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Los Angeles, CA Real Estate News

By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Venice (90291, 90292, 90293, 90294, 90295, 90296), located south of Santa Monica and east of Culver City, was founded in 1905 by tobacco millionaire, Abbot Kinney and so named because of the miles of canals built to drain the area's marshes. Kinney also built a Venetian-style arcaded business street which remains today.Most of the canals were paved over by the City of Los Angeles in 1929 to as it was felt that more streets were needed.Over the years, Venice was sorely neglected and by the 1950s it was known as the slum by the sea. Homes were run-down, rents were low and the area became unsafe. Venice has now gone through gentrification, is one of the more eclectic and lively areas in Southern California., and like Santa Monica, is liberal-leaning.  The Venice Family Clinic is the larges...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
If you love music, and you love Los Angeles, yesterday was a remarkable experience:Gustavo Dudamel's first appearance as the new conductor of the Los Angeles Philharmonic Orchestra, at the Hollywood Bowl. 28 years old and already acclaimed as one of the most exciting conductors of our time, Los Angeles was lucky to get him.  The attendance was 18,000, and in honor of his arrival, absolutely FREE! Celebrity presenters were there, including             Jack Black,                     Andy Garcia,       and John Williams. Dudamel chose Beethoven's 9th, primarily because of its emphasis on universal brotherhood and his aim to join people together.  In his speech at the end of the symphony he talked about being proud of being a South American, but also proud of being an American, and that th...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Brentwood (90049), lies on the east side of Santa Monica at the foot of the the Santa Monica Mountains.  It is one of the most upscale areas of Los Angeles with a mix of high-end mansions to the north and single-family homes, condos and apartment buildings to the south.  As with Santa Monica, the further south you go, the less expensive the housing. The city got its name from Brentwood, Essex in the U.K. and has some English-named streets, like Barrington, Gorham and Bristol.San Vicente Boulevard and Sunset Boulevard are the main thoroughfares through the city, San Vicente being the area's main walk street with high-end boutiques, and restaurants. It is also a popular destination for joggers along the grassy center median planted with coral trees. North of Sunset the area is defined by ...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Yesterday at Woodley Lakes Golf Course, a public course:Rocky, Ricky, and Ralph - very unusual to see these guys out on the golf course.                                                                 
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
I have been supporting the race for Rescues for the past few years. This is a great cause to help the various Local Pet Rescue Organizations. This is a great fundraiser for the Animal Rescue Organizations. Please help. Participate in anyway that you can. This is also a great fun time for young and old. See last year's event's photos  http://activerain.com/blogsview/683286/help-homeless-animals-of-los-angeles-race-for-the-rescuesThis event is FREE to the public unless you want to run in the 5K.Race Registration Open --  7:00 am - 8:30 amDog & Cat Adoption -- 7:00 am - 12:30 pmSILENT AUCTION -- 7:00 am-11:30 amLA Lakers Cheerleaders Appearance -- 8:30 am - 10:00 amSean Kanan & Albert Reed kick off race -- 8:305K Run/Walk -- 8:30 am - 10:00 amDancing With Dogs Demo -- 9:00 am - 9:30 am1Mil...
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By Kevin Bacher
(Prudential Calfornia Realty)
It's October 1, 2009 and we're quickly approaching the end of a challenging year for real estate.  Fortunately, in the Miracle Mile area of Los Angeles, price declines have not been as dramatic as they have been in more economically depressed areas.  Homes in the Miracle Mile Beverly Center Area are still selling with most the action happening in the price point below $1 million.  When listings come on the market at prices that are perceived as good value, it is not uncommon to see multiple offers.  For homes in the higher price point ($1,200,000 and up) we continue to experience a more sluggish market.  I get the sense that Buyers are waiting for further price adjustments before they will step up and wirte offers.  In the past 2 months only 4 homes have closed escrow in this price poin...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
LOS FELIZ (90027) is named after its land grantee, José Vicente Feliz. It is northwest of Silver Lake. Griffith J. Griffith (interesting story), donated a large portion of his land to the city of Los Angeles, Griffith Park becoming one of the largest city-owned parks in the country, the rest of the land being developed into Los Feliz and Silver Lake. Los Feliz is the home of Mickey Mouse Walt Disney having drawn his first image of the character at his uncle's house.  The first  and second Disney Studios were also located in the area. Monogram Studios where the Charlie Chan movies were shot. Many movie stars have called Los Feliz home over the years and it has some well known architecture from the likes of Frank Lloyd Wright - Ennis House and Hollyhock House, and Richard Neutra's Lovell ...
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By Lupe Soto - North Hollywood Casas en Venta
(Lupe Soto Agente de Casas Burbank CA)
Comentarios de Lupe Soto, Realtor en Espanol, Feng Shui Realtor.  Comprar una casa puede ser uno de las transaccioines mas importantes de su vida.  Tambien puede ser una de las transacciones mas frustrante.  Ya que es un evento tan importante es recomendable planearlo en un mes auspicioso o en un dia positivo.  El proposito de usar astrologia selectiva (el uso de dias auspiciosos) es para ayudarle a obtener las meta que se proponga.  Tambien puede usar astrologia para otros eventos en su vida, como planear una entrevista para obtener trabajo, cuando abrir una cuenta de ahorros, cuando reunirse con alguien importante, cuando reunirse con alguien importante en su vida personal o sentimental, etc.  Si desea aprender mas de astrologia, visite www.MagiAstrology.com.  Si usted esta interesado...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
Comments by Lupe Soto, Feng Shui Realtor & Short Sale Specialist:  Buying a house can be one of the most important transactions you can make.  It can also be of the most nerve wracking experiences.  Because it is such a serious event it is ideal to plan these activities using below AUSPICIOUS days of the month to begin your home search journey.  The purpose of using astrology in real estate is to help you plan accordingly to achieve your goals. You can also use astrology for any other important aspects of your life. I personally select one of the below auspicious days to SUBMIT AN OFFER, TO SUBMIT A SHORT SALE PACKAGE FOR APPROVAL, basically I select good days for the activity list below. If you would like to learn more about astrology, please go to www.MagiAstrology.com  If you are int...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
This is is the first part of a 7-part series on great places to live in L.A. starting with Silver Lake/Echo Park. SILVER LAKE, (90039, 90026, and parts of 90029 and 90027) east of the Hollywood Hills, is a mix of socioeconomic groups and diverse cultures. It houses some of the famous mid-century modern achitecture in the country, Richard Neutra having designed many area homes. Silver Lake was originally named "Ivanhoe" after the reservoir in the center, and many of the streets are named for characters in the Walter Scott novel, or carry British names. The upper section of the lake is still named "Ivanhoe" and the lower section "Silver Lake". The area has spectacular views,many trendy restaurants, boutiques and coffee shops and has been the center of the indie and alternative rock scene,...
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By Johnny Burke
(Keller Williams Realty)
WASHINGTON - The Office of the Comptroller of the Currency (OCC) today issued a consumer advisory to help consumers better understand reverse mortgages.  Reverse mortgages generally are available to consumers who are 62 or older, and can be used to supplement retirement income or meet health care or other financial needs. The information developed for consumers discusses basic facts about reverse mortgages, which are complex, home-secured loans.  Under a reverse mortgage, a consumer receives payments from the lender - either over time or all at once - based on the value of the home at the time of the loan.  As the consumer receives payments, and interest and fees accrue, these amounts are added to the loan balance.  The advisory also reviews the costs and benefits of reverse mortgages. ...
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The State Bar of California said Friday it is investigating 16 attorneys, in addition to several whose names have previously been made public, for possible misconduct related to their loan modification services. All but one of the lawyers identified were from Los Angeles and Orange counties. State Bar Court Interim Chief Trial Counsel Russell Weiner said he was waiving investigation confidentiality in favor of public protection. State Bar officials said this is the first time the names of more than a few lawyers being investigated have been made public, and Weiner insisted such a move was necessary to protect consumers. "The number of attorneys using their law licenses to essentially take money from unwary but trusting consumers is astounding," Weiner said. "There are literally thousand...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
(818)968-3718 Lupe Soto, Short Sale Realtor, Short Sale Negotiator, Short Sale Agent is available to represent you when buying Short Sales in all areas of San Fernando Valley, Los Angeles County, please call to request a free consultation (818)968-3718 or email ShortSaleWithLupe@charter.net www.ShortSaleWithLupe.com Short Sale Listings in San Fernando Valley ready to be sold, click here     Buying a short sales means Patience.  the process can take anywhere from 60 to 120 days.  If you are pre-approved for an FHA loan and need help with closing costs. Short Sales may be the answer to your dream of homeownership.  Call Lupe Soto, Short Sale Realtor for a free consultatioin.   Below you will find a list of short sales listings in San Fernando Valley, easy to show, please call or email to ...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
There is a law pending Gov. Schwarzenegger's approval that would allow Buyers of foreclosed properties to choose their own Title and Escrow companies even though a law exists forbidding the directing of this business to specific companies.Banks use the same companies because it makes it easier for them to conduct business with just a few people rather than scattered all over the state. However, this has led to numerous complaints from agents citing that the escrows are far from smooth, and sometimes fall through.It also does not make sense for an escrow company in Los Angeles to handle a transaction in Sonoma.  The rules differ from city to city, let alone county to county. And agents in Northern California can't just walk into the escrow office and talk to the officer face-to-face.  It...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
What happens when the house appraises lower than the accepted Purchase Offer? Courtesy of my broker, here's an idea to add to the contract for those that don't already include it. The California form makes the Loan contingent upon the house appraising and allows they Buyer to cancel. However, there is no provision for the Seller to reduce the price in case the appraisal comes in lower, which is happening a lot. Of course the Buyer can walk, but why not move the deal along rather than cancel it!Putting the following wording into your offer may save the deal: This sale is contingent upon property appraising at equal or greater value. In event property appraises lower than purchase price, the seller agrees to sell and buyer to buy at the lender's appraised value". Should seller cancel purc...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
As we all know there is limited amount of Vacant Land left. Particularly in the Greater Los Angeles area there is less and less of it available. I have been selling these investment lots for over 13+ years it takes a long time to sell, it is not as liquid as Stock, nevertheless I never had anyone loose money on it. Every one has increased their net worth over the years. Including in today's economic times, I found it to be a solid investment.  The value has been solid and not volatile.  Can you build a home on it? It does not pencil out yet, since you have to build a road to the land. If you accumulate enough parcels, where you can build 3-4 homes then you can divide the cost of the road amongst the homes and then it will pencil out.  If you like to buy for long term investments, this i...
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
I found this article from the Los Angeles Times very interesting and wanted to share with you...  WASHINGTON -- New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that the housing market recovery remains tentative.The Commerce Department said Friday sales inched up to a seasonally adjusted annual rate of 429,000 from a downwardly revised 426,000 in July. Economists surveyed by Thomson Reuters had expected a pace of 440,000.While it was the fifth straight increase and the strongest report in 11 months, sales were 4.3 percent lower than the same month last year. Sales have risen 30 percent from the bottom in January, but are off about 70 percent from the peak of four years ago.The report was the second straight ...
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By Paul Argueta
(REOheaven.com)
2302 Addison Way Los Angeles CA 90041 3 beds, 2.0 baths, 1,050 sq ft now sold!!! $400,000!!! http://tinyurl.com/nyw84h
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The new Zagat 2010 guide covering 2,034 Los Angeles and Southern California Restaurants is out.  And yes, food trucks are included. Among the top in this category are: Kogi Korean BBQ Lomo Arigato - Japanese/Peruvian fusion food - sounds interesting. Frysmith - This is really interesting.  Hand cut fries mixed with various ethnic foods. Among those voted "Best Value for Money" this year are Our friend Kogi Korean In-N-Out Burger Tommy's The top new restaurant is The Bazaar by José Andrés -  a mixture of cuisine in the new SLS Hotel   Second is Drago Centro -  Italian cuisine in downtown Los Angeles   Third is Church & State -  French cuisine, also in downtown Los Angeles and I have actually eaten there.   Are you hungry yet?    
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
"Beverly West" - 35 Exclusive new condominium homes in Los Angeles from $1.9 Million to over $10 Million. Situated at 1200 Club View Drive in Westwood (adjacent to Beverly Hills and the Los Angeles Country Club) is the luxurious new 21-story Bevrly West tower. One of LA's newest high-rise buildings comprising offers a choice of 2-4 Bedroom luxury residences. According to the MLS the condos range from about 1800 sq ft to over 8200 sq ft in size and HOA dues are estimated to vary between $3000 - $6000 per month. The development currently appears to be marketed in-house but was previously listed by a prominent Beverly Hills Brokerage, who in 2008 advertised a 4-Bedroom condo on the 20th-floor for $17.5 Million.  The project is being developed by Emaar Properties, the international real es...
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