Patrick Kelley & Melody Rogers-Kelley

Nourmand & Associates

310 274-4000

310 888-3357 direct

STATUS:  Active

ADDRESS:   2018 GRIFFITH PARK #319, LOS ANGELES ,CA 90039

LP:  $489,000

 Add'l Photos

Larger Map   Aerial Map   Plat Map

OPEN HOUSE:   12/02/2008 (11:00AM-2:00PM)

RESIDENTIAL CONDO / COOP

AREA:  (21) Silver Lake - Echo Park

MAP:   594/C4

MLS#  08-331497

BR:  2

STYLE:  Southwestern

SUB:  

PUD:  No

YB:  1982

BA:  2.00

APN:   5431-005-067

HOA:  

HOD:  $400.00

STORIES:  3

APX SF:  1,209/AS

UNIT LOC:  front

VIEW:  Yes

POOL:  Yes

#UNITS:  77

EQ INS:  Yes

EXP:  west

PETS:  Yes

FP:  1

FLR#:  3

PKGT:  2

BALC:  yes

LSE:  No

LOP:  No

FUR:  No

PKGC:  2

HORSE PROP:  

ELEM:  call Lausd

JRHS:  call Lausd

SRHS:  call Lausd

CMPLX:  Cedar Lodge

DIRECTIONS:  Los Feliz to Griffith Park.

REMARKS:  Prime Silver Lake Condo. Turn key, prime top floor, west facing unit with mountain and city light views. Remodeled kitchen with maple cabinets and corian counter tops. Remodeled master bath with double glass sinks and glass shower. Built- in entertainment center in 2nd bedroom. High ceilings, great light, hardwood floors and fireplace. Beautiful courtyard, pool and hillside park with picnic tables and BBQ. Close to the best of silverlake's shops, restaurants, etc. A fabulous unit.  

ROOMS:  Breakfast Bar,Dining Area,Living,Pantry

AMENITIES:  Banquet,Clubhouse,Controlled Access,Elevator,Extra Storage,Pool,Security,Spa

EQUIP:  Cable,Dishwasher,Dryer,Elevator,Garbage Disposal,Hood Fan,Intercom,Microwave,Refrigerator,Washer

AIR:  Central

HEAT:  Central

FLOOR:  Carpet,Hardwood,Tile

LAUNDRY:  Inside

FIREPL:  Gas,Living Room

ROOF:  Composition

POOL:  Community

PARK:  Community Garage,Tandem

TYPE:  Low Rise

VIEW TYPE:  City Lights,Mountains

WATERFRONT:  None

SEC:  24 Hour,Community,Gated

FIN:  Cash To New Loan

SEWER:  

POSS:  Close Of Escrow

DISC:  As Is,Trust/Conservatorship

SZONE:  Property Report

OCC/SHOW:  Call LA 1

LP:  $489,000

DOM:  7

SP:   

SSP:  

OLP:  $489,000

LD:  11/25/2008

CD:  

SD:  

WD:  

LA1:  Melody Rogers

LA1#:  310-888-3357

LA1 CELL:  323-899-5636

LA1 OTHER:  

LA2:  Patrick Kelley

LA2#:  310-888-3357

LA2 CELL:  

LA2 OTHER:  

LA1 EMAIL:  mrpk1@pacbell.net

LA2 EMAIL:  mrpk1@pacbell.net

LO1:  Nourmand & Associates-BH

LO1#:  310-274-4000

LA1 FAX#:  310-278-9900

LO2:  Nourmand & Associates-BH

LO2#:  310-274-4000

LA2 FAX#:  310-278-9900

CSO:  2.5%

LT:  ER

LBA:   

BAC:  Yes

LS:  No

EO:  No

PROBATE:  

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2008 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed.

Mark Cohen
President

Ph. 310-777-5401
Fx. 310-777-5410 markcohen@cohenfinancialgroup.com

Please call for commercial,
apartment
and construction financing!

Count on Cohen Financial Group for unique products and programs to match your client's needs:

• 100% Purchase Programs
• No-income Documentation Loans**
• Swing Loans
• 14 Day Closing
• 24 Hour Approvals
• FHA/VA Loans
• New Construction Loans
• Hard to Place Loans
• Home Equity Lines Of Credit
• Multi-Family / Apartment Loans
• Out of State Loans

Click for more information.

Mark Cohen was once again recognized as California's #1 Individual Mortgage Originator, according to Mortgage Originator Magazine (April 2008). Mark has now received this honor 11 of the last 12 years.

Conforming and Non-Conforming Rates

Interest Rate Market Factors & Commentary

Finally a positive week for the mortgage market as the Fed announced that it would purchase up to $500 Billion in government sponsored enterprise (GSE's) mortgage backed securities. This needed and dramatic move will provide liquidity to the market and will encourage investment in the mortgage market. The result of the news was a drop of approximately a ½ point in rates which was desperately needed. This should provide a stimulus for the housing market. However, it is important to note that the government investment in mortgage backed securities is not applicable to jumbo loan amounts and thus any positive carry over will take time to filter through.

The general economic news last week continued to be negative but it appears to me that the market has factored in a major slowdown for the economy. Any positive news would be well received and would help the housing market. I have detailed below factors that will affect the mortgage and housing market in the next several weeks.

Factors Affecting the Mortgage Market

1) Massive Infusion of Liquidity into the credit markets should stabilize the mortgage markets and increase the amount of purchase and refinance transactions.
2) Lower Inflation Levels & a Stronger Dollar are a positive for bonds over time. The falling price of oil and commodities has resulted in tamer inflation expectations.
3) Low Expectations for Both the Economy and Real Estate Market have resulted in very low expectations for the public in the next several months. Any stabilizing or nearer term improvement would help consumer confidence tremendously.
4) Unemployment Rate continues to be a major concern as we will obtain further information this week when the employment report is released for November. It is expected that 320,000 jobs were lost last month with the unemployment rate rising to 6.8%. (This continues to be a drag on the economy.)
5) Consumer Sentiment is low but this could be swayed if there are any signs of stabilization
6) Jumbo Lending Should Improve in 2009 as there are several institutions other than New York Money Center Banks who have stated that they would re-enter the market. This would make markets more competitive and provide liquidity
7) Sales Need to Increase and Amount of Foreclosures and Short Sales Need to Stabilize in order for lenders and government agencies to loosen up credit policy.

As usual, the prices of all commodities (oil, silver, copper, etc.) as well as movements in the stock and currency markets will continue to have an impact on the market.