able to close the deal. At the end of the day, closing the deal is what everybody involved in the transaction’s main concern is.

Searching For & Recognizing Value in Today's Real Estate Market

[flickr size="small" float="left"][/flickr] In todays economic, and specifically real estate, environment every buyer/leaser wants to negotiate. No matter what the price is, people want to offer less, just because they feel like they can. There are many instances when homes are priced well, and are deals at the asking price. I would caution against missing out on a deal, while trying to negotiate a steal. That is very important. I understand the concept of buying low and selling high as well as anyone, so trust me I get it. Negotiating on behalf of my buyer client’s is on e of my favorite parts about being a real estate professional. In some instances one can negotiate much lower than the asking price, but in others they may just lose out on the house they really wanted. The thing is, every seller on the market is not necessarily desperate, and with a plethora of information available, Los Angeles is one of the most knowledgeable markets in the country in terms of people knowing what houses are worth in the areas they are looking. Let me give you a specific example.

Recently, I represented buyers on a purchase of a foreclosed property in the Hollywood Hills. The asking price was $700,000 and the listing described it as a “fixer”. The listing agent for the bank told me he never even visited the property. I knew the house very well having previously met the original builder, as well as leased out the home twice for the investor /buyer that eventually foreclosed. It needed new carpets, but was not a fixer at all, and had designer baths, imported stone work, and a gourmet chef’s kitchen. It also had the roof engineered to be a deck, but did not have stairs to go up there; nobody could have known that but me, since I met the original builder when it was first completed. I told my client’s that I am not a hard salesman type, but this is an absolute deal and if you are interested, you will need to act quickly as this will sell fast. That was not just salesman jargon, but a real fact. They recognized the value and called me 20 minutes after we saw it to make an offer. We ended up offering $720,000 (yes, $20,000 over asking price) as there were 7 offers in a matter of days. Some of those offers were under asking, which is my point. We got it, and the property appraised by a bank at $850,000. Banks are conservative by nature, so the home is probably worth closer to $950,000. While some were negotiating off the asking price trying to get a steal, my client’s knew I was telling them the truth, recognized the value and offered over asking and got an amazing deal!

Beyond the basic dollars and cents of the deal, it is also not like buying stock, and if it is the home where you want to live, that has intrinsic value in and of itself. In closing, definitely use your negotiating power as a qualified buyer/leaser in today’s market, but when a deal arises, don’t miss out on it thinking you can negotiate it down even lower. If you find the house you like, it is priced well, and you want to live there with your family for years, then take advantage of historically low interest rates, lock it down and enjoy.

The Calm After The Storm

Some really nice pictures taken of the sky and the Hollywood landscape after the storm stopped last night in Los Angeles. [flickr size="small" float="left"][/flickr]

[flickr size="small" float="left"][/flickr]

[flickr size="small" float="left"][/flickr]

[flickr size="small" float="left"][/flickr]

[flickr size="small" float="left"][/flickr]

[flickr size="small" float="left"][/flickr]

[flickr size="small" float="left"][/flickr]

[flickr size="small" float="left"][/flickr]