Friday, November 18, 2016

Are you familiar with the Crestwood Hills community in Brentwood, Los Angeles?

November 18, 2016

Are you familiar with the Crestwood Hills community in Brentwood, Los Angeles?


The history is fascinating, originally a nonprofit called Mutual Housing Association that started with 4 members and turned into more than 500 that banded together to form a cooperative post-World War II Utopian community. Considered to be one of the few recognized postwar cooperative housing projects in the country.


In 1946, four musicians recently discharged from the Army purchased an acre of land and built 4 homes at the four corners and the center was a communal pool and playground. Together, they could afford what they could not individually. The concept went well and The Mutual Housing Association grew to over 500 members which led to the purchase of 800 acres in 1947. All members owned shares but after all the homes were built, Crestwood Hills Association was formed and individuals took title.


Crestwood Hills is located on the ridges to the North and East of Kenter Canyon in the Santa Monica Mountains above Sunset Boulevard and is an architecturally controlled community. It is best known for its mid-century modern architecture and contains several homes designated as architectural landmarks by the State of California designed by A. Quincy Jones and Whitney Smith. The community includes a park and a pre-school.

Crestwood Hills median price in Brentwood has remained pretty much the same over the past three months. The Interquartile Range (IQR) was 70% for the YTD Sept 2016 and 14% at YTD Oct 2016. The InterQuartile Range (IQR) shows the price variance between the 25th and 75th percentile of sold homes.

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