Marina del Rey, CA Real Estate News

By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
Dec 13   Marina del Rey Holiday Boat Parade Marina del Rey Boat Parade Saturday, December 13th Festively decorated boats illuminate the main channel in one of the Marina's most visually exciting events.  The Saturday evening parade will run between 6 and 8 P.M. Traditional fireworks will be shot off the south jetty of the marina at 5:55 P.M.The theme for this year's boat parade is Santa Claus Is Coming To Town The parade boats will circle the Marina main channel several times.   As in previous years, the parade boats will be judged on Saturday evening. Best viewing: Burton Chace Park & Fisherman's Village Burton Chace Park is where the judges viewing stand is with music being played throughout the length of the parade! Live commentary will be provided by our favorite announcers: Lisa O...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
I hope everyone has enjoyed a wonderful Thanksgivings weekend. Mine was great as well, hence the delay of this important report.  This reporting period covers the Condominiums which sold from October 28th 2008 to November 28th,2008. The Pending (in Escrow) as well as the Back - Up (in Escrow contingencies not removed) to date. Also I have included the Condominiums which are currently active on the Market to date.  Last month we had 18 sold vs. this month we had only 14 sold. Keep in mind traditionally when the holiday season enters, normally there is a drop in the Sales Activity for Real Estate. A large majority of the consumer is focusing on activities other then Real Estate Sales.  The Highest Priced Sale was $1,450,000.00 the least expensive sale was $351,000.00.  There are 15 Pendin...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Without sounding repetitious another 30 days flew by. This reporting period includes one of the worst weeks on record for The Stock Market,( an 18% drop for the week of October 13,2008) Continued fears and anxiety about the credit freeze had a devastating effect for Lenders. Money became scarce.  So let us look at the facts. My last report was September 29, 2008. Let me summarize what has occurred since then.  There are currently on the market, for sale 199 Condominiums.  As of today, there are 26 Condominiums that are pending. That is a drop of 10 since last month. Numbers like this, with the financial turmoil that is quite good in my perception.  September- October (30 day period) there were 18 Condominiums that SOLD. Interestingly that is one more then during the previous thirty day ...
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By Brandi Cushing
(Keller Williams)
I brought a client to see The Lofts on Beach yesterday.  They are truly stunning, especially for those of us that love living in an open, airy and decidedly white space.  It does not surprise me that in only a few months they are down to their last 3 lofts.  Two are penthouses at just over 1,800 and almost 2,000 square feet.  Prices are $970,000 and $1,080,000.  The third is a 2nd floor unit, 1,690 square feet and priced at $799,000. My favorite of the three is PH 303, located on the north side of the building.  It has dark wood floors, a spectacular white kitchen with movable island, high ceilings and an open patio with fireplace that stretches the length of the unit....plenty of space to grow your organic veggies! Call Brandi at 310-383-3314 to set up an appointment to view these last...
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By Thuy Le
(Sotheby's International Realty)
The Marina Del Rey area of Los Angeles ranks among the most amazing places to live in the world.  Ideally situated on the California coastline The Marina is considered a true Los Angeles gem with its collection of places to eat, outdoorsy things to do, and a lifestyle that is uncommonly relaxed.  The Marina boasts excellent air quality, ideal weather year round, sand and sea at your feet, biking along the ocean, concerts in the park, and offers central access to the  rest of the Westside and the Southbay. Marina Del Rey is one of the largest man-made small craft harbors in the nation. The Marina accommodates more than 5,300 vessels, and offers comprehensive public and private boating facilities and services.  Bordered by Venice, Santa Monica, and Playa del Rey, the choices of beaches, ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
As I was researching my last post and looking at land size vs. living square feet in the Marina Del Rey Peninsula and the Silver Strand it occurred to me.  Just as I was interested to see, what the Market Snapshot was for Single Family Residences the community would be equally interested to see, what the numbers are in this turbulent real estate market?  Presently there are twenty three Single Family Residences on the Market for Sale.  Two homes are in Escrow and ten sold year to date.  The least expensive home on the Market is listed for $1,950,000.00 and the most expensive is listed for $5,999,000.00. From the homes, that sold year to date, the least expensive home sold for $1,412,500.00. Interestingly enough it sold for $14,000.00 above the asking price. Obviously it was in a bidding...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
I do not want to sound radical or revolutionairy, we need to look at the recently passed Building Restriction Laws. There has been a lot discussion about ‘Mansionization Curbing in Los Angeles', prior to the Market turning. Subsequently there were legislation that passed and were signed into Law. I am a firm believer we need to revisit or modify some of these regulations. Please do not misunderstand my point I am trying to make. I have watched numerous oversized boxes, which contractors called houses on small lots, sprouted up everywhere, from Beverly Hills to Beverlywood. I am not in favor of building oversized boxes.  I am all for having tastefully designed homes on any size lots. My concern is, that with the downturn of the Real Estate Market we have lost another buying segment from ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
  It is hard to believe another 30 days flew by. Many events occurred and the Media has been relentless in reporting how bad the Financial Markets are and continues reporting about the Real Estate Market being slow at best.  So let us look at the facts. My last report was August 29, 2008 let me summarize what has occurred.    June-July (30 day period) there were 16 Condominiums that SOLD   July- August (30 day period) there were 19 Condominiums that SOLD   August - September (30 day period) there were 17 Condominiums that SOLD   As of today there are 36 Condominium that are Pending. Interestingly last month there were the same amounts of Condominiums pending. Due to the financial turmoil it appears that the days of 30 day Escrow period is of the past. Now it takes about 45 days to 60 da...
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By The Willingham Team ~ MDR Condos
(MDR Condos - Marina del Rey)
Please visit my new website for real estate information on the Marina del Rey condo, townhomes, and the new lofts district.  I'm constantly updating so check back frequently.  If there is a particular complex of interest you want more information on, please let me know and I will get you the answers!! Have a great weekend!! Kirstin
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
  One of the benefits of this Global Economy is the ability to purchase and own Real Estate Globally. The current Real Estate situation in Southern California makes it particularly interesting for International Investors to purchase Real Estate here. The strong Euro and weak Dollar makes an investment in Southern California very appealing proposition to European investors.   I have just referred a for sale property in Germany to a German Realtor (Deutscher Immobilienmakler).  The Seller lives and lived in Southern California for  the past 16 years and had the place rented to an elderly woman, who is moving into a Retirement home. The difficulties of finding an agent who was Customer friendly, trustworthy and local was not easy. From this experience I got the idea for this post.   If it ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
For someone who has moved around the world between Europe and within the continental US more then twenty times, I can safely say I am an expert at Relocating. My last move was a short distance from Century City, (Los Angeles) CA to Marina Del Rey, CA. Nevertheless I swore I will only move one possibly twice more in my life. Needless to say I understand what it means to make drastic changes, to leave your family and friends and neighbors are sometimes emotionally painful. Then with that comes the anxiety to pack, what to get rid of and what to keep. (I am a pack-rat so I know the anxiety).  Keep in mind the better organized, the better you plan ahead, the easier the Relocation will be. Also plan on things going wrong and the more you anticipate what could go wrong the more you plan for t...
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By The Willingham Team ~ MDR Condos
(MDR Condos - Marina del Rey)
Last year more than 60,000 volunteers worked together to collect more than 900,000 pounds of trash and recyclables from our beaches, lakes, and waterways. California Coastal Cleanup Day has been hailed by the Guinness Book of World Records as "the largest garbage collection" (1993). Since the program started in 1985, over 800,000 Californians have removed more than 12 million pounds of debris from our state's shorelines and coast. You will be provided with all the bags and gloves you need. bring some friends and make a game of it.   Team up and see how much you can pick up in 30 min and then try to beat that record over and over again.   Be part of the solution to marine pollution! 2008 Coordinators for Los Angeles County To participate, contact one of the coordinators listed below, use...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
As I sit infront of my computer screen I am reflecting on seven years ago the tragedy we faced in this country that changed everything. Here we are on the  night of 9/11 and I was wondering what if something happened here in the Marina. Where would a new person that just moved here go, if they had an emergency, a medical crisis. I am one who last wants to see a Hospital or a Doctor, but there are many people that relocate, come to visit would like to know, especially if there is an emergency.  So as I did my research I discovered we have: Marina Del Rey Hospital(formerly Centinela Feeeman Regional Medical Center, Marina Campus). Also known as Daniel Feeman Marina Hopital It is a 144-bed accredited hospital that offers basic medical and surgical services and has a 24/7 emergency care to ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
This small Coastal Community of Marina Del Rey, CA has a lot to offer, not only superb restaurants, hotels, grocery stores as well as Bookstores & Libraries.There is Barnes & Noble Bookseller on 13400 Maxella, Marina del Rey, CA 310.306.3213. It is a three-story bookstore with over 150,000 books. Fantastic selections for whatever you are looking for, you will find it here.We are so used to seeing  Large Bookstore chains,  it is refreshing to see an Independent bookstore as well. Technically it is not in Marina Del Rey,CA( it is 500 yards from the border in Venice, CA )right on the Boardwalk is Small World Books at 1407 Ocean Front Walk, Venice CA  90291  (tel) 310.399.2360This bookstore has a nice selection of signed first editions books. As well a wide selection poetry and magazines ar...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
I have been meaning to  to write about the Grocery Stores in Marina Del Rey, CA. I had to stop first and write about the demographics and population before. It is hard to believe that in this coastal community of Marina del Rey,( 8,000+ in Marina Proper or 18,000+ in 90292 zip code) there are so many Grocery Stores.First I must let you know I love to cook, therefore I am passionate about having good and fresh produce. I am a firm believer the meal you prepare is only as good as the ingredients. The better the ingredience the better the meal.So let me begin: Gelson's is located at  13455 Maxella Ave,Marina Del Rey,CA 90292 Tel.310.306.2952 They have a fantastic cheese selection, their fruits and vegetables  seem hand picked. Their prepared food is fresh.The store is spotless. The servers...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
What prompted me to give  our readers more information about the Marina was the fact that I wrote about restaurants and was about the write about the Grocerie Stores. I am sure the readers were wondering how large is the Marina population? What are the Geographic Boundaries. Why are there so many great Restaurants and why so many Grocerie Stores.So here you have it. The coastal community of Marina del Rey, CA is locted in the center of Los Angeles' Westside between Venice Beach and Playa del Rey. Marina del Rey is about 800+ acres, of which half is under water. After researching it I discovered that it was man made in the late 1950's. The general borders include the area west of Lincoln Boulevard, east of Via Dolce, north of Ballona Creek and south of Washington Boulevard and the Pacifi...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
If you are new to the Marina or are considering relocating. Remember it is mostly about the good life, healty food and sunshine.The beach has it's own culture, relaxed dress code, it is not the  Century City or Downtown business suits crowd that you see.( more then likely they moved here to relax after a hectic workday and you never know by their clothing)Here is another good reason. The Mercedes' Cuban Grill. It is located at 14 Washington Blvd, Marina Del Rey CA 90292 Phone 310.577-0035.The Menu consist of great seafood, meats and vegetarian options. If you sit outside at the open patio, you can watch the colorful beach traffic moving back and forth (since you are only 500ft from the Beach) If you sit inside,  then there is a pleasant experience and you truly begin to focus on the foo...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Media ( I include Newspapers, Television as well as the Internet), has been bombarding every one with how bad the Real Estate market is. I have been telling everyone who was willing to listen , the situation is not as bad as the media presents. I have also emphasized that Real Estate is not regional or national, rather it is Local. Consequently people have asked me to back up my statement.With that said I went into the Multiple Listing Service's Data base(MLS-CLAW). I took a snapshot of June 28,2008 to July 28,2008 and then from July 28, 2008 to August 28, 2008.So lets look at the numbers for Marina Del Rey :June-July (30 Day period) there were 16 Condominiums that SOLDJuly-August (30 Day period) there were 19 Condominiums that SOLDAs of today there are 36 Condominium that are Pendi...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
I have frequented Cafe del Rey many times. I enjoy their innovative cuisine. Even though I live in the Marina I continue to admire Cafe del Rey's spectacular marina view as well. It is a great place to go for a romantic cocktail by the fire, or for Sunday brunch as well as any social gathering or simply to have a wonderfull meal wheather that is lunch or dinner. I have conducted business meetings in their coctail lounge. It is truly a dining experience.Zagat(2008)  calls it "Superb" French-California cuisine. Suprises first-time visitors to this Marina del Rey "favoret"...."unsurpassed";"gracious" service tops off what many consider the most "romantic" "gastronomic experience" in the area.Check out their website at http://www.cafedelreymarina.com  take a virtual tour.  Phone:310.823.639...
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By Brandi Cushing
(Keller Williams)
10 condos and penthouse units have just been completed on OceanFront Walk in Marina Del Rey.  OceanFront Walk in Marina Del Rey is a small stretch of beach between Washington Blvd. and the Marina inlet.  Those in the know call this area The Marina Peninsula.  There is so little inventory on the ocean front that this new collection of condos has been anxiously awaited.  The 10 units range from one, two, two plus loft and three bedrooms.  The largest three bedroom unit is just over 2,000 square feet.  Prices range from $1,250,000 to $2,950,000.  Features include amazing ocean views, beachfront balconies, ocean front master bedrooms, loft like penthouse units with soaring ceilings, hardwood floors and designer kitchens and baths. Please call Brandi at 310-383-3314 for more information and ...
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