Real Estate News

This $3.9M California home comes with two Tesla cars as incentive to buyers

A Los Angeles area home for sale for $3.895 million is offering an unexpected incentive — two brand new Teslas with the purchase.

The twin Tesla Model 3 offer equals an enticement worth up to $100,000, according to a representative of Compass real estate firm.

The offer is the byproduct of challenging market conditions in California and across the country as rising interest rates, inflation and a declining stock market take their toll.

For this five-bedroom, five-bathroom, 4,674-square-foot Spanish contemporary in Sherman Oaks, the buyer can even select their car colors with the home purchase.

“In all my years in real estate, I’ve never seen an incentive this bold,” said listing agent Michael Bergin of Compass in a statement. “Tesla is a highly-regarded luxury brand, which makes it a perfect pairing with our luxury home. We’re confident that the value we’re offering with this extraordinary incentive will bring out astute prospective buyers.”

Located at 4620 Morse Ave., the residence has been completely remodeled with highlights including an adobe brick arrival, “Spanish Steps” staircase and tall ceilings.

The property includes:

Three fireplaces

Wide plank hardwood floors

Sprawling family room

Distressed-beamed formal dining room

Entertainer’s kitchen with custom cabinetry.

The grounds have an oversized pool and spa, cascading fountains, sustainable landscaping and outdoor fireplace.

The sellers are Jonathan Bock and Ted Gartner, according to Compass. The estate ownership is listed as Yellow Canary Divide LLC, according to Property Shark.

This story was originally published October 27, 2022 at 2:38 PM.

David Caraccio
The Sacramento Bee
David Caraccio is a video producer for The Sacramento Bee who was born and raised in Sacramento. He is a graduate of San Diego State University and a longtime journalist who has worked for newspapers as a reporter, editor, page designer and digital content producer.
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