What is Your Surfwood Monterey Condo in Los Angeles 90042 Worth Today?

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://actvra.in/58Cy

Would You Like A Free Market Analysis of Your Surfwood Monterey Condo?  

What is Your Surfwood Monterey Condo in Los Angeles 90042 Worth Today?

 

Affordable Condos in Los Angeles Hermon Neighborhood

6140 Monterey Road Los Angeles 90042

Free Market Analysis Learn How Recent Sales Activity Are Impacting The Value of Your Los Angeles Condo

 

This is a real estate market activity report for the first eleven months of 2017 for the Surfwood Monterey condominium complex.  This relatively affordable complex is located in the Hermon community in NorthEast Los Angeles(NELA) within the city of Los Angeles(zip code 90042).   The address for the complex is 6140 Monterey Road.  It is just east of Arroyo Seco Parkway(110) near Avenue 60 adjacent to the city of South Pasadena.

 

In this report I will share market activity for that period along with a comparison to January through November for the previous two years.  The statistical information here has been gathered from our local multiple listing service(mls) and may not include all transactions in the complex.

 

Surfwood Monterey was built in 1989 and consists of 92 single level condos with two bedrooms and two baths in a variety of floor plans.  The units feature tall ceilings, fireplaces, sliding glass doors opening to patios or balconies, in-unit laundry connections and rather abundant storage.  Interesting angles and architectural niches give the interiors of the units a unique flair.  Some upper floor units feature even taller ceilings and clerestory windows add to the interest making the units not so humdrum.  Units range in approximate size from just under 1000 to nearly 1200 square feet of living.

 

There is a lobby entrance for the professionally managed complex along with two elevators, pool, spa, lounge area and fitness room.  Parking is subterranean with two space per unit -- most are tandem so some coordination is necessary in making “morning” routines workable.   There are three courtyards within the Surfwood Monterey landscaped grounds and the feeling is a bit more open than you will find in some other area complexes in this price range in my opinion.  

 

The Northeast Los Angeles location is quite convenient despite the under-the-radar awareness of Hermon.   In addition to the previously mentioned easy access to the Arroyo Seco Parkway, it is close to multiple other freeways as well as two Gold Line light rail stations(Highland Park and South Pasadena).  I would say the location is, like much of Los Angeles, requires the use of a vehicle.    

 

  • There have been four mls-reported sales in the first eleven months of 2017.  The sales range in closed prices from $379,000 to $435,000 with an average and median sales price of $410,750.   They sold at 101.68% of list price and for $399.85 per square foot on average.    




While sales prices continue to increase, Surfwood Monterey, remains a relatively affordable real estate option for those looking for a Los Angeles condo in a convenient location.   Obviously, this report is an overview and turnover of units in this complex reflect a trend in recent years.  This was not the case several years ago when distressed sales(bank owned, short sales) were more commonly found in this complex and in the surrounding area..

 

When we meet we will need to consider different factors as an offer is crafted for a prospective buyer or in developing a marketing plan with the possible listing price for a property owner who is considering selling.  I will share information regarding condition, updates(or lack thereof), location within the complex, emotional appeal and timing as part of the review process for any unit under consideration.   

 

If you would like to know more about the relatively affordable Los Angeles condos at Surfwood Monterey or any NELA real estate contact me at 818.516.4393 direct.  Whether you are a prospective buyer or a homeowner thinking of selling, let’s discuss what’s important to your real estate needs.  

 

Published:  December 4, 2017

 

Would You Like A Free Market Analysis:  

What is Your Surfwood Monterey Condo Worth Today?






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Rainmaker
3,422,382
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Michael,

Another wonderful and comprehensive report on Surfwood condos in Los Angeles 90042.  There is no doubt that you really know this community as well as those in Pasadena, South Pasadena, and surrounding communities.  Wishing you a superb week.  A

Dec 04, 2017 12:22 PM #1
Ambassador
1,580,660
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Great market report On Surfwood Condos in NELA Michael Jacobs  I so enjoy reading your reports . Sellers should take advantage of your FREE Market Analysis you are offering . Why wonder what the value of your condo is when you can call a professional and receive the facts .

Dec 04, 2017 01:17 PM #2
Rainmaker
1,310,441
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Their Surfwood Monterey condo is probably worth more than they realize. This detailed market report should give owners an idea but of course, they would be wise to call Michael Jacobs to get a Free Market Analysis and list their condo. 

Dec 04, 2017 04:23 PM #3
Rainmaker
3,221,616
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

A free market analysis helps the condo owners at the Surfwood Condo in Los Angeles 90042 to remain informed on the markets values.

Good luck and success.

Lou Ludwig

Dec 04, 2017 07:03 PM #4
Rainmaker
4,269,609
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Surfwood Monterey condominium sellers will be in very good hands when they select you as their listing agent.

Dec 05, 2017 03:40 AM #5
Rainmaker
3,929,077
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Michael.  I'm happy to see my morning update for the Surfwood Condos in Los Angeles.

Dec 05, 2017 04:24 AM #6
Rainmaker
1,812,077
Andrew Mooers
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Yes please and thank you Michael Jacobs ! You have the pulse of your local real estate market my west coast friend.

Dec 05, 2017 04:26 AM #7
Rainmaker
1,727,030
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Anyone interested in real estate in Surfwood Monterey would certainly be wise to give you a call.  I hope that your day is enjoyed my friend!

Dec 05, 2017 06:36 AM #8
Rainmaker
1,221,045
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Your Alexandria Virginia Real Estate Agent

Michael, owners in Surfwood Monterey condos will find your report most useful. It will help them get a general idea of what their condo is worth and when they're ready to talk details they need to contact you. You're the local expert and know the market inside and out.

Dec 05, 2017 06:44 AM #9
Rainmaker
3,225,436
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, buyers and sellers look for your market updates for Surfwood Monterey Condos, you provide valuable information. 

Dec 05, 2017 06:51 AM #10
Rainmaker
1,249,290
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Michael, these condos seem like a very reasonable price point for such a great neighborhood.

Dec 05, 2017 08:53 AM #11
Ambassador
1,398,039
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Agree with Jeffrey, it appears as if affordability is an option at Surfwood Monterey Condos complex. I especially like the tall ceilings and fireplaces too. The upper floor units sound very desirable as I can imagine there is a lot of light. Buyers need to call you for the best representation possible. D 

Dec 05, 2017 10:06 AM #12
Ambassador
1,398,039
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Oops, nearly forgot the other part of this equation. Sellers should take you up on the offer for a complimentary pricing analysis. Who knows, it might be time to sell a unit with Michael Jacobs. 

Dec 05, 2017 10:09 AM #13
Rainmaker
3,200,869
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Michael Jacobs,

Sellers will take advantage of your FREE Market Analysis after reading this comprehensive market analysis of Surfwood Monterey! Relatively affordable condos in LA. Love the arch entry way in your photo!

Dec 05, 2017 06:52 PM #14
Rainmaker
3,708,277
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Dec 06, 2017 02:42 AM #15
Rainmaker
1,582,057
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

The Surfwood Monterey condominium complex is very interesting. I really like the style of the glass front door. The fact that it's an affordable place to live in a great location is also appealing. The interesting "angles and architectural niches" is also nice to have. Aesthetically, it would peak the interest of many who want to have a fine experience of living condo style. Selecting the right one is something only Michael Jacobs does best because he is dedicated to work in the best interest of his buyers. He has a long track record for make great sales, developing outstanding business relationships and he makes a commitment to guide the client through each sale, every phase of the way. When it comes to Real Estate Sales, he is the best! I highly recommend him.

Dec 08, 2017 05:56 PM #16
Rainmaker
3,221,616
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

Keep those free market analysis's coming . . . .

Good luck and success.

Lou Ludwig

Dec 11, 2017 08:10 PM #17
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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