tag:blogger.com,1999:blog-2983944778720243687.post2098152696026564842..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: Five listings on one block!Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-2983944778720243687.post-6550904276419601152010-06-09T18:35:52.209-07:002010-06-09T18:35:52.209-07:00Hiya i am fresh on here. I stumbled upon this foru...Hiya i am fresh on here. I stumbled upon this forum I find It very useful & it's helped me out loads. I should be able to give something back and help other people like its helped me.<br /><br />Thanks a load, Catch You Around.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-75017806999102334502010-06-09T14:14:46.422-07:002010-06-09T14:14:46.422-07:00Hi-ya i'm fresh on here. I hit upon this websi...Hi-ya i'm fresh on here. I hit upon this website I have found It exceedingly helpful and its helped me out a great deal. I hope to contribute and aid other people like it has helped me.<br /><br />Thanks Everyone, See Ya Around.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-15579989494585853472010-06-06T08:58:18.193-07:002010-06-06T08:58:18.193-07:00Hi i am fresh here, I hit upon this forum I have f...Hi i am fresh here, I hit upon this forum I have found It very accommodating and it has helped me out alot. I hope to give something back & guide other people like its helped me.<br /><br />Thanks, Catch You LaterAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-2259285163196108302010-06-06T05:17:03.569-07:002010-06-06T05:17:03.569-07:00Aloha i'm fresh here, I hit upon this chat boa...Aloha i'm fresh here, I hit upon this chat board I have found It quite accommodating and it's helped me out loads. I should be able to contribute and guide others like its helped me.<br /><br />Thanks, Catch You AroundAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-14480825901883355262010-06-04T18:28:40.054-07:002010-06-04T18:28:40.054-07:00Sup im fresh to this, I came upon this chat board ...Sup im fresh to this, I came upon this chat board I find It very accessible & its helped me loads. I hope to give something back and guide other people like it has helped me.<br /><br />Thanks a load, Catch You About.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-32662154794345171752010-06-04T14:51:19.447-07:002010-06-04T14:51:19.447-07:00Hiya i'm new to this. I came upon this message...Hiya i'm new to this. I came upon this message board I find It extremely helpful and it has helped me out a great deal. I should be able to give something back and assist others like its helped me.<br /><br />Thank's, See You Later.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-92136810792845700032010-03-17T08:23:36.589-07:002010-03-17T08:23:36.589-07:003020 Delawaare sold for $930k,
nice house
Prope...3020 Delawaare sold for $930k, <br /><br />nice house<br /><br />Property History for 3020 DELAWARE Ave<br />Date Event Price Appreciation Source <br />Feb 04, 2010 Sold (Public Records) $930,000 -- Public Records <br />Feb 04, 2010 Sold (MLS) $930,000 -- Inactive TheMLS #09-389825 <br />Oct 06, 2009 Price Changed $949,000 -- Inactive TheMLS #09-389825 <br />Aug 07, 2009 Listed $975,000 -- Inactive TheMLS #09-389825Hankhttps://www.blogger.com/profile/08370498643616547879noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-37538027770197257272009-12-11T10:38:21.242-08:002009-12-11T10:38:21.242-08:00Looks like 2312 27th, with that dug-out-by-hand un...Looks like 2312 27th, with that dug-out-by-hand unpermitted basement with foundation concerns per one commenter above, sold for $913K, or $114K OVER the asking price on 12/04/09. Seems like Sunset Park prices are holding up, if not increasing, for land value alone.Facts and Feelingsnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-26998487240850991832009-12-06T16:32:42.680-08:002009-12-06T16:32:42.680-08:00I'd like to discuss the rent vs buy calculatio...I'd like to discuss the rent vs buy calculation that Happy talked about two months ago<br />_______________<br /><br />HAPPY <br />you are the most "real" person on this blog. keep posting<br /><br />you tell us that you are paying 7500 a month in rent on a house that would sell for 2.3 million <br /><br /><br />ok let's do the math - <br /><br />if i buy your house for 2.3 and then rent it to you for 7500 i am collecting 90 thousand bucks a year. Figure that i pay 1% in property tax or 23 thousand a year <br />and then that i spend 7 thousand on repairs and other nonsense a year <br />that means I clear 60 thousand in my pocket each year <br /><br />That means if i buy the house with all cash, buy the house with 2.3 million in cash from my banking account I get a 2.6% true honest return per year <br /><br />Happy - does this sound correct to you - and if so, would you assume that few people are going to be excited about buying a house with the idea of renting it to you?<br /><br />Another question for the crowd - if someone buys a typical modest humble 3 bedroom 2 bath house North of Montana for 1.7 million today, what can he rent it out for ?<br /><br />I do the math as buy for 1.7 million rent it for 4 thousand a month, collect 48 thousand a year in rent, pay 17 thousand in taxes and 5 for repairs so you clear 26 thousand a year <br /><br />this means if you buy north of montana you get about a 1.5% true honest return on your money<br /><br /><br /><br />_______________________<br /><br />Can anyone here update my numbers? I mean they seem to indicate that renting is a better deal for me than buyingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-41181345481432086532009-12-05T21:39:16.276-08:002009-12-05T21:39:16.276-08:00Its all about the CONFORMING loan of 729K.
If y...Its all about the CONFORMING loan of 729K. <br /><br />If you can put enough down to get a conforming loan, then you have a 30 yr. fixed under 5%....which starts to make sense on a rent vs. buy scenario....<br /><br />Naysayers will flame me for this, but thats what is driving the market right now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-31630113637003380572009-12-04T21:48:38.358-08:002009-12-04T21:48:38.358-08:00Could it have been that long ago (it was last Marc...Could it have been that long ago (it was last March) when excitement focused on fixer/teardown 1213 Oak (2/1.5 in 1,290/6,490 sqft) which went for $800K? Remember being told in several other places that we'd be seeing an additional 20 percent or so decline on such monstrosities; that, wait, good properties would be going for $500K or less in Sunset Park. Oh?<br /><br />Then summer came and saw the following:<br />*Move-in-able but small 2329 32nd (2/1 in 884/7,200 sqft) go for $785K;<br />*Very move-in-able 1601 Oak (2/1 in 1,120/8,460 sqft) go for $850K; and then <br />*Foreclosure-with-water-damage 2432 21st (3/1.5 in 1,202/6,750 sqft) go for $810K.<br /><br />And if, per previous post above, foundation-troubled 2312 27th with its basement dug-out-by-hand, goes for its $799K asking, <br />looks like there isn't much of price difference between a move-in-able Sunset Park and a demolition-able one. <br /><br />Sunset Park certainly does seem to be holding up. What do the SP buyers know that many of us still waiting don't seem to grasp?Facts and Feelingsnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-47902131692256066422009-12-04T16:14:56.508-08:002009-12-04T16:14:56.508-08:00Am I looking at this right - teardowns in the 9040...Am I looking at this right - teardowns in the 90402 are down from 2.2 million to 1.4 million<br /><br />But teardowns in Sunset Park are down from 900k to 800k<br /><br />A much smaller fallAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-26325082562900861302009-12-03T19:38:15.310-08:002009-12-03T19:38:15.310-08:00One factor is that this is the seasonally slow per...One factor is that this is the seasonally slow period...Hold your horses and don't get your panties in a bunch. Check back in early spring and there will be more inventory.WarChestSMhttps://www.blogger.com/profile/12269331482861143128noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-89276126609728961962009-12-03T11:45:24.005-08:002009-12-03T11:45:24.005-08:00Can we get a new thread here?
My family consists ...Can we get a new thread here?<br /><br />My family consists of two parents and two school age kids. We have no need for a McMansion. We are just fine with a house as long as the house has 3 bedrooms or more and 2 and a half baths or more. <br /><br />We are looking to buy a house with 3 bedrooms (or more) and 2.5 baths (or more)<br /><br />We are really pissed off about the lack of inventory North of Montana. If you look at the entire neighborhood from 15th to the border of Santa Monica, North of Montana, there are only two houses for sale that meet our minimum.<br /><br />One of them is 310 22nd which is a bit too big for us (6500 square feet) and the other is 723 22nd.<br /><br />Is anyone else sort of surprised about the lack of inventory? <br /><br />I believe strongly that many people North of Montana took out toxic option ARM mortgages and are headed for forced sale. But where are the houses? What the heck is causing this severe lack of inventoryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-14561586434365262812009-12-02T12:41:04.768-08:002009-12-02T12:41:04.768-08:00It's actually west but who's counting?It's actually west but who's counting?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-82026632729066930102009-12-01T07:27:32.112-08:002009-12-01T07:27:32.112-08:00the last 3 fatal shootings/stabbings in SM have be...the last 3 fatal shootings/stabbings in SM have been on Pico between 18th and 26th st<br /><br />That is EAST of Stewart Park<br /><br />Stewart Park is safer than the nearby neighborhoods - you have the 10 Freeway insulating you from the more dangerous types<br /><br />Stewart Park should sell for a premiumAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-18901158319540280082009-11-26T21:58:27.849-08:002009-11-26T21:58:27.849-08:00Is any one other than me looking for a rental in t...Is any one other than me looking for a rental in the 90402?<br /><br />Has anyone seen this ? The broker has put no photos in the listing - I want to figure out if it is worth seeing. Let me know<br /><br /><br /> <br />List Price: $6,800 <br />Address: 347 24th Street <br />Neighborhood: Santa Monica <br />City: Santa Monica <br />State: CA <br />Zip: 90402 <br />Type: Single Family Residential <br />Square Feet: 3412 (Source: other) <br />Square Feet: 8700 (Source: other) <br />Bed: 5 <br />Baths: 4.50 <br />Status: For Lease <br />View Map (in new browser window) <br />View Property Site <br />Mortgage Calculators <br /><br />Two story roomy traditional. Home features 5 bedrooms + 4.5 bathrooms and a large living room that opens to the backyard with a fireplace and skylights. Each bedroom has its own bathroom. Truly wonderful location North of Montana.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-13781830490961397732009-11-26T21:34:29.733-08:002009-11-26T21:34:29.733-08:00A house just hit the market in santa monica - aski...A house just hit the market in santa monica - asking 27 million <br /><br />Check it out - it is at the corner of 5th and San Vicente!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-5063986512321839732009-11-25T09:44:08.891-08:002009-11-25T09:44:08.891-08:00I would personally not use 2312 27th Street as a c...I would personally not use 2312 27th Street as a comp other than for land value. I viewed the house. According to the inspector I met, the long term owner built the basement himself by digging out the foundation under the house by hand over a number of years. The basement is the full length of the house and, while the work looks decent, again according to the inspector I met, it is neither permitted nor reflected on the public records. As a buyer, I could not get comfortable with the safety risks nor the long term resale potential of a home with a do it yourself basement. Just my two cents worth...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-86655601607255943202009-11-24T22:03:54.723-08:002009-11-24T22:03:54.723-08:00"Stewart Park"-- including that funky, r..."Stewart Park"-- including that funky, retro trailer park -- really has few streets. Tree-lined Delaware is the best, sandwiched between remnants of Exposition Blvd. to the north and Virginia Ave. to the south and straddling the 10. <br /><br />These prices are unrealistic, especially when you consider that 2312 27th in Sunset Park further south (about 1,600 sqft of house on nearly 8,000 sq.ft of land with a full, almost unheard of basement) just disappeared off the MLS after only two weeks or so. It was listed at $799,950 -- now that's a relatively nice price for the area although the house evidently needs updating.<br /><br />Apparently 2312 27th never had a public open house, got multiple offers, and now doesn't even list itself as "Looking for Backup" on the MLS like so many do. Now that's confidence. Will be very interesting to see what it sells for and also what Stewart Park's 3208 Urban, last listed at $769K, gets now that it actually is LFB.Anonymousnoreply@blogger.com