Sherman Oaks, CA Real Estate News

By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Refinancing a Jumbo Mortgage After a COVID Forbearance  Despite some recent setbacks that see COVID cases increasing, many of us are optimistic that vaccination rates will continue to go up and all of America will eventually commit to getting the worst of the virus behind us once and for all. There is no doubt that as we headed into the summer, we could feel the economy coming back on line and the country getting back to work. Sure the recovery has been uneven, but compared to the uniform bleakness of last summer, there could only be reason for hope this time around. Not surprisingly, the progress we're seeing in the general economy has carried over to what we're seeing in the mortgage industry --- many homeowners who took advantage of COVID forbearance and payment deferral plans are no...
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By Sara Mehrpouyan 818.903.2040, CA- Sherman Oaks and Woodland Hills Real Estate
(Beverly & Company Properties 818-903-2040)
 Should you buy a Sherman Oaks, Ca condo or a townhome for sale?  Let us compare a condominium and a townhome.  According to Realtor.com, "townhouses are defined  as single-family dwellings with at least two floors that share a wall with another house".  In the Sherman Oaks, Ca area- most people would expect for a townhome to be a multi-level unit that has a private, attached garage for parking and/or storage. Condos typically have detached parking spots that are assigned to the unit, inside of a subterranean garage, parking lot, or carport.   Are Sherman Oaks condominium and townhome units attached or detached? A townhouse usually shares attached walls with neighbors on either side, however there are no units located above or below you. Condos may be one-story with other units above, b...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Just Listed: 3747 Camino De La Cumbre, Sherman Oaks, CA 91423 another vacant land! Endre Barath JrMobile:310-486-1002 Office Phone:310-777-7800 Email Address: homes@endrebarath.com Lic#: 01238708 Office Name:     Property Information Here is a fantastic opportunity to build your dream home in the Sherman Oaks Hills. Prime land, seller has relocated and must sell. The permits have expired for a house that was designed. Seller has all the reports including Geo, Soils, Topography survey and the list goes on and on. Take advantage of all the time effort and money the seller spent. Call or email listing agent for additional information. Best priced hillside land in Sherman Oaks Hills. Best value on Camino De La Cumbre and nearby. Ideal for owner user or a savvy developer.       General Infor...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
3971 Hopevale Dr., Sherman Oaks, CA 91403 Price Reduced in case you missed this great view lot it overlooks the San Fernando Valley take another look!3971 Hopevale, Sherman Oaks, CA 91403 129,000 MLS#:21674754 Endre Barath JrMobile:310-486-1002 Office Phone:310-777-7800 Email Address: homes@endrebarath.com Lic#: 01238708 Office Name:     Property Information Huge price reduction on this Fantastic View Lot in Sherman Oaks Hills. Paved Road with utilities in the street. All you need to do is connect to them. One of the gentler up slopes in the area. Hopevale Dr. is a Cul-de-Sac street with numerous homes nearby. Seller has a Topography Survey. Property is under Los Angeles Hillside Ordinance and Mulholland Scenic Review Board. Ideal lot for either a builder/developer or an owner user. The...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
 Fantastic view lot new to market:3971 Hopevale SHERMAN OAKS CA 91403Fantastic View Lot in Sherman Oaks Hills. Paved Road with utilities in the street. All you need to do is connect to them. One of the gentler up slopes in the area. Hopevale Dr. is a Cul-de-Sac street with numerous homes nearby. Seller has a Topography Survey. Property is under Los Angeles Hillside Ordinance and Mulholland Scenic Review Board. Ideal lot for either a builder/developer or an owner user. The opportunity to be in the hills with panoramic views is very rare.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!...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
CALL 818-825-6996 FOR APPOINTMENT:  1-4PM on SUNDAY 8-2-20 Property:                                      5055 Coldwater Canyon Ave, Unit 203, Sherman Oaks, CA 91423Virtual Tour:                           www.5055ColdwaterCanyonUnit203.comOffered At:                               $535,000Call:                                           818-825-6996 to ViewProperty Description:            3 Bedrooms, 2 Bathrooms, Bonus Room, VIEWS! CALL 818-825-6996 for Appointment 1-4pm on SUNDAY 8-2-20 - Call 818-825-6996 to schedule. www.5055ColdwaterCanyonUnit203.com. Beautifully Updated Contemporary 3 Bedroom, 2 Bathroom with Bonus Room Sherman Oaks Condominium with Breathtaking Views of Santa Monica Mountains with easy access to everything – 101 Freeway, Studios, Westside, Sherman Oaks Galleria, yum...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
CALL 818-825-6996 FOR APPOINTMENT:  1-5PM on SUNDAY 7-26-20 Property:                                      5055 Coldwater Canyon Ave, Unit 203, Sherman Oaks, CA 91423 Virtual Tour:                           www.5055ColdwaterCanyonUnit203.com Offered At:                               $535,000 Call:                                           818-825-6996 to View Property Description:            3 Bedrooms, 2 Bathrooms, Bonus Room, VIEWS! CALL 818-825-6996 for Appointment 1-5pm on SUNDAY 7-26-20 - Call 818-825-6996 to schedule. www.5055ColdwaterCanyonUnit203.com. Beautifully Updated Contemporary 3 Bedroom, 2 Bathroom with Bonus Room Sherman Oaks Condominium with Breathtaking Views of Santa Monica Mountains with easy access to everything – 101 Freeway, Studios, Westside, Sherman Oaks Galler...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
CALL 818-825-6996 FOR APPOINTMENT:  1-5PM on SUNDAY 7-19-20 Property:                                      5055 Coldwater Canyon Ave, Unit 203, Sherman Oaks, CA 91423Virtual Tour:                           www.5055ColdwaterCanyonUnit203.comOffered At:                               $535,000Call:                                           818-825-6996 to ViewProperty Description:            3 Bedrooms, 2 Bathrooms, Bonus Room, VIEWS! CALL 818-825-6996 for Appointment 1-5pm on SUNDAY 7-19-20 - Call 818-825-6996 to schedule. www.5055ColdwaterCanyonUnit203.com. Beautifully Updated Contemporary 3 Bedroom, 2 Bathroom with Bonus Room Sherman Oaks Condominium with Breathtaking Views of Santa Monica Mountains with easy access to everything – 101 Freeway, Studios, Westside, Sherman Oaks Galleria, y...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
SHOWN BY APPOINTMENT:  1-6PM on SUNDAY  Property:                                      5055 Coldwater Canyon Ave, Unit 203, Sherman Oaks, CA 91423 Virtual Tour:                           www.5055ColdwaterCanyonUnit203.com Offered At:                               $535,000 Call:                                           818-825-6996 to View Property Description:          3 Bedrooms, 2 Bathrooms, Bonus Room, VIEWS! Shown By Appointment 1-6pm on SUNDAY Call 818-825-6996 to schedule. www.5055ColdwaterCanyonUnit203.com. $535K Beautifully Updated Contemporary 3 Bedroom, 2 Bathroom with Bonus Room Sherman Oaks Condominium with Breathtaking Views of Santa Monica Mountains with easy access to everything – 101 Freeway, Studios, Westside, Sherman Oaks Galleria, yummy restaurants, delightful enter...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
SHOWN BY APPOINTMENT:  3-6PM on SATURDAY  Property:                                      5055 Coldwater Canyon Ave, Unit 203, Sherman Oaks, CA 91423Virtual Tour:                           www.5055ColdwaterCanyonUnit203.comOffered At:                               $535,000Call:                                           818-825-6996 to ViewProperty Description:          3 Bedrooms, 2 Bathrooms, Bonus Room, VIEWS! Shown By Appointment 3-6pm on Sat Call 818-825-6996 to schedule. www.5055ColdwaterCanyonUnit203.com. $535K Beautifully Updated Contemporary 3 Bedroom, 2 Bathroom with Bonus Room Sherman Oaks Condominium with Breathtaking Views of Santa Monica Mountains with easy access to everything – 101 Freeway, Studios, Westside, Sherman Oaks Galleria, yummy restaurants, delightful entertainme...
Comments 2
By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
SHOWN BY APPOINTMENT:  1-4PM on SATURDAY + SUNDAY Property:                                      5055 Coldwater Canyon Ave, Unit 203, Sherman Oaks, CA 91423Virtual Tour:                           www.5055ColdwaterCanyonUnit203.comOffered At:                               $535,000Call:                                           818-825-6996 to ViewProperty Description:          3 Bedrooms, 2 Bathrooms, Bonus Room, VIEWS! Shown By Appointment 1-4pm on Sat 6-6, Sun 6-7, Sat 6-13, Sun 6-14 - Call 818-825-6996 to schedule. www.5055ColdwaterCanyonUnit203.com. OFFER DEADLINE IS WEDNESDAY 6-17-20 at 5PM. $535K Beautifully Updated Contemporary 3 Bedroom, 2 Bathroom with Bonus Room Sherman Oaks Condominium with Breathtaking Views of Santa Monica Mountains with easy access to everything – 101 Freew...
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By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Qualifying for a Mortgage? Don't Step in a Large Deposit Mess By far, one of the most confounding experiences when one goes to obtain a mortgage is the sourcing of "large deposits" on a bank statement.  This is our industry's gift that keeps giving.  However, there are some ways to avoid inadvertently stepping into trouble and like with most things in life, an ounce of prevention is worth a pound of cure.   What Is a Large Deposit?Most of the time a mortgage lender will define a large deposit as a non-payroll deposit that exceeds 50% of your gross monthly income.  So, let's say you provide a bank statement to us.  We see an ATM or teller deposit for $6175 and your gross monthly income is $10K.  You can expect we will ask to know what the deposit is and where it came from.  Different len...
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By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
What Is an Escrow Account? When renters desire to become home buyers, they quickly learn once in the mortgage process that their single rent payment will morph into "PITI" or "principal, interest, taxes and insurance," or a "total monthly housing payment."  So, yes, there are additional monthly expenses to consider when you become an owner.  Historically, ownership has bestowed tax benefit on the buyer and that's been an offset to the higher cost of ownership and because of this, the "rent vs. own" calculation has been used to more fairly compare the cost of putting a roof over one's head.  Rent may be simpler, but ownership is more comprehensive, if more expensive. Let's assume that our buyer has done the comparison and decides to move forward with purchasing a place of his own.  At so...
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By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Lock Watch for the Week of 1/14/2019 Volatility-O-Meter:A good mix of important reports throughout the week and though it does not seem promising at the moment, a resolution to the shutdown brings the potential for the stock market to rally and bonds to sell off.  Be careful. Economicalendar (all times are Pacific):Mon, 1/14:      Quiet.Tues, 1/15:     PPI and Empire State Mfg Survey (5:30am).Weds, 1/16:     Retail Sales and Import/Export Prices (5:30am), Business Inventories and Housing Market Index (7am), Beige Book (11am).Thurs, 1/17:    Housing Starts, Jobless Claims, Phila Fed Business Outlook Survey (5:30am).Fri, 1/18:        Industrial Production (6:15am) and Consumer Sentiment (7am). 10-Year Treasury History2.69%     Market Open2.66%     One Week Ago2.91%     One Month Ago2.54% ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
3963 SUMAC DR SHERMAN OAKS CA 91403,another vacant lot SOLD~ Seller wants it SOLD NOW!!!!Fantastic opportunity to build your dream home South of Ventura Blvd with great city views. Upslope view lot on a paved road with utilities nearby. Geology Report, soils report and Topopography survey will be available with accepted offer. Next door to a recently built multi million dollar home on identical lot.Another challenging vacant lot sold in the Sherman Oaks Hills  South of the Boulevard affectionately known as SOB. If you are looking to sell your challenging or easy build vacant lots please reach out to me directly. Here is an example three other agents tried to sell this lot!! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties ...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
JUST SOLD!4659 Wortser Ave., Sherman Oaks, CA 91423$1,055,000 Single story home in desirable Sherman Oaks. Open kitchen with new cabinets, quarts counter tops and stainless-steel appliances. Lots of natural light envelope open space between kitchen, dining area and living room. Hardwood floors have been refurbished, stained and sealed. All bathrooms fully remodeled, new dual pane windows and much more! Large 8,000+ SF corner lot with a newlyre-surfaced pool and plenty of space for entertaining and large family gatherings! Classic, tree lined neighborhood with abundant appeal and nostalgia! Ralph Gorgoglione - Broker / RealtorTop 3% Realtors NationwideMetro Life Homes  / BRE #01708344Maui Life Homes / RS-78439(310) 497-9407 / (800) 591-6121  /  Fax:  (866) 470-2717Web:  metrolifehomes.ne...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
3963 Sumac Accepting Backup Offer : another Vacant lot in the Sherman Oaks hills in Escrow!Fantastic Opportunity in the Sherman Oaks Hills South of the Boulevard to build your dream home.Seller wants it sold hence the huge price reduction. Pefect Opportunity for a buyer with visions of living  in the Sherman Oaks hills with peak a boo views of the San Fernando Valley.If you are considering selling your Vacant Lot, please reach out to me directly I am a Hillside Land Expert.  If you are looking for a 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 Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
What is a "Bully" offer?Many areas of the country have been, and still are, experiencing extreme price increases in home values over the past decade.Having been in the business for quite a while, I've seen the cycles and the trends.It tends to create a frenzy that in some cases, can bring ot the worst in people.One of those by-products of a crazy market is the "Bully" offer.A Bully offer is, in essence, one designed to put pressure on the seller.  They are typically (but not always) cash offers with very aggressive terms, coupled with a very quick deadline on the offer.  The purchase price offered is usually not as aggressive as the terms of the offer.In extreme upwards markets, a bully offer is usually intended on "locking down" the property before the market has the opportunity to spe...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
142 people came through my open house, with SPIES........142 people came through my open house this weekend.....Yup.  That's right.  142 people.We marketed this property the right way for this market, and it resulted in 142 people coming to our open house.Crazy market in LA.  Cray-Cray.But wait, there's more!We had a GOOD cash offer during the week.  The only thing is, they put a 24-hour deadline on their offer. And my clients wanted to stick to the plan of waiting until after the open house to allow the market to speak to them.  So we respectfully declined, and asked if they could please wait until after the open house 5 days later for a response.  Mind you, their offer was written sight unseen because there were no showings allowed until after the open house.But wait, there's more!The...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
3963 Sumac Dr. Sherman Oaks, CA another view lot JUST LISTED!!!Fantastic opportunity to build your dream home South of Ventura Blvd with great city views. Upslope view lot on a paved road with utilities nearby. Geology Report, soils report and Topopography survey will be available with accepted offer. Next door to a recently built multi million dollar home on identical lot. Interestingly about ten years ago I sold the neighboring lot and look at the home that they have built...This was the photo about seven years ago as they were finishing the home... life comes full circle, the neighbor did not want to sell then and was annoyed that I sold this one... four agents later, the neighbor figured it was time to sell it and might as well call the agent who sold the neighbor's home:))) If you ...
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