tag:blogger.com,1999:blog-2983944778720243687.post4547207645453360860..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: January Inventory, Sold, NewWestside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger48125tag:blogger.com,1999:blog-2983944778720243687.post-2650091175711624752010-02-24T10:01:45.335-08:002010-02-24T10:01:45.335-08:00It is just painful that the 90403 hasn't come ...It is just painful that the 90403 hasn't come down in price as much as some other condo neighborhoods. <br /><br />Some really nice doorman buildings on the wilshire corridor are down to around $300 a square foot for condos. These are buildings with doormen and wonderful views. Meanwhile anything half decent in the 90403 is $600 a square foot.<br /><br />For those of you that don't have to be in the 90403 I refer you over to the following very interesting deal <br /><br />10520 Wilshire Unit: 202 Los Angeles, CA 90024 $641,000 3 Bed, 3 Bath | 1,817 Sq FtAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-1468108543334346172010-02-21T13:26:28.481-08:002010-02-21T13:26:28.481-08:00Can we have more coverage of the houses selling in...Can we have more coverage of the houses selling in the 90402?<br /><br />717 11th Street <br /> Just closed escrow Jan 22 for <br />$1,452,000Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-23297255135068591042010-02-21T11:31:14.644-08:002010-02-21T11:31:14.644-08:00Amiable post and this mail helped me alot in my co...Amiable post and this mail helped me alot in my college assignement. Say thank you you seeking your information.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-15565980720874432122010-02-17T15:45:33.990-08:002010-02-17T15:45:33.990-08:00Hi Guys!
Just found this great forum and found ...Hi Guys!<br /> <br /> Just found this great forum and found it really interesting :) <br /><br />Looking to have some good fun with you people!<br /><br />Cheers :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-35490460269392604612010-02-16T08:34:41.538-08:002010-02-16T08:34:41.538-08:00Anyone else seen
470 19Th Street Santa Monica, CA...Anyone else seen<br />470 19Th Street Santa Monica, CA 90402<br /><br />This is a normal 1988 build asking 3.7 million<br /><br />Is the price for 22 year old houses in the 90402 now back above 3 million ?<br /><br />If so this would be a shocking reversal from the prices of a year agoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-58047334502673546592010-02-15T11:08:30.052-08:002010-02-15T11:08:30.052-08:00"What purpose have they served that you no lo..."What purpose have they served that you no longer need to show this data? Could it be they are no longer "dramatic" and don't serve your purpose of trying to show the Westside is crashing?<br /><br />Show those graphs so we can all see how thing have been leveling off or improving in some areas. These are the same graphs you have been using to prove to us that things are really bad on the Westside."<br /><br />Yep - thats the problem with agenda driven/data laden blogs. When the data shows things are headed downward (and supporting the author's agenda), he is more than happy to show the stats.<br /><br />However, when things turn around and no longer support his agenda of doom, he drops the data points one by one.<br /><br />This is how all blogs die as the data to support their agenda becomes more and more limited as time goes on and prices correct. I expect this blog has 6 months of active postings left - 12 tops...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-56945872004335689572010-02-14T12:31:17.245-08:002010-02-14T12:31:17.245-08:00Nice to get away from the 90402 discussion - let&#...Nice to get away from the 90402 discussion - let's debate other neighborhoods. Below is a write up on Brentwood - anyone here shopping in the part of Brentwood between San Vicente and Sunset, <br /><br />If so do you buy the below distinction that East brentwood has sidewalks and West Brentwood does not?<br /><br />How do you distinguish between Brentwood w sidewalks and without <br /><br />__<br /><br />I do not know Brentwood well. So the below comments will seem simplistic to some of you. But I would divide Brentwood in to four pieces. The interesting restaurants are on San Vicente generally, so I will discuss how easy it is to walk to San Vicente. <br /><br />First of all, part of Brentwood is North of Sunset. Forget this part if you love walking, since to get to the good restaurants you would have to cross Sunset. Crossing Sunset is *not* pleasant as a pedestrian<br /><br />Second part of Brentwood is South of San Vicente. This neighborhood is mostly multi family. Great sidewalks, great pedestrian access, but multi family. So forget this if you want a single family lifestyle<br /><br />Third part of Brentwood is between San Vicente and Sunset, West side of Brentwood. This part of Brentwood is generally known as "Brentwood Park" . The western border of this neighborhood is the street that is called "26th street" or "Allenford" (basically Allenford and 26th are the same street, just named differently depending on where you are on the street)<br />OK Brentwood Park is an all around wonderful neighborhood. Best known as the neighborhood where the OJ Simpson murder took place. But as far as I know there are no sidewalks at all in Brentwood Park. Those of us with 7 and 8 year old kids might feel uncomfortable letting them walk to and from the houses of their friends in the neighborhood since it seems overall more dangerous to have kids walking the streets instead of the sidewalks. <br /><br />The 4th part of Brentwood is the part between San Vicente and Sunset on the EAST part of Brentwood. I am thinking Westgate Avenue and Saltair Avenue - these streets in the EAST side of Brentwood seem to have Sidewalks and so you get the benefit of a green family friendly neighborood with single family homes and the easy walk to the restaurants of San Vicente - and sidewalks.<br /><br />So I know the EAST side of brentwood north of san vicente has sidewalks and the WEST side of brentwood north of san vicente does not have sidewalks. But I have no idea exactly where in Brentwood the transition from sidewalks to no sidewalks takes placeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-28577783348698938862010-02-13T16:37:32.368-08:002010-02-13T16:37:32.368-08:00Uh this is nonsense.
You can't capture what i...Uh this is nonsense.<br /><br />You can't capture what is going on with facts and figures you have to seek out the human stories like the one below. <br /><br />Stories and feelings capture it, not stats<br /><br />___<br />Here is an explanation from someone that grew up in the Franklin 90402<br />....<br />Ironically, even with a very strong combined income, wife and I cannot afford a home in the same neighborhood my gardener lived when I was growing up! He was a decent guy, and I am not making any judgments about working class vs. white collar- we are all just people trying to make it. It is just that I find it ironic that I now couldn't afford his house, even though I have earned an PhD, and my wife is leads a large organization. I actually went to my old gardner's house when I was a boy and purchased a couple of minibikes off of him. It was simple, a 1940's cookie cutter (with great landscaping!) off of Braddock by Centinela. <br /><br />I wasn't born with a silver spoon in my mouth, and back in those days Santa Monica was a sleepy middle class town and we were not rich by any stretch. Today, I would love to live in the neighborhoods of Mar Vista, and when I returned to CA I envisioned purchasing a home around Braddock & Centinela. Of course this was before I came to terms with what an insane asylum the realestate speculators and out of town money had made the Westside.<br /><br />What we didn't account for, and I can vouch for this having lived in several states outside of CA, is the "X Factor." Basically, I didn't take into account that a majority of people in states across the US would give anything, and I mean anything, to live in the Westside/Hollywood/South Bay areas. They migrate to SoCal looking for the "good life" and they bring their parents money and buy into the 90066. <br /><br />These folks bought next to a sketchy housing project (Mar Vista Gardens), they bought next to old-school dudes who cannot even afford to fix and move the cars rotting in their front yards, or guys who live in dilapidated family homes because their blue collar pensions, are too small to keep up with the rising costs in these areas. <br /><br />The X Factor-motivated buyers bought in these areas and paid top dollar (and, as we can see with the current "dead cat bounce" are still buying in these areas even as many people realize the market is correcting) even in the face of the horrible neighborhood characteristics . I suppose that they were looking for a slice of the California dream. To someone who grew up on the Westside, I didn't realize the power of the X Factor until I left town and returned. <br /><br />Me and my wife are here because most of my immediate family still lives around this area. We would love to raise our children in the company of our extended family, however, we are giving the Westside another year (we have been renting for 4 years already) before we relocate to an area that offers a high quality of life (safe neighborhoods, good schools, fun things to do, etc.) and is affordable. <br /><br />If is frustrating to deal with this process, but I'm not special and I'm not entitled just because I grew up in Santa Monica; if we move we will make a great life somewhere else. People have been priced out of their own neighborhoods for decades, so why should it be any different for me? <br /><br />The X Factor keeps drawing people from all over the US (and the world!) to SM/Culver City/Mar Vista, and they are often willing to sacrifice all sanity to "afford" a home in these areas. <br /><br />Sorry about the rant, but it was certainly encouraging to see a fellow native talk about our community and what it has turned intoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-6880073452440902822010-02-12T15:49:15.675-08:002010-02-12T15:49:15.675-08:00Good fill someone in on and this post helped me al...Good fill someone in on and this post helped me alot in my college assignement. Gratefulness you on your information.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-81821853794463290262010-02-09T12:23:43.046-08:002010-02-09T12:23:43.046-08:00Click on the link in the above post.
This site is...Click on the link in the above post.<br /><br />This site is perfect for a collection of family homes. You are allowed to build four separate houses on the piece of property, so Mom&dad can have one house, and each of the three kids can have their own place. <br /><br />There are few places on the West side available right now to build a family compound. <br /><br />This is one of themAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-66804668051992953602010-02-09T12:22:05.177-08:002010-02-09T12:22:05.177-08:00http://www.11101chalon.com/http://www.11101chalon.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-37025193656777744212010-02-09T11:35:59.583-08:002010-02-09T11:35:59.583-08:00Anyone else been inside 708 17th? Interesting des...Anyone else been inside 708 17th? Interesting design job, appealing place. <br /><br />But the layout is too choppy for my taste. Lots of little tiny rooms, not the open layout that I want. <br /><br />Location ain't too good either.. Anyone else ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-496880700693761502010-02-08T18:59:28.588-08:002010-02-08T18:59:28.588-08:00IF anyone can help me, help me out.
Based on you ...IF anyone can help me, help me out.<br /><br />Based on you questions...<br /><br />Seek out a good general contractor for your answers - don't rely upon blog advice, and for god's sake don't try this on your own.<br /><br />Permitting and remodeling in SM is not rocket science or impossible, just get the right professionals involved. There are no bargains, shortcuts, or quickies to sneak past the permit process. Do it right, and be prepared to pay more than you expect.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-76172696509846528852010-02-07T18:12:53.426-08:002010-02-07T18:12:53.426-08:00May I humbly suggest we start a blog to discuss 24...May I humbly suggest we start a blog to discuss 247 20th?<br /><br />This is a 3 bedroom 3 bath. Bank is asking 1.7<br /><br />When I went to look at it the broker told me that the garage had been turned in to a family room without permits. And that an additional bedroom had been built on to the house. Broker did not know if the bedroom was built with permits or without.<br /><br />I know for sure that if I buy this and rennovate the city will force me to re convert the garage in to a garage<br /><br />But what about the bedroom built on ? First of all anyone know for sure if it was built with permits or not?<br /><br />And if it was built without permits, will the city let me have it inspected, make a few changes and keep it - or will the city force me to rip it off and restore to original specs?<br /><br />IF anyone can help me, help me out.<br /><br />And if our esteemed blog host thinks this is a worthwhile topic let's have a new thread<br /><br />We all know the banks have a large number of 90402 houses in various stages of foreclosure - to my knowledge this is the first post foreclosure house to be marked by a bank in the 90402 flats. So I think it is an important one for us to watch closelyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-64594821634844847192010-02-04T14:22:33.814-08:002010-02-04T14:22:33.814-08:00I'm not sure I understand what you are saying....I'm not sure I understand what you are saying. I started thinking about buying two years ago. I read this blog and did some other research and decided not to buy. The decision to rent and not buy has served me well. <br /><br />My cash is building up while I wait, and it is kept safe. I think it is the people who rushed to buy who are suffering, not the people who held back and rented like me.<br /><br />I have decided to sign another one year lease and rent another year. You sound like a bitter buyer when you slam people who have decided to rentAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-83468406146072860342010-02-04T10:48:49.512-08:002010-02-04T10:48:49.512-08:00"Seems like most people are telling me to ren..."Seems like most people are telling me to rent not buy right now NOM"<br /><br />I'm not sure what's more disturbing- that you waste so much of your time (over the last 2-3 years) when you obviously cannot have enough money to buy in 90402, or that you somehow do have enough money and you ask a bunch of anons to help you make your major life decisions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-70260888715779031062010-02-04T08:39:01.862-08:002010-02-04T08:39:01.862-08:00You know, "Sybil" staring Sally Fields i...You know, "Sybil" staring Sally Fields in the mid 1970's. She was a girl with 13 different personalities just like the house on 22nd.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-17670019884763301812010-02-04T06:00:51.213-08:002010-02-04T06:00:51.213-08:00Seems like most people are telling me to rent not ...Seems like most people are telling me to rent not buy right now NOM<br /><br />What rental price do you think 2009 Montana rents at?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-36896294647095990502010-02-03T23:35:34.699-08:002010-02-03T23:35:34.699-08:00The house is an early 80's post-modern hangove...The house is an early 80's post-modern hangover, there are a few in the area. The bigger issue is spending $2.x and putting in a bunch of update money for a prop so close to Montana Ave. Good for walking kids to Franklin, but not a premier location. The first few lots N. of Montana are an upgrade from 90403, but not in the middle of the 90402 good stuff you really expect for the money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-78043215222153776962010-02-03T22:26:17.946-08:002010-02-03T22:26:17.946-08:00Looks like sybil did the re model?Looks like sybil did the re model?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-21946068210401768602010-02-03T20:21:57.316-08:002010-02-03T20:21:57.316-08:00I have not even gone into 723 22nd. I find the fro...I have not even gone into 723 22nd. I find the front facade so disturbing. What the hell did they do to this house? It is the worst faux traditional I have see NOMO and I love traditional houses. Also, Ellen Conrad overprices everything and lets it sit for months. This is not the first time this house has been on the market. I have been looking for over a year and I remember seeing this posted last summer or fall. I just toured the interior on Redfin. YIKES!!! It is "tramodern." It looks like Sybil remodeled this house. So scary. Good luck to the sellers!! If I were a realtor I would price this house around $2.2.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-49946418760796225592010-02-03T19:57:47.608-08:002010-02-03T19:57:47.608-08:00I agree with you
What do you think of 723 22nd?
...I agree with you<br /><br />What do you think of 723 22nd?<br /><br />Anyone who has seen the inside have a comment on what the offers will be on this one?<br /><br />What offers do you think are coming in on it now, in today's market. 2.3?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-59489541041816195472010-02-03T19:04:34.441-08:002010-02-03T19:04:34.441-08:00So 612 17th sold for $1815. Not exactly the $1895 ...So 612 17th sold for $1815. Not exactly the $1895 they were asking considering they had 5 offers 2 days after it was listed. I guess the buyer beat up the seller a little bit here. It is a respectable number from a house that requires minimum of $400,000 to remodel and increase the sq footage slightly. It show you that a semi cute house on a smaller lot will bring in as much as a really dumpy house (408 20th) on a large lot. I would say land value for a 7500 sq ft lot is now in the low $1.6's and $1.8's for a 8940 sq ft lots. I wonder what 242 21st will go for?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-69928188871354599642010-02-03T18:56:25.408-08:002010-02-03T18:56:25.408-08:00End of the discussion of building - let's get ...End of the discussion of building - let's get back to discussion of buying. Anyone else here visit the open houses in the 90402 on Tuesday? Nice little caravan day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-69037236260575118892010-02-03T18:26:37.923-08:002010-02-03T18:26:37.923-08:00"If I own a piece of land, and I go to a deve..."If I own a piece of land, and I go to a developer that does plenty of specs in the 90402, and I ask him to build me a standard cookie cutter spec on my piece of land, I am sure I will wind up paying him less than I would for a full custom. "<br /><br />You have asked this same Q endlessly - the answer is the same. There is not a dicount you can drive based on cookie cutter, you will pay the retail price, and if you bug the GC with the same Q's over and over he will increase his mark-up even more. <br /><br />Back to R/E, the builder forum is getting old (thanks to Wooster though for his input).Anonymousnoreply@blogger.com