Affordable Condos at Surfwood Monterey in Los Angeles

By
Industry Observer CalBRE #01165532
https://activerain.com/droplet/4TLG

Affordable Condos at Surfwood Monterey in Los Angeles

 

This is a market activity report for the Surfwood Monterey condominium complex in the Hermon area(part of zip code 90042) in the city of Los Angeles.   I have written extensively of this development over the years as I believe it offers an exceptional 6140 Monterey Road Los Angelesvalue for those looking for affordable real estate.   Affordable, of course, is a relative term.   

 

The complex is located at 6140 Monterey Road and features 92 single level units. Each has two bedrooms and two baths in a variety of floor plans.  High ceilings, interesting angled walls and niches, fireplaces, washer-dryer connections and good storage are just some of the interior features.   

 

A lobby entry, three central courtyards, subterranean parking(two spaces per unit), a fitness center along with pool, spa and lounge area can be found at Surfwood Monterey.   The area is adjacent to the city of South Pasadena and is just East of the Arroyo Seco Parkway(110) and fairly close to other freeways plus two Gold Line light rail stations.

 

Affordable Los Angeles 90042 Condos

 

  • There are currently two units for sale in Surfwood Monterey.  Both are newly listed.  Each has approximately 985 square feet.  One overlooks one of the central courtyards and has a nice-sized patio and is listed for $379,000.  The other faces the hillside and is offered at $389,000.   So far in 2016, there have been four closed transactions reported in our multiple listing service(mls).  These sales range from $375,000 to $434,000 with an average sales price of $400,375(median sales price $396,250).  Each sold in excess of list price for an average 103.53%.  The average price per square foot was $388.50 for the period.   

 

  • There were five mls-reported closed sales in the first seven months of 2015.  Those transactions ranged from $303,000 to $414,000 with an average price of $358,200(median $359,000).They sold at 101.47% of last list price and for $325.42 per square foot on average.  

 

  • During the same January through July time period in 2014, there were also five sales.  Those sales ranged from $225,000 to $296,500.   So while prices have increased, Surfwood Monterey remains a viable affordable real estate opportunity in Los Angeles.

 

Affordable Los Angeles 90042 Condos

 

Relatively easy access to Downtown Los Angeles, the USC Health Science campus and other employment and education centers make Surfwood Monterey one of my top choices for affordable real estate.  Whether for a first time homebuyer or a savvy investor, let me know if you would like to know more about this complex(or others) in greater detail.  After all, real estate is really much more than just numbers.   Let’s discuss what’s important to you.

 

I can be reached at 818.516.4393 cell

 

Published:  August 1, 2016

 

Affordable Condos at Surfwood Monterey in Los Angeles





Posted by

Michael Jacobs

 

CalBRE # 01165532

2065 Huntington Drive

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

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Rainmaker
3,192,809
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

High ceilings are a welcoming look to a space, and these afforable condos at Surfwood Monterey, with an an easy communte to downtown seem like a popular destination. With over asking sales prices, this is certainly must be the case!

Jul 31, 2016 08:12 PM #1
Rainmaker
873,318
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Michael Jacobs Nice market report on Surfwood Monterey.   Close to downtown LA is a bonus.  Anyone looking to buy or sell in Surfwood Montery would be smart to call you.

Jul 31, 2016 08:24 PM #2
Rainmaker
1,698,206
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Great title. It will certainly be a topic someone is searching for on line  I hope this makes the phone ring

Jul 31, 2016 08:49 PM #3
Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree with Lise. This is a good market report. Thank you for the report.

Jul 31, 2016 09:09 PM #4
Rainmaker
3,303,374
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Michael. Nice to see affordable communities in your part of the country! Enjoy your day!

Jul 31, 2016 10:09 PM #5
Rainmaker
1,523,547
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, the Surfwood Monterey condos in Los Angeles are such a great option for buyers in your area. Being close to downtown LA would be a big selling point. Excellent market update!

Jul 31, 2016 11:49 PM #6
Rainmaker
2,581,932
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Surfwood Monterey looks like a place that I could happily call home and I would certainly call you to help me find the right one!

Aug 01, 2016 01:04 AM #7
Ambassador
2,302,371
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Surfwood looks like a very affordable community for your area and I love the 2 sub-terrain parking spots that buyers will enjoy.

Aug 01, 2016 02:09 AM #8
Rainmaker
4,490,898
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

What a nice profile of the Surfwood Monterey community, and I really like the next ot last picture you featured.  It really shows a unique perspective. Glad that there are two units for you to sell.  A

Aug 01, 2016 02:36 AM #9
Ambassador
3,900,996
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Michael- Another informative market report on Surfwood Monterey in Los Angeles.  I particularly like the high ceilings and fitness center with pool and spa!

Aug 01, 2016 04:16 AM #10
Ambassador
3,112,611
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 Anyone who has followed you for any time at all has surely come across the Surfwood condos before however you always update us on the latest happenings with each condo complex you cover.

 Your clients must be the best informed people in the Los Angeles area Michael Jacobs 

Aug 01, 2016 04:26 AM #11
Rainmaker
3,361,910
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks very much for stopping by and your comments on this real estate market update for the Surfwood Monterey condo complex.  As we know affordable can and certainly is defined differently in each market but the convenient location and floor plans make these units quite desirable for first time homebuyers and investors.   

Aug 01, 2016 06:24 AM #12
Ambassador
2,791,159
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - I've been following your Surfwood Monterey market reports for a while now and am getting used to the prices and different measure of affordability. The numbers consistently show this complex as highly desirable, and your market reports consistently showcase your expertise.

Aug 01, 2016 06:36 AM #13
Rainmaker
3,248,015
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

Thank your for sharing the year to date real estate market update for the Condos at Surwood Monterey, in Los Angeles.

Good luck and success.

Lou Ludwig

Aug 01, 2016 12:27 PM #14
Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Hi Michael - I too have been following your market reports . I enjoyed reading  about  affordable-condos-at-Surfwood-Monterey-in-Los-Angeles Ca . LA is such a beautiful place. You are the agent I would refer any relocation buyer  too . I know they would be in excellent hands

Aug 01, 2016 12:34 PM #15
Rainmaker
3,361,910
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks very much for stopping by and your comments for this update on market conditions at the Surfwood Monterey condo complex in the Hermon area within the city of Los Angeles.   

Aug 02, 2016 02:00 AM #16
Ambassador
3,983,177
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Michael, Yes I agree those are very affordable condos and another good report of Surfwood condos. You do an excellent job making it interesting.

Aug 04, 2016 10:54 AM #17
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