310.383.7253 310.383.7253

Posts Tagged ‘blog’

Brentwood Condo For Sale! View The Virtual Tour

Thinking about moving to Brentwood?

The market is hot, hot, hot! And finding the perfect home in Brentwood can be tough – but not impossible. Home prices may be rising, and condo living is becoming the way to go for people of all ages.

Our newest listing, located at 575 South Barrington Avenue #305, gives you the chance to live in the super coveted & highly desired area!

The Excelsior building is a prestigious building in Brentwood that is walking distance to San Vicente, which is full of shops and dining options. Enter the building through a grand entry way and walk through double doors into a bright, front facing unit. The spacious open floor plan with high ceilings features 3 bedrooms and 2 and a half bathrooms with a balcony. The kitchen is newly updated with stainless steel appliances and custom finishing. The unit, situated on the 3rd floor, gets tons of light while facing Barrington.

You can sleep comfortably in an over-sized master bedroom equipped with a large walk-in closet and en-suite bathroom.

Sounds pretty perfect, right?

There’s more!

Washer and dryer area is also located inside the unit as well as a video intercom, two parking spaces and extra storage. The building amenities include pool & hot tub, a banquet room for entertaining guests, gym, saunas, 26 guest parking spaces, and earthquake insurance.

We’ll be open this Saturday and Sunday (March 19-20) from 2pm – 5pm! Feel free to come by and view this beautiful condo that will be sure to sell quickly!

Can’t make it to our open house this weekend? No worries! We’ve put together a virtual tour for you.

CLICK HERE TO VIEW THE VIRTUAL TOUR!

Feel free to contact Ethan (310) 666-2343 or Mitra (310) 383-7253 too set up a private showing and/or with any questions and concerns.

We look forward to seeing you this weekend!

New Listing – Prime Culver City Location

Culver City is one of Los Angeles’ hottest up-and-coming neighborhoods. Not only is it a historic city where it has served as a backdrop to tons of Hollywood films such as “The Wizard of Oz”, but with so many new developments, it has become the go-to place for dining and entertainment.

Our new listing, 3979 Higuera Street, is located in the heart of Culver City and is easily accessible to all of the shops.

Don’t miss the chance to make this 3 bedroom home in coveted Rancho Higuera in Culver City your own! This bright home has a formal dining room, wood burning fireplace, smooth ceilings and hardwood floors throughout. The home has a gorgeous backyard with mature trees.

Listing Price: $849,000

Contact:

Ethan

310.666.2343

EthanMoradifar@gmail.com

Take a look some photos of the property below!

Why 50 Cent’s Mansion Won’t Sell

In case you didn’t know, rapper 50 Cent filed for Bankruptcy this past July. But the major trouble for 50 is his mansion in 50centFarmington, Connecticut.

The 21-bedroom, 25-bathroom mansion was first listed in 2010 for $18.5 million and has since been reduced several times down to $8.5 million. Originally purchased in 2003 for $4.1 million, 50 Cent claims he put between $6-10 million into the 51,657 square foot property.

What else would $8.5 million get you if you were to purchase the home? An indoor pool, gym, basketball court, a “disco” dancing area with stripper poles (disco inferno, anyone?), just to name a few things. Not to mention, you would need $67k/month simply for up keep!

The main issue 50 made, along with sellers in general, is that his initial price was too high and not on par with market trends. When you don’t offer a competitive price for your property, it can turn off potential buyers and scare them away. Secondly, this article states that celebrity homes tend to sit on the market for quite some time, however the main reason for that is due to the price bracket. Celebrities generally have larger and more expensive homes that are not accessible to the average home buyer.

In our opinion, 50 Cent made a mistake by pouring too much money into his house and pricing it way too high for the market. His best bet is to put the home for lease and try selling again in a year or two.

What do you think? Sound off in the comments!

 

LA Gets Football Team – What Does That Mean For Inglewood?

Los Angeles finally signed on its first professional football team, the LA Rams!

Exciting right?

But what does that mean for Los Angeles neighborhood, Inglewood as we get our NFL stadium?inglewoodstadium 16

The Rams are not expected to play for 3 more years, but there has already been an increasing interest in developments in the vicinity of the stadium. Trulia warns that Inglewood will not see tremendous growth, however, Ethan Moradifar, our development expert says that in fact, the exact opposite will occur.

“LA Live is proof as to why the market prices will increase,” Ethan explains. “New condos near LA Live are now going for a million dollars, and 10 years ago nobody even thought about paying that price. The condos are not only priced in the million-dollar range, but they’re selling at over asking.”

With a higher end, enormous mixed-use project equipped with office spaces, shopping, and residential opportunities, Inglewood is sure to grow as well continue to develop. Generally, people tend to want to live near their jobs, especially in Los Angeles where commuting is difficult due to traffic.

The football players and their families will also want to live close to the stadium, increasing demand for housing in the area.

While the Trulia study claims that many housing markets near NFL stadiums have actually decreased in value, “it’s almost guaranteed that will not happen in LA,” says Ethan. “You can’t compare the Dallas housing market to Los Angeles.”

The Playboy Mansion For Sale…Equipped With Hef

The famous Playboy mansion is up for sale in Los Angeles’ Holmby Hills neighborhood with a hefty (pun intended) price tagPlayboy Mansion Hosts Red Carpet Event For EuropaCorp's "The Transporter Refueled" of $200 million. However, there is one small catch: Hefner wants to live in the house for the remainder of his life.

Company spokesman, John Vlautin, told USA TODAY that, “if a buyer is found for the Playboy Mansion, Mr. Hefner will continue to live at the mansion for the rest of his life.”

Hefner bought the infamous mansion in the early 1970s for just $1 million. The Playboy Mansion has been a Hollywood staple for decades, known for its wild parties and Hef’s live-in girlfriends.

The property sits on over 5 acres of land, is over 20,000 square feet and boasts 29 rooms. It also has a 4-bedroom guest house, home theatre, gym, tennis court, swimming pool, and zoo.

Millennials Will Make Up Biggest Buyers Demographic in 2016

Yahoo! released a report through CNBC that 2016 is projected to be the year of the millennials when it comes to home MGBlogbuyers in the market. Realtor.com reports that 1 out of every 3 home buyer will be of the millennial generation.

Who exactly are millennials?

Also known as Generation Y, millennials fall in the range of people born around 1981 to 2000.

As home prices start to cool down a bit in 2016 to become more affordable across the country, the number of sales will increase and we will see many first-time home buyers. People between the ages of 24-35 bought more homes in 2015 than in previous years.

The numbers are growing and will continue to grow as we head into the new year.

Cities to keep your eyes out for:

  • San Diego, CA
  • San Francisco, CA
  • Providence, RI
  • St. Louis, MO
  • Virginia Beach, VA