Lenny Lerman Real Estate

05/20/2026

New Price $12,499,000
4705 Sophia Ave, Encino. New Construction 5 Bed 6 Bath 10,200 Sq Ft

This exceptional new-construction gated estate is set behind a long private driveway, offering unparalleled privacy, security, and prestige.Thoughtfully designed for elevated living and grand-scale entertaining, the residence spans approximately 10,200 square feet of impeccably curated interiors, complemented by over 6,000 square feet of expansive outdoor balconies spaces. A luxurious primary suite with private terrace, spa-like bath, and serene views serves as a tranquil retreat, while a rooftop deck crowns the estate, creating an elevated setting for entertaining and relaxation. The home features a refined office, private movie theater, formal living and dining rooms, a stunning main kitchen with an adjacent chef’s prep kitchen, elevator access to all levels, a fully equipped gym with mirrored walls and Pilates barre, and a resort-style sauna. An exceptional entertainer’s backyard completes the property, highlighted by a striking infinity pool with waterfall and spa, seamlessly embracing the California indoor-outdoor lifestyle. Additional amenities include EV charging, ample driveway parking, and a private hillside setting.

05/17/2026

05/15/2026

The 10 year Treasury yield is at 4.54 percent today, a one year high. The 30 year mortgage rate sits at 6.36 percent. Oil is rising on Iran war tensions and a closed Strait of Hormuz. Inflation is climbing with it. New Fed Chair Kevin Warsh was just confirmed, and markets are pricing in the risk of a rate hike instead of a cut this year. Cash in a standard checking account earns near zero while high yield savings pays over 4 percent.

05/13/2026

BEWARE: Foreclosures just hit a 6-year high. 118,727 US families lost ground in Q1 2026, up 26 percent from last year. Bank repossessions surged 45 percent.
This week's data made it clear why:
▪️ CPI hit 3.8 percent, highest since May 2023
▪️ PPI surged 6.0 percent, biggest jump since 2022
▪️ Gasoline up 28.4 percent year over year
▪️ Real wages are falling for the first time in 3 years
▪️ Auto loan delinquencies at 5.2 percent, matching 2008 crisis levels
▪️ FHA mortgage delinquencies at 11.52 percent
▪️ No Fed rate cuts expected until late 2027

The oil problem is the wild card. The Iran war and the Strait of Hormuz crisis are not getting resolved quickly. Economists warn it could take 6 to 9 months just to start normalizing supply chains, and longer if the conflict drags on. That means high gas, high diesel, high shipping costs, and higher prices on nearly everything for the rest of the year and likely well into 2027. This is a long action, not a short squeeze. Plan for sustained pressure.

THE DOMINO EFFECT
Every new foreclosure knocks down the next one. Here is how it works:
One distressed sale on your street lowers nearby home values. Lower values mean less equity for neighbors, making refinancing harder. Banks see rising risk and tighten lending. Property tax revenue drops, pressuring local services and schools. Insurance carriers raise premiums or pull out entirely. Buyers sit on the sidelines waiting for prices to fall further. Then the next foreclosure hits, and the next. Each one weakens the foundation under everyone still hanging on. That is why a slow trickle of foreclosures can turn into a fast cascade if pressure keeps building. We are watching that pressure build right now.

NOW, ABOUT LOS ANGELES COUNTY
LA County has not topped the national foreclosure charts yet, but the pipeline behind those numbers is filling up fast.
▪️ More than 1,000 active pre-foreclosure filings on record right now
▪️ Nearly 1,000 properties hit with Notices of Default in the past 2.5 years
▪️ California ranks 3rd in the nation with 7,985 foreclosure starts in Q1 2026
▪️ Completed foreclosures in California up 15 percent year over year

Why LA is uniquely exposed:
After the early 2025 wildfires, major insurers stopped renewing policies across huge parts of the county. Homeowners pushed onto the state FAIR Plan are paying hundreds more each month for less coverage. Property tax bills climbed alongside pandemic-era home values. Families who bought near the peak in 2022 or 2023 are carrying costs far above what they ever budgeted for. Pre-foreclosure filings are a leading indicator. In California, the foreclosure timeline runs 6 to 9 months from first missed payment to trustee sale. Today's pipeline is tomorrow's headline. And once the dominos start falling in a neighborhood, they fall faster.

This is not 2008, but with oil pressure baked in long-term and the safety net shrinking, the squeeze is not letting up.

05/07/2026

Price Reduction | Now $15,900,000
1740 Bel Air Rd, Bel Air

Set behind private gates in the prestigious hills of Bel Air, this striking architectural estate delivers an extraordinary level of privacy, security, and presence offering a true sanctuary above the city. A secluded circular driveway accommodates up to seven vehicles, complemented by a spacious three-car garage, setting the tone for a residence defined by both discretion and effortless luxury. Soaring ceilings, skylights, and walls of glass flood the home with light and frame panoramic city, canyon, and ocean views. Open living spaces feature a double-sided fireplace, retractable glass walls, and a sleek entertainer’s bar. French white oak floors, Absolute Black Granite accents, and refined stone finishes elevate every detail.The chef’s kitchen showcases an oversized island, custom cabinetry, premium appliances, and seamless indoor-outdoor flow. Offering 7 bedrooms, 10 bathrooms, a private theater, 300-bottle wine cellar, elevator, and multiple bar spaces. Resort-style grounds include an outdoor kitchen, bar, infinity pool, spa, and sun deck overlooking breathtaking views from the city to the Pacific. Moments from Beverly Hills, Westwood, and Brentwood.

04/30/2026

Just Sold in Beverly Hills
9249 Burton Way 205
Sold for $1,625,000

Step into a quiet, welcoming residence that feels warm the moment you enter. The living room offers a fireplace, surround sound, and French doors opening to both large private terraces, creating an easy indoor and outdoor flow. The kitchen is spacious with plenty of counter space and storage. There are two true primary bedrooms on opposite sides for privacy, each with a marble bath and oversized cedar walk in closet. Both suites open to outdoor spaces, and the main suite includes a steam shower. The building offers concierge service, a gym, strong security, storage, and two side by side parking spaces. Fully furnished and livable as is, the unit is gently dated and gives a buyer the chance to update to personal taste. Located next to the L’Ermitage Hotel and moments from Beverly Hills shopping, dining, and culture.

- represented seller

04/30/2026

New Listing | Beverly Hills
433 N Doheny Dr 103
Offered at $1,749,000

Fully remodeled, this 1,961-square-foot, two-story residence in a prime Beverly Hills location offers a rare blend of sophistication, comfort, and absolute privacy. Every detail has been meticulously updated, from the custom cabinetry and entertainer's kitchen featuring a built-in coffee system and Wolf, Miele, and Sub-Zero appliances to the designer flooring and reimagined bathrooms. Beyond the aesthetics, the home features entirely replaced internal systems, including dual-zone HVAC units for dedicated climate control on each level. The interior is defined by soaring 14-foot ceilings, dramatic art walls, and an extremely quiet atmosphere, creating an elevated living experience that feels like a single-family house in the heart of the city. The main level is designed for seamless entertaining, boasting a spacious living room with a fireplace, a separate family room, and a dining area. A versatile den with a private terrace offers the potential for conversion into a third bedroom. Upstairs, both bedrooms are luxurious en-suites with walk-in closets. The primary suite serves as a true sanctuary, featuring a private seating alcove, a designer bathroom with dual vanities, and an expansive private patio. Equipped with smart home technology and remote-controlled roller shades, this residence also includes a main-level powder room, a full laundry room, and three side-by-side parking spaces, supplemented by plenty of guest parking. HOA fees are notably reasonable and include earthquake insurance. Perfectly positioned moments from the world's finest amenities.

02/10/2026

Just Listed in Encino
4463 Bergamo Dr
4-Beds 5-Baths 3.552 SqFt

Offered at $3,200,000
- DM for showing -

Tucked away at the end of a long gated driveway, this rare Traditional home sits on a lush, expansive lot surrounded by mature landscaping. The living room features hardwood floors, new carpeting, a fireplace, and walls of glass that seamlessly bring the outdoors in. The open floor plan flows effortlessly through the dining room, breakfast area, and chef's kitchen ideal for both everyday living and entertaining. The sumptuous primary suite overlooks a serene, park-like setting and offers a generous bath and oversized closets. A second bedroom suite is conveniently located on the main level. Upstairs, a spacious family/den is joined by two additional bedrooms, each with balcony access. Outdoors, the pool and gardens create a tranquil private retreat. There is a convenient changing room and full bath next to the pool. Additional highlights include a two-car garage, gated entry for maximum privacy and security, and a quiet cul-de-sac location. Rustic, resort-style living in the heart of Encino.