Los Angeles Real Estate Blog

Looking for a great deal? A bank owned property may not be what you had in mind

Looking for a great deal? A bank owned property may not be what you had in mind

In the current Los Angeles real estate market, buyers are hearing a lot about the great deals to be had with so many properties going into foreclosure.  Don’t get me wrong, there are some very good deals out there, but buyers need to be clear on what truly constitutes a "good deal."  Buyers need to be prepared for the realities of Los Angeles bank owned properties and their general condition.

banked owned foreclosed homeWe’d all like to be able to buy a great house in a great neighborhood at a great price.  The thing is, it can be difficult to have all 3...

CONGRATULATIONS, this is not an acceptance! What?!

CONGRATULATIONS, this is not an acceptance! What?! Some REO agents have really automated their processes. I recently wrote an offer for some clients on a duplex in the hills of Echo Park. It's a great property: updated kitchens, separate parking, separate yards, view from both units and both units being delivered vacant. This is especially terrific since Los Angeles has some pretty heavy-duty rent control law and being able to set market rents and find your own tenants is a huge plus. OK, my clients like this bank owned property and we put an offer together. Per the MLS, offers were to be "present directly to the seller" by loggingbanks can be confusing...

This Mid Century Los Feliz flip is definitely NOT a flop!

This Mid Century Los Feliz flip is definitely NOT a flop! Back in April of this year, the house at 4213 Cromwell Ave was a little fixer that was listed at only $699,000.  Thirteen days later it was in escrow for $775,000.  No doubt there were multiple offers from people trying to get their hands on this little diamond in the rough.  I’ve seen my share of flipped houses and some come out more re-muddled than remodeled.  That is certainly not the case with this Los Feliz gem. SimoDesign did a great job bringing the house back to life. This Los Feliz mid-century came on the market with its svelte new look in October with a list price of 1,175,000. The current price tag of $1,139,000 should certainly make this property more interesting and I will be surprised it stays on the market for long. This Mid Century Los Feliz flip is definitely NOT a flop!...

Terrific Spanish duplex hits the Silver Lake Market- just reduced to $875,000

Terrific Spanish duplex hits the Silver Lake Market

I'm a big fan of income property and recommend buying income property instead of a single family home as a great way to get into the Silver Lake real estate market. If you've been thinking about buying a house in Silver Lake and like the idea of having an income unit to help pay for the mortgage, you owe it to yourself to see this property.  1534 Murray Circle in Silver Lake may be just the place you've been waiting for.

Silver Lake Duplex on Murray Circle

The list price on this Silver Lake duplex stared...

Attention Home Buyers- Don’t give up the home search during the holidays!

Attention Home Buyers-  Don’t give up the home search during the holidays!

Santa bringing you a house for ChristmasSo you’ve been looking for a home. Now that Thanksgiving is behind us this is NOT the time to stop looking and wait until after the holidays.  Real estate follows a seasonal pattern, with spring and summer being the most popular times to buy a house. It follows that Fall and Winter are less popular, with the time from Thanksgiving to New Years being the least popular at all. Sure there are holiday parties to attend and gift shopping to do, but don’t pack in the home search until after the New Year.  This is actually one of the best times to buy.

Less Competition in the Real Estate Market

Since so many other people are putting the house hunt on the shelf until next year, you’ll be...

Los Feliz Village Holiday Festival

Los Feliz Village Holiday Festival takes place this evening, December 4, from 5-10pm.  If you aren’t in the Christmas spirit yet, this may just do the trick.  The annual holiday festival includes music, elves, carolers and lots of cheer. It’s free to attend, and open air buses and trolleys will transport revelers around Los Feliz Village maind streets of Vermont, Hillhurst and Hollywood Blvd.

Los Feliz Village Holiday Festival Tree Lighting

This year’s festivities will once again kick off with singing and the tree lighting at 5pm in front of the Los Feliz Library. at 1874 Hillhurst Ave.  This 5th annual holiday festival is once again being sponsored the Los Feliz Village Merchants and Restaurants in conjunction with the Los Feliz Village Business Improvement District. There will be a variety of activities and businesses will be open late so can enjoy a great meal and get some holiday shopping done while you’re at it.

What’s happening in Los Feliz Village


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