San Gabriel, CA Real Estate News

By inboundREM Market Updates
(InboundREM)
The San Gabriel Valley is a region with a rich heritage and numerous developments that have been undertaken with the people of Pasadena and their welfare in consideration. The valley has experienced exponential growth in recent years, mainly as a consequence of the rise in demographics. San Gabriel Valley real estate market analysis for 2021 indicates that the real estate industry in the San Gabriel Valley Area is on the increase in the forthcoming years.During the previous 36 months, the residential real estate market in San Gabriel has been in a favorable cycle, and the increasing trend is projected to continue further. Homes are selling at a faster rate than they have in the past, with median prices exceeding $1 million. In the city of San Gabriel, properties are selling after only 3...
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By inboundREM Market Updates
(InboundREM)
Real Estate with Covid-19When COVID-19 started at the beginning of 2020, a lot of things undergo readjustment; and it does not spare the real estate market in San Gabriel, California. Homeowners putting their properties on sale observe proper health protocols to avoid COVID-19 transmissions. The realtors can still present properties to possible buyers and still close the sale through online means. It is unmistakable that people are still shopping for homes regardless of the big blow in the economy. There are still a lot of ideas and tools to boost your sales volume during this crisis if you are resourceful enough to try new things.3D Walk Around Home InspectionTouring the house in person is no longer an ideal first option for buyers canvassing homes in an area. 3D Virtual Home Tours is ...
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By inboundREM Market Updates
(InboundREM)
Real Estate TaxAll communities in the United States have their own respective property taxes. The rules and rates of these taxes vary in every state, county, city, and town. Homeowners are required by law to pay these taxes annually. The total amount you have to pay varies depending on the value of your property as well as other factors depending on your locality. Before purchasing a new home, you'll want to familiarize yourself with the various fees you have to pay the government for your new house. Check out our original blog post at https://cristalcellar.com/. Property Taxes in the San Gabriel ValleyEach city in the San Gabriel Valley vote on specific taxes and laws that can raise or lower property taxes in their area. In general, however, your tax rate is based on the purchase price...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
Open-House Events:                1-4pm on Sat + Sun  Property:                                        800 E. Leslie Dr, San Gabriel, CA 91775Virtual Tour:                             www.800EastLeslie.comOffered At:                                $700,000Call:                                            818-825-6996Property Description:             Elegant Modern 3 Bedroom 1.5 Bathroom Single Story Home with Majestic Views of San Gabriel MountainsOFFER DEADLINE is 5pm on Wednesday 3-11-20. First time on market in 43 years!  Elegant, modern, 3 Bedroom 1.5 Bathroom single-story private gated home with majestic views of San Gabriel Mountains. This clean, contemporary, light-filled 1542sf single family home sits on large 8120sf corner lot in highly coveted San Gabriel neighborhood. Modern a...
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By inboundREM Market Updates
(InboundREM)
Cost of LivingFactors Affecting the Cost of Living1. Real EstateHomes in San Gabriel Valley are the primary factors that make the region a quite expensive city. The median home price in the city is $766,100. There has been an increase of 33.7% over this amount since the past 10 years with an average of 5.2% annually. Check out our original blog post at https://cristalcellar.com/ for more information.2. EconomyThere has been a steady increase in jobs in San Gabriel Valley. There is a predicted increase of 35.7% for the number of jobs in the region. This is higher than the national average of 33.5% over the same period. It is expected that as the number of jobs grows, the demand for real estate also increases, making real property an excellent investment for home buyers looking at the pro...
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By inboundREM Market Updates
(InboundREM)
Closing CostsClosing Costs in San Gabriel Valley, CAClosing costs are the many fees you have to pay when finalizing a real estate transaction. There are many things you have to pay when buying or selling a house, and they can vary depending on your state and city. The average closing cost is between 2% and 5% of the property price. You'll want to discuss these costs with your realtor to make sure there are no surprise bills that will cause issues in the future. Our team can help walk you through the many closing costs that are applied in real estate deals for the city of San Gabriel Valley, CA. Check out our original blog post at https://cristalcellar.com/.Closing Cost BreakdownBuyer's Closing Costs Mortgage Fees Escrow Title Insurance Miscellaneous Fees Home Warranty Property Taxes Fir...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
 Pondering Questioning     Pondering Questioning I pondered. Life is full of questions.   Unanswered.  Still to be answered.  Ahh, the leading question.  Open-ended ones.  Some are rhetorical. Others are repeated.  Multiple times.  And repeated again.  Just because.   Lots of questions.  Too many maybe?  Not enough perhaps.  I believe a lot can be learned when asking the right question.  Careful listening is a part of that learning process.  So much more than seeing a reaction or hearing one.  What has been said.  Or not.   I am not an expert.  Not at all.  I am a student.  In fact, I learn nearly everyday.  But over the years I have asked and answered many and I have learned that there are still many to ask.     And on the topic of questions:  I don't know anything, but I do know that ...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
An Interesting and Clever Closet in San Gabriel CA   I first visited the property I just listed at 9128 Southview Road in San Gabriel about three years ago to discuss recent sales in the neighborhood and the area real estate market.  My client wasn’t quite ready to sell at the time.  In the meantime, I sent periodic real estate updates. Times changed and the home came on the market for sale this past Sunday.    Among the many things, I noticed on that initial visit was the closet in the front bedroom.  Yes, a closet.   You see when the home was originally constructed in 1949, this was the master bedroom for the home.  It was thoughtfully expanded to its current configuration of three bedrooms and two baths in 1988.      Okay now back to the closet...when closed, the closet looks pretty ...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
San Gabriel CA Just SOLD 8862 Emperor Avenue Buyer Represented Sale The buyers knew this was the home from the moment they saw it. The buyers knew there would be multiple offers. A strong mortgage pre-approval letter along with thorough documentation and proof of funds along with a review of approval of all seller disclosures and reports was completed. Eight offers submitted and the buyers win! Victories along the way came via the removal of contingencies:  Physical inspection and investigation successful.Appraisal and full loan approval complete! Friday, September 11, 2015 was closing day for the new homeowners of 8862 Emperor Avenue in San Gabriel CA 91775. This three bedroom home was built in 1965 and features three bedrooms, two baths and approximately 1603 square feet on a lot size...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
San Gabriel CA Buyer-Represented Sale Pending    There were multiple offers submitted and my clients’ offer was chosen. Disclosures and reports have been reviewed and approved. Inspections have been completed. The appraisal came in at the agreed upon purchase price. The loan has been approved. All contingencies have been removed. Shortly, the loan documents will be ready for signature. Located in unincorporated Los Angeles County with a San Gabriel address and desirable Temple City schools, this single level home was built in 1965 and has approximately 1603 square feet of living space with three bedrooms/two baths and is scheduled to close escrow next week.  Do you want to learn how to win in today's still competitive West San Gabriel Valley real estate market? Let's discuss your needs ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
In August of 2014 Trulia.com reported median homes sales prices increased 7.4% in San Gabriel, California between June 2014 to September 2014 to $623,000, from the previous quarter, and jumped 16.7% from the same time in September of  2013.  An average home listing price on San Gabriel, California on Trulia was $841,341 lower 3.6% on September 3, 2014, from previous week, and an average square foot for homes was 8.8% higher to $444 in September of 2014 from September of 2013. For more complete detailed information about market trends at San Gabriel, California in September of 2014, please CLICK HERE
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
San Gabriel CA - Young Dong Tofu House Restaurant     Are you looking for something just a bit different for lunch or dinner?   We have such an interesting mix of cuisines in the San Gabriel Valley -- especially when it comes to those from all over Asia - You may want to try Young Dong Tofu House Restaurant located in a newly renovated strip mall at 927 East Las Tunas Drive just east of San Gabriel Boulevard in the city of San Gabriel.      Tofu, also known as bean curd, is a nutritious soy bean product and the main ingredient in the restaurant’s Tofu Soup which is served with various vegetables and presented in a traditional ceramic(and, yes it’s hot)bowl.  You have your choice of five spice levels for your soup ranging from non-spicy to extra spicy.   For dinner you are first presente...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
San Gabriel CA - La Laguna de San Gabriel at Vincent Lugo Park       A recent article in Westways, the magazine of the Automobile Club of Southern California(AAA) highlighted what they called whimsical parks in our area.   One of the featured parks was the La Laguna de San Gabriel in the city of San Gabriel which inspired my visit again, this post and these photos.   This sea-themed fantastical park within the Vincent Lugo Park sits in a corner of Vincent Lugo Park at 300 West Wells Street north of Valley Boulevard and east of Del Mar Avenue near the San Gabriel Village neighborhood.     This inspirational space was the created by Benjamin Dominguez in 1965.  Although its known by some as Dinosaur Park, you will find many colorful fantasies of the sea made of concrete.   Look for a sunk...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
There isn't a week that goes by that we don't get a new contractor on an FHA 203k project crying the blues about getting money up front to get a project started. No matte rhow in depth we go before hand so they contractor understands that there is NO up front money on a Full 203k project Then you get the contractor who tells you he has done lots of 203k work and he always gets money up front to start the job. Obviously he has only done Streamlined k projects. Streamlined k loans suggest they provide money up front... BEWARE, all is not what it appears to be with this product. What is more tyical is that the loan closes and six weeks later you get 35-50% of the money to start the project. If this is happening to you then you need to insist the first half is paid from escrow without a wai...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
It depends on who you ask. There seems to be some variance in the answer to this question from various sources. Lets look at the guideline. The HUD guideline for the FHA 203k loan program doesn’t “require” a pest control report however it does “require” a pest control clearance at the end of the project. The bid specifications statement at the end of section  35 and before the contractor signatures confirms and says "A copy of the termite report is attached and made part of this bid request. All section 1 items must be broken out separately as this is a HUD requirement. " Therefore all of the lenders I’m aware of have a “supplemental requirement” calling for a pest or termite report going into the project if it is a “full 203k loan”. What about a Streamlined k? Do we need a pest report?...
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By David Dee, Real Estate - San Gabriel Valley (L.A.) & N. Orang
(RMX REALTY)
Appraisal requiring repairs done in order to close a deal I have not heard of this requirement before but I have a situation on a shortsale where the appraiser required that in order for them to sign off on it, the 2 leaks in the bathroom must be done and that they will have to do an appraisal review in order to close. This is a short sale and the lender typically will do no repairs. The borrower on the other hand cannot get the loan docs unless the repairs are done. Problem is the borrower does not own the property yet so it does not make sense for them to proceed with the repairs. However, the borrower was willing to do the repairs but now the owner will not allow the borrower to send someone over to do the repairs until the property is officially closed. This is a catch 22 type situa...
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By Tom Bashe
(SCA Real Estate - Call Now)
Lloyd Cullen Real Estate is a local San Gabriel Short Sale Realtor. As a San Gabriel Short Sale Company that specializes in short sales, you are assured the highest standard of professionalism and can always count on our San Gabriel Short Sale Realtor to help answer any questions you have in regards to San Gabriel Short Sales. San Gabriel Short Sale Realtor Lloyd Cullen is a local San Gabriel Short Sale Expert with experienced San Gabriel Short Sale Agents here to assist you.   San Gabriel Short Sale Realtor We specialize in Short Sales for San Gabriel and Surrounding Areas If you need San Gabriel short sale agents to help you buy a home, call us first. Our agents have handled many, many San Gabriel real estate short sale transactions. We know that the process can be frustrating and com...
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By David Dee, Real Estate - San Gabriel Valley (L.A.) & N. Orang
(RMX REALTY)
WHEN AGENTS DON'T RESPOND  It can be excruciating frustrating when that happens. Recently, I have a buyer who wanted to purchase a property that they were interested in. I called the agent and left a voicemail to have her called back in order to set up an appointment time to show the property to my client. She never responded. I proceeded to text her. Still no response. I called her office and no one is there to answer the phone and it went to a voicemail. I called her again and still no response. My client and I were getting annoyed at this agent due to her unprofessionalism.The next morning I called her again. She did not pick up the phone. I called back 3 more times and eventually she picked up the phone and answered rather rudely. I asked about her property and the interest my clien...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
Listed and Leased -- 8326 Bevan Street in San Gabriel Picture perfect curb appeal combines with a pleasant tree-lined street near the San Gabriel Country Club in this two bedroom, two bath home on Bevan Street.  The knotty pine den overlooks the rear garden area and could be bedroom three.   Price:  $2100 per month. Michael Jacobs is a Realtor serving the Pasadena/San Gabriel Valley areas as well as the northeast foothill communities within the city of Los Angeles and can be reached at 818.516.4393 cell/text or michaeljacobs@coldwellbanker.com
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
New Lease Listing in North San Gabriel - 8326 Bevan Street     8326 Bevan Street in San Gabriel Home for Lease Located on a nice tree-lined street in a desirable neighborhood adjacent to the San Gabriel Country Club, you will find this single level traditional home for lease.   Available for occupancy in May, this two bedroom, two bath home also features a knotty pine den with beamed ceilings that can easily be utilized as a third bedroom,   Picture perfect curb appeal with mature landscaping greets you as you approach 8326 Bevan Street in San Gabriel.   Step inside and you will see that the abundant windows and spacious rooms enhance the floor plan with approximately 1642 square feet.    There are hardwood floors, crown moldings and central heat/air conditoning.   The price is $2100 pe...
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San Gabriel, CA Real Estate Professionals