Josh Altman knows a good real estate investment when he sees it, but he's not sure if Ghost Adventurers host Zak Bagans made a great purchase last week when he bought 3311 Waverly Drive in the Los Feliz area of Los Angeles, one of the homes where the infamous Charles Manson murders took place.
"We'll have to see," the Million Dollar Listing Los Angeles power agent told Too Fab. "It's a hell of a story. Houses with stories always get more money than houses without stories, so we'll have to see."
Just south of idyllic Griffith Park, 3311 Waverly Drive is a two-bedroom, two-bathroom, 1,655 square foot home built in the 1920s. The house sits on a 31,000 square foot lot that includes a swimming pool and lots of fruit trees. The property was formerly known as 3301 Waverly Drive, before it became the site of the grisly double murder of Leno and Rosemary LaBianca in 1969. Bagans will close in September on the $1.98 million dollar deal, according to TMZ.
Murder can have an impact on the value of a home, Josh said, and that can be positive or negative.
"It depends; was it owned by a murderer, or were they murdered in the house? I don't mess with murders in the house," he explained. "But if the murderer who owned the house murdered outside the house — it's negotiable."
Meanwhile, Josh and his wife are busy remodeling their own Los Angeles home and are working with Mitchell Gold + Bob Williams to design some custom furniture and create the perfect space for their newly-expanded family.
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