About This Single Family in Los Angeles, CA
This 5 bedroom, 7 bathroom single family is located in Los Angeles, CA. The property spans 6,143 square feet of living space. The property sold for $3,150,000, placing it in the luxury segment of the market.
Ray J's home. The singer, record producer and actor, leased this home in Season 1 of "For the Love of Ray J", when it was featured on "MTV Cribs" in Season 16. He is the son of gospel singer Willie Norwood and Sonja Bates-Norwood, and the younger brother of R&B singer Brandy. The 5-bed, 7-bath, 6,143 sq ft residence was purchased by Canadian developer Lorne Leibel in January of 2004 for $3.15M, according to public records. He is also the father of record label owner Cody Leibel. Lady Gaga is leasing this home for $25K per month and considering buying it (July 2010).
Real Estate in Los Angeles, CA
California is one of the most expensive real estate markets in the United States, driven by high demand in coastal cities like Los Angeles, San Francisco, and San Diego. Limited land for development, strict zoning regulations, desirable weather, and a concentration of high-paying technology and entertainment jobs create persistent upward pressure on prices. The state offers diverse property types from beachfront homes and hillside estates to Central Valley farmhouses, with internal price variation that is among the largest of any state.
What Determines Value in the Luxury Segment
In the luxury price range where this single family in Los Angeles sits, buyers are typically weighing a specific set of trade-offs. Luxury buyers tend to place greater weight on privacy, unique architectural features, lot quality, and the prestige of the specific address within a neighborhood. Luxury markets can be more sensitive to broader economic conditions and tend to have longer average days on market than mid-range properties.
Properties like this single family in Los Angeles are part of the Housle game database, where players compare real home prices from across America. Understanding what makes each home worth what it sold for — the location within its market, the specific features, the year it was built, and the condition at time of sale — is exactly the kind of knowledge that Housle builds through repeated exposure to real listings.
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