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Hat tip to daytrip for sending this in from the latimes.com:

tearing downThe front-end loader swung to the right and took a bite out of the shingled  roof of the quaint cottage. The roar of the engine and crackle of buckling  lumber carried down Elm Avenue in Manhattan Beach.

Within 40 minutes, a demolition crew reduced the 1950s one-story to rubble.  The 782-square-foot house would be replaced by a 3,300-square-foot Cape Cod.

“It feels exactly like the good old days,” said the property’s developer,  Mike Leonard.

Those days of booming demolition and construction came during last decade’s  housing bubble. Now, tear-downs are again on the rise in Southern California’s  affluent communities, as a rebounding housing market triggers a residential  reconstruction boom.

With little vacant land left, developers and wealthier buyers are snapping up  small, older houses in sought-after locales, then leveling them to build modern  mansions.

The wave of demolition has revived criticism that the new homes tower over  those next door and clash with neighborhood character. Residents complain that  their once-quiet streets have become perpetual construction zones.

The upscale South Bay town of Manhattan Beach exemplifies the trend. Builders  in the city pulled permits to demolish 84 residential units from July 2012 to  June 2013, the latest available data. That’s nearly double the  number pulled for the same period a year earlier. In August, one Manhattan Beach City Council member described the ongoing construction as a “tsunami.”

That force has rattled Manhattan Beach homeowner Jane Guthrie.This summer, she said, workers hammered large metal beams into the  ground a few houses away from her one-bedroom house, shaking the walls. Workers,  she said, were installing a deep basement for a 3,500-square-foot, three-level  house that replaced a small 784-square-foot cottage near the beach.

“It was like having an earthquake in your living room — for six hours a day,”  said Guthrie, a retired art director for ad agencies.

The rebounding housing market has sparked the demolitions. In November, the  median price for a home in Southern California was $385,000, up nearly  20% compared with the same month a year earlier, according to  research firm DataQuick. Builders such as Leonard are constructing houses “on  spec,” confident that they’ll find buyers.

In other cases, wealthy homeowners are buying cottages, then hiring builders  to knock them down and erect dream homes.

“You’ve got an amazing increase in new construction coming on the market” in Santa Monica, Brentwood and Pacific Palisades, said F. Ron Smith, a founding partner at high-end real estate brokerage Partners Trust.

In the city of Los Angeles last year, builders received approval to raze  1,227 houses and duplexes from January through mid-December, according to  Department of Building and Safety records. That’s 29% higher than in all of 2012, though still well off the pace of more than 3,000 in 2006, during the housing bubble.

Developer Igal Azran recently built a five-bedroom house near the Beverly  Center in Los Angeles. The 5,000-square-foot mansion replaced a modest, one-story Spanish-style home. With glass walls and vaulted ceilings, the modern  two-story towers over the adjacent 1920s homes with red-tile roofs. Public  records show Azran bought the property — then a 2,180-square-foot duplex — for  $856,500 in 2011. The house he built sold in October for $3.5 million.

Construction of new, high-end homes raises property values for neighborhoods,  Azran said. Those building their homes shouldn’t be confined to the sizes and  styles favored by their neighbors, he said.

“People like different things — people like Spanish, modern, French-style,”  he said.

But many longtime residents resent the scrapping of quaint, older homes,  including Clark Carlton, 57, who lives near Azran’s project. He  says he’s growing his hedges higher to regain privacy lost to another newly  constructed mansion.

“I am at the point now I have to make sure I am decently clothed to cross my  backyard,” he said.

Carlton and his neighbors want the city to take action. They are pushing Los  Angeles to tighten the so-called anti-mansionization ordinance passed in 2008.  Critics say it has failed to stop the construction of outsized homes that rob  views, block sunlight and alter the character of established neighborhoods.

In October, the Los Angeles City Council imposed additional size limits on  new houses in the Beverly Grove neighborhood. But the changes don’t mandate a  particular style.

http://www.latimes.com/business/realestate/la-fi-housing-tear-downs-20140104,0,4227748,full.story#axzz2pUGjITUt

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