Neighborhood Snapshot: Highland Park in Los Angeles

Looking for a diverse, family-friendly neighborhood with a thriving arts and music scene? Then look no further than Garvanza in Highland Park, an urban community that offers a suburban feel, just north of downtown Los Angeles.

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Neighborhood Snapshot: Echo Park in Los Angeles

Looking for an eclectic, pedestrian-friendly neighborhood with tons of history, culture and architecture? Then look no further than Echo Park, a diverse community in the heart of Los Angeles.

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UnReal Estate: David Hasselhoff cuts price on Encino estate

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From our Cool Houses Daily files:

Iconic “Baywatch” and “Knight Rider” star David Hasselhoff has relisted his 5-bed, 5-and-a-half-bath home in Encino, Calif., at a reduced price of just under $4.2 million (a discount from the original $5.95 million price tag earlier this year).

The “America’s Got Talent” judge is selling the estate as part of his divorce settlement with ex Pamela Bach.

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The estate has almost 9,000 square feet of living space, with a two-story entry foyer and his-and-hers closets in the master suite.

In the chef’s kitchen, there’s a whole wall devoted to Hasselhoff’s gold and platinum late-1980s European pop albums, but you fill the wall space with your own personal accolades when you snap up the property.

Outside, the home features a pool with a waterfall, tennis court and a huge motorcourt for all of the Hoff’s celebrity get-togethers.

UnReal Estate: Cher relists her Malibu estate for $41 million

cher-estate-for-sale-malibuIf she could turn back time, Cher probably would have accepted a reported offer for her massive Malibu estate, which she listed last August for $45 million but pulled off the market after nine months, says “Mama” from the popular Real Estalker blog.

Now the singing-songwriting diva has relisted her famous Italian Renaissance-style mansion for $41 million — still a bit stiff for a market where ultra high-end homebuyers are clearly in the minority.

We’ve discovered that the luxury market is not exempt from the recession as once thought.

That said, if you are in the market for a lavish home, the house that Cher built won’t disappoint. She is, after all, Cher.

The 13,000+ square foot, 6-bed, 7-bath home sits on a bluff overlooking the Pacific Ocean and features a theatre, gym, infinity pool, tennis court and multiple verandas.

Cher, do you believe in getting your asking price after renovating? I really don’t think that’s strong enough.