Los Angeles, CA

Downtown Los Angeles Condos | Market Report 2011

02-03-12

Jane Peters - Los Angeles Real Estate (310-473-6919)

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Office: (310) 473-6919

Mobile: (310) 351-9208

Let’s take a look at how Downtown Los Angeles condos fared over the past year.

For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category.

Market absorption indicates the amount of time it will take to sell the existing inventory on the market. Six months is a balanced market; under six months a sellers’ market; over six months a buyers’ market.

Downtown L.A. Market Report

Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated by the low inventory.

91 of the past year’s sales were studios, which are extremely popular and hard to find, especially in good condition. 34 of these were short sales or foreclosures.

Out of the remaining 275 condos sold over the past year, 71 were either a foreclosure or short sales.

The median price has declined slightly over the previous 12 months, but the sold to list price has increased.

Downtown Los Angeles Condo Market

Only two sales in this category were either a short sale or foreclosure.

The media price has increased, as has the sold price to list price.

With a little over six months’ worth of inventory, the $500K to $1M Los Angeles Downtown condos price range is fairly stable, leaning slightly towards buyers.

Downtown L.A. Condos

The over $1 Million Downtown Los Angeles condo market is basically based on two buildings, the Ritz Carlton Residences at L.A. Live, and EVO, and sales in this price range are slow, with over two years’ worth of inventory.

Search Condos for Sale in Downtown Los Angeles

Showing properties 1 - 25 of 127. See more Downtown Los Angeles Condos for Sale.
(all data current as of 2/2/2012)

$199,000 : 312 W 5TH ST, Los Angeles

1 bed, 1.0 baths

Home size: 990 sq ft

Year built: 1923

Days on market: 4
$428,000 : 880 W 1ST ST, Los Angeles

2 beds, 2.0 baths

Home size: 1,323 sq ft

Year built: 1982

Parking spots: 2

Days on market: 4
$179,900 : 746 S LOS ANGELES ST, Los Angeles

0 beds, 1.0 baths

Home size: 650 sq ft

Year built: 1922

Days on market: 7
$239,000 : 108 W 2ND ST, Los Angeles

0 beds, 1 full bath

Home size: 760 sq ft

Year built: 1910

Days on market: 9
$120,000 : 2121 James M Wood Blvd 425, Los Angeles

1 bed, 1 full bath

Home size: 650 sq ft

Year built: 1923

Days on market: 9
$1,725,000 : 1100 S HOPE ST, Los Angeles

1 bed, 1 full, 1 part baths

Home size: 2,310 sq ft

Year built: 2007

Parking spots: 2

Days on market: 10
$139,900 : 360 West Avenue 26 #302, Los Angeles

0 beds, 1 full bath

Home size: 630 sq ft

Lot size: 1.23 ac

Year built: 2006

Parking spots: 1

Days on market: 10
$198,900 : 1477 West 20th Street #2, Los Angeles

3 beds, 3 full baths

Home size: 1,291 sq ft

Lot size: 11,982 sq ft

Year built: 1987

Parking spots: 2

Days on market: 11
$599,000 : 849 S BROADWAY, Los Angeles

1 bed, 2.0 baths

Home size: 1,610 sq ft

Year built: 1930

Days on market: 11
$199,000 : 1425 W 12th St 248, Los Angeles

3 beds, 2 full baths

Home size: 1,030 sq ft

Lot size: 3.38 ac

Year built: 1983

Parking spots: 4

Days on market: 11
$299,000 : 100 South Alameda Street #402, Los Angeles

2 beds, 2 full baths

Home size: 1,186 sq ft

Lot size: 3.17 ac

Year built: 2005

Days on market: 11
$1,475,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,346 sq ft

Year built: 2008

Parking spots: 2

Days on market: 11
$1,650,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,384 sq ft

Year built: 2008

Parking spots: 2

Days on market: 11
$1,525,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2.5 baths

Home size: 2,239 sq ft

Year built: 2008

Parking spots: 2

Days on market: 11
$780,000 : 1100 WILSHIRE, Los Angeles

2 beds, 2.0 baths

Home size: 1,340 sq ft

Year built: 1986

Days on market: 13
$140,000 : 1118 Valencia St 314, Los Angeles

1 bed, 1 full bath

Home size: 926 sq ft

Lot size: 3.38 ac

Year built: 1983

Parking spots: 2

Days on market: 16
$649,000 : 1850 INDUSTRIAL ST, Los Angeles

1 bed, 1 full bath

Home size: 1,052 sq ft

Year built: 2007

Days on market: 17
$334,900 : 999 Figueroa Ter 203, Los Angeles

3 beds, 3 full baths

Home size: 1,356 sq ft

Lot size: 1.16 ac

Year built: 1990

Parking spots: 4

Days on market: 22
$154,900 : 312 W 5TH ST, Los Angeles

1 bed, 1 full bath

Home size: 500 sq ft

Year built: 1923

Days on market: 22
$330,000 : 1234 Wilshire Blvd 613, Los Angeles

2 beds, 2 full baths

Home size: 1,030 sq ft

Lot size: 1.64 ac

Year built: 2006

Parking spots: 4

Days on market: 23
$565,000 : 1100 S HOPE ST, Los Angeles

1 bed, 1.0 baths

Home size: 960 sq ft

Year built: 2007

Parking spots: 1

Days on market: 23
$465,000 : 600 W 9TH ST, Los Angeles

2 beds, 2 full baths

Home size: 1,193 sq ft

Year built: 1983

Parking spots: 2

Days on market: 25
$625,000 : 1111 S GRAND AVE, Los Angeles

2 beds, 2.0 baths

Home size: 1,520 sq ft

Year built: 2005

Parking spots: 2

Days on market: 25
$335,000 : 460 S SPRING ST, Los Angeles

1 bed, 1.0 baths

Home size: 800 sq ft

Year built: 1912

Parking spots: 1

Days on market: 27
$2,850,000 : 1100 S HOPE ST, Los Angeles

3 beds, 3.0 baths

Home size: 3,020 sq ft

Year built: 2007

Parking spots: 3

Days on market: 27

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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:

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.

10 Comments

Wilshire Corridor Market Overview | February 2012

02-02-12

Jane Peters - Los Angeles Real Estate (310-473-6919)

view my blog
Office: (310) 473-6919

Mobile: (310) 351-9208

There are presently 96 listed condos for sale on the Wilshire Corridor.

Three units have been on the market for over two years: two at La Tour, and one at the Marie Antoinette.

Four units have been on the market for over one year: one at The Californian, one at La Tour, one at The Remington, and one at 10560 Wilshire. Wilshire Corridor

12 units have been on the market for over 6 months.

7 units are listed as Short Pay (I am relying on the MLS here): two at the Marie Antoinette, one at 10560 Wilshire, one at The Mirabella, one at Wilshire Selby East, one at Wilshire Selby West, and one coming up at The Grand.

There is one foreclosure noted in the MLS, at The Wilshire Holmby.

One bedroom condos

16 are available from $310,000 to $799,000, with homeowners dues from $500,000 at the Wilshire Selby West, to $2,233 at The Wilshire Terrace.

Two bedroom condos

48 units are available from $355,000 at The Churchill, to $3,100,000 at Blair House. Homeowners dues from $549 at the Wilshire Marquis to $2,987 at The Californian.

Three bedroom condos

There are 20 units available from $399,000 at the Marie Antoinette to $13,795,000 at The Carlyle. Homeowners dues from $1,283 at the Marie Antoinette to $3,370 at The Remington penthouse.

Four bedroom condos

There are 4 units from $735,000 at The Westholme to $11,995,000 at The Californian. Homeowners dues from $1,610 to $3,409.16 respectively.

The new Beverly West is not included in the above overview.

Search Condos for Sale and Rent on the Wilshire Corridor by Price Range

Available 3 -bedroom condos on the Wilshire Corridor

You can also check out the Wilshire Corridor 2011 Market Report.

Showing properties 1 - 25 of 30. See more 3 Bedroom Wilshire Corridor Condos.
(all data current as of 2/2/2012)

$1,356,000 : 10724 WILSHIRE, Los Angeles

3 beds, 3.5 baths

Home size: 2,677 sq ft

Year built: 1989

Days on market: 7
$829,000 : 10433 Wilshire Boulevard #704, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,824 sq ft

Lot size: 31,461 sq ft

Year built: 1963

Parking spots: 2

Days on market: 13
$5,895,000 : 10776 WILSHIRE BLVD, Los Angeles

3 beds, 4.5 baths

Home size: 3,535 sq ft

Year built: 2009

Parking spots: 2

Days on market: 22
$3,199,000 : 10776 WILSHIRE BLVD, Los Angeles

3 beds, 4.5 baths

Home size: 3,535 sq ft

Year built: 2009

Parking spots: 2

Days on market: 22
$945,000 : 875 COMSTOCK AVE, Los Angeles

3 beds, 3 full baths

Home size: 1,937 sq ft

Year built: 1961

Days on market: 25
$1,795,000 : 10375 WILSHIRE, Los Angeles

3 beds, 5.0 baths

Home size: 3,216 sq ft

Year built: 1958

Parking spots: 2

Days on market: 28
$3,975,000 : 10776 WILSHIRE BLVD, Los Angeles

3 beds, 4.5 baths

Home size: 3,535 sq ft

Year built: 2009

Parking spots: 2

Days on market: 29
$3,445,000 : 10660 WILSHIRE BLVD, Los Angeles

4 beds, 4 full, 1 part baths

Home size: 5,383 sq ft

Year built: 1980

Parking spots: 6

Days on market: 29
$239,000 : 1200 Club View Dr, Bakersfield

4 beds, 3 full baths

Home size: 2,719 sq ft

Lot size: 11,096 sq ft

Year built: 1977

Parking spots: 4

Days on market: 55
$1,980,000 : 10551 WILSHIRE, Los Angeles

3 beds, 4.0 baths

Home size: 3,602 sq ft

Year built: 1982

Parking spots: 4

Days on market: 85
$500,000 : 10520 Wilshire Blvd 206, Los Angeles

3 beds, 3 full baths

Home size: 2,076 sq ft

Lot size: 31,569 sq ft

Year built: 1989

Parking spots: 4

Days on market: 106
$2,995,000 : 10601 WILSHIRE BLVD, Los Angeles

3 beds, 3.5 baths

Home size: 2,368 sq ft

Year built: 1982

Parking spots: 2

Days on market: 116
$22,332,800 : 1200 Club View DR, Los Angeles

4 beds, 7.0 baths

Home size: 7,976 sq ft

Year built: 2011

Days on market: 119
$5,147,550 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 119
$4,956,900 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 119
$4,575,600 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 120
$2,450,000 : 10380 WILSHIRE BLVD, Westwood - Century City

3 beds, 3.5 baths

Home size: 3,190 sq ft

Year built: 1990

Parking spots: 2

Days on market: 134
$2,450,000 : 10800 WILSHIRE BLVD, Los Angeles

3 beds, 3 full, 1 part baths

Home size: 3,341 sq ft

Year built: 2005

Parking spots: 2

Days on market: 156
$4,600,000 : 10520 WILSHIRE, Los Angeles

4 beds, 5 full, 1 part baths

Home size: 5,957 sq ft

Year built: 1989

Parking spots: 8

Days on market: 179
$735,000 : 10590 WILSHIRE, Los Angeles

4 beds, 3.0 baths

Home size: 2,038 sq ft

Year built: 1976

Days on market: 208
$11,995,000 : 10800 WILSHIRE BLVD, Los Angeles

4 beds, 4.5 baths

Home size: 6,480 sq ft

Year built: 2006

Parking spots: 4

Days on market: 219
$449,000 : 10787 WILSHIRE BLVD, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,459 sq ft

Year built: 1962

Parking spots: 4

Days on market: 244
$1,650,000 : 10580 WILSHIRE, Los Angeles

3 beds, 3.5 baths

Home size: 2,776 sq ft

Year built: 1991

Parking spots: 2

Days on market: 288
$13,795,000 : 10776 Wilshire BLVD, Los Angeles

3 beds, 3.5 baths

Home size: 5,519 sq ft

Year built: 2009

Parking spots: 2

Days on market: 330
$2,400,000 : 10380 WILSHIRE BLVD, Los Angeles

3 beds, 4.0 baths

Home size: 3,143 sq ft

Year built: 1990

Parking spots: 2

Days on market: 415

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

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

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.

9 Comments

Re-post 3 Simple Tips For Spotting a Good Bankruptcy Attorney in LA (Los Angeles)

02-01-12

Laura Buchanan

view my blog
Office: (323) 686-5400 x2

Mobile: (310) 614-7158
Secondary: (310) 294-9922

3 Simple Tips For Spotting a Good Bankruptcy Attorney in LA (Los Angeles)

Note: When you consider whether to file for bankruptcy and are looking for a good bankruptcy attorney in LA (the Los Angeles area), feel free to call me, bankruptcy attorney Laura Buchanan, at 323-686-5400 ext. 2 for more information.

If you're looking for a good bankruptcy attorney in LA (the Los Angeles area), you're probably stressed out from financial difficulties, and stress can make you emotional and skeptical about anyone, who will charge you a fee for help. Don't take a bankruptcy attorney's word for it; get independent advice from a trusted attorney, who's not a bankruptcy attorney in LA, or from an independent publication. I am a bankruptcy attorney in LA, so here are tips from Best Attorneys Firms Online called 3 Simple Tips For Spotting a Good Bankruptcy Attorney:

These days many Americans face the unfortunate necessity of having to declare bankruptcy because they cannot pay their overwhelming debts. Hiring a good bankruptcy lawyer is a must, especially when you consider the recent changes in the statute and how much more complicated the law has become. But how do you know if you are choosing a good bankruptcy lawyer?

Here are three simple steps to finding a good bankruptcy lawyer:

1. First of all, you need to realize that bankruptcy lawyers have to make money just like everyone else. Unfortunately, this may cloud a person’s judgment, especially when the lawyer only makes money if you file Chapter 7.

Let’s say that you’re looking for a law office to provide a free initial consultation in order to save some money. After all, if you’re considering filing Chapter 7, you don’t have much extra money to throw around. If the lawyer is willing to give a free consultation, he may be more likely to push you in the direction of filing because that’s the only way for the law firm to receive a commission.

good bankruptcy attorney in LA los angeles

You may be better off paying the lawyer for the consultation so as to get the best
advice possible.

2. Make sure that the bankruptcy attorney is listening to your questions and
addressing your specific needs. Every case is different, and you don’t want
someone who is treating you as a statistic or a run-of-the-mill case.

Make sure you feel comfortable asking questions and try to find out what is the
best route for you.

3. Lastly, pick a law firm you’re comfortable with. If it seems like the lawyers are too busy to speak with you and instead relegate you to a paralegal, you may want to look elsewhere. You deserve to receive some attention, especially if you are paying for the consultation as we suggested above.

We also recommend that you continue learning as much as possible about the bankruptcy process to make sure you’re making the right decision. If you do this, you will be better equipped than most consumers and can expect (or demand) closer attention from an experienced lawyer.

From Best Attorneys Firms Online, post 3 Simple Tips For Spotting a Good Bankruptcy Attorney

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Do You Want To Live in Monterey Hills, Yet Not Ready To Buy? Monterey Hills Available Leases

01-25-12

Michael Jacobs, Pasadena CA/SanGabriel Valley Realtor, 818.516.4393 cell

view my blog
Office: (626) 685-5246

Mobile: (818) 516-4393

Do You Want to Live in Monterey Hills, Yet Not Ready To Buy? Monterey Hills Available Leases

Monterey Hills Background:

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 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

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.

Do You Want to Live in Monterey Hills, Yet Not Ready To Buy? Monterey Hills Available Leases

According to our multiple listing service there are currently seven Monterey Hills properties available for lease. They range in price from $1250/month(a one bedroom condo at Chadwick Terrace) to $2500(a 1824 square foot two bedroom townhome at Marshall Villas).

Do You Want to Live in Monterey Hills, Yet Not Ready To Buy? Monterey Hills Available Leases

Obviously this list changes often. For the most up-to-date information please contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com

Monterey Hills Condos - Realtor Michael Jacobs 818.516.4393

Temple Terrace in Monterey Hills

Two Bedroom, Two Bath

$1,495 per month

Pets - subject to landlord approval

Wilson Summit in Monterey Hills

Two bedroom, two bath condominium

$1700 per month

No pets

Chadwick Terrace in Monterey Hills

One bedroom, one bath

$1250 per month

No pets

Marshall Villas in Monterey Hills

Two bedroom, two and one half bath townhome with garage

$2500 per month

No pets

Budd Wiener Park

Monterey Hills

Muir Terrace in Monterey Hills

Two Bedroom/One Bath Condo

$1495 per month

Pets negotiable

12 Comments

940 E 2nd Inventory & Update

01-23-12

Caroline Choi -- Caroline Sells The City -- Los Angeles

view my blog

Mobile: (323) 572-3112

940 E 2nd Inventory & Update

Here's a great option in the Arts District Downtown - the units at 940 E 2nd St. These units are a lovely townhouse style - modern loft style units. There are only two units left priced at $510,000, but not to worry, there are more units in subsequent phases to come. Only downside is that $510,000 are going to be the lowest priced units available as the remaining units will be priced higher than $510,000.

So you know the deal - these are going to go fast so get there before someone else does!

Go DTLA!

Caroline Choi Real Estate
Caroline Sells The City LA
www.CarolineSellsTheCity.com

0 Comments