Pearl clutch! Monocle drop! The Malibu Colony is about to have what's thought to be its first house auction ever. The LA Times reports that a four bedroom house once listed at $8.4 million will be auctioned off next weekend at a starting bid of $3.7 million (with a reserve). According to Redfin, the house last sold in 2002, for $2.1 million. [LAT/Redfin]
Metro plans to pick one developer by early next year.
Its interior—including an "opium den-inspired" guest suite—is a real visual feast.
The open-air museum will celebrate black Los Angeles amid "so many concerns about gentrification," says City Councilmember Marqueece Harris-Dawson.
Formerly a rent-controlled apartment building, it’s reopening as a boutique hotel.