STAR-QUALITY DIGS REAL CHARMER: TWO COZY BEDROOMS SLEEP 10. EVERY ROOM WIRED. CHIC CHICK COOP. SECLUSION A PLUS. TIGHT SECURITY. GENTLY USED FOR ONE SUMMER. CELEB VISITS NEGOTIABLE.

Byline: GREGORY J. WILCOX Real Deals

STUDIO CITY - Every community needs a famous house, if only for the cachet it brings.

Brentwood had O.J.'s mansion (it's been bought and bulldozed). In Holmby Hills, it's Heff's Bunny Hutch, and we all know Beverly Hills is really Startown, U.S.A.

Add the Valley to this A-list of locations. We've got the most famous house in the country, the ``Big Brother'' Bungalow, setting for that wild and crazy CBS reality bite, ``Who Do We Like the Least?''

And if you've watched this group gab fest, you've probably wondered just what this compact one-story, no garage, pre-fab palace would be worth in the hands of a local Realtor.

Probably a lot more than you think.

Broker Mike Glickman, a star in his own right during the boom of the late 1980s, would market the bungalow for $500,000.

Don't believe it? Neither did I.

But he'd probably get it, too, even though that's a lot of scoots for a house with absolutely no curb appeal.

``The value of the house would probably be exactly what the winner will walk away with,'' said Glickman, who is also a huge fan of the reality show. (`` `Big Brother' is like a foreign film. It's slow but once you're into it, you're hooked,'' he said.)

The comps - real estate agent speak for what comparable properties in the neighborhood are selling for - are in line with Glickman's price.

For example, he's just listed the ``Malcolm In the Middle'' house a few blocks away on quiet, tree-lined Cantura Street for $449,000. It's a two-bedroom plus den with one-and-a-half baths and a detached garage.

He's already gotten several calls about this property, which was used for exterior shots in the television show.

And he has experience with notorious celebrity homes, having once marketed the late Sharon Tate's mansion.

``The buyer (of the `Malcolm' house) is willing to pay more because it is a celebrity house,'' Glickman said.

Since these kinds of houses usually don't appraise for what is typical in the neighborhood, the buyers have to come up with bigger down payments or have a good relationship with their lender.

There is precedence for the kind of price the ``Big Bro'' digs could command. Glickman points out that the first contestant kicked off the ``Survivor'' show sold her sneakers for almost $700.

``The 'Big Brother' house would certainly sell for a lot of money simply because it is the `Big Brother' house,'' he notes.

Seems that notoriety has a value all its own.

One selling point would obviously be the fact that this is a pool home with a nice yard big enough for fun and games plus a chicken coop.

Who knows what else you could keep cooped up back there?

``That's a nice grassy area. And we know it comes with room for chickens,'' Glickman said of the yard.

This is a historically significant point, too, since the West Valley community of Winnetka was initially zoned for chicken ranching.

Economies of scale could be stressed, too.

The 1,800-square-foot structure (including yard) features a three-quarter bath (sink, toilet and shower), two bedrooms, kitchen/eating area and media room (the infamous Red Room where contestants often behave shamelessly). Wiring for sound and video is included.

It's furnished, too, with enough room for a family of 10 but the windows do need some attention.

Of course, your personal space increases as time goes by.

And it's in a gated community with some of the tightest security in the Valley.

In fact, Glickman is convinced that some minor additions would really boost the Big Brother bungalow's value.

It just needs some more character. Several, actually.

Like maybe Jenna or Colleen from ``Survivor,'' or former housemate Brittany, who just won't seem to go away even though America gave her the boot.

He suggests granting these three lifetime visiting privileges so they can amuse the new owners.

``Now if they could get Jenna or Colleen, the price would probably be $1.5 million. And adding Brittany would add a half a million,'' Glickman said.

On Wednesday night, Big Brother offered $50,000 to any house guest willing to leave the show. It was declined, which surprised Glickman.

``You could have taken that money and turned it into $100,000,'' he said laughing.

And while $50,000 is not necessarily a life-altering amount, it sure would make a nice down payment on a house.

Broker buzz

--The Sherman Way Center, a 31,520-square-foot retail center at the northwest corner of Van Nuys Boulevard and Sherman Way, has been sold to Hanhil LLC., a private partnership based in Los Angeles, for $3.55 million.

Christopher and David Maling and Lane Schwartz of Marcus & Millichap represented the seller, Washington Mutual, in the deal.

It was a quick turnaround for Washington Mutual, which had owned the property since February.

--DARC Properties have bought a 36,480 square foot industrial building in the 2900 block of Ontario Street in Burbank from David Augustine. Terms were not disclosed.

The building has been leased to Phylrich International, a manufacturer and distributor of high-end bathroom fixtures. The company is relocating from Hollywood.

Brett Warner of Lee & Associates represented the seller and David Young of NAI Capital Commercial represented DARC.

--A Malibu investor has purchased the Sunland Auto Center, a fully occupied 16,973-square-foot automotive strip center at 9007 Sunland Blvd., from Sun Pen Investment in Sunland for $1.2 million. Joe Lopez, president of Van Nuys-based Westcord Commercial Real Estate Services, and broker Patti Kutschko represented both parties.

CAPTION(S):

3 photos

Photo:

(1 -- color) Real estate broker Mike Glickman's latest listing: the home used for exteriors on the TV show ``Malcolm in the Middle.'' The house is priced at $449,000.

Phil McCarten/Staff Photographer

(2) Pictured is the exterior of the ``Big Brother'' bungalow. The property, which includes a chicken coop, could be priced at $500,000.

Michael Owen Baker/Staff Photographer

(3 -- color) ``BIG BROTHER'' HOUSE FLOOR PLAN