Real Estate Activity At Surfwood Monterey Condos In Los Angeles

By
Industry Observer CalBRE #01165532
https://activerain.com/droplet/4Zj9

Real Estate Activity At Surfwood Monterey Condos in Los Angeles Is Off To A Good Start in 2017

 

This is a real estate market activity report for the Surfwood Monterey condominium complex in the Hermon area in the city of Los Angeles. As part of the 90042 zip code, the complex which is located at 6140 Monterey Road is in a highly convenient location just east of Arroyo Seco Parkway(110) with easy access to multiple other freeways and two Gold Line light rail stations.

 

6140 Monterey Road Affordable Condos in Los Angeles 90042    

 

In this report I will share information regarding units on the market for sale, in escrow and sold for the month of January 2017 with a comparison to sales results in January for the previous five years.  The statistical information presented here has been gathered from our local multiple listing service(mls) and may not reflect all transactions in the complex.   In order to get an idea of the bigger picture for this complex, I suggest you read my report that encompasses all of 2016 with a comparison to recent years.  That report can be accessed by clicking here.    

 

Built around three central courtyards, the professionally managed Surfwood Monterey complex has a pool, spa, lounge area, gym and two elevators. The 92 unit complex was constructed in 1989.    Secured parking is on the first level of the four story building.

 

The condos at Surfwood Monterey are all single level with two bedrooms and two baths in a variety of floor plans.  Interior features include fireplaces(some plans have two), in unit laundry connections, walk-in closets and balconies or patios.   Units on the fourth floor feature clerestory windows and higher ceilings.  Square footages range from under 1000 to nearly 1200.

 

  • There were no mls reported sales in January, 2016.  The same was true in 2015.  Despite no closings, two properties went into escrow last month.   Continuing a trend that has existed in the complex, there are no units currently on the market for sale.

 

  • In January, 2014, a top floor unit with approximately 985 square feet in the rear of the complex closed for $290,000(last list price $299,900)

 

  • No sales in the first month of 2013 but in 2012, a remodeled second floor unit with approximately 1177 square feet closed for $229,000(list price $235,000) in a flip transaction.  

 

As I previously mentioned, the location of Surfwood Monterey is easily accessible to multiple freeways yet it remains a bit under-the-radar when it comes to recognition.   Even the Hermon neighborhood which has roots dating to the early years of the 20th century is relatively unknown.   For this reason, I believe your buying power will provide a lot more condo than you might find in other areas of Los Angeles even as prices have continued to increase in recent years.

 

Would you like to know more about this affordable Los Angeles condo community?   Do you own a unit in this desirable complex and want to know about its value in today’s still very active real estate market?   Let’s discuss what is important to you.  I can be reached at 818.516.4393 cell.  

 

Published:   February 1, 2017   



Real Estate Activity At Surfwood Monterey Condos in Los Angeles Is Off To A Good Start in 2017

 

 

Posted by

Michael Jacobs

 

CalBRE # 01165532

2065 Huntington Drive

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California Los Angeles County Los Angeles Hermon
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Condos, What you need to know?
WeBlog Anything (almost)!
2017 Market Trend Reports
Tags:
6140 monterey road
condos close to usc health science campus
surfwood monterey condos in los angeles
affordable los angeles condos in los angeles

Post a Comment
Spam prevention
Spam prevention
Show All Comments
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

What a unique architectural design found at Surfwood Monterey Condos. Buyers wanting to learn when units become available, need to contact you. Sellers need to list with Michael to get their condo SOLD!

Feb 01, 2017 04:00 AM #3
Rainmaker
3,243,249
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Michael. Sounds like supply never meets demand at the Surfwood Monterey Condos. Enjoy your day!

Feb 01, 2017 05:09 AM #4
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.  It's good to read that the Surfwood Monterey Condos in Los Angeles real estate activity is off to a good start.

Feb 01, 2017 06:19 AM #5
Rainmaker
5,347,478
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Feb 01, 2017 06:42 AM #6
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thanks for compiling and sharing this information.  This is perfect for buyers and sellers trying to get a better insight on the real estate market.  Most informative!

Feb 01, 2017 06:42 AM #7
Rainmaker
3,142,956
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Michael Jacobs, nice complex for 1989 and of course good description by you.

 

Feb 01, 2017 06:43 AM #8
Rainmaker
1,520,892
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, sellers considering listing their Surfwood Monterey condo in Los Angeles need to contact you and put your expertise to work. Low inventory continues and your marketing will achieve them top dollar.

Feb 01, 2017 07:01 AM #9
Rainmaker
3,307,632
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thank you very much for stopping by and your comments for this update for Surfwood Monterey condos in the Hermon area of Los Angeles 90042.   

Feb 01, 2017 07:22 AM #10
Rainmaker
1,387,593
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Wow Micheal, cool looking modern project with beautiful landscaping and attractive pricing...this is a real winner!

Feb 01, 2017 08:20 AM #11
Ambassador
1,769,785
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Michael, excellent report on the Surfwood Monterey Condos In Los Angeles. People will really benefit from this data.

Feb 01, 2017 08:24 AM #12
Ambassador
2,302,041
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Sounds like people like living in Surfwood and don't frequently sell their condo.  The desired location must be a huge selling feature with the easy access to everything.

Feb 01, 2017 09:46 AM #13
Rainmaker
4,408,568
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

I gather there is no inventory in the Surfwood Monterey condos in the Hermon Area.  I am certain that with your expertise you can find something suitable for some looking for an affordabel place to live.  A

Feb 01, 2017 11:05 AM #14
Rainmaker
2,005,731
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Condos seem to be the trend in your area! You have such a nice variety and assortment of just about everything! Buyers and Sellers should know they are in excellent hands with you as their Real Estate Agent. I can't think of anyone who writes up such a comprehensive report other than you! I would appreciate that if I were a buyer or seller! 

Feb 01, 2017 11:08 AM #15
Rainmaker
1,496,282
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, I've always liked the architect of Surfwood Monterey condos, many residents feel the same way based on inventory. Whether buying or selling in this condo complex or any other in Los Angeles, you are the real estate agent to call.

Feb 01, 2017 12:08 PM #16
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 - Anyone looking for single level living will want to check out the Surfwood Monterey Condos in Los Angeles!  An excellent real estate update for this development!

Feb 01, 2017 01:25 PM #17
Ambassador
2,771,048
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - Excellent market report for Surfwood Monterey condos. As our strong seller's market pushes our prices up, I have used your regular reporting on this complex to gage how quickly we're becoming like Pasadena - we still have a ways to go, but we're closing in.

Feb 01, 2017 01:56 PM #18
Rainmaker
2,189,557
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Hey Michael: Secured parking, does that mean you park behind a gate and nobody can get in without a card? I seem to zero in on some of your terminology since it's verbiage for things I don't often hear in Sacramento.

Feb 01, 2017 07:02 PM #19
Rainmaker
3,307,632
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thank you for stopping by and your comments on this real estate update for the Monterey Hills community.   

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents --- in this particular complex, the parking is gated and there is access via key or remote control for residents.   Parking in Surfwood Monterey is on the ground level and there are two elevators that lead residents to their floor.  I appreciate your questions.  

Feb 02, 2017 07:04 AM #20
Rainmaker
2,189,557
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Michael Jacobs I figure if I have those questions, others might as well. Elevators are very much appreciated for those who grocery shop and need to transport bags from the car into the house.

Feb 02, 2017 08:22 AM #21
Rainmaker
3,307,632
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

You're absolutely correct about that Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents.  Most of our complexes have elevators but there are more than a few "garden" style condos in the areas I cover that do not.   It's all in knowing the details.   

Feb 02, 2017 09:44 AM #22
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,307,632

Michael Jacobs

Los Angeles Pasadena 818.516.4393
Ask me a question
*
*
*
*
Spam prevention

Additional Information