Los Angeles, CA

Very spacious 5 Bedroom / 3 Bath home. This 2 story house features a newly painted interior and exterior, open living / dining / kitchen concept downstairs with tile floors. Also located on the first floor are 2 bedrooms with gleaming hardwood floors, a full bath with a modern flair and a laundry room. Upstairs are 3 more bedrooms including the very spacious master suite with Juliette balcony. There's a detached 2 car garage in the gated back yard plus a small grassy area. Great location minutes from lots of trendy shopping, dining and entertainment

As with all distressed properties, short sales and bank owned foreclosures, the listing are very volatile and change on a daily basis. If you are interested please contact me a.s.a.p. at 310.505.5571

5 BEDROOMS / 3 BATHS / 2427 SQ FT / 5100 SQ FT LOT LIST PRICE $690,000 -→$631,750

Contact me at 310.505.5571 or email, BOB_SCHMALZ@WLAREGROUP.COM if you would like to see the full listing or to make an appointment at your convenience for this property or for any West Los Angeles or Santa Monica Real Estate

You know you always wanted that cool loft living when you saw it in movies like "Ghost" and "Flashdance"; that old abandoned warehouse with the retro, industrial elevator and large roll-up door just added to the rustic charm and city ambiance.

These types of lofts do still exist yet they have been given a face-lift coupled with urban flair. Take for instance the Biscuit Company Lofts in Downtown L.A.

Originally constructed in 1925 as the West Coast headquarters of the National Biscuit Company and designed by EJ Eckel who was the Dean of American architects. At the time, this 7 story sky-scrapper was a symbol of iconic design in downtown Los Angeles. Built for an original price of over $2 million, this sensational icon became a staple fixture in the industrial area of L.A.

Now known as the Art District, in 2006 the Biscuit Company got a $25 million renovation and new life was brought to this iconic building. Over 104 units were divided and separated into individual condos and lofts and sold almost immediately when they opened in 2006.

Units range from single story lofts, two story penthouses to the ultimate creme-de-la-creme super-penthouse at the top which originally sold form $3.2 million. Spaces span from 625 to over 3,500 square feet and have dozens of amenities, features and designs. This is truly a one-of-a-kind living experience where no two units are the same. This is due primarily because Alcks Instanbullu Architects chose to respect the natural grain of the building and parameters while crafting distinct shapes and color schemes to match the rustic and original charm of the building.

If the design and structure itself wasn't enough, the location will send you over the edge. Sitting in the Art District of L.A. the Biscuit Company Lofts are directly across the street from Joe's Downtown Market. This eclectic and organic type grocery store is receiving rave reviews from all surrounding locals. One reviewer writes, "For far too long getting your hands on groceries in Downtown LA has been akin to finding a needle in the proverbial haystack; that's to say pretty darn tough. Sure, there's the Mitsuwa Japanese Market, but with limited hours and emphasis on Japanese food, sometimes they just don't have what you're looking for. Enter Joe's Downtown Market newly opened on the ground floor of the Toy Factory Lofts. This small, well-stocked market is less convenience store and more akin to a NYC bodega, offering a large selection of wine, cheese, produce, dairy and bakery delivered breads. While it's not going to satisfy most of your shopping needs, with its easy access and parking, and late night hours (open till 11 pm Su-Th, Midnight Fr-Sat) it's the perfect solution to filling in the gaps between your trips to Trader Joe's or Whole Foods. Feel free to hang out and enjoy a cup of coffee and complimentary WiFi Internet access out front of Joe's Market." - YELP

This is truly an experience not to be missed. With main floor offices, bistros, cafe's and more this location, style and design can't be beat. We would love to show you some of the available homes and lofts currently for sale at the Biscuit Company Lofts in Downtown L.A.

According to Trulia’s latest Metro Movers Report the 5 top Los Angeles zip codes chosen by local Los Angelenos for living are: 91436, 90036, 90066, 90064, and 91604.

Where are these desirable zip codes?

91436 covers upscale Encino which lies in the heart of the San Fernando Valley.

159 single family homes were sold over the past year
Median price $934,000
49 Active listings
Median price $1,000,000
Absorption rate* - 3.82 months

90036 includes the Fairfax district and Park La Brea | Miracle Mile.

91 single family homes were sold over the past year
Median price $950,000
Active listings 25
Median price $999,100
Absorption rate* 3.19 months

90066, covers Mar Vista

260 single family homes were sold over the past year
Median price $726,000
Active listings 51
Median price $688,800
Absorption rate* 2.41 months

90064, covers West L.A., Cheviot Hills and Rancho Park

169 single family homes sold over past year
Median price $906,000
Active listings 41
Median price $849,000
Absorption rate* 3.47 months

91604, is Studio City

232 single family homes were sold over the past year
Median price $805,500
Active listings 74
Median price $999,450
Absorption rate* 3.96 months

*Absorption rate is the number of months inventory (in this case based on the past 6 months sales)
6 months is a balance market
Above 6 months is a buyers’ market
Below 6 months is a sellers’ market

Los Angeles home sellers in the above areas should be doing well. There is little inventory and buyers ready to buy.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/5-top-los-angeles-zip-codes.html#ixzz1liO8Umxj

Where the best place to watch the Super Bowl : it is at Nick & Stef’s downtown Los Angeles of course!

Where is the best place to watch the Super Bowl this Sunday in Los Angeles? Many people are asking themselves this question, in light of the fact that there are many places to watch the Big Game. The answer of course is easy: it is at Nick & Stef’s, which happens to be one of the many Restaurants of the PATINA Restaurant Group. The brain child of Chef Joachim Splichal and Restaurateur Nick Valenti, Nick & Stef’s is also a 2011 Wine Spectator Restaurant award winner.

It does not matter whether you love the sport or hate it. This is an opportunity to relax, eat some great food, and watch the fantastic Super Bowl Commercials which are probably just as interesting, funny and entertaining as the Big Game itself.

If you do not feel like going over to friend’s homes or you do not want to host the Super Bowl Party at your home, then got to this great Downtown Los Angeles Restaurant. It was also voted for being the best Steakhouse in Los Angeles. (In fairness of full disclosure, I have not had a stake in two years and have not been to Nick & Stef’s in about four years)

The Party begins at 2:30pm and kick off will be at 3:30pm and the party goes until 8:30pm. This will be an “endless tailgate buffet”, that means Steak sliders of course, hot wings, chili and for the less “meat crowd” lots of pizza and much more. All this for only $39, Pitchers of beer will be $15 and if you prefer well drinks they will be $5.

Let’s not forget Flat Big Screen TV’s all over the Restaurant so you do not forget what you went there for, once you start eating all this fantastically prepared food.

http://www.patinagroup.com/restaurant.php?restaurants_id=6

http://www.patinagroup.com/superbowlparty/

Nick & Stef’s is located at 330 S Hope St, Los Angles,CA 90071 and 213.680.0330 is a good number to call and reservation is advised

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

I am pleased to announce the sale of 1618 Mountcrest Ave off of Queens Road in the prime Sunset Plaza section of the West Hollywood Hills. My client and I had been looking extensively for a major view home in a prime neighborhood that could be totally slicked up in the next couple of years for under 1 million. Let me tell you, this was not an easy thing to find and when you do find that rare diamond that meets the above criteria, you have to pounce immediately.

I don’t think the photos convey just how explosive the views are. Looking at an unassuming front exterior, one would never guess that there is a four story drop dug into the hillside showcasing unobstructed panoramic views of Downtown LA, Century City, and the entire Los Angeles basin below. Built in 1989, the house is very much move in ready as is. With three bedrooms, 3.5 baths, and just under 2000 sq ft, the floor plan is quintessential hillside living. Every floor/room (with the exception of the bottom floor) has a massive balcony that perfectly frames the jetliner views that encompass the LA fantasy.

Within the last 6 months, I have found that there is obviously quite a demand for these type of REO/bank owned properties. The property was listed at $921,000 and within 7 days there were 8 offers, half of which were cash and as the “Sold” price clearly shows, substantially over list. REO deals in the past have been very quick and easy! Since the Dodd Frank Act, we had acceptance right around the time I left for London in early December and we just recorded yesterday. Side note: When considering purchasing a well priced REO or Short Sale that clearly is going to spark multiples (I am currently in escrow on a short sale I listed and I had 7 offers within one day of showing), come prepared, and do the following things if you are in it to win it: 1) Cash is always king. These escrow are getting harder to close and there is a major influx of cash buyers right now with foreign money looking to scoop up these properties. 2) Keep your contingencies short and your escrow period even shorter. Cash buyers should go in with 14 day escrow periods after bank acceptance if you want to grab the property. Try to conduct your buyer investigations immediately so you know up front the condition of the property. The disclosures are very limited from the banks as they have never occupied the home nor know much about it. We have to put on our detective hats and dig deep to make sure your buying the real deal. 3) Hire Rich Kids Real Estate…having learned from the master of multiples when I was an assistant way back when, there are certain things you can do in advance that will make your offer an even more appealing prospect to the bank. I typically always win multiples..there is a strategy.

I really had to stay on top of this one 24/7. I was in London/Berlin, my buyer was in Mexico, and my transaction coordinator was in Prague. Rich Kids international style, baby…that’s how we roll. The synergy of my team, along with amazing listing agents (Sam Villeda and Rick Beck of Coldwell Banker Sunset Strip) were essential in making this tricky deal happen.

I would also like to give a heart felt thanks to the Royal Gardens Hotel in Kensington London for having a 24/7 business center that was open Christmas Day and allowing me to use your Royal printers/scanners even though I was masquerading as a guest to use your facilities (my flat didn’t have a scanner)…you guys were uber cool and thank you for not charging me the 100 quid I probably would have racked up in there. Even though we were all working on Christmas Day, we had some laughs and it was a fun experience!!

Lastly, I give major props the best clients in the world! Thanks D for being so loyal after 7 years (how can it be this long since I am only 25…was I really practicing real estate since 18…maybe, maybe not, lol). Here’s to adding another amazing property to your Los Angeles portfolio!

Fantastic clients, an awesome closing on a killer home, and a new property in escrow all in January. I’ve got a feeling 2012 is going to be pretty epic!!!!

Love the house? You can live it! We are now looking for a 1 year tenant, $6500/month for a 1 year lease unfurnished or a 6 month fully furnished lease also available (terms on that can be discussed) ready to go ASAP. More to come!