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El Segundo, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
What is PCM? I have been getting weekly emails that I found very interesting. It is all about new innovations, new technology, new computers. Clearly I read the emails with interest and deleted them as they kept coming in my inbox. The other day I received a lunch invitation to to the Microsoft Campus in Playa del Rey.Now they had my attention: Windows 10 What’s Next?  First I have not downloaded Windows 10 on my Laptop, I was waiting to hear about the bugs and the kinks to be worked out before I came aboard. Now my curiosity was on high alert. Who is PCM? So a bit of research and I discovered that:PCM, Inc. is a value added direct marketer of technology products, service and business solutions and the list goes on and on. Turns out they are in El Segundo, CA where all the companies tha...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Black Mass the Movie: a short review. For those of you who know me a quick refresher in case you forgot. Diane and I moved out from Boston, MA about 18+ years ago. Having lived in Boston for ten plus years I followed the Bulger Brothers Billy & Whitey with great curiosity. Keep in mind one on paper was the upstanding local boy who made good and became the most powerful politician in Boston, MA. His brother the polar opposite, a graduate of Ft Leavenworth KS and  Alcatraz, CANeedless to say when the Boston Globe made him front page news I read it with great interest and continued reading as the drama was unfolding. Ironically we moved to Los Angeles in the midst of all this... The news became fewer and fewer.... and long and behold when the News broke that Whitey was living in Santa Moni...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
322 Sierra St Income Property in El Segundo, CA90245 SOLD! Listed at $1,385,000.00 SOLD for $1,350,000. The proprty had ocean view and consisted of two buildings. One a Single Family Residence the other consisted of three one bedroom one bathroom Units.Property is conveniently located to LAX and the Military Industrial Complex of El Segundo, CA. The transaction was a bit challenging since we are so used to having Internet, DocuSign technology and the list goes on and on. Well the Seller did not have a Cell Phone, he also does not own a computer nor does he have an email address. Anyway you get the idea at the young age of 84 he did not feel the need to invest in such technology so meetings were face to face with paper and pen! Even the Escrow Officer came to his home to sign the Escrow ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
322 Sierra St, El Segundo a Four Unit Income Property: PENDING...Seller and Buyer both have come to terms. Property is Pending and all indication are that they will close soon.Fantastic Income Property has a huge upside. Below Market Rents. Two building one is a Single Family Residence in the front with a front and back yard. Second building consists of three units. Units have inside washer and dryer. Front house has washer and dryer as well. Each unit has a private 1 car garage. Kitchens recently updated to granite counter tops. Ideal for an investor or and owner user who want to have income too. Good Tenants two have been long term. Please do not Disturb tenants call or email listing agent for details. Subject to inspection upon accepted offer only.  If you are considering buying or s...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
The Billion Dollar SPY by David E Hoffman:  a book review....I must disclose, I was in the US Army  stationed in Germany during the period of 1978 to 1983 and during the span of this time period, the most significant US intelligence operations was taking place in Moscow right in the heart of the Soviet Union. Hence when I saw this book as I started reading the inside flap, I knew I had to have this book and read it immediately.The story is about Adolf Tokachev and the story unfolds from 1978 to 1985, during this time period the engineer overseeing radar development in the Soviet Union’s Defense Institute. He passed information on that one cannot put a price on. The money and time  that was saved on Research and Development alone is difficult to calculate.The information Tolkachev provid...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
322 Sierra St, El Segundo, CA Four-Units: Accepting Back Up Offers!Not all sellers have computers. Not all sellers have cell phones. Not all seller have emails. Now with that said this fantastic income producing Four Unit Building is in Escrow. The buyer has deposited the Earnest Money!Inspection completed. Looking forward to the next step.    If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I am a pet friendly realtor and I contribute ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Just Listed!! 322 Sierra St, El Segundo, CA   this is a fantastic Fourplex income property with a huge upside.The rents are below market. Two buildings one isa Single Family Residence in the front with a great front and back yard.The secnd building consist of three units. Each unit consists of one bedroom and one bath with inside washer and dryer.The front hous has a washt and dryer as well.Each unit has a private one car garage. Kithcens have been recently update to granite coutner tops to name a few. This is ideal for an investor or an owner user who want to have income too!  Great Tenants, two have been there long term This income property generates over $70,000 of income! Listed at $1,385,000.00 call for details or email me with your questions! If you are considering buying or selli...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Worldless Wednesdays: Solar Powerred STOP Sign in El Segundo,CA. Now check it out as you are driving!!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I am a pet friendly realtor and I contribute a portion of my commission to local animal rescue organizations. 
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Wordless Wednesdays: The Google Camera Car checking out LA Traffic! I could have told them it was bad:))   February last year I saw it parked in the Eastern Part of Los Angeles  check out my post  http://actvra.in/4c9Z If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I am a pet friendly realtor and I contribute a portion of my commission to local animal rescue organizations. 
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
On the road in Los Angeles: check out this license plate! As most of you know, as a Los Angeles Realtor we are often driving in traffic and our eyes catch various things. I have a tendency to notice  License Plates, especially when it is a Vanity Plate. Here is another one for everyone's enjoyment. I got a good laugh out of it. The funny part was it was a young couple driving it. I wonder if they were borrowing Dad's Car??     If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 or homes@endrebarath.com or visit one of my websites  a...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
El Segundo is a fantastic community oriented city in the South Bay. It offers a great small town feel, charming downtown and Main Street areas, award winning schools and proximity to the beach. From a real estate perspective, however, parts of El Segundo do have their challenges....and it's all about the location. The challenge El Segundo has is that it happens to have some less than appealing neighbors. Directly to the north lies LAX, or Los Angeles International Airport. To the west lies the Hyperion Waste Water Treatment Plant. To the south lies the Chevron Oil Refinery (although the areas nearest to the refinery of primarily commercial) and to the east is a relatively busy, but nice commercial and retail corridor with high rise buildings, hotels and strip malls. Although each area m...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
The Jury Duty Dilemma: Civic Responsibility and Work Responsibility, which one do you choose? If you work at a “Regular Job” 32-40 hours as a full time employee, depending on what your employer considers most beneficial from their perspective i.e.:  what the healthcare, retirement and other benefits dictate as to what  a full time employee is. Needless to say, generally if you get called on Jury Duty, you are exited for getting a break from your “Regular Job”. Now if you are a Realtor needless to say it does not matter if you are a Realtor in the Greater Los Angeles, CA or in Boston, Ma or anywhere in the Country, you are faced with a huge moral dilemma. What to do, squeeze out of the civic responsibility for the sake of taking care of your work responsibility. Well thanks to Diane, who...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Court Confirmation received on Loma Vista Street in El Segundo – SALE PENDING! The American Dream is still alive! The purpose of this post is to highlight a few points:  the intricacies of a probate sale with court confirmation; some of the challenges that entail a probate sale by court confirmation; and finally, Realtors striving to keep the American dream of home ownership alive. Customarily, seasoned developers love probate sales since often a seller just wants to get rid of the property because of not wanting the emotional attachment, or they just do not have the funds to develop the property themselves. When more than one seller is involved, I find that the majority want the infusion of additional cash. Hence, they want to quickly get rid of the property, regardless of what the tru...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Prior to El Segundo's incorporation in 1917, this area was part of the original Spanish land grant for "Rancho Sausal Redondo" ("Ranch of the Round Clump of Willows") in 1822, a rancho with a land mass of nearly 25,000 acres which extended from the areas as far north of what is now Playa del Rey, as far east as Inglewood, and as far south as Hermosa Beach. The land consisted of wheat and barley fields on which cattle and sheep grazed. In May 1911, five men representing the Standard Oil Company arrived here: Richard J. Hanna and J.E. Howell of the Eclipse refinery of Franklin, Pennsylvania and John Black, Henry Foster and William Rheem from the Standard Oil refinery in Point Richmond a city 18 miles east of San Francisco). They were surveying the area as a potential site for their next o...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
El Segundo had a busy year in income property.   While the total number of units selling was less than one per month, the buyer interest level increased as the Beach Cities prices drove investors to look north for deals. El Segundo unit sales statistics for 2013: Available buildings: 4 Properties are for sale from $999,000 to $1,599,000. Pending sales: 1 Building is in escrow priced at $3,800,000. El Segundo sales: 9 Buildings sold in 2013 from $725,000 to $3,325,000. The average price was $1,312,000. The average year built was 1960. None of the 2013 transfers were a distressed sale. El Segundo income property building types (2013 Sales): Duplex – 44% Triplex – 22% Fourplex – 11% 5-8 Units –11% 9+ Units – 11% Total unit value sold in El Segundo in 2013: $11,807,000 Average gross rent m...
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
EL SEGUNDO UTILITIES AND IMPORTANT NUMBERS-Brought to you by the Tyndall Team  CITY HALL (310)524-2300 Chamber of Commerce (310) 322-1220 Fire Department  (310)524-2269 Police Department (310)524-2200 Realtors (310)872-6358 Time Warner Cable (877)779-8954 AT&T (888)296-2000 So. CA. Edison (800)655-4555 So. CA. Gas Co. (800)427-2200 City of El Segundo Water (310)524-2391
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Los Angeles International Airport (LAX) update on the  Tom Bradley Terminal remodeling project!   As most of you know I have written a few blog posts over the years about LAX. For your convenience I have enclosed the links below in case you missed them. The timeliest was about the news when Westfield Management received the 17 year contract for the concessions at the Airport.   Well, the Media, the architects, the local politicians, Airport Management and Westfield Management last week got the opportunity to preview the soon to be finished Tom Bradley International Terminal.   The Mayor of Los Angeles & the Executive Director of Los Angeles World Airports were glowing as they addressed the media and the special invitees to this red carpet ceremony. (Keep in mind this is Los Angeles “hom...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Escrow is the process which facilitates the transfer of title, the funding of a new mortgage, the payoff of an existing mortgage, the issuance of new title insurance, the proper payment of all fees and expenses and the proper pro rations between buyer and seller. The escrow agent acts a third party to insure that all parties to the transaction have met their obligations prior to the recordation of any documents relating to the sale. Some states utilize lawyers instead of escrow agents to close a transaction, however most residential real estate transactions in California simply use an escrow agent. The escrow agent performs the following tasks:1. Escrow Instructions: Obtains copy of the purchase agreement and prepares Escrow Instructions to be acknowledged and signed by all parties. Mo...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Come celebrate the 2012 Christmas season on Candy Cane Lane in El Segundo. As they have since 1949, single-family homes lining the street will be decked out in lights, and their front yards covered in decorations. In the past, visitors have been treated to train displays and movie- and airport-themed decor. Opening night is on Saturday, December 8 at 7 PM with a visit from Santa Claus! Candy Cane Lane is located on the 1200 Block of East Acacia Avenue and will be open from 7-9 PM each night (weather permitting) through December 23.Canned food will be collected for charities. For safety reasons, only foot traffic is allowed. Please no dogs, skates, scooters or bikes.
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
The Space Shuttle Endeavor is coming to Los Angeles on Friday! I have grown up with the Space Race between the US & the USSR. That meant Sputnik vs. Mercury, Yuri Gagarin vs. John Glenn.  Next was the Gemini Program & then The Apollo Program. The space program changed our lives in so many levels, but that would be another blog post!  Fast forward to September 2012, here we are and the Space Shuttle Endeavor is being retired. How cool is that, I am two miles from Los Angeles International Airport and they are bringing the Endeavor here to my back yard. The Space Shuttle Endeavor had the distinction of circling around the earth about 4600+ times on 25 different missions and traveling without having any congestion in space, outside of space junk and a few satellites. Now on her final Journ...
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