Affordable Los Angeles Condos at Surfwood Monterey

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

Affordable Los Angeles Condos at Surfwood Monterey

 

This is a market activity report for the Surfwood Monterey condominium complex.   I have written extensively of this development over the years as I believe it offers an
exceptional value for those looking for that often elusive affordable Los Angeles real
6140 Monterey Rdestate.   And as we know -- affordable is a relative term.  

 

In this report, I will share information regarding condos for sale, in escrow and sold in the first eight months of 2016 with a comparison to the same time period for the previous two years.   All statistical information has been gathered from our local multiple listing service(mls) and may not include all transactions in the complex.

 

Affordable Los Angeles Condos In HermonSurfwood Monterey is located at 6140 Monterey Road in the Hermon neighborhood within the city limits of Los Angeles(zip code 90042).  It is adjacent to the city of South Pasadena and just east of the Arroyo Seco Parkway(110) with easy access to other freeways plus two Gold Line light rail stations.   

 

Hermon is definitely under-the-radar when it comes to awareness which is also a factor in its relative affordability.   

 

The complex 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.  

 

  • There is one unit for sale in Surfwood Monterey.  Located on the third floor, it has a hillside orientation with approximately 985 square feet.  One overlooks one of the central courtyards and has a nice-sized patio and is listed for $389,000.  There are two additional properties in escrow.   In the January through August time period, there have been four closed transactions reported ranging 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.   

 

  • In the same eight month period in 2015, there were six closed sales reported. Those transactions ranged in price from $303,000 to $414,000 with an average price of $360,167(median $364,500).   They have sold at 100.79% of last list price and for $323.58 per square foot on average.  

 

  • During the same January through August time month period in 2014, there were also five sales.  Those sales ranged from $225,000 to $296,500. So while prices have increased, the complex remains relatively affordable.

 

Surfwood Monterey Condos

 

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

 

Los Angeles 90042 Affordable Real Estate

 

Published:  September 2, 2016

 

Affordable Los Angeles Condos at Surfwood Monterey

 

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
4,797,120
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.  Anyone considering a purchase in Surfwood or other near-by communities should call you for assistance.

Sep 01, 2016 08:50 PM #1
Rainmaker
3,160,027
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

These really do seem affordable for the Los Angeles area Michael. Surfwood Monterey has lots to offer with amenities too!

Sep 01, 2016 08:56 PM #2
Rainmaker
1,670,696
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Another wonderful market report from you on Pasadena condos - you really are the king of Pasadena condos - I am working to be the Queen of Bethesda condos! 

Sep 01, 2016 10:40 PM #3
Rainmaker
3,243,255
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Michael. Want an affordable place to call home? Call Michael! Enjoy your day!

Sep 01, 2016 10:44 PM #4
Rainmaker
1,536,825
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I would have thought the pricing for condos at Surfwood Monterey would be much higher., Michael Jacobs Great values there! Thanks!

Sep 01, 2016 11:52 PM #5
Rainmaker
3,307,632
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

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

Sep 02, 2016 01:14 AM #6
Rainmaker
1,387,593
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

For your neck of the woods these seem like some great deals! Good local post as always Michael.

Sep 02, 2016 01:18 AM #7
Rainmaker
2,519,962
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Surfwood Monterey looks like a very nice Condo complex and knowing that it is affordable is definitely a bonus!

Sep 02, 2016 01:34 AM #8
Rainmaker
1,496,282
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, I like to read the word affordable when it's in the same sentence with Los Angeles. Whether buying or selling a condo, townhome or a single family home in Los Angeles CA, you are the go the REALTOR®. Another post with very useful information and market update.

Sep 02, 2016 02:35 AM #9
Ambassador
2,302,041
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Surfwood sounds like the ideal place to call home.  Love all of your photos of the complex.

Sep 02, 2016 02:40 AM #10
Ambassador
2,771,098
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - As always, an excellent market report for Surfwood Monterey, with so much more for interested buyers and sellers than just the mere numbers. Your understanding of the Pasadena area real estate market is unsurpassed. Have a great weekend!

Sep 02, 2016 06:11 AM #11
Rainmaker
4,408,585
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

I agree 100% with Dick Greenberg with your knowlegeable assessment of the Pasadena marketplace.  When I hear the word Pasadena, I think Michael Jacobs. You are just that good, as one of our friends used to say.  A

Sep 02, 2016 08:01 AM #12
Rainmaker
1,118,644
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael Jacobs - In this hot California real estate market anything that starts with affordable is going to get a lot of attention!  Great real estate market update for the affordable Los Angeles Condos at Surfwood Monterey!

Sep 02, 2016 09:38 AM #13
Ambassador
3,843,191
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Michael- I remember the Surfwood Monterey Condos in Los Angeles from your previous market reports.  It sounds so affordable!  You really do know your market!

Sep 02, 2016 10:52 AM #14
Rainmaker
3,247,570
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

The Condos at Surfwood - Monterey in Los Angeles offers affordable value.

Good luck and success.

Lou Ludwig

Sep 02, 2016 12:52 PM #15
Rainmaker
2,752,423
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I may have to look at this area of LA one day depending on where life takes us. :)

Sep 03, 2016 04:56 AM #16
Rainmaker
3,307,632
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks so much for stopping by and your kind comments.  I appreciate it.

Sep 03, 2016 07:59 AM #17
Ambassador
3,982,858
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

You give so much good information about your neighborhoods that your phone should be ringing off the hook.

Sep 03, 2016 12:55 PM #18
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Rainmaker
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Michael Jacobs

Los Angeles Pasadena 818.516.4393
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