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Los Angeles, CA Real Estate News

By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
There are a lot of free events going on in Los Angeles during the summer months, too many to mention.  Here are some of the highlights. Let’s look at some of the summer events in Los Angeles and surrounding cities: Culver City Music Festival  This is the 17th annual Culver City Music Festival which takes place from July 7th to August 25th every Thursday from 7:00 p.m, in the courtyard in front of City Hall. The program includes rock ‘n roll, jazz, reggae, salsa and more. Marina Del Rey Summer Concerts This is the 10th annual Marina Del Rey Summer Concert series which takes place in Burton Chace Park, 13650 Mindanao Way, Marina Del Rey, 90292. Thursdays, July 8, July 22, August 5, and August 19 will feature classical music starting at 7:00 p.m. Saturday schedules are: July 17 with Flore...
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By Jenny Durling, For Los Angeles real estate help 213-215-4758
(L.A. Property Solutions)
Los Angeles Short Sales- The bank Can No Longer Come After You for the Balance Owed! If you need to short sell your Los Angeles home, now you can do that without worrying that the bank will come after you for the balance due. A short sale is when the owner of a property owes more on the loan than the property can currently be sold for. The owner must get the sale approved by their lender/lenders because the amount owed will be “short” of what is currently owed on the property. Since January of this year, California residents who need to short sell their homes have been protected against the first lien holder coming after them to pay the balance owed after the sale.  SB 580e, took care of that for us and applies to single family homes and income properties up to 4 units. Many Sellers Hav...
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By TODD PICCONI INLANDEMPIRE & SOUTH ORANGE COUNTY, CA, Personal Engagement,Precision, and Professionalism
(TODD PICCONI REAL ESTATE)
  Looking for a getaway out of Los Angeles?  Have you ever considered taking the train out of town?  If you can get yourself to Union Station (Downtown Los Angeles), then you can get to other places like Santa Barbara!   I was on a mission recently to "getaway" and discovered what AMTRAK is all about!  The Amtrak train I rode on was the COAST STARLIGHT and it was quite a lovely train! If you're planning a ride, I'd recommend the second level or upper level.  Also, plan on being there a few hours, so wear comfortable clothing, bring your camera and sunglasses and be ready for a really nice trip.  Of course, like any organized travel, there can always be sudden changes to your travel schedule due to unexpected surprises with the mechanical part of the train or traffic, etc.  So remember, ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Armageddon! Carmageddon! Part One Finished! The After action Report is here. The big hype was very good, Angelinos behaved well and it was like being on another country. The roads and freeways were empty. Some Angelinos took advantage of $4.05 flights to get out of town; others went to Restaurants and paid $4.05 for hamburger meals. There was a lot of creative marketing being done to commemorate the closing of the 405 Freeway. Any residents of Los Angeles and vicinity took my advice and stayed by their pools. Some stayed in their pool homes; others stayed in their Condominium Complex by the pool or went away for the weekend. So this was all good news. I enjoyed watching the empty streets on the news. Thanks to watching the news I discovered that this was just Part One. Next year we will...
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Happy Friday everyone! I hope you enjoyed the week and are now ready to have an even better weekend! Here are a few ideas: Fashion in the Middle Ages | The Getty Center | Every week Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday from Tue., May 31 until Sun., August 14 Sake Sundays at Tengu Santa Monica | All sake is half price on Sunday nights at Tengu-the original location and the newer Santa Monica one. Guests can partake of sake tasting flights, pineapple-sake cocktails, carafes and bottles for half price until 10:30 p.m. Even the fancy bottles are 50% off. Mysteries en Brochette | Saturdays : 7 p.m. | $75 per person, includes four-course dinner, show, tax and tip | Marina del Rey Hotel 13534 Bali Way , Marina Del Rey , CA , 90292 | View Website | If you dig the ocean, live e...
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By Ralph Gorgoglione, California and Hawaii Real Estate (310) 497-9407
(Metro Life Homes)
So you need to get out and enjoy the fresh air, then come out and join in the fun at the 18th Annual Los Feliz Village Street Fair in Los Angeles, California! The 18th Annual Los Feliz Village Street Fair will be held on Sunday, July 24th, 2011 from 11 am -10 pm on historic Hollywood Boulevard between (Vermont Avenue and Hillhurst Avenue) located in the Los Angeles area. Celebrate the 18th Annual Los Feliz Village Street Fair with live music, fantastic food from the Village restaurants, wine and beer gardens, fun carnival rides, a fabulous fashion show and so much more! For more information regarding the 18th Annual Los Feliz Village Street Fair please visit the link provided: http://www.losfelizstreetfair.com/ Sounds like a fun filled Sunday to me, so get out and play!
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
Monterey Hills, CA --- A Great Place To Live --- Leasing Opportunities Today Monterey Hills is a planned community within the city of Los Angeles but remains somewhat unknown despite its convenient location.  Close to Downtown Los Angeles, Pasadena/San Gabriel Valley, Glendale/Burbank/San Fernando Valley and the Westside. Many employees and medical residents at the USC Health Science Campus on Mission Road find the Monterey Hills community an ideal location. I have sold units to students and/or their parents who believe this is a wise short and sometimes a long term investment. If you are not ready to buy, Monterey Hills offers some lease opportunities as well. The Monterey Hills community's first properties opened in 1979 with Bradley Court the community's newest development constructe...
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By Ralph Gorgoglione, California and Hawaii Real Estate (310) 497-9407
(Metro Life Homes)
  If you are a lover of classic cars and hot rods, then a tour of the Petersen Automotive Museum in Los Angeles, California is a must! The Petersen Automotive Museum is located at 6060 Wilshire Boulevard in the City of Angels. The Petersen Automotive Museum is a great place to learn about the impact that cars have had in the American life, all the way from the past to the present day. This awesome museum has a great discovery and learning center with interactive and hands on exhibits for children of all ages to explore and learn the science of the automobile. How cool is that! The Petersen Automotive Museum has fun events throughout the year for every one of all ages. For more information regarding the Petersen Automotive Museum please visit the link provided: http://www.petersen.org/ ...
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By Monique Carrabba
(The Carrabba Group/Keller Williams)
I know Equator is efficient but sometimes it's nice to have someone else on the phone rather than a program where you never really speak to a human on the other hand. Equator organizes the tasks and process of a short sale. Isn't organized in managing loss mitigation but it misses a more human component when negotiating short sales. Today I received a message below that Wells Fargo is going live with Equator. Love it? Hate it? July 15, 2011 Dear MONIQUE CARRABBA: We're following up to see if you've had the opportunity to simplify the short sale process for your Wells Fargo properties by using the Equator platform. Take advantage of the automated process Now that we're part of the Equator network, we encourage you to use this platform to help you initiate, manage and process any short sa...
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By Monique Carrabba
(The Carrabba Group/Keller Williams)
Purchasing a property in Los Angeles that is a probate is very easy. The property is listed on the MLS, so your Realtor can help you find what's out there and help you find a good property. You will likely need 10% down to make an offer. There are two types of probates. With court confirmation and without. If it has court confirmation you will need to go to court and it will be subject to over bidding. Over bid amounts are usually 5% above the accepted offer plus $500. After the first overbid you can bid in increments of your choosing.  If you are an over bidder you will need to have a real estate agent present with you are the time of bidding. The judge will ask if there are any overbidders for the property you are interested in. You will need to step forward with your cashiers check f...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Condo Building Sold Avg. Sold Price Avg. Price Per SF Avg. DOM Active Avg. Price Avg. Price Per SF Absorption Rate Beverly West* ++ 1 $7,767,100 ? The Carlyle* 0 6 $5,094,833 $1,457.82 ? Blair House, 1 $799,000 $478.44 4 3 $2,223,750 $888.61 24 The Californian 1 $2,050,000 $776.52 29 3 $5,630,000 $1,363,20 18 The Remington 3 $3,845,000 $1,147.08 116 5 $3,503,000 $1,139.26 10 La Tour 3 $2,398,333 $759.29 50 5 $2,378,600 $754.542 10 The Longford 0 3 $1,307,667 $597.11 ? Regency Wilshire 0 1 $1,613,333 $5,617.61 ? The Wilshire 1 $1,060,000 $512.57 116 1 $1,916,500 $739.78 48 Wilshire House 1 $1,326,000 $481.48 7 1 $4,495,000 $1,462.34 3 Park Wilshire 5 $805,500 $389.21 80 4 $1,072,000 $533.20 4.80 The Grand 3 $716,667 $424.40 110 2 $824,500 $461.78 4 The Mirabella 2 $1,115,000 $443.25 26 ...
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Happy Sunday everyone!  Dont miss the fun and GREAT food!! Here are the details from John Wayne Cancer Institute site: John Wayne Cancer Institute’s Partners in Progress support group will be hosting the 2nd Annual Food Truck Round Up for Cancer Research for the purpose of raising funds and awareness for cancer research at John Wayne Cancer Institute. This is the perfect opportunity to bring together a growing new trend in the food industry with outreach to the local community about what John Wayne Cancer Institute does for the community and nation. There will be a silent auction, an opportunity drawing and seating for attendees. There will be a DJ spinning the perfect mix of music for all audiences. The Food Trucks at the event will be: Nom Nom Truck The Sweets Truck Don Chow Tacos Fly...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
  May 2011 Sales Recap and Market Report - Monterey Hills The Monterey Hills community is located within the city limits of Los Angeles and offers a variety of condominiums, townhomes and one single family development in a planned environment. Most communities within Monterey Hills offer a pool, spa and a recreation/meeting room with some complexes boasting saunas, tennis/sports courts and other amenities. The desirable close-in location offers a relatively easy commute to Downtown Los Angeles, the Valleys and Los Angeles' westside. Due to its close proximity to USC School of Medicine, many find Monterey Hills an excellent opportunity to purchase and live during residency or as an investment property. The first communities in Monterey Hills were constructed in 1979 with Bradley Court th...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Cheap wines under $10, my third post of the series First of all, my point is, if you are a wine connoisseur than you will appreciate this post about cheap, but good red wines.  If you are just a wine snob and base wine on price only than I suggest you might want to reconsider. Price is not the only determiner of good wines. Now with that said. A favorite winery of mine is Murphy Goode. (www.Murhpygoode.com)  they make an outstanding Sauvignon Blank, so armed with this knowledge I ventured into trying their Pinot Noir. Let me tell you, what a pleasant but unexpected surprise when I tasted it. As you can see there is not one drop left in the bottle. Their 2009 vintage is really worth buying. Of course as the title of my blog post states it was under $10 a bottle. Take my word try it, you ...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
Monterey Hills June 2011 Month & Year-To-Date Market Recap & Sales Report   The Monterey Hills community is located within the city limits of Los Angeles and offers a variety of condominiums, townhomes and one single family development in a planned environment. Most communities within Monterey Hills offer a pool, spa and a recreation/meeting room with some complexes boasting saunas, tennis/sports courts and other amenities. The desirable close-in location offers a relatively easy commute to Downtown Los Angeles, the Valleys and Los Angeles' westside. Due to its close proximity to USC School of Medicine, many find Monterey Hills an excellent opportunity to purchase and live during residency or as an investment property. The first communities in Monterey Hills were constructed in 1979 wit...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, West Hollywood, Hollywood Hiils, the Sunset Strip and throughout the greater Los Angeles area. Now also selling Mid-Century Modern homes in Palm Springs. Stewart Penn - (310) 844-6515 | (310) 866-1818 Realtor | Broker - Los Angeles Condo Specialist Penn Properties - "An Independent Real Estate Brokerage"
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By Ralph Gorgoglione, California and Hawaii Real Estate (310) 497-9407
(Metro Life Homes)
Congratulations to our Winners for June: Bill GillhespyLiz WallaceSally Weatherly 1,000 Bonus Points Each!! This month's "Liar" posts were from featured members:Vienna BelloSusan NealCindy WestfallKen Cash To join the group, click here: http://activerain.com/groups/2truthsandaliegame The winners each had 4 out of 4 correct guesses this month! Each month if there is one member who has the most correct guesses, they will receive 1,500 bonus points. If there is a tie, each member who ties will receive 1,000 bonus points each. Once again, thank you Praful Thakkar for your assistance with the tabulation. Check out our current post of "2 Truths and A Lie"!! If you haven't played yet, then try this month! It's alot of fun and a great way to meet some of the other members on ActiveRain and mayb...
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By Monique Carrabba
(The Carrabba Group/Keller Williams)
On average it took less Time to Foreclose in California, Arizona and Nevada in June 2011, countering what has been a growing trend to extend the foreclosure process. The time to foreclose has increased on a year-over-year basis throughout our coverage area, with the largest increase seen in Nevada where it now takes on average 319 days to foreclose, up from 239 days a year ago. California saw the second most significant increase with the average time to foreclose at 317 days, up from 261 days a year ago. The least change was observed in Washington where the average time to foreclose is 106 days, only slightly higher than the 105 days seen a year ago. Foreclosure filing activity was down throughout our coverage area in June 2011, with fewer foreclosure filings in all states. There were f...
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By Monique Carrabba
(The Carrabba Group/Keller Williams)
If you have a pulse and you are active in the short sale game, you have undoubtedly heard about Bank of America's Cooperative Short Sale Program.  It is hailed as a HAFA-like short sale program without the mucky guidelines of HAFA (like occupancy status?).  An ex-top B of A negotiator, Elena Celestine, who is now their circuit speaker, talked about this program at an event I attended in Los Angeles last week.  She was a gifted speaker, and fun to watch in action.  She scolded agents lightly from time to time for the goofy things we do, and even told the occasional "homeowner" joke.  But one thing was apparent.  She was out of touch.  She said that B of A's Coop program was basically HAFA without the occupancy restrictions.   One problem, HAFA  no longer had the same occupancy restrictio...
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By Ralph Gorgoglione, California and Hawaii Real Estate (310) 497-9407
(Metro Life Homes)
I made another $25 micro loan to a great little group in Uganda - Bulenga Twekembe Group A For those of you who do not know, Kiva.org is an amazing site where you make a micro loan of $25 along with other people on the site to fund a startup loan to people in typically impoverished countries to help them start a small business, or expand an existing one. I've made dozens of micro loans over the past few years, and they've all been repaid. I then lend out the money again and again! 40-year-old Flavia plies her food sales business in the many food markets in Mpigi. It is now a decade in this trade for this happily married mother of six. Before taking root in this business, Flavia was engaged in a retail trade. She dispensed with it in time. The last 10 years have been years of mixed fort...
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