About Los Angeles' Mar Vista

Great News! Congress passed a compromise bill to reinstate the FHA loan limit to $729,750.

This limit is important to high-cost areas, such as Los Angeles and Orange counties. This increase is expected to become law and will be in effect for all FHA loans funding through 12/312013.

Keep in mind the unfortunately only affects the FHA loans. The good news is if you are a buyer in the $700,000-$900,000 price range now you are not shut out in the ability to purchase a home.

session of Congress tonight. (Photo by Pablo Martinez Monsivais / AP

At this time the conforming limits for Fannie Mae and Freddie Mac loans remains at $625,500. Why the politicians did not include this in the same move is beyond me. I am just grateful that every little bit will help on moving the market forward.

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 310.486.1002 email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

Considering selling your home in Mar Vista? We have a list of buyers who missed out on our Mar Vista listings. Many of them, including their agents, ask us to contact them when we have a new home coming on the market. This is opportunity knocking at your door. I

We have a growing list of qualified buyers for homes in Mar Vista. Buyers who have lost out on our listings, and are still looking for a home. From $700,000-$1,00,000. If you feel your home in Mar Vista fits this criteria, please contact us immediately at 310-737-8173. They are waiting, don't you wait as a seller.

Our goal is to connect sellers and buyers, please contact us to connect your home with our buyer list.

'As featured in Mar Vista Mom'

4025 Beethoven Street $799k / Standard Sale / Call or Email for Details & Showing Times

Description

FABULOUS FAMILY HOME! MARINA ADJ. SPACIOUS TWO-STORY 3BR/2.5 HOUSE INCLUDING MASTER BATH W/SPA TUB, DETATCHED 2 CAR GARAGE PLUS 4TH BEDROOM & EXTRA 3/4 BATHROOM GUEST UNIT. LONG, GATED DRIVEWAY FOR EXTRA PARKING - FRONT YARD AND PRIVATE BACK YARD W/REDWOOD DECK & MATURE LANDSCAPING - FULL SECURITY SYSTEM & WIRED FOR DSL/SATELLITE/PHONE - CALL LISTING AGENT FOR APPOINTMENT TO SHOW ONLY / NO SIGN DO NOT DISTURB OCCUPANT - STANDARD SALE. NO PERMITS

Close to everything including the 90 Freeway & the beach, every store you could mention, restaurants & really too many to mention. Drive around the neighborhood and you'll be amazed! French doors that lead to the back deck/patio. Lots of trees, plants & greenery everywhere! Great small garden as well! The garage has been upgraded with painted walls & painted ceilings. The garage can be used as a studio for work or play, it has carpeting, four very large closets and plenty of space... The neighbors are great too and very friendly! People take pride in the area & their property!

MORE PHOTOS

For non-locals looking to relocate and buy a home here, the terms West Los Angeles and the Westside can be a litttle confusing. Does that include the real estate markets in Palms and Mar Vista as well? And maybe even Beverlywood and Cheviot Hills? The answer is both yes and no... actually yes.

West L.A. has most closely come to mean the neighborhoods in a broad area around the intersection of the Santa Monica (I-10) & San Diego (405) Freeways. I like to think it's really everything between the older cities of Beverly Hills and Culver City to the east, and Venice, the Marina , and Santa Monica by the ocean.

In my mind as a native of 50 years (more or less,) the unifying factor of the West Los Angeles real estate market from Santa Monica Boulevard south to the Marina Freeway is that most of these homes were originally two to four bedroom, post-war tract homes. It's hard not to include some parts of Santa Monica and Westwood in this definition too, though the prices are a bit higher.

Except for later developments and a few older pockets, the neighborhoods of Palms, Mar vista, and yes West L.A. all feel very similar. Though they vary in property sizes, ages, and price ranges, these areas are all very nice, orderly suburban neighborhoods. There are also plenty of multi-unit tracts from the period with attractive 2, 4, and 8-unit properties.

I'm also always tempted to lump the slightly older developments of Cheviot Hills, Beverlywood, and even Ladera Heights and the Baldwin Hills to the east into this category as well, not to mention the many neighborhoods of the same type to the south in Westchester (west of Inglewood.) Homes in these areas are actually some of the best deals in town.

The rest of the Los Angeles Basin proper is increasingly dominated by pre-war (and older) developments and more uban areas as you head east towards Downtown and north towards Hollywood.

I hope this is helpful. Look for more blogs in the future detailing the opportunites available in these West L.A. / Westside neighborhoods. You can always find all the properties currently listed for sale in these areas on my website. http://jonesresortproperty.com/id33.html