Have You Been Thinking About Selling Your Surfwood Monterey Condo?

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Industry Observer CalBRE #01165532
https://activerain.com/droplet/56RL

Have You Been Thinking About Selling Your

Surfwood Monterey Condo?

 

Maybe This Look At Real Estate Activity For The Los Angeles 90042 Condo Complex May Make You Wonder If This Is The Right Time To Consider Selling  

 

This is a review of real estate market activity for the Surfwood Monterey condominium complex.  The complex is located at 6140 Monterey Road in the Hermon neighborhood in the city of Los Angeles zip code 90042.  This area is 6140 Monterey Road Los Angeles 90042 Affordable Condosalso known as Northeast Los Angeles(NELA) and offers a convenient location that is surprisingly under-the-radar when it comes to awareness.

 

In this report,  I will share information regarding closed sales for the first eight months of 2017 along with a recap of results for the same time periods from the previous two years.  The statistical information that is included has been gathered from our local multiple listing service(MLS) and may not include all transactions in the complex.   

 

Surfwood Monterey consists of 92 single level floor plans with two bedrooms and two baths ranging in approximate size from just under 1000 to nearly 1200 square foot.  Built in 1989, features of the units include:  fireplaces, in unit laundry connections, balcony or patio areas, high ceilings and interesting angled walls.   Some of the top floor units have even higher ceilings and clerestory windows.   

 

Common area amenities in the complex include lobby entrance, two elevators, pool, spa, lounge area and fitness center.  Parking is covered and located on the ground level.  Three courtyards give Surfwood Monterey a more open appearance than is often found in some Los Angeles condo complexes.

 

As I mentioned earlier, the location is highly convenient yet remarkably unknown to many at the same time.  While awareness of the area is growing, I think the value that can be found at Surfwood Monterey makes it a very viable and affordable Los Angeles real estate find.  Multiple freeways and two Gold Line light rail stations are easily accessible making commuting to Downtown Los Angeles, the USC Health Science campus and both the West San Gabriel and East San Fernando valleys a lot handier.  Two parks are located nearby too.   Hermon Park which features an off-leash dog area, tennis courts and open space as well as Ernest Debs Regional Park with picnic area and an Audubon Center enhance the appeal of the area.

 

Surfwood Monterey Condo at 6140 Monterey Road Los Angeles 90042 Hermon Neighborhood

 

  • From  January through August there have been four mls-reported closed transactions ranging from $379,000 to $435,000.   The average list price stands at $410,750(median sales price:  $414,500).   Three of the four sold at or above last list price(number four was 99.8%) for an average 101.68% and a price per square foot of $399.85 per square foot.   Currently, there are no units for sale or in escrow at Surfwood Monterey.

 

  • For the eight month period in 2016, there were also four sales ranging from $375,000 to $434,000 with an average of $400,375(median $396,250).   Each sold above last list price for an average 103.53% and for $388.50 per square foot.

 

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

 

As with any market report, a more in-depth and detailed analysis is necessary for a prospective buyer considering an offer strategy.  The same is obviously true for a homeowner who may be thinking of placing their Surfwood Monterey condo on the market for sale.  While dollars per square foot is relevant, there are other factors that need to be considered.  Location within Surfwood Monterey Condos 6140 Monterey Road Hermon Neighborhood Los Angeles 90042the complex, condition, updates(or the lack thereof), emotional appeal and timing are just a few of those factors.   

 

Inventory of condos available for sale in Surfwood Monterey has been low this year and the high demand in the neighborhood could make this an ideal time for those who may have been thinking of selling.  If you are an owner of a unit in this complex and you would like a FREE market analysis of your Surfwood Monterey condo, I can be reached at 818.516.4393 cell.  

 

I know this complex and community well and can share how you can maximize your net proceeds should you be interested in selling. I look forward to hearing from you.  Let’s discuss what is important to you.   

 

Published:   September 2, 2017

 

Have You Been Thinking About Selling Your Surfwood Monterey Condo?

 

 

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
1,535,635
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Michael Jacobs From the read on your Surfwood Report, this investment would be a sound one for buyers to make if they can find one that is on the market. They had better call you!

Sep 02, 2017 02:29 PM #1
Ambassador
2,769,103
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - From your excellent market report, it seems like now is a great time for homeowners of Surfwood Monterey condos who are thinking of selling to act. The market is ready and eager and your expertise would ensure a quick sale for a great price.

Sep 02, 2017 02:53 PM #2
Ambassador
3,964,851
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Michael

Given the housing statistics it appears now IS a very good time for Surfwood Monterey condo sellers, if they are interested in selling. All they need to do is given you a call so you can help them make the most of this competitive market. Buyers would be thrilled to have another condo or two in that conplex on the market!

Enjoy the rest of your weekend!

Jeff

Sep 02, 2017 04:52 PM #3
Rainmaker
4,400,377
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

MIchael,

I can answer that question, if someone is thinking of selling their Surfwood Monterey condo, there is only one person to call and that is you!   A

Sep 02, 2017 06:21 PM #4
Rainmaker
4,796,904
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Anyone considering the sale of their Surfwood Monterey Condo should call Michael Jacobs at (818) 516-4393.

Sep 03, 2017 04:56 AM #5
Rainmaker
4,064,219
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, great market update for Surfwood Monterey, and affordable being in L.A. and such a great location.  Homeowners thinking of selling should give you a call. 

Sep 03, 2017 07:09 AM #6
Ambassador
3,077,955
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I always enjoy seeing your call to action blog posts. It shall always draw you more clients I feel Michael Jacobs 

Sep 04, 2017 09:57 AM #7
Rainmaker
1,496,276
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Michael, if I was a Surfwood Monterey condo owner thinking about selling, I would be calling you to represent me as the listing agent. 

Sep 04, 2017 10:45 AM #8
Rainmaker
4,064,219
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, you are the listing agent homeowners should call if they are contemplating moving!  

Sep 05, 2017 05:49 AM #9
Rainmaker
4,064,219
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, your market updates are stellar and show your expertise in the area for the Surfwood Monterey condos.

Nov 03, 2018 06:26 AM #10
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Michael Jacobs

Los Angeles Pasadena 818.516.4393
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