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New Listing on the Wilshire Corridor

The Wilshire

The grand dame of the Wilshire Corridor, The Wilshire, has a condo for sale.

#16SE is a 2 bed 2.5 bath 3,111 sq. ft. unit beautifully upgraded with open dining, living and media areas.  The views are spectacular.  There is a den that can can be converted back to a third bedroom.  The price is $3,249,000 and it can be purchased for $3,499,000 with top of the line furnishings.  The unit also has a wine storage locker.

The Wilshire is a full service building with 24/7 concierge and valet, pool, sauna, exercise room, banquet facilities and more.  Live in the lap of luxury.

Search The Wilshire condos for sale and lease

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

New Condos for Sale on the Wilshire Corridor

Below is a list of new condos for sale on the Wilshire Corridor

The Californian - 10800 Wilshire Blvd., Unit 901

Californian

There is one new listing at The Californian.  It is  a 2 bed 2.5 bath, 2,640 sq. ft. unit for $1,449,900.  There are presently 7 units for sale.

7 units have sold over the past year for an average price of $2,357,143.  Average days on the market were 246.

Search condos for sale at The Californian

 

The Dorchester - 10520 Wilshire Blvd. PH #1

The Dorchester

The new unit at The Dorchester is a 5 bed 5.5 bath, 5,919 sq. ft. penthouse for $5,000,000.

There are presently 5 units for sale at an average price of $1,846,000 and there were 9 sales over the past year with average sales price of $800,556.  Average days on the market was 75.

This sale will be an interesting one to watch.

Search condos for sale at The Dorchester

 

The Wilshire House - 10601 Wilshire Blvd. Units 804 and 501

Wilshire House

There are two new condos for sale at the Wilshire House, #804 a 2 bed 2.5 bath, 3,000 sq. ft. unit for $1,760,000 and #501 a 2 bed 2.5 bath, 2,036 sq. ft. unit for $1,490.

There are 5 units presently on the market at an average price of $1,707,800.

2 units sold over the past year at an average price of $1,637,500.  Average days on the market was 262.

Search condos for sale at Wilshire House

 

The Park Wilshire - 10724  Wilshire Blvd. Unit 1008

Park Wilshire

There is one new condo on the market at The Park Wilshire.  It is a 2 bed 2.5 bath, 1,686 sq. ft. unit for $799,000.  There are a total of 9 units on the market at an average of $1,208,111 with an average days on the market of 116.

6 units have sold over the past year for an average of $991,667, with an average days on the market of 197.

Search condos for sale at The Park Wilshire

 

The Westholme - 10590 Wilshire Blvd.

Westholme

There is one new unit at The Westholme.  it is a 2 bed 2.5 bath, 2,162 sq. ft unit for $924,900.  There are 5 units for sale at an average of $783,380.

Search condos for sale at The Westholme

 

2 units have sold over the past year with an average price of $442,500 and days on the market of 79.

The Wilshire Selby West - 10751 Wilshire Blvd.

Selby West

There is one new unit at the Wilshire Selby West, a 1 bed 2 bath,. 853 sq. ft. unit for $394,000.  There are 4 units for sale at an average price of $366.975 and 2 units have sold over the past year at an average of $387,500 with average days on the market of 59.

Search Condos for sale at Wilshire Selby West

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

St. John's Wood - 1730 Sawtelle Blvd, West Los Angeles

St. John's Wood

Having lived near St. John's Wood in North West London, I was tickled to see that it followed me to Los Angeles.

St. John's Wood at 1730 Sawtelle Blvd. in West Los Angeles is the second project in what is know as the "Britishfication of Sawtelle" by Peter Wilson, a Brit himself.

This FHA approved green condo project has already sold 25 out of 55 units in 3 weeks.  2 bed 2 bath units up to 1,250 sq. ft. are priced from $439,000 to $499,000.  2 bed 2 bath loft-style units are up to 1,400 sq. ft and priced from $559,000 to $599,000. The ceilings in the units are 9 ft ceiling and in the lofts 16 ft, with beautiful features and appliances.  Views are towards the ocean, Culver City and Venice.

Sawtelle Blvd. is at the heart of West Los Angeles and if you like an eclectic mix of food there are restaurants galore.

Sawtelle also has an excellent Walk Score, 87 out of 100, from Google Maps.  There is no shortage of activities and venues in the area.

Search condos for sale in West Los Angeles

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

Santa Monica Ocean Front Properties - The Pacifican - 701 Ocean Ave.

701 Ocean Ave.

701 Ocean Ave is a luxury ocean front property in Santa Monica.  Many of the 32 units have been upgraded and have ocean views.  Amenities include, 24 hour concierge, rooftop pool, spa, exercise room and banquet facilities.

On 2 bed 2.5 bath 2,049 sq. ft. unit sold in the past year for $1,650.00.  Days on the market were 29.

There is presently one 3 bed 2.5 bath, 3,134 sq. ft. unit for sale at $3,340,000.  Days on the market are 120.

There are no units for lease.

Search Santa Monica Properties for Sale and Lease

 

 

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

New Listings on the Wilshire Corridor

Three new properties came on the market this week on the Wilshire Corridor:

The Venezia - 10795 Wilshire Blvd. Unit 204

The Venezia

The last sale at the Venezia was in December 2009, a 2 bed 2.5 bath, 2,056 sq. ft unit on the 3rd floor, for $1,090,000.

The new lisiting is a 2 bed 2.5 bath, 1,823 sq. ft unit for $1,350,000.  HOA dues are $1,100.

The turnover in this building his extremely low, and it will be interesting to see whaat this sells for looking at the direct comp.

The Wilshire - 10580 Wilshire Blvd. Unit 1

The Wilshire

The new listing is a 2 bed 2.5 bath, 2,287 unit for $1,999,000. HOA dues are $2,356.42.

3 units have sold in the past year at an average of $1,996,667.

The Remington - 10727 Wilshire Blvd. Unit 403

The Remington

The new listing is a 2 bed 3 bath, 1,745 sq. ft. unit for $1,199,000.  HOA dues are $2,595.25.

There were two sales over the past year, one on the 19th floor for  $3,300,000, 200 days on the market, and one on the 9th floor for $2,550,000, 69 days on the market.

La Tour - 10380 Wilshire Blvd. Unit 401

La Tour

The new listing is a 3 bed 4 batrh, 3,143 sq. ft. unit for $1,795,000.  HOA dues are $2,797

3 units have sold in the past year at an average of $2,983,333 so this is a good price.

Search Wilshire condos for sale or lease

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

Culver City Music Festival

Yesterday I went down to the Culver City Music Festival in front of City Hall.  This was, in fact, the 16th year of the festival and it is definitely a worthwhile venue.

There are so many of these summer festivals and most of them are on Thursday at the same time. 

The reason I like Culver City's Festival is that it is extremely easy to park and it is not over packed. 

Last night's bands were The Gonzalo Bergara Quartet, a jazz group, followed by Los Pinguos whom I love.  They often play on Third Street Promenade in Santa Monica.  Think Gypsy Kings, think Los Pinguos.

Before or after the entertainment there are plenty of great restaurants and bars in the area.  You won't go hungry.

As you will see, it was difficult to sit down during the entertainment.   

 

Thursday, July 29th, the entertainment will be Yari More.

See you there!

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

Santa Monica Ocean Front Properties - The Pacifican - 801 Ocean Ave.

Pacifican

Looking for ocean front property in Santa Monica, The Pacifican at 801 Ocean Ave. is an excellent choice. Amenities include a pool, spa, and exercise room.

Four units sold over the past year with a median price of $1,132,500.  Days on the market for homes sold was 72.  There are presently no units for sale.  There is a 2 bed 2 bath 1,621 sq. ft unit for lease at $5,800.

Search Santa Monica Properties for Sale and Lease

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

Think Making Homeowner Association Monthly Fees Are Less Important? Think again!

Very important information from Gene re what is happening to homeowners in default on their HOA dues, by even a couple of months.  Thank you Gene.

Via Gene Mundt (Chicago Bancorp):

 Gene Mundt Chicago Bancorp Mortgage Ap pic

    

     I wish I could tell you that I am surprised at some of the issues being brought up during the processing of my clients' mortgages these days ... but the element of real surprise is long gone.  It's now become "what will they think up next?"  I certainly gain an education on many topics ... and it's never dull in my lending world.    

     All sorts of credit issues, employment, liens, personal histories, financial accounts, retirement accounts, and more ... for both buyer, seller, and even those providing buyers a monetary "gift" ... are coming under scrutiny.  Detailed explanations are being demanded for everything.  You don't comply, you don't close.

     Now, it seems, there is to be one more issue to face ... and many lenders will likely be confronting it increasingly often and asked for clarification of circumstances during future processing.

     That's the growing number of rigid and aggressive stands Homeowner Associations in many states are taking on overdue HOA fees.Gene Mundt Chicago Bancorp Military Homecoming pic  Liens and Foreclosures are resulting from these actions! 

    

     This point was driven home to me when reading a recent article on www.npr.com, the National Public Radio website.  This article told of an Army National Guard commander that served our country in Iraq just last year. 

     While in Iraq on mission, his wife called him in an almost hysterical state.  The Homeowners Association that represented their subdivision in Texas had foreclosed on their $300,000+ completely paid for home.  His wife had missed making only two payments.  Someone had taken advantage of their delinquency and purchased the home through the court system for just $3,500 ... the amount outstanding on HOA dues and the Association's legal costs.

    

     There are 33 states across our country that have ruled that Homeowner Associations need not even go before a judge in order to collect on liens they have placed on properties.  In many of these states, foreclosure is also allowed on these liens ... Texas being one of those states.  This is called nonjudicial foreclosure.  (Additional information regarding Foreclosure Procedures by State). 

     In most instances, dues may not make up the majority of the dollars owed in a lien ... as legal costs are paid by the homeowner as well.  As the economy has grown worse, HOA's have become increasingly more forceful in their pursuit of delinquent association fees.  In Texas alone, what WAS the cause of only 1% of foreclosures, has now grown to 10%+ presently.Gene Mundt Chicago Bancorp Subidivision pic

    

     This is information that everyone in the real estate industry should be aware of.  The chances of this popping up during processing of a home will be rising in many areas, whether the sale is involving individual homeowners or lenders. 

     Homeowners, (depending on the laws of their states), entering into purchase transactions that involve HOA rules and fees MUST be educated and alerted to the importance of making timely payments ... and the ramifications they will face if they do not do so.  There could be extreme consequences.

     There is some good news regarding the commander and his family from Texas.  In 2003, Congress passed the Servicemembers Civil Relief Act.  This Act is meant to protect service personnel and to prevent nonjudicial foreclosures against those actively fighting overseas.

     The commander and his family hope that a judge rules that the Homeowners Association acted illegally, and that the sales transaction will be nulled, and their home will be returned to them.  The case is currently slated for court at the beginning of the coming year.  

                            

www.genemundt.com

gene@chicagobancorp.com

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

Santa Monica Ocean Front Properties - The Oceanaire

The Oceanaire

The Oceanaire at 535 Ocean Ave. in Santa Monica is one of the exclusive ocean front properties in Santa Monica.  Built in 1963 by architect Quincy Jones, the building was remodeled in 1991.  The units take advantage of the light and the building provides a resort-like atmosphere.

5 units have sold in the past year with a median price of $2 million.  Average days on the market for those properties was 72.  There are currently no units in escrow.  Median price sold vs median list price was -13%

There are currently 2 properties for sale.  One is a 2 bed 2.5 bath 1,585 sq. ft. unit for $2,195,000 with homeowners of $1,333 per month. This unit has been totally remodeled.  The other is a 3 bed 2 bath 1,899 sq. ft. unit for $1,899,000 with $1370 homeowners. There is one 2 bed, 2 bath 1,585 sq. ft unit for lease at $10,200.

Search Santa Monica Properties for Sale and Lease

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

"30 Seconds of Awesome" in Westwood

UCLA  architecture graduate student, Krisztina Jozsef had the idea of organizing 30 seconds of "pedestrian only" time at the  busy diagonal intersection of Westwood and Le Conte in Westwood Village with a couple of dozen playing in the street between light changes, a total of  30 seconds.  

The activities in the street included, tug-of-war, water balloons, hula hoop, limbo, and even volley ball, and this wall all accomplished before the lights changed.  The guy in the orange suit giving them time updates is their professor.

What was the point?  Urban activism, or "reclaiming public space."  Ms. Jozsef looked at the correlation between childhool obesity and the build up of cities and she wanted to demonstrate a way to use what already exists in a more physical way.

 

 

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale