Westside luxury agent Jacqueline Chernov and a portion of her team have jumped to The Beverly Hills Estates as the boutique brokerage looks to grow its presence in the Pacific Palisades post-wildfires<\/p>\n
Chernov, who previously affiliated with Compass, was part of a team of agents representing spec developer Yaniv Nehemia on last year\u2019s record-breaking Pacific Palisades sale of 538 Chautauqua Boulevard for $32.3 million. Compass\u2019 David Berg, F. Ron Smith and Kristin Alexander were also part of the listing team. The deal was the neighborhood\u2019s priciest sale on record in more than a year.<\/p>\n
\u201cI wanted to make a change and I had a good opportunity to go to a smaller company because I prefer to be in a more boutique environment,\u201d Chernov said.<\/p>\n
For The Beverly Hills Estates, Chernov\u2019s addition further bolsters its presence on the Westside and, more specifically, the Palisades, where she\u2019s guiding rebuilds for not only clients but herself, after losing two properties in January\u2019s fires.
\nChernov team members Zoe Chernov, Max Chernov, Devin Harris and Stephanie Schembri joined The Beverly Hills Estates while Nicole Strober remains with Compass.
\nAnother former team member, Anna Gera, moved on to Westside Estate Agency.
\nMeanwhile, Jamielynn Storie will serve as the Chernov team\u2019s director of operations, while she stays with Compass as an agent.
\nChernov and her team will be based in The Beverly Hills Estates\u2019 West Hollywood headquarters on Sunset Boulevard. The brokerage is expanding its presence on the street, after taking over the building next door and is wrapping up renovations on the space.<\/p>\n
The brokerage switch is one of several shakeups in recent months for Chernov.
\nShe and her son lost their family home in the Palisades\u2019 Alphabet Streets, along with a property in the Huntington neighborhood. They bounced around to 10 different hotels and Airbnbs for about six weeks after the Southern California wildfires began. She saw first-hand the price gouging from landlords, although didn\u2019t have the time to report anyone.
\n\u201cThere\u2019s so much going on right now just arguing with the insurance company on a daily basis and trying to rebuild the business,\u201d Chernov said. \u201cI was hoping some of the realtors I was friendly with would help [with the price gouging]. Not one did.\u201d
\nShe plans to build back both homes, after selecting a builder and meeting with an architect.
\n\u201cThe building process should be a year, but no one knows when you can start,\u201d she said. \u201cThat\u2019s the tricky thing.\u201d
\nChernov estimated two-thirds of her Palisades clients are planning on rebuilding. Those who are selling tend to be over the age of 65 or families with very young children not interested in investing the time to wait out permitting and construction.
\nAs of Tuesday, there are 81 active land listings on the market in the Palisades, according to data provided by Amalfi Estates owner Anthony Marguleas. Another 17 lots are in escrow and seven have sold.
\n\u201cThere\u2019s a lot of potential in the Palisades right now,\u201d Chernov said. \u201cMy phone\u2019s ringing off the hook. I\u2019ve been to this point just helping clients navigate through whether or not they have the bandwidth to rebuild their properties.\u201d
\nNow, she\u2019s added the role of developer headhunter to her resume. The roughly dozen spec developers she works with are pivoting from building for themselves to custom builds for clients. It\u2019s a learning process on both ends.<\/p>\n
In some ways, Chernov\u2019s latest gig brings her back to where she always intended to be. In the early aughts she was studying interior design at the University of California, Los Angeles when a friend suggested she get into real estate. As a single mom with two kids, the work offered flexibility.
\nChernov obtained her license in 2003 and started at Coldwell Banker Realty\u2019s Pacific Palisades office. A side hustle flipping homes with her son \u2014 they\u2019re currently working on one property in Mar Vista and another in Larchmont \u2014 exercises her interior design skills.
\n\u201cI\u2019m finally doing what I wanted to do 20 years ago,\u201d Chernov said. \u201cWorking with builders helped me understand the process. I can read plans. Now, with the Palisades, all of a sudden, that\u2019s all it is right now: rebuilding.\u201d<\/p>\n
Pacific Palisades spec mansion trades for record $32M
\nHow LA\u2019s boutique brokerages juggle closing deals with managing the business
\nWatson Salari Group exits Official for Beverly Hills Estates<\/p>\n
The move of Jacqueline Chernov to The Beverly Hills Estates marks a significant shift in her career, driven by her preference for a boutique environment and her focus on rebuilding in the Palisades after the wildfires. With her extensive experience and background in real estate and interior design, Chernov is poised to make a significant impact in her new role.<\/p>\n
Q: Why did Jacqueline Chernov leave Compass for The Beverly Hills Estates?
\nA: Chernov preferred a smaller, boutique environment, which The Beverly Hills Estates offers.
\nQ: What is Chernov’s role in the rebuilding efforts in the Palisades?
\nA: Chernov is guiding rebuilds for clients and herself, having lost two properties in the January fires.
\nQ: How many active land listings are on the market in the Palisades?
\nA: As of Tuesday, there are 81 active land listings, with 17 lots in escrow and seven sold.
\nQ: What is Chernov’s background in real estate and design?
\nA: Chernov started in real estate in 2003 after studying interior design at UCLA, and has experience flipping homes with her son.<\/p>\n","protected":false},"excerpt":{"rendered":"
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