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Los Angeles, CA Real Estate News

By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
By midday on Friday 2/12/2010 The "Hollywood" Sign had become "Saveypood". Later in the afternoon the sign read "Save the Pood". By Friday night the sign read: "Save The Peak"
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Save The Peak - "Cahuenga Peak" - The Land Surrounding The Hollywood Sign In order to increase awareness of the effort to save Cahuenga Peak, The Hollywood Sign will be draped with a sign that will read "Save The Peak". Take a look at the listing for the site. “The City of Los Angeles wants to acquire this land, not only to maintain the view of the Hollywood Sign, but also to preserve open space, hiking trails and wildlife corridors...”  - Tom LaBonge, LA City Council
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Google has announced its plans to build ultra high speed Broadband Networks in a number of trial locations across the United States. Google has invited interested municipalities to provide information about their communities so they can decide which cities or towns will be involved in their experimental networks.
Comments 63
By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The third annual Southern California Home Buyer's Fair will take place on March 13th and 14th at the Los Angeles Convention Center The event is sponsored by the California Association of Realtors and is expected to draw thousands of potential homebuyers.Sunday will feature more than 50 educational seminars designed to help potential buyers through the maze of information they need to know. The wide variety of subjects covered include:Basics of Homeowner's InsuranceHow to Plan and Save for Your First HomeAvoiding Mortgage FraudFinding a Loan in Today's MarketHome Inspection 101Loan Tips for First Time BuyersAssistance Programs for First Time BuyersThe event is FREE to the publicOpen Saturday 10:00 a.m. to 5:00 p.m.Open Sunday 11:00 a.m. to 4:00 p.m. Los Angeles Convention Center1201 S. F...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Sunset Strip / Hollywood Hills  - Single Family Homes in January 2010:Market Report for January 2010: Average Selling Price: $2,552,000Average List Price: $2,815,000Median Price: $1,565,000 Total Sold in Dollars: $53,595,000Number of Homes Sold:  21Lowest Price Sale: $841,500Highest Price Sale: $19,500,000Average Days on the Market: 136 MLS Information deemed reliable but not guaranteed.
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COMMUNITY ALERT NOTIFICATION LOS ANGELES POLICE DEPARTMENT 405 FWY CLOSURE FULL FREEWAY CLOSURES ON I-405 The following ramp closures are scheduled for Friday, January 29: All lanes of the northbound San Diego Freeway • 7 p.m. to 8 a.m., northbound I-405 Montana Avenue off-ramp; • 7 p.m. to 7 a.m., northbound I-405 Sunset Boulevard off-ramp; • 8 p.m. to 9 a.m., northbound I-405 Sunset Boulevard on-ramp. • 8 p.m. to 8 a.m., northbound I-405 eastbound Wilshire Boulevard off-ramp; • 9 p.m. to 11 a.m., northbound I-405 westbound Wilshire Boulevard off-ramp; • 10 p.m. to 9 a.m., northbound I-405 Olympic Boulevard on-ramp; • 8 p.m. to noon, northbound I-405 Santa Monica Boulevard on-ramp. WEST LOS ANGELES - (I-405) will be closed on Saturday, January 30 and then again nightly from Tuesday, F...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
If you ask any real estate agent, they will tell you that you literally learn something new from every escrow that you close. In this case, I have learned about an amazing little pocket of properties just south of Wilshire and just east of Fairfax. I had driven through the area many times and thought it to be quite nice, but had never thoroughly explored it. When my client had given me his list of must haves for his next home:  bright, airy, safe/pleasant neighborhood, AFFORDABLE, well laid out, and walkable, we found a town house that met all of his criteria right off the bat. What I love about this pocket of 8thStreet is that it feels completely residential with beautiful tree lined streets dotted with lovely Spanish style homes, town houses, and condominiums.  What takes it over the ...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Below are Single Family open houses for selected areas of Los Angeles for Sunday, February 7th. N-New  R-Review  C-Cancelled P-Price Reduction    Lunch     Refreshments TC-Tennis Court PL-Pool FP-Fireplace VU-View GH-Guest House MDS-Maid's Quarters  
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By Elena Lobito, Realtor
(RODEO REALTY)
  I have been in the same short sale transaction for the last 7 months.  My wonderful clients have been  most patient and understanding but now are reaching the end of the proverbial rope!    About a week ago my client sent me the 13 Stages of a Short Sale and asked me what stage of the short sale transaction did I think we have reached.  I was surprised that such a list existed but then learned from my client that she loves to read blogs and that is how she found this time-line for BofA Short Sales.... thought I'd share it here.  It might make good material for a stand up Realtor comic. Posted by a blogger who goes by "Long Sale" - here's the "unedited" list and why it's taking 7 months of waiting for an approval from the bank..... 1. Stage 1 – offer given on the property which the sel...
Comments 8
By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
I will be holding the first open house at 3465 Tilden Avenue in Palms this Sunday, February 7th.  Come rain, shine or Super Bowl.Hope to see you there. Jane Peters | BRC Realty Group | 310-473-6919 3465 Tilden Ave., Los Angeles, CA Move right in to this 2 bed 2 bath Palms home, or add your personal touch. 2BR/2BA Single Family House offered at $619,000 Year Built 1941 Sq Footage 1,111 Bedrooms 2 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 5,777 sqft HOA/Maint $0 per month DESCRIPTION Original owner. Traditional 2 bed, 2 bath home with many original details. New carpet over hardwood floors. Copper plumbing, upgraded electrical. Lovely, large, private back yard, with fruit trees and built-in barbecue. A gardener's delight. Two car garage with laundry facilities. The...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
       Here we are less then 48 hours from the Super Bowl,  what will you be doing? As an East Coast Transplant  from Boston to Los Angeles, I remember we had a Super Bowl Party the first year we moved out and said we will make this a Tradition. We had a nice turn out of Angelinos, who were polite and came and watched "the game".  Most of them were not familiar with who was either playing or cared who would win. So with that we did not bring out the "squares" well known in Boston by young and old. Professional or Amateur Betters. (Just a side note the following year we had an Oscar Party with Ballots)  Well as I was reminiscing about the big Super Bowl Parties of yester years, I went on the internet to see what people are placing bets on in the Super Bowl? Was I surprised? There were tw...
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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 Market Report for January 2010. I was so happy that at  the end of 2009 I was so busy I hardly had time for the holidays. Knowing that the new year no one know how it turns out, I was pleasantly suprized how busy and quickly January went by. So with that short explanation. I just want to give all my readers the January Statistics. I will not compare it to the previous year, since it is a new year let us use this as the base. As of January 31st 2010  there were    263 Active Condominium Listings in Century City,CA.                                                      27 Condominiums sellers were accepting Back Up Offers until the buyers remove all their contingencies.                                                     37 Condominiums were Pending, waiting fo...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Stewart Penn | Penn Properties | 310.844.6515 Beverly Glen, Los Angeles, CA Wonderfully Spacious Front-Facing Condo on Beverly Glen. 2BR/2+1BA Condo offered at $700,000 Year Built 1974 Sq Footage 2,050 Bedrooms 2 Bathrooms 2 full, 1 partial Floors 1 Parking 2 Car garage Lot Size Unspecified HOA/Maint $500 per month DESCRIPTION Immaculate and extra-spacious 2-Bed 2.5-Bath front-facing condo in sought after building on Beverly Glen Blvd. Beautifully remodeled eat-in kitchen, two living areas, built-in bar and bonus workroom. Washer/Dryer inside unit. Building has meeting room, pool, spa and sauna. see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - Walk-in closet - Tile floor - Living room - Bonus/Rec room - Dining room - Breakfast nook - Dishwasher -...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
What was the Real Record High Sale Price for Los Angeles in 2009? The Associated Press reported today that "Sales of million-dollar homes in California fell 24  percent in 2009, the fourth straight annual decline and the lowest total in seven years." The article stated that the most expensive California home sold last year was a 23,000 sq ft mansion in the Bel Air area of Los Angeles. (This was actually a spec project.) I double checked the records and found this to be incorrect ..... The most expensive home sold was in fact a 27,000 sq ft mansion on Beverly Park Circle in Beverly Hills, 90210. The 10-Bed 14-Bath property sold for $31.5 Million, well below the original List Price of $45 Million. To keep these "Record Prices" in perspective, I double checked to see what the Highest Sales...
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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 January 2010. It is a New Year, so I will not look back how we did to the previous months. Hard to believe, how quickly the month of January went by. I was so busy, had two 9 day Escrows to keep together amongst two others, hence the month went by much faster for me. Now, let us look at the Results. I am not sure if it is my imagination, the inventory is almost non existant. There are only 23 Active Listings as of January 31,2010. There are 9 properties which are accepting back-up offers since the buyers have not removed their contingencies. There are 18 Pending waiting to get funds and close. There were 3 Condominium which closed in the month of January,2010. In case you are wondering the least expensive was $359,969.00 it was a one bed ro...
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Happy Thursday everyone! We're on the downhill for the week and the weekend is within reach! Well, it is for all of you 9-5ers :) Here is today's Thursday Throwdown...   Westside Weather   Santa Monica, CA 59°F Current: Partly CloudyWind: E at 6 mphHumidity: 64% Thu62° | 50° Fri62° | 50° Sat60° | 47° Sun62° | 45° Beverly Hills, CA 58°F Current: Partly CloudyWind: E at 7 mphHumidity: 66% Thu64° | 49° Fri62° | 49° Sat60° | 45° Sun63° | 43° Pacific Palisades, CA 59°F Current: Partly CloudyWind: E at 6 mphHumidity: 64% Thu62° | 50° Fri62° | 50° Sat60° | 47° Sun62° | 45° Malibu, CA 55°F Current: Mostly CloudyWind: S at 8 mphHumidity: 89% Thu63° | 45° Fri62° | 46° Sat61° | 42° Sun63° | 39° Brentwood, CA 57°F Current: Partly CloudyWind: E at 7 mphHumidity: 69% Thu63° | 48° Fri61° | 48° Sat60° ...
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By Lupe Soto - North Hollywood Casas en Venta
(Lupe Soto Agente de Casas Burbank CA)
Casas en Venta en Burbank, North Hollywood, Glendale, Sylmar y todas las areas del Valle de San Fernando, Palmdale, Lancaster con Lupe Soto, Realtor en Espanol , Short Sale Realtor o Agente de Venta Corta en el Condado de Los Angeles, CA El exito que tengo como Realtor en Espanol en Los Angeles Caifornia & Consultora de Prestamos Hipotecarios FHA, conventional a primeros compradores o inversionistas de bienes y raices en espanol, national or internacional, me permite ofrecerle el mejor servicio de representacion en la compra  y guiarlo en todo el proceso de compra y el tramite de su prestamo aun asi que usted tenga su banco de preferencia, una segunda opinion es importante ya que los gastos de papeleo varian de banco a banco.  Lupe le ofrecere una opcion con calculos de pagos por escrit...
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By Danny Batsalkin, Los Angeles Real Estate | 310.432.5706
(Keller Williams Realty - Beverly Hills)
OK, there were actually a lot of them.  But here's one ... Proposed change to mortgage interest deduction President Obama yesterday presented his proposed budget plan for fiscal year 2011. Included in the proposed plan is a provision to reduce the mortgage interest deduction for those earning more than $250,000. At this time, however, it does not appear that the change to mortgage interest deduction is included in any proposed legislation. C.A.R. and NAR are strongly opposed to this provision, and C.A.R.’s leadership is meeting with Congressional representatives next week to urge lawmakers to oppose it as well. Reprinted from the C.A.R. Newsline -- Danny
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
I've always admired billionaire Sir Richard Branson. He created The Virgin Group which includes over 200 branded companies worldwide and employs approximately 50,000 people in 29 countries.  We've all heard of Virgin Atlantic and Virgin America (in my opinion, two of the very best airlines currently operating) and more recently we've heard about Virgin Galactic. But this week I read about the Necker Nymph, the newest entry to Virgin Limited Edition - Branson's collection of exclusive retreats  The Necker Nymph is a three-person aero submarine which has been likened to an underwater aircraft. "Unlike Conventional subs which use ballast to sink in the water, the Necker Nymph uses downward "lift" on the wings to fly down to depth." This unique "aqua-craft" is available when chartering Bran...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
7 NEW TAX LAWS YOU SHOULD KNOW Tax breaks were created, or in some cases expanded, for autos and home purchases, as well as for certain residential improvements. Uncle Sam now pays more of some educational costs. Some workers get bigger tax benefits to offset their commute to work. Folks who no longer have jobs at least get some tax relief. Even how you pay your IRS bill could turn into a deduction. Here's a look at some popular tax laws that could come in handy as you work on your 2009 tax return. 1. More homebuyer credits In February 2009, the popular first-time homebuyer credit became a true credit, meaning that it can directly reduce dollar-for-dollar any tax you owe. Even better, the amount of the credit was increased; it's now up to 10 percent of the cost of the house up to a max...
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