Relationship drama is afoot on Million Dollar Listing Los Angeles Season 15, Episode 4! Last week, Flagg dropped $9 million on his childhood dream home, only to find it was torn down to studs. Oop. Meanwhile, Altman sold a hefty $24.5 million listing, further cementing his status as a major player in Orange County. This week, Tracy ended her relationship with Erik, and Flagg got into an email fight with one of his clients. Here’s everything you need to know in your Million Dollar Listing Los Angeles Season 15, Episode 4 recap: “Know When To Walk Away.”
Tracy and Erik are dunzo
Tracy had hinted to Flagg last week there was trouble on the horizon with her and Erik. He was only in his 20s, and she knew it could only last so long. A tearful Tracy told her friend Joey that Erik had cheated on her, just like her ex-husband did. Tracy learned about it via a DM from an Only Fans-type model. Erik confessed, and Tracy ended things. Tracy joked she would find her next man on The Golden Bachelor. Now that is a show I’d like to see.
Flagg headed over to his new Castle Place listing. The Trousdale area is a development of mid-century modern homes, right up his alley. There was just one problem. The seller wanted to list at $18 million, while Flagg knew it should be $15 million tops. The home had old finishes and a canyon view, instead of the more common city view. Still, Flagg knew not to fight the pricing battle right away and listed it a smidge lower at $17.995 million instead.
Altman was in the Benedict Canyon area where the homes range from $11 to $100 million. Just your average price of a home in LA. The seller was his designer/developer friend, Max. Altman said Max traveled the world for the most expensive and unique finishes for the homes he built. How bougie. This home in particular was priced at $48 million and would take three to four months to sell due to the current market. Max didn’t mind as he wanted his next project. He told Altman he was looking for a new home to rebuild in Beverly Hills, with a large lot and good bones. Altman knew he had to move fast because Max wouldn’t promise not to buy from anyone else.
Altman’s Sunset Boulevard rebuild opportunity was a bust on Million Dollar Listing Los Angeles
It was mother-daughter time for Tracy and Juliet. Juliet gave her mom sage advice regarding her recent breakup. She noted that not everyone is supposed to stay in each other’s lives forever. And it was good for her to process her feelings, otherwise they would spill out into her other relationships. Tracy’s jaw was agape. She had raised an amazing daughter and knew then that she had done something right.
Flagg was at his Castle Place broker’s open ready for feedback on pricing. As long as they didn’t notice a dead Ratatouille floating in the pool, all would go well. As predicted, most thought pricing was too high due to the need to modernize the home. That cherry wood floor wasn’t going to replace itself. Flagg lamented another red flag was the actual brokers who showed up. He looked at them like they all came from the valley. None were in the “one percent club,” the few who sell most of the homes in LA. Which meant even less interest in the property than expected.
Altman brought his client Max to a home under construction off Sunset Boulevard. It didn’t have a large lot, but the permits were already processed so they could build on day one. Max and his business partner Emil weren’t impressed. They worried it would still take two years to build, which would be the same amount of time if they had to get permits. The math wasn’t mathing for them. Altman sighed. He knew they wanted a showstopper. But chances of finding one in the current market were slim to none.
How to win an email fight
It was time for Tracy to spill the tea about her breakup. She met up with Flagg for lunch to goss over her life change. Flagg said flirting wouldn’t fly for him. He likes a traditional marriage, one with no Only Fans or webcams. Besides the flirting debacle, Tracy shared she didn’t want to be a 55-year-old mother with a three-year-old. She also noted that her dog Jake was bummed out. Flagg offered to have his dog George come by, but Tracy gave a firm no. Tracy also called up Altman and Heather. They didn’t seem surprised, but let her know they were there if she needed them.
After updating her crew, Tracy went back to work on her Studio City listing. It was already listed at $3.4 million because of the apartment buildings looming over it. Tracy advised the sellers to drop the price again to $3.25 million in hopes that would generate more traffic. Luckily they agreed, and Tracy’s strategy worked. Potential buyers were interested again, but would one look past those apartments?
Of course, Flagg ignored Tracy’s request and brought George over to play with Jake. While the doggies lounged about, he took a call about Castle Place. The seller wrote a nasty email calling out Flagg for not getting any offers, and inviting over subpar brokers from the valley. He was also insulted at Flagg’s suggestion to lower the price to $15 million. Flagg was activated. It was time for an “obnoxious and arrogant” response back. He wrote he knew exactly what he was doing, he had two million followers on Insta! If other brokers were telling him it was underpriced, why weren’t they selling it instead? Flagg said he was either going to get fired, the client would come around, or he’d quit. My guess is option number one.
Altman predicts a $150 million listing in his future
Tracy’s Studio City listing finally had an offer. It was $3.1 million all cash. However, this would net the sellers a $600 thousand loss on the home. Ouch. The content creators decided airplane noise and apartments weren’t so bad after all and took their home off the market. Tracy predicted the market would readjust to better interest rates, she just didn’t know when. That is the million-dollar question for us all. Tracy added, like her relationship with Erik, “Sometimes you realize it’s just time to walk away.”
Altman had another rebuild listing for Max and Emil. This time it was located in Bel Air. They were immediately entranced by the view. And it checked all the boxes. Great location, good bones, and had permits that were ready to go. Max was buzzing with design ideas. Glass bridges dazzled in his mind. Doesn’t sound earthquake-friendly to me, but he’s the expert. Altman told them the listing was $25 million, and after they rebuild they could potentially sell it for up to $150 million. Emil was more hesitant, but Max was ready to go yesterday. Altman was hopeful the deal would work, but nothing was guaranteed.
Million Dollar Listing Los Angeles continues Wednesdays at 9/8c on Bravo.
TELL US – ARE YOU SURPRISED TRACY BROKE UP WITH ERIK? DO YOU THINK FLAGG WON THE EMAIL FIGHT?
