West Hollywood, CA Real Estate News

By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
According to The Combined Los Angeles/Westside MLS the following West Hollywood Condos have Open Houses scheduled for Sunday 10/2/2011 from 2:00-5:00pm If you're not represented by a Realtor|Broker and would like additional information on any of the Open Houses scheduled, please do not hesitate to call or email me: Stewart Penn - Penn Properties -  (310) 844-6515 - stewart@stewartpenn.com 1037 N Laurel Avenue #19 - 2-Bed 2-Bath (1640 sq ft) - $$995,000 1411 N Detroit Street #208 - 2-Bed 2.5-Bath (1753 sq ft) - $729,000 960 N Doheny Drive #402 - 2-Bed 2-Bath (1277 sq ft) - $675,000 8535 W Knoll Drive #214 - 2-Bed 2-Bath (1174 sq ft) - $649,000 1033 Carol Drive #108 - 2-Bed 2.5-Bath (1451 sq ft) - $559,000 8960 Cynthia Street #305 - 2-Bed 2-Bath (1407 sq ft) - $549,900 1129 N Larrabee St ...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Closing Date Strategy:  Let's talk about it...................... Choice and planning of a closing date can play a critical part when you are writing an offer for your buyer. It's sometimes tricky depending on what the goal is. It's easy to just state, for example, "30 days".  But depending on when the last signature on the last counter is signed, that closing date could end up on a Saturday and Sunday or even a holiday, which would require and addendum to the contract to change the closing date to one conducive to a business day. Alternatively, if you just state a specific date on the offer like "09/25/11", should the negotiations on price or terms to the point of final acceptance take longer than expected, once again you would need to sign an addendum to the contract to extend the clo...
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By Donne Knudsen, CalState Realty Services
(Los Angeles & Ventura Counties in CA)
  One of the hardest hit markets in Los Angeles & Ventura counties is the condo market.  Nowadays, condo financing is extremely challenging because so many condo complexes are simply not eligible for any kind of financing, - PERIOD!!!    For buyers in the lower end of the market here, buying a condo is nearly impossible. As a result, many condo sales are strictly all-cash investors looking for rental income, which makes any future financed sales even more remote and less likely than ever before.  The biggest issue with getting condo financing is that a) the owner occupancy rates are too low, b) the HOA has little to no cash reserves and is operating at a loss and c) there is pending litigation on the complex or the HOA.  All of which are issues that are dealbreakers for most lenders. Ri...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
    If you are looking for a really nice restaurant with a view that will knock your socks off, then a trip to the Soho House in West Hollywood, California is a must see and eat! The Soho House is located at 9200 Sunset Boulevard in the West Hollywood area. The Soho House opened its doors in West Hollywood in the spring of 2010 and is their second American House that occupies two stories of the 14 story building. The Soho House offers so many delectable dishes as well as scrumptious cocktails that will make you a loyal customer for life. The bar in the Sky Penthouse gives you a gorgeous and breathtaking view of the City of Angels! Heck, even the bathrooms have a view, how cool is that! This place is perfect for any special occasion as well as for business meetings and luncheons. For mor...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
  I bet you are starving right about now for lunch and not sure where or what to eat, in that case get yourself in the sushi mood and eat at Ajisai Japanese Restaurant in West Hollywood, California! The Ajisai Japanese Restaurant is located at 809 Palm Avenue in West Hollywood. You have to try the Ajisai Japanese Restaurant at least once in your lifetime because they offer so many wonderful delectable dishes, especially the sushi that will make your taste buds beg for more! Enjoy great lunch deals all decked out in your Bento Box that your lunch is served in or listen to some wonderful Jazz music for dinner while dining on a scrumptious meal. For more information regarding the Ajisai Japanese Restaurant please visit the link provided: http://www.ajisaisushibar.com/ Are you craving sushi...
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By Ravinder Pilson, Intero Real Estate in Santa Clarita, CA
(Intero Real Estate Services)
Priced to Sell! - $849,000Open House this Sun, 7/24 from 1-4pm! View the Virtual Tour Experience the ultimate in urban LA lifestyle in a highly coveted location! Complex of only 15 units built in 2008! Luxury condo with 3 bedrooms and 2.5 bathrooms; almost 1700 square feet of spacious living with high-end designer finishes, wood floors and patios! Custom cabinetry in the office and Master Bedroom, and closet organization system in Master walk-in closet. Enjoy the amazing city views from the complex's rooftop patio! Act fast! You do not want to miss this opportunity! Last unit that sold in this complex went for $930K in Jan 2011! Newer complex-only 15 units Bertazzoni appliances Approx 1700 spacious sq ft High-end designer finishes Wood Floors Rooftop patio with views Area:C10 MLS: F110...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
West Hollywood Condos - Market Report for June 2011: () May 2011, April 2011, March 2011, February 2011, January 2011, December 2010 Number of Units Sold: 35 (26-28-37-13-23-30) Average Days on the Market: 77 (109-86-74-74-121-116) Median Price: $532,000 ($592,000-$537,500-$543,000-$510,000-$545,000-$482,000) Average List Price: $534,000 ($627,000-$612,000-$549,000-$646,000-$619,000-$536,000) Average Selling Price: $508,000 ($599,700-$588,000-$532,000-$613,500-$589,000-$515,000) Lowest Price Condo Sold: $187,000 ($195,000-$225,000-$260,000-$295,000-$270,000-$235,000) Highest Price Condo Sold: $1,100,000 ($1,040,000-$1,240,000-$800,000-$1,600,000-$1,555,000-$890,000) Total Sold in Dollars: $17,788,000 ($15,593,000-$16,400,000-$19,700,000-$7,977,000-$13,560,000-$15,457,000) Stewart Penn ...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
I was trying to think of a good analogy for investment/portfolio building condo purchases such as, “Investment condos are the new…” but I was drawing a blank. I then think back to a time in the mid 2000′s when buyer’s were all about purchasing duplexes (or is it “dupli” if it’s plural). The duplex doesn’t make quite as much sense now as it did back then, so it hit me…”Investment condos are the new duplexes for 2011″. Buyer’s are pouncing on condos that have a low sales price and a long proven rental comp history. This unit at Park Wellington was in a multiple offer situation with 4 offers on the table, when our client jumped in at the last minute to secure the unit and we closed it in under 3 weeks. Park Wellington has always had a strong rental history. Now more than ever buyers are r...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Stewart Penn - Penn Properties - Condo Specialist Los Angeles: 8033 W. Sunset Blvd., Suite 608, Los Angeles, CA 90046 Direct: 310-844-6515   Cell: 310-866-1818 Palm Springs: 1775 E. Palm Canyon Dr., Suite 110-360, Palm Springs, CA 92264 Direct: 760-992-5788   Cell: 310-866-1818 Stewart Penn - Realtor for homes and condos in Los Angeles, Beverly Hills, Santa Monica, West Hollywood, Hollywood Hills, The Sunset Strip and throughout the greater LA area. Now also selling mid-century modern homes and condos in Palm Springs.  
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Open Houses are held on Sundays from 2-5pm in the Summer months and from 1-4pm in the Winter months. Brokers Caravans are held on Tuesdays from 11-2pm. For an updated list of all Open Houses in West Hollywood call Stewart Penn at Penn Properties 310.844.6515 or email stewart@stewartpenn.com 1411 Hayworth Ave #15 - 1-Bed 1-Bath (742 sq ft) - $295,000 8400 De Longpre #305 - 1-Bed 1-Bath (871 sq ft) - $320,000 970 Palm Ave #114 - 1-Bed 1-Bath (670 sq ft) - $339,000 999 N Doheny Dr #408 - 1-Bed 1-Bath (633 sq ft) - $379,000 740 N Kings Rd #103 - 2-Bed 2-Bath (996 sq ft) - $399,000 1215 N Olive Dr #305 - 2-Bed 1-Bath (1033 sq ft) - $424,500 848 N Kings Rd #108 - 2-Bed 2-Bath (1317 sq ft) - $529,000 8562 West Knoll Dr #11 - 2-Bed 2-Bath (1215 sq ft) - $569,000 8960 Cynthia St #305 - 2-Bed 2-B...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
West Hollywood Condos - Market Report for May 2011: () April 2011, March 2011, February 2011, January 2011, December 2010 Number of Units Sold: 26 (28-37-13-23-30) Average Days on the Market: 109 (86-74-74-121-116) Median Price: $592,000 ($537,500-$543,000-$510,000-$545,000-$482,000) Average List Price: $627,600 ($612,000-$549,000-$646,000-$619,000-$536,000) Average Selling Price: $599,700 ($588,000-$532,000-$613,500-$589,000-$515,000) Lowest Price Condo Sold: $195,000 ($225,000-$260,000-$295,000-$270,000-$235,000) Highest Price Condo Sold: $1,040,000 ($1,240,000-$800,000-$1,600,000-$1,555,000-$890,000) Total Sold in Dollars: $15,593,000 ($16,400,000-$19,700,000-$7,977,000-$13,560,000-$15,457,000) Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, West Holl...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Stewart Penn | Penn Properties | stewart@stewartpenn.com | (310) 844-6515 850 N Kings Rd, West Hollywood, CA "Magnificent Remodeled Condo in Unique Mid-Century Courtyard Building" 2BR/2BA Condo offered at $749,000 Year Built 1965 Sq Footage 1,317 Bedrooms 2 Bathrooms 2 full, 0 partial Floors 1 Parking 1 Car garage Lot Size Unspecified HOA/Maint $490 per month DESCRIPTION AND NOW FOR SOMETHING REALLY SPECIAL ....Probably the finest condo currently available on the market in West Hollywood .... June 2011. Immaculate spacious 2-Bed 2-Bath Condo with 200 sq ft patio in unique Mid-Century building. This sophisticated condo features the finest materials including a beautiful selection of quartz, travertine and Caesar stone. Hardwood floors, custom Shoji screen closet doors, Hans Grohe fixtur...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
West Hollywod Leads The Way With The First Automated Parking Structure in Southern California. The City of West Hollywood has awarded a $2.6 million contract to Unitronics to design, engineer, fabricate, install and maintain a 200-car automated vehicle storage and retrieval system for the West Hollywood City Hall Automated Garage and Community Plaza Project which will be located at 8300 Santa Monica Boulevard. Automated parking garages can hold as many as three times the number of cars as traditional ramp-style parking garages. Operationally, automated parking garages provide customers with a valet-like parking experience that is fast, safe, and convenient. According to Unitronics, Automated Parking Garages are also less expensive to build when compared to conventional parking garages....
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
949 N Kings Rd, West Hollywood, CA 90069The Trafalgar - Contemporary Condo Building with Sparkling Courtyard PoolYear Built: 1965No. of Units: 48Unit Sizes: 2 Bedroom unitsRecord Sale Price: $869,000 (8/17/2005)   Stewart Penn - Realtor for condos, lofts & single family homes in Los Angeles, Beverly Hills, Bel Air, Santa Monica, Malibu, Brentwood, Century City, Westwood, Beverly Center, Miracle Mile, West Hollywood, Sunset Strip, Hollywood Hills, Hancock Park, Sherman Oaks, Studio City and throughout the greater Los Angeles area.For further information, please contact:Stewart Penn - Realtor|Broker - "West Hollywood Condo Specialist" Office: 310-844-6515 Cell: 310-866-1818 stewart@stewartpenn.com
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
 The Pet Care Foundation 90210 is having a BINGO Fundraiser Night! Famous Bingo Night at Hamburger Mary's to Save Animals! On Sunday, June 5th at 7 PM there will be a Bingo Night at Hamburger Mary's in West Hollywood. Bingo at Mary's is loud and fun and the proceeds on this date go to the Pet Care Foundation Pets 90210! You pay a $20/person donation which goes to the charity sponsor of the evening. You play 10 games and one grand prize per game. Each winner gets a small gift basket provided by the charity and live auction items will be sold too. So the Details:When: Sunday , Sunday June 5th at 7pm Where: Hamburger Mary's 8288 Santa Monica BLVD, West Hollywood, CA Parking: If lucky, on the street, otherwise, ample parking available at structure behind Aaron Bros about 2 blocks west at 83...
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By Jayne Clement, Los Angeles Short Sale Agents
(Keller Williams Realty)
West Hollywood Craftsman bungalow and guest houseThis charming West Hollywood Craftsman bungalow and guest house combo is situated in a sweet neighborhood just a few blocks from major shopping (Starbucks, BevMo, Target, Crazy Rock ‘N Sushi, Zekes Smokehouse, bakeries, and many others).   The area of West Hollywood where this property sits has a walkscore.com of 89!  In other words, very walkable.  Walkable areas are hard to find in LA, and they almost always come with a financial premium (or financial penalty...depending on whether you’re buying or selling...!). Stylishly updated, this West Hollywood Craftsman Bungalow is a 2/1 in the main house and the guest house is 1/1. This restored 1921 home has been updated beautifully with many period details, including crown moldings and hard wo...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
West Hollywood Condos - Market Report for April 2011: () March 2011, February 2011, January 2011, December 2010 Number of Units Sold: 28 (37-13-23-30) Average Days on the Market: 86 (74-74-121-116) Median Price: $537,500 ($543,000-$510,000-$545,000-$482,000) Average List Price: $612,000 ($549,000-$646,000-$619,000-$536,000) Average Selling Price: $588,000 ($532,000-$613,500-$589,000-$515,000) Lowest Price Condo Sold: $225,000 ($260,000-$295,000-$270,000-$235,000) Highest Price Condo Sold: $1,240,000 ($800,000-$1,600,000-$1,555,000-$890,000) Total Sold in Dollars: $16,400,000 ($19,700,000-$7,977,000-$13,560,000-$15,457,000) Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, West Hollywood, Hollywood Hiils, the Sunset Strip and throughout the greater Los Ange...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
855 N Croft Ave #PH3 - Listed at $1,390,000 - Sold for $1,240,000 855 Westbourne Dr - Listed at $1,199,000 - Sold for $1,132,000 1424 Crescent Heights - Listed at $949,000 - Sold for $920,000 625 Huntley Dr #PH7 - Listed at $899,000 - Sold for $882,000 1210 N Kings Rd #303 - Listed at $879,000 - Sold for $837,000 (Originally listed at $899,000) 1200 Sweetzer Ave #1 - Listed at $875,000 - Sold for $875,000 (Originally listed at $999,000) 1411 N Detroit Street #403 - Listed at $789,000 - Sold for $750,000 817 N Alfred Street #404 - Listed at $729,900 - Sold for $729,900 1100 Alta Loma #701 - Listed at $689,000 - Sold for $775,000 (Short Sale - Originally listed at $1,300,000) 125 S Sweetzer #PH2 - Listed at $679,000 - Sold for $625,000 817 N Alfred #303 - Listed at $639,900 - Sold for $62...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
The City of West Hollywood is sponsoring a free Document Shredding and E-Waste Collection. Date: Saturday, May 14, 2011 Time: 9 a.m. to 3 p.m. Venue: West Hollywood City Hall 8300 Santa Monica Boulevard, West Hollywood E-Waste items include TV's, computers, printers, cell phones, DVD players, telephiones, microwaves, and more. Further information can be obtained by visiting www.californiarecycles.com
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
950 N Kings Rd #333 WEST HOLLYWOOD, CA Beautiful Top Floor Studio in Resort-like Setting. Studio/1BA Condo $218,000 Year Built 1973 Sq Footage Unspecified Bedrooms Studio Bathrooms 1 full, 0 partial Floors 1 Parking Unspecified Lot Size Unspecified HOA/Maint $446 per month DescriptionPRICED TO SELL - Standard Sale. Beautiful top-floor studio in the resort-like "West Hollywood Courtyards". Upgraded condo with built-in bookshelf that divides living and bedroom areas. Fitted walk-in closet, smooth ceilings and track lighting over breakfast bar. Tranquil views of lush gardens and courtyard. HOA Dues include earthquake insurance, water, gas, & basic cable. Freshly painted building exterior, remodeled hallways, pool, spa, club room, and on-site management. Property Features Central A/CCentra...
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