Irvine, CA

Irvine Real Estate is HOT! Corona del Mar Properties along with Collins Commercial has a new listing available. If you are in the market to purchase Irvine Commercial Real Estate then you have found what you are looking for! This property is well maintained with over 1 Million in upgrades! As you walk through the front doors your eyes will be captured by the beautiful and modern designs. Your eyes will be satisfied with every sight. Your ears will be soothed by the many ponds and your feet will thank you as you gracefully walk along pebble tech flooring. No need to bring your lunch to work a full chefs kitchen is at the palm of your hands. After you eat lunch you can work out in the fitness room or relax in the media room. Your new office building is going to be your home away from home. Nothing was left out during the remodeled of this magnificent building. This truly is Irvine Commercial Real Estate at its finest. Contact me for a private showing of your new Irvine Commercial Real Estate Building!

Property Features:

• High Image 21,876 Sq.Ft Corporate Facility
• High Tech Distinctive Contemporary Architecture
• 10,229 Square Feet of Elegant Showroom/Office Areas
• Multi Media Theater, Full Kitchen, and Fitness Center
• On Site Parking for 65 Vehicles (3:1,000)
• 11,647 Sq. Ft. Warehouse area with Dock High and Grade Level Access with 20' Clearance

Potential Uses:

• Corporate Office/ High Tech
• Internet Media
• Entertainment (TV/Music Production)
• Religious / Social Facilities
• Product Presentation and Display

Purchase Price $5,990,000

Pre-tax or after-tax? That is the question? I'm not a tax professional (I'm a Third Party Administrator for self-directed IRAs). So, check with a tax professional to verify... with that disclaimer out of the way I'll say that income taxes are on sale next year. I mean a red hot fire sale! In 2010 there's something called TIPRA, the Tax Increase Prevention and Reconciliation Act. So why should you care? With TIPRA you can CONVERT pre-tax IRA money to Roth money REGARDLESS OF INCOME. Note I say "convert" and not "contribute". The income limits still apply for contributing to a Roth IRA, but you can convert to Roth no matter how much you earn. That's great by itself but the feds are giving us another perk here. When you convert pre-tax to after-tax retirement money you have to pay the tax on the conversion. The perk comes in 2010, because of TIPRA. You can split that tax consequence over 2 years. Basically it works like this. January 1, 2010 you convert your Traditional IRA to a Roth. You don't have to write a check for 50% of that conversion until April 15, 2012! The second half would be due April 15, 2013. Conventional wisdom would say pay taxes now while they're low. You & your CPA can determine what's right for you. You can self-direct most retirement accounts and use these dollars to buy real estate (or basically anything except life insurance or collectibles) IRS Pub 590. That's what I do, I provide self-directed IRAs so people can take control of their retirement dollars and invest where they like. www.uDirectIRA.com

If you could ask any question about how to self-direct your retirement savings, what would it be? Go to this website: http://www.justaskkaaren.com/ Ask your question then join us for a live 60-minute LIVE, Teleseminar Interview by expert business coach Larry Gassin to hear your questions answered. Date: Monday Nov 9th Time: 4:00pm PST Cut & paste this link in your browser to ask your question - http://www.justaskkaaren.com/

There are less short sales & REOs on the market today compared with a week ago, (when there were 16).

The number of short-sales in "backup offers" status is now 26.

Of the 50 active Woodbridge listings, 10 are short sales & 2 are REOs.

The list-prices range from $320,000 for a 1,000 square foot, 2-bedroom short-sale condo, to $1,399,000 for a 3,400 square foot lake-view 4-bedroom SFR.

26 Woodbridge homes sold in October, and these prices ranged from $281,000 for a 917 square foot 2 bedroom, 2 bath condo, to $1,130,000 for a 3,495 square foot 5 bedroom, 4 bath SFR.

Of the sold homes, less than 20% had special conditions, (1 was a short sale, 4 were REO's). The others were all standard sales.

Let's see how many short sales close in November.....

38 of the 57 Woodbridge homes currently on the market for sale, (or two thirds of all properties), are standard sales. The other listings are short sales, (16 homes), and REOs, (3 homes).

As far as Woodbridge lease listings go, right now there are 72 available. These range in price from $1,275 per month for a 1-bedroom condo, to $3,800 per month for a 4-bedroom SFR.

My beautiful 5-bedroom listing at 1 White Birch has just been reduced in price to $2,950 per month. It's on hold for a couple of days while the handyman & painter do their stuff.