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Los Angeles, CA Real Estate News

By Scott Rosenberg
(RH Equities)
The Opportunity There presently exists a landmark opportunity to invest in distressed real estate in the Los Angeles, California area. The current economic downturn and the affects of the the sub-prime lending trend have created an enormous surplus of LA foreclosures, both in residential and commercial properties. Currently, there have been over 90,000 home foreclosures in Los Angeles county. In addition, a total of 135,000 default notices were sent out in the first three months of the year in the state of California, a jump of 80% from the previous quarter, a direct indicator that we are about to experience an even larger availability of distressed Another key indicator of the tremendous opportunity at hand is in the median home price trends for Southern California. The median home pri...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
The other day I was at the Airport that is LAX in Los Angeles, waiting for one of my clients flying in to buy property in Malibu. The plane was late and I saw this Magazine called LAX. Interestingly there was an article about Gladstone's of Malibu. They opened a Restaurant in LAX.  My first reaction,  WOW what a great idea, after all, most people have to be early at the Airport for Security Reasons and they have all this time to wait around. Second, most people are at best apprehensive what if any food there will be on their flight, hence they rather pick and choose what they might eat before they get on their flight. What is better then a local flavor in the airport.  Having fresh-fish, food made from scratch, not prepared food warmed up, how about that. Shrimp cocktail or Salmon Blue ...
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By Michelle Minch, Home Staging Los Angeles and Orange County, CA
(Moving Mountains Design Home Staging, Pasadena, CA)
On May 1, Relocation.com posted a list of The Best Real Estate Blogs in Los Angeles. This is part of an ongoing series of The Best Real Estate Blogs in (pick a city) across the country. Here's an excerpt: For people who are moving, these blogs are a great way to learn about neighborhoods, learn about real estate in those neighborhoods, and maybe even find a real estate agent who knows their assessments from their elbow (and is a likeable person, to boot). I'm familiar with several of these blogs, and intimately familiar with two. I write home staging posts for both Irina Netchaev on www.PasadenaViews.com and for Laurie Manny on LongBeachRealEstateHome.com. Both Laurie and Irina have afforded me a wonderful opportunity to reach a wider audience by inviting me to write guest posts about h...
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h1 class="adr">3030 Buckingham Road Los Angeles, CA 90016 Price: $289,00 This is a possible listing for the neighborhood stabilization program. More listings at http://neighborhoodstabilizationprogramlistings.wordpress.com/ reo*bank owned*foreclosure!! back on market, sold for over $300k, great potential. buyers lose is your gain. nice spanish style 4bd/1.5ba home on quiet street. this home features a nice kitchen with tiled counters, oak cabinets, tiled floors and a breakfast nook. the living rm has a fireplace and bay window. the large eating area overlooks the front porch. all the bedrooms are good sized and the yard has room for a pool! priced to sell fast! please see private remarks.isting Brought to you by Rick Hartzler Coldwell Banker Encino MLS #08-326233 Sales Price 289,000 818...
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3500 Somerset Dr Los Angeles CA 90016 Price: $269,00 This is a possible listing for the neighborhood stabilization program. More listings at http://neighborhoodstabilizationprogramlistings.wordpress.com/ ***SOLD FOR $615,000.00 IN 2007! BANK & OWN this deal! 3 BED / 2 BA HOME WITH 2 CAR DETACHED GARAGE! Great starter home for first time home buyers. With beautiful hardwood flooring in the living room, large size window, open and spacious floorplan. Kitchen has bright white ceramic countertops with lots of storage spaces. Home has generous size lot (5,040 sq.ft.) HURRY or MISS this great DEAL! Listing Brought to you by Marie Chung REO Modern Realty Corp MLS #P684739 Sales Price 269,000 Contact Jose Nino (562)544-4762 Approved Participant Lender to get Pre Approved Juan M Cepeda First Sec...
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3022 Chesapeake Ave Los Angeles CA 90016 Price: $269,900 This is a possible listing for the neighborhood stabilization program. More listings at http://neighborhoodstabilizationprogramlistings.wordpress.com/ Perfect starter home!! newer windows and charming 2 bedroom 1 bath spanish gem with generous sized lot. parking in driveway up to 3 cars. updated hardwood and laminate flooring throughout. nice size enclosed backyard pet and children friendly. property located near rancho cienega sports center park and high school. bonus unfinished master bath. needs some work in the kitchen. (tax roll shows 2 bed/2 ba but subject has 2 bed / 1 ba. buyer to verify all!!) hurry!!! come and see this great deal!!! Listing Brought to you by Marie Chung REO Modern Realty Corp MLS #P668760 Sales Price 269...
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Today and Tomorrow I will be with my Brethren and Sisteretheren(not sure if there is such a thing, but you get the idea..) It is always like being back home, the jokes, the laughs, the hugs(not so many I guess).  But there is one thing that is really different from Full Time Real Estate Service... - I know each and every person I will see today and tomorrow would give their life for another without thought. Maybe that is why I chose that profession so long ago...  Sacrifice - It will be funzies as usual.  I will be teaching the tactical and firearms portion of the LAPD Motorcycle School with some really talented EOD/TCS Motor Instructors. Have a great Day Active Rain Friends.
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On Tuesday, Federal Reserve Chairman Ben Bernanke said the economy appeared to be stabilizing, but warned that a real recovery is still months away."We continue to expect economic activity to bottom out, then to turn up later this year," Bernanke told the congressional Joint Economic Committee, according to a prepared statement.Bernanke cited improved sales of existing homes as evidence that things are improving. He said sales have been "fairly stable" since late last year, in part because moderating prices have made homes more affordable.Credit markets have stabilized in recent weeks allowing more homeowners to refinance their mortgage and stay in their home. This is a postive sign for future stabilization in the housing market. If you or anyone you know needs assistance with buying a...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
 Playa Vista,CA Market Report for April 2009  Here we are April has come and gone. Let's look at the statistics. I have a little gait in my step, since this is the third area which I have been monitoring very closely and I have good news to report.  Since January every month I had good news to share with you. These are not imaginary numbers to  believe, rather they are actual hard numbers taken form the Multiple Listing Service for the month of April.  There are 58 Active listings in the MLS as of May 1st, 2009 compared to last month it is virtually identical. There were 60 active listings in March.  Currently, there are 7 Escrows that are accepting back up offers vs. 5 last month.  These are small increases, nevertheless reassuring. There are 8 properties that are pending also a small ...
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By Michelle Minch, Home Staging Los Angeles and Orange County, CA
(Moving Mountains Design Home Staging, Pasadena, CA)
A couple of weeks ago, I was called to a house in Altadena, CA for a home staging consultation. We were hired to stage the home, but it wasn't your typical Los Angeles home staging...Staging Intervention (or Stagervention as my friend Laurie March likes to call it) was more like it. My assistants, Melissa and Michelle, worked on the house with me over the course of two weeks (including painting and repairs). Besides the paint crew, the carpenter and electrician, there were also 2 movers from the moving company (to move excess items into storage) and 2 furniture movers from Brook Furniture Rental. We transformed the whole house, but there is one room in which we did perform miracles. Here is a set of before and after photos of the daughter's bedroom: Before (this was after we tidied up a...
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The City of Los Angeles Housing Department (LAHD) has started to offer a purchase assistance financing to eligible low- and moderate- income homebuyers seeking to purchase a foreclosed home in a NSP Priority Area in the City of Los Angeles. The first step should be a buyer to get pre-qualified by a Participating Lender (In case you didn't know I am one of those Participating Lender) Visit my website The city will not allow reservations from non participating lenders. Then hire a Real Estate Agent to help you search for eligible properties. Then just read below for the rest. How do you qualify for the NSP? 1. The property must be foreclosed 2. Property must be vacant at time of listing 3. The property can be any type of permanent residential dwelling unit, such as detached single family...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
  Hancock Park (east of Highland Ave) features stately homes, duplexes, and condos. This is a great option for the rich kid who works at Paramount Studios or in the center of Hollywood. Larchmont Village, at the heart of Hancock Park, offers wonderful cafes, salons, and shopping. Back in the days of early Los Angeles society (if there ever really was such a thing), Hancock Park was the place of the rich and famous. Many of the homes in this area have a very traditional, East coast flair to them set back on enormous lots. Even if Hancock Park isn' t the place for you, I definitely recommend driving through on a Sunday afternoon. Condos start in the mid $500,000 range while a home in Hancock Park proper will start you at about $1,500,000 for one of the more modest homes. The adjacent area...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
Yesterday I was on a mission to find a well priced house that is move in ready for under $875,000. Let me tell you, it was slim pickings out there. Without exaggeration, it seemed like every house I stopped by looked like an old lady had died in it and literally smelled just as appealing. My friend was joking with me, asking if "they could at least light a candle" in some of these places to get rid of the smell of moth balls and Metamucil. In any event, the search came up empty. Although today's Hot Prop is out of the price range of the buyer I was on the hunt for, it may be a house that one of my rich kids might be interested in. There are three things that make this house a stand out: the curb appeal, the well kept interior, and huge backyard/guest house. The main house has 2 bedrooms...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
When I created the Rich Kids Real Estate Group, the one main thing I wanted to differentiate between myself and other agents is that I truly put my client's best interests first. Obviously I don't deserve any special accolades for doing my job the way it is supposed to be done.  I will never tell you to buy or sell unless I truly believe it is the right thing to do. With that said, the time to buy is now! I am definitely seeing increased activity at open houses, on properties receiving multiple offers, and interest rates being just about as low as they are going to get. There has been a steady progression within the stock market and consumer confidence is slowly building. If we are not yet at the bottom, it is only a very short matter of time before we are. There have been many forecast...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
When I mention Carthay to my friends, their first response is, "Where?". Carthay is a beautiful neighborhood consisting of architecturally historic duplexes and homes, just outside of Beverly Hills between La Cienega and Fairfax lying south of Olympic but north of Pico. Through the "Mills Act", owners who own homes within Cathay's HPOZ (Historical Preservation Zone) district enjoy extensive tax benefitsby adhering to the neighborhoods strict architectural guidelines. I moved to this neighborhood back in January and have been loving ever since! It's somewhat unassuming which makes prices affordable, but it is literally in the center of everything! Featured Property (not a RK Hot Prop in my book, but a nice example of a typical Carthay home): 1219 South Point View Street, Los Angeles, CA ...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
This was my favorite house that I saw yesterday on my Sunday open house tour! It's located in the neighborhood I was describing in my last post (off CH, between Wilshire and 3rd) and it's just head to toe amazing! Typically I don't love when there is a new, 2 story, larger home on a street with more classic (and modest) one story homes. This Hot Prop blended into the neighborhood beautifully and is quite understated for how grand it is inside! 6376 Lindenhurst Ave, Los Angeles, CA 90048 - 4br/4.5 bath, Roughly 3592 sq ft - $2,690,000 THIS SPANISH REVIVAL MASTERPIECE DESIGNED BY HARRISON DESIGN ASSOCIATES IS JUST STEPS FROM BEVERLY HILLS. THE BRAND NEW HOME HAS BEEN BUILT TO THE HIGHEST STANDARDS WITH HI-END FINISHES & MANY GREEN ELEMENTS. THE GREAT ROOM OVERLOOKS THE REAR LOGGIA, GRASSY...
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By Annie Pinsker-Brown, Stage to Sell, Los Angeles Home Stager
(Stage to Sell - LA Home Staging)
  I recently wrote a blog entitled "Squatters Increasingly Calling Foreclosures Home" about advocacy groups that are actively helping homeless people around the country move into foreclosed properties that are empty and all but abandoned by the banks that own them. This was a very controversial topic, and many of my readers had strong opinions on one side or another of the issue. There is concensus, however, in the feeling that the banks are not doing enough to secure their REO properties. Well now there is a solution, at least for those in the Los Angeles area. This week I was at the weekly team meeting at the Keller Williams office in Marina del Rey pitching a free Home Staging for Success course I'm going to be giving there next week. One of the agents, Reggie Potts, came up to talk ...
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By Fred Glick, We fixed real estate
(arrivva, inc.)
Great news! I am happy to report that we are now able to do loans with the new and updated Fannie Mae mortgage limits! Those of you in the LA and Orange counties along with the Bay Area, you can now get the higher loan amounts for fixed and ARMs! For some ridiculous reason people on Philadelphia that can afford the higher amounts, you can only go to $420,000. Just plain dumb!
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
The Southern California Homebuyer's Fair is sponsored by the Los Angeles Times and the CALIFORNIA ASSOCIATION OF REALTORS®. LOCATION: The Los Angeles Convention Center in downtown Los Angeles; 1201 S. Figueroa St., Los Angeles, CA 90015. DATE & TIME:Saturday, April 18, 2009, 10 a.m.-5 p.m.Sunday, April 19, 2009, 11 a.m.-4 p.m. ADMISSION: Free to the public. www.WestsideHomeFinder.com For more information contact: Dom Naidoo & Josh Barré Real Estate ConsultantsOffice: (310)459-8191 info@wsprops.comwww.westsidehomefinder.com Copyright © 2009 Dom Naidoo & Josh Barré . All rights reserved.
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THIS COMING WEEKEND (April 18-19), THE CA ASSOC. OF REALTORS and THE LA TIMES are SPONSORING THE ANNUAL "HOMEBUYERS FAIR" at the LA CONVENTION CENTER. www.homebuyersfair.com ADMISSION IS FREE TO THE PUBLIC. On Saturday, I WILL BE GIVING A SEMINAR ENTITLED "Understanding the Home Inspection Process" which will detail why a buyer needs a home inspection; what it should entail; how to select an inspector; special issues with foreclosed homes, etc.    11 a.m. - 11:45 a.m., Saturday, Room 309 I HOPE TO SEE YOU THERE! John A. LaRocca President - LaRocca Inspection Associates, Inc. www.LaRoccaInspect.com
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