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Los Angeles, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Diane and I have been going to the Festival of Books for the past 24+ years. If memory serves me correctly, we only missed the first two... Now with that said this year we did not get a new coffee mug. Usually, we get one every year commemorating our visit to the Festival of Books. This year was a total disappointment.The marketing was too vague and too discouraging. In the old days if you wanted to see an author you did not have to pay to enter. This year the message was mistakenly focused on, that you cannot get to see a panel or an author unless you pay for a ticket. Really??? False messaging. Sadly, many bought into this message including us.I told Diane it was just poor English and not clear messaging... we disagreed... on a side note I was right.So, with that said, let me tell you...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Friday Funday: I thought how about a fun dinner.... I always cruise the Internet, and I saw someone post a recipe for baked cabbage. Loved the idea and it so happened I had cabbage in the fridge as well as I always have olive oil.Now I thought this would go well with bake Argentinian Red Shrimp.Then I figured how about some great Red Lobster Cheddar Bay Bisquists to accompany the dinner Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
2401 San Marco Dr. Los Angeles CA 90068: Accepting Backup Offers...Directions : Head East on Franklin Ave to Cahuenga BLVD (N) first right (E)on to Dix St and first left (n) on Holly Dr. to the end turn (L) to San Marco, land is just past 2407 San Marco Dr.Remarks: Best priced vacant land in the Beach Wood Canyon area. Truly a fantastic opportunity to build your dream home in the highly desirable Hollywood Dell section of the Hollywood Hills East. This lot is equally desirable for a developer to build for spec. The house next to this lot on a more difficult upslope with smaller frontage was built recently. This up sloped lot has about 58 ft of frontage with panoramic canyon views. Just imagine being surrounded by nature and multimillion dollar homes and still be minutes from the city an...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
As most of you who read my posts, we have been supporting the Los Angeles Festival of Books for the past 24 plus years. We missed the first two and then we became loyal supporters year after year. Yesterday we went and you can read my post of what I thought. Now with that said we did not go this year the second day, like we always did two days in a row. Ironically, I had an easy day with real estate today.Well, not to dwell on it here are a few Fotos that I did not post yesterday.No matter what I wish you a wonderful week ahead and if you have time enjoy reading books. Please buy and read books. Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you ach...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
"Decadent and Delicious Dessert" - Banana gelato pie with hot fudge & candied hazelnuts As a kid I learned to spell "Dessert" correctly .... It's "dessert" and not "desert" I remember the correct spelling because I always want seconds .... hence the two s's Pizzeria Mozza - 641 N. Highland Avenue, Los Angeles, CA 90036
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Many homeowners can find alternatives to foreclosure by negotiating with lenders, often with the help of foreclosure counselors. If you’re facing foreclosure, call your lender right now to determine your options, which can include loan modification, forbearance, or a short sale. Review the details Start by reviewing all correspondence you’ve received from your lender. The letters—and phone calls—probably began once you were 30 days past due. Also review your mortgage documents, which should outline what steps your lender can take. For instance, is there a “power of sale” clause that authorizes the sale of your home to pay off a mortgage after you miss payments? Determine the specific foreclosure laws for your state. What’s the timeline? Do you have “right of redemption,” essentially a g...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Back in April this year I blogged about Diane Keating listing her Lloyd-Wright designed property in the Pacific Palisades for $8.5 Million. At that price she listed the house at a loss since she paid over $9 Million. Well, it seems as though the actress got lucky or really knows what she's doing! She withdrew the property from the market and re-listed it at $13.25 Million. Four months later she sold it for $10.75 Million. In the same blog in April, I referred to her Beverly Hills home which she listed for $10,950,000. The LA Times reports that Keaton has also sold this property. Records indicate the house was purchased by "Glee" creator Ryan Murphy. "Keaton restored the Ralph Flewelling-designed hacienda, which she bought in 2007 for $8.1 million. It first came on the market in March 20...
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Continuing on with the DTLA series, I'm at the Promenade Towers located at 121 S Hope, a stone's throw from the Disney Concert Hall and Dorothy Chandler Pavilion. This 2 bedroom, 2 bath unit boasts 1253 sq feet and is priced at $345,780 at the time of recording.HOAs for this unit are $750/mo, which includes 2 subterranean garage parking spaces. Building amenities include concierge, conference room, exercise room, pool, sauna, and sun deck. This unit is in a great price point for a first-time buyer.Downtown Los Angeles is a thriving urban neighborhood in Los Angeles that offers such landmarks such as the Staples Center, LA Live, Nokia Theater, FIDM, Disney Concert Hall, MOCA, and The Dorothy Chandler Pavilion. DTLA is a great place to live, work, and play!Go DTLA!www.CarolineSellsTheCit...
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By Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy
(Napa Consultants)
The Japanese Pavillion at the Los Angeles County Museum of Art This one of the loveliest buildings at the Museum.  It houses a varied and interesting examples of Japanese Art dating back to 3000BC. Our favorite area is a room with several cases of netsuke, which are carved ornaments similar to a button or toggle that held a box or pouch on the obi (sash of a kimono) in order to carry personal objects as kimonos do not have pockets.  As time went on, these little buttons became intricate carvings, here is an example: There are so many things to explore and learn about that delight the senses and the mind.  We find art as one of those delights. WATCH VIDEOS-  Buzz-Worthy Luxury Real Estate Websites  Personal Branding Case Studies   Company Branding Case Studies  About Language of Luxury ...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
There is a new listing at The Dorchester on the Wilshire Corridor. This is a 3 bed 2.5 bath, 1,805 sq. ft. unit for $925,000.  HOA dues are $1,218 per month. No units have been sold over the past month and none are under contract. There are 4 units for sale for a median price of $875,000.  Average days on the market are 92. View past years sales for The Dorchester Find homes for sale and lease at The Dorchester
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
The Wall Street Hournal reports that "Le Belvedere", "a Los Angeles mansion that originally listed for $85 Million has sold for $50 million". I blogged about this property in April of this year, commenting on how the priced had been reduced from $85 Million to $72 Million. What I found astounding was the annual property taxes on such a property would be well in excess of $1 Million. "The home, which was owned by real-estate developer Mohamed Hadid, first listed for $85 million in 2009 but most recently asked $72 million. Public records list the buyer as Sarp Turanligil, owner of a Turkey-based yacht and furniture production company. A representative for Mr. Turanligil says he never owned the home, but was managing some business for a company that bought the home and is no longer affilia...
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Larchmont Village Family FairAlways charming and quaint, Larchmont Village, near Hancock Park will be hosting  a "Family Fair," complete with talent and costume contests, as well as rides, games, and food suitable for the kiddies. The Larchmont Family Fair takes place on Sunday, October 24th from noon to 5 p.m. and is free, with all proceeds  going to various local non-profits.  I'm hoping for a pumpkin carving station and grilled corn with all the fixin's. See you there! Please contact me directly at 323-461-6570 if you would like more information about the real estate market in Urban L.A., or any information contained in this blog. For a free list of homes for sale, please visit UrbanPulseProperties.com. Related Articles Rate-A-Restaurant #234: Larchmont Bungalow
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By Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy
(Napa Consultants)
One of the things we love about Los Angeles is the creative energy that manifests itself in so many ways.  This picture taken by Ron is the elevator from the parking garage at the Los Angeles County Musem of Art.  It was built with the palm tree in mind.  We found this entrance/exit a wonderful testimony to the lastest slogan promoting Los Angeles, "It's So LA!". Wishing you all a lovely Columbus Weekend, Ron and Alexandra
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Westwood / Century City - Market Report for September 2010: Number of Units Sold: 25 units Average Days on the Market: 104 days Median Price: $550,000 Average List Price: $685,000 Average Selling Price: $657,000 Lowest Price Condo Sold: $300,000 Highest Price Condo Sold: $1,870,500 Total Sold in Dollars: $16,430,000 Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, West Hollywood, Hollywood Hiils, the Sunset Strip and throughout the greater Los Angeles area. Information obtained from The MLS is deemed accurate but not guaranteed.
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By Monique Carrabba
(The Carrabba Group/Keller Williams)
My notes:Wells Fargo short sale meeting 9/23/10Wells Fargo services 9 million loan customers (2nd to BofA)22% are portfolio assets including Wachovia loans (or owned by Wells Fargo)Therefore, 78% are serviced for loan investors (where Wells is the servicer)Wachovia assets have already been written down (default management term, means losses have been realized)With Wells, the loss hasn't been realized yet (therefore, not as loose as Wachovia program, more at stake to lose for the investor)"2010 is the year of liquidation, 2009 was the year of retention" (good quote)"The pig in the python" ( default management term ) - backlog inventory clogging up industry, but it has to move through some time...and that some time is very soon!Severity is the percent of the loss realized on an assetWells...
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I'm braving the cold, rainy weather to bring you another episode of the Downtown LA Series!  This time, we're in a 1598 sq foot unit at the Toy Lofts at 1855 Industrial St, by the Biscuit Lofts, Royal Clayton's Pub, and Joe's Market.  This almost 1600 sq ft unit is priced at $428,000 with HOAs of $419/mo at the time of recording. This unit features south-facing views, open floorplan with high ceilings, polished concrete floors, and lots of light.  Building amenities include a 24-hour guard, garden terrace with BBQ area, private gym, and rooftop pool and deck.  Parking is included in the HOAs! My goal with the Downtown LA Series is to expose more people to the housing options in Downtown Los Angeles, and show what an affordable price point they are in.  Downtown LA is also a cultural an...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
There are two new listings at Century Hill in Century City. One is a 3 bed 3.5 bath, 3,134 sq. ft. unit for $1,895,000.  HOA fees are $1,565.89.  The second is a 2 bed 2.5 bath, 1,994 sq. ft unit for $1,250.  HOA fees are $993.63.  The latter was sold in May 2010 for $800,000. One unit has sold in Century Hill for $1,137,500.  There is one unit under contract and 16 for sale. See full Century City home sales market report Find condos for sale and lease at Century Hill  
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
There is a new Century City listing at Century Towers.  This is a 2 bed 2 bath, 1,334 sq. ft. unit for $799,000.  The HOA dues are $1,523 per month. There have been no sales over the past month.  There are no units under contract. See full Century City homes market report Find condos for sale and lease at the Century Towers  
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
 Where would you prefer to live in Bel Air, CA, or Malibu CA? There are so many neighborhoods to choose from in the greater Los Angeles area.  If you are considering moving from any part of the world to Southern California, where would you want to live and why?  It is not about money, it is about a life style. In no particular order, I will give you small tidbits about these fantastic, super desirable locations to help you decide. So if you are relocating or just want another Trophy Home in your collection this should help you to decide? Picture by Mike Downey Bel Air boasted of quite a few famous residents inside the West & East Gates of Bel Air. Frank Sinatra, Ronald Regan and Elizabeth Taylor just come to mind immediately. Bel Air offers large panoramic view homes of Century City and...
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By Redesign Properties
(Redesign Properties)
Restaurant Week in Los Angeles is back and better than ever.  From October 3rd - 8th and October 10th -15th you can indulge in a selection of discounted 3-course menus from some of LA's best restaurants.  Lunches start at $16 and dinners start at $26.  Confused where to book your reservation this year?  Check out our Guide To dineLA Restaurant Week and book your reservations through OpenTable.
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By Risa Liebster, Toluca Lake Real Estate
(Ramsey-Shilling Associates)
Bing Crosby Estate Hosts Toluca Lake Community Benefit   On Saturday evening, September 30th, Larry Stickney current owner of the historic Bing Crosby Estate in Toluca Lake, California graciously opened his home and gardens for the Toluca Lake Chamber of Commerce's most recent community benefit. "An Evening of Comedy with Fritz Coleman and Friends" exceeded Chamber expectations with well over 200 neighbors and guests in attendance. The event began at sunset with cocktails by the pool and tours of the main house's first floor. This was a wonderful opportunity for those in the area used to solely viewing the outside of the property in passing to explore the beautifully decorated and well-restored interior. Those who wanted to enjoy the night's welcome cool breezes embarked on self-guided ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Century City, CA Condominium Report for the month of September 2010  Los Angeles has long been considered having two Downtowns, one the "real" Downtown and the other being Century City, CA.  If you look at the Hollywood Hills hillside properties " City Views" are considered more valuable than" Canyon Views". The most valuable of the view homes are the one that have both Downtowns framed in the view. This is quite different from most Cities in the United States.  Corner of Century Park East and Olympic Boulevard, Century City, CA Now with that said let us look at how the Activity fared for the Month of September. There were 307 Active Condominiums for Sale. This is a drop by 10 from the previous month's numbers. This month there were no properties on Hold. This is an indication that the ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Marina Del Rey CA Condominium Market Report for the Month of September 2010 Marina Del Rey CA Condominium Market Report for the Month of September 2010 As most of you know Marina Del Rey, CA is a beach community and one can consider it as a Suburb of Los Angeles CA. Depending  where you live the beach can be walking distance of a few feet or furthest around 2-3 miles from the beach. Needless to say depending if you buy a Townhome, or a Single Family Residence, or a Condominium the Value increases if you have an Ocean View Property as well as the distance of the Proximity to the beach. Sellers and buyers are very proud of the size and distance of the Ocean View. Now with that said, let's see how the Real Estate Activity fared in the Marina for the month of September. There 163 Active Con...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Playa Vista, CA Condominium Market Report for September 2010  As many of you know Playa Vista is the newest Planned Urban Development in Los Angeles since the past fifty years, hence it is a new and dynamic community with the needs and wants of a modern consumer wanting to live close to the Beach on the West Side of Los Angeles. The streets are wide; there is a park like setting with a community pool and club house just to mention a few of the amenities. Anyway with that said let us see how the Activity was for the month of September. There were 33 Active Condominiums for Sale on the Market. This has been a downward trend for the past three months. The inventory   of homes for buyers to choose from has been dwindling. There has been a huge increase in the Pending & Accepting Back up Off...
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