About Los Angeles' Monterey Hills

Monterey Hills Real Estate - February 2012 Market Recap

Monterey Hills Real Estate - Realtor Michael Jacobs

The Monterey Hills community is located within the city limits of Los Angeles and offers a variety of condominiums, townhomes and one single family development in a planned environment. Most individual communities within Monterey Hills offer a pool, spa and a recreation/meeting room with some complexes boasting saunas, tennis/sports courts and other amenities.

The desirable close-in location offers a relatively easy commute to Downtown Los Angeles, the San Gabriel and San Fernando Valleys and Los Angeles' Westside. Despite this highly convenient location, Monterey Hills remains somewhat of a hidden treasure unknown to many. In 2011 a new grocery store, Fresco Community Market opened in the community of Hermon just down the hill from Monterey Hills on Monterey Road between Via Marisol and Avenue 60 - a greatly appreciated addition to the community.

Fremont Villas in Monterey Hills

The first communities in Monterey Hills were constructed in 1979 with Bradley Court the 16 unit single family community constructed in 2000. Other communities range in size from 20 units to 198 units. Condominiums are generally one bedroom to two bedroom/den floor plans and range in square footage from approximately 650 square feet to over 1500 square feet with subterranean parking. Townhomes with private garages have either two or three bedrooms and some have bonus rooms, dens and additional storage.

Eaton Crest in Monterey Hills

There were three reported sales in February 2012 in Monterey Hills according to our local multiple listing service. Closed sales ranged in price from $155,000(one bedroom short sale in Eaton Crest) to $295,000(two bedroom, two bath unit at Stanford Terrace). Average sales price was $230,000 and the median was $240,000. In February 2011, there were two sales: a two bedroom, two bath unit in Hudson Terrace which closed at $290,000 and a Muir Terrace two bedroom/den bank owned unit at $238,000.

Currently, there are seven Monterey Hills properties currently available on the market for sale ranging from $189,000(short sale in Temple Terrace) to $385,000(Portola Terrace townhome). 15 properties are in escrow ranging in price from $160,000(Temple Terrace) to $465,000(Bradley Court short sale).

Bradley Court in Monterey Hills

If you would like to know more about Monterey Hills, contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Discover Marshall Villas Townhomes in Monterey Hills

Marshall Villas in Monterey Hills

Built in 1983, the 74 home Marshall Villas townhome community offers Mediterranean-inspired architecture in the convenient yet relatively unknown Monterey Hills area within the city of Los Angeles. Marshall Villas boasts beautifully landscaped grounds, a pool, spa and clubhouse(this has been the voting precinct in Monterey Hills for as long as I can remember).

Year to date 2012, there has been one sale at Marshall Villas. This home has two bedrooms, two and one half baths, den, renovated kitchen and one of the largest terraces in the community with great views. The square footage is approximately 1808 square feet. It was listed for $429,000 and closed March 1 at $415,000. Currently, one property is offered for sale. It is the same basic configuration at the sold home but with approximately 1824 square feet and features many updates and upgrades including flooring, fixtures and features. It is offered at $535,000 and has been on the market as of this date for 144 days.

In 2011 there were two sales in Marshall Villas(both were short sales). A two bedroom plan with approximately 1682 square feet sold in November for $370,000 and a two bedroom plan with approximately 1469 square feet sold for $335,000 in September.

According to our local multiple listing service, there were five sale in Marshall Villas. The closed prices ranged from $370,000 to $440,000 with an average sales price of $401,000 and a median sales price of $400,000. Two of the transactions were short sale, one was bank owned and the other two standard sales.

Discover Marshall Villas Townhomes in Monterey Hills

Marshall Villas in Monterey Hills

Stanford Terrace in Monterey Hills

Stanford Terrace is a 39 unit condominium complex located in the Monterey Hills area with the city of Los Angeles, Built in 1983 the Stanford Terrace is located at 4275 Via Arbolada with many of the homes offering some of the most fabulous views in the area. There is a pool and spa.

There are no currently listed properties for sale in Stanford Terrace - hmm, maybe you know of someone interested in knowing the current values in the building. So far this year, a two bedroom, two bath with an optional bonus/office space with approximately 1551 square feet sold for $295,000.

In 2011, there were four Stanford Terrace sales according to our local multiple listing statistics. All were standard sales(one was a flip purchased at a trustee sale). The sales ranged in price from $210,000(two bedroom/one bath, nice view, top floor) to $305,000(two bedroom, two bath, second level unit).

2010 reflected two sales - one standard and the other a short sale. An approximately 1475 square foot three bedroom(two/den) plus two bath sold for $310,000 and the other was a two bedroom/two bath with approximately 1203 square feet that closed for 329,000.

If you are a current owner or possible Monterey Hills buyer, I would be happy to answer any questions regarding Stanford Terrace or any community. I can be reached by cell/text at 818.516.4393 or michaeljacobs@coldwellbanker.com.

Stanford Terrace in Monterey Hills

29 Reasons Why Living in Monterey Hills May Be A Good Match For You

In honor of Leap Day, 2012 here are 29 reasons why living in Monterey Hills may be a good match for you:

Budd Weiner Park in Monterey Hills

• Do you like condos? Monterey Hills is home to the following condominium complexes: Eaton Crest, Austin Terrace, Wilson Summit, Stanford Terrace, Harte Terrace, Chadwick Terrace, Catalina Terrace, Linden Heights, Drake Terrace, Hudson Terrace, Huntington Terrace and Muir Terrace.
• Prefer a townhome? Maybe one of the following could be the home for you: Chapman Townhomes, Cabrillo Villas, Portola Terrace, Fremont Villas, Vallejo Villas or Marshall Villas.
• Can't decide between a condo and a townhome? Temple Terrace is a Monterey Hills complex with both townhomes and condominums.
• How about a single family home? Bradley Court is a 16 unit community built in 2000.
• Like a spot you can go and people watch or watch the world go by? You'll enjoy Budd Weiner Park right in the middle of Monterey Hills.
• Great for pets! See cats sunning themselves in windows or watch as dog walkers enjoy the scenery while Fido gets his workout.
• Speaking of workouts -- try the loop along Via Marisol, Via Arbolada, Via Mia and around Monterey Road --- you may just forget the gym and the stairmaster when you live in Monterey Hills
• The beautiful purple blooms of the Jacaranda trees
• Enjoy community pools, spas, tennis courts, recreation rooms, saunas, fitness centers and more(amenities vary by complex)
• Choose the size of community that fits you from 16 to 198 units.
• Some floor plans un Monterey Hills offer a split master bedroom suite - perfect for roommates.
• USC Health Science Campus is approximately four miles from Monterey Hills
• Can you say investment opportunity?
• Freeway close - Arroyo Seco Parkway is down the hill and the 10, 210, 134, 10 and 60 are easily accesible making commuting from Monterey Hills a lot easier.
• Check out the scene - trendy, hip and emerging Highland Park is nearby
• Weekly Farmers Markets -- oh the choices! South Pasadena, Highland Park, Pasadena, Eagle Rock, Alhambra, El Sereno and Pasadena
• Hermon Dog Park
• Shop, Dine and Be Entertained in Old Town Pasadena, Main Street Alhambra, Americana at Brand and Glendale Galleria
• Gold Line Metro Station at Highland Park and Mission Stations
• Variety of floor plans from one bedroom to three bedrooms
• Monterey Hills Jazz Festival
• Get involved: The Monterey Hills Federation, Arroyo Seco Neighborhood Community or your own Homeowner Association
• Fresco Community Market - discover organic foods, in-store bakery and butcher and so much more
• Debs Park and Audobon Center -- who would have guessed this oasis existed in the city and so close to Monterey Hills
• Did we mention the views? Yes, the views.
• A true hidden treasure - your friends will say Monterey Hills? You can let them in on one of the best kept secrets in Los Angeles
• Rolling hills and beautiful landscaping
• Scary Collis is a fun annual Halloween event just down the hill on Collis Avenue
• 29??? Hmm, the only thing missing in Monterey Hills may just be YOU

Eaton Crest in Monterey Hills

Eaton Crest in Monterey Hills

Built in 1981, Eaton Crest is the largest complex(with 198 condominium units) in the planned community of Monterey Hills. Although Monterey Hills, in Los Angeles, is approximately six miles north of Downtown Los Angeles off the Arroyo Seco Parkway, many people will look at your quizzically should you tell them you live in this idyllic hillside community. Despite this high convenient location, when I have driven buyers to Monterey Hills for the first time, it's like discovering a hidden treasure. Prices are quite reasonable when considering nearby areas and the amenities offered.

Eaton Crest is located at 4499 Via Marisol and a smaller building at 4589 Via Marisol. The grounds and hardscape have been extensively renovated over the past couple of years and the complex repainted. A pool, spa and meeting room enhance the overall appearance of the complex.

In 2012, there have been two sales in Eaton Crest: a one bedroom short sale closed for $155,000 without being exposed to the market and a two bedroom/two bath bank-owned unit sold for $240,000. Currently, a bank owned two bedroom, two bath unit with den is available on the second floor of the 4499 Via Marisol building for $229,000. There are two units in escrow a two bedroom, two bath standard sale at $229,000 and a bank owned two bedroom, one bath at $216,499.

There were eleven sales in 2011 at Eaton Crest. Four of those sales were bank owned, two were short sales subject to lender approval, four were regular sales and one was a probate sale without court confirmation. Interesting two of the regular sales were offered for sale fully furnished --- a fairly unusual offering. The sold prices in 2011 ranged in price from $187,950 to $302,000 with an average sales price of $243,344 and a median sales price of $240,000

There were seven Eaton Crest condominium sales in 2010. Closed sales prices were $243,000 to $352,000 with one short sale in the mix. The average in 2010 at Eaton Crest was $294,286 and the median $284,000.

Would you like more information regarding Eaton Crest or the Monterey Hills area? Contact Michael Jacobs at 818.516.4393 cell/text or michaeljacobs@coldwellbanker.com.

Eaton Crest in Monterey Hills

Eaton Crest in Monterey Hills

Eaton Crest in Monterey Hills

Eaton Crest in Monterey Hills