Home Buying in Marina del Rey : Advice

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Chad Cole, Real Estate Pro in Marina del Rey, CA
Chad Cole answered:
Airplane noise in Marina Del Rey
You won't hear airplanes living in Marina del Rey. There may be some noise from helicopters but that happens in all city areas.
0 votes Share Flag Mon May 11, 2015 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
buying a penthouse
Hi Nixo,

I am assuming you are considering purchasing a penthouse in Marina del Rey. There are four highrise sea side complexes.

- Marina City Club
http://www.westlaestates.com/g ... more
0 votes Share Flag Tue Feb 11, 2014 Home Buying in Marina del Rey
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
What is the market like for first time home buyers? Are there still FHA loans?
Mary,

As a first time buyer I recommend you get in touch with a direct lender get qualified for a loan. There are FHA loans with 3.5% down payment. A conventional loan with require a ... more
0 votes Share Flag Tue Feb 11, 2014 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
What is the projection of town home value in Marina del Rey, CA for the next 5 years?
Cindy,

The townhouse is in section east Lincoln and north 90 freeway. Last year that section saw an appreciation of about 20%. BUT this was after a depressed market from 2008-2012. T ... more
0 votes Share Flag Tue Feb 11, 2014 Home Buying in Marina del Rey
Ellen Rude, Real Estate Pro in Los Angeles, CA
Ellen Rude answered:
I am in need of a buyer's agent that is familiar with foreclosures in the Marina del Ray area. Looking to spend 700k on a 2 bedroom unit.
You don't have to go to foreclosures to spend $700k on a 2 bedroom unit in MDR. I live here, I know. What's the status of your search so far? The foreclosure opportunity here has com ... more
0 votes Share Flag Tue Feb 11, 2014 Home Buying in Marina del Rey
Dorene Slavi…, Real Estate Pro in Culver City, CA
Dorene Slavitz answered:
Hi, are the HOAs for Marina City DR only dependant on the size of the property or do they also different for the different towers?
Yes it depends upon the location and size of the condo. The Marina City Club Condo's have amazing views and amenities.
0 votes Share Flag Mon Nov 25, 2013 Home Buying in Marina del Rey
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Brian Nguyen answered:
Hello I just saw a condo selling for 280,000 dollars on marina point drive in marina del rey Is there any way that I can qualify for a FHA loan?
I would be glad to get you an FHA loan but I would need to know a bit more information about your finances. Your ability to obtain a loan relies on many financial factors such as income ... more
0 votes Share Flag Wed Oct 2, 2013 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
What is the best value in Marina Del Rey CA town houses under $600K?
Hi Czickel,

Question asked in 2011 and this is 2013. The housing market has changed with appreciation in values Attached are 90 day Market Stats from 5/1/13 to 7/31/2013:
http://www ... more
0 votes Share Flag Wed Sep 4, 2013 Home Buying in Marina del Rey
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
i am looking for a condo in the circlular 2 buildings in the marina.. 3 bedrooms
Hi William,

The circular high rise condominium building in Marina del Rey is the Marina City Club. Built in the 1970s, 660 units full service complex. Attached is information about M ... more
0 votes Share Flag Wed Sep 4, 2013 Home Buying in Marina del Rey
Monica Breck…, Real Estate Pro in Colorado Springs, CO
Monica Breckenridge Pink Team answered:
Is placing a significantly lower offer than asking price an issue with an owner?
I always recommend having a buyers agent write the offer for you. When you go through the listing agent then you aren't represented to fight for your offer. The listing agent becomes a ... more
0 votes Share Flag Mon Aug 19, 2013 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
i want to buy or lease a condo in Marina Del Rey. I was looking at some units at the marina city club or the newer glass buildings.
You are the client, it is unfortunate you experienced this non-professional behavior. It is disappointing that agents are not responding to calls or texts and frustrating. There are pr ... more
0 votes Share Flag Tue Jun 25, 2013 Home Buying in Marina del Rey
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
if you are buying a mild fixer, what to do about the roof?
I would not only consider exterior paint and roof. Based on total repair/replacements stated in Buyer's Professional Home Inspection Report. What is the condition of: roof, foundation, ... more
0 votes Share Flag Tue Jun 25, 2013 Home Buying in Marina del Rey
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
Would a MCC penthouse be a good investment down the road?
Question asked 2012 and this response 6/13. Marina City Club was the first full service seaside high rise built in Marina del Rey. Was built in the 1970s. Is not fee simple but land lea ... more
0 votes Share Flag Fri Jun 14, 2013 Home Buying in Marina del Rey
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
Is it possible to take out a FHA loan if the home you're buying is above the $729,000 ceiling?
It is possible you would have to come up with the different above the required loan for FHA. Keep in mind if the desired property is a condominium, townhouse or (PUD) single family home ... more
0 votes Share Flag Sat May 25, 2013 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
what are CAP rates or Gross Rent Multipliers for small income properties with a sales price of 2.5 million
Net Operating Income (NOI), dividing it by the sales price, is the cap rate.

Example:
Say the property has an NOI of $250000, and the price is $2500000

$250,000/ $2,500,000 = 1 ... more
0 votes Share Flag Thu Feb 14, 2013 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
Definition of bedroom....
The definition of a bedroom is an enclosed room with a closet. I have shown properties with an extra room but not closet. That should not classified as a bedroom. In MDR you with see lo ... more
0 votes Share Flag Thu Feb 14, 2013 Home Buying in 90292
1dream2reali…, Home Buyer in Houston, TX
1dream2reality answered:
i am looking to rent a house or townhouse with 3 bedrooms 2 or 3 baths.
I would suggest speaking with a sales representative in the area about this inquiry. They will ease your headaches, and will do all of the hard labor that may stress you out.
0 votes Share Flag Wed Dec 28, 2011 Home Buying in Marina del Rey
Abu Musa, Real Estate Pro in Kensington & Parkville...
Abu Musa answered:
I'm thinking of buying a townhome in the Marina and have the capability of buying in cash up front. Should I? Or take advantage of low interest
I would take mortgage.Because tax deduction is on mortgage pament and lowest interest rate.Good luck.
0 votes Share Flag Sun Oct 9, 2011 Home Buying in Marina del Rey
Cricket Yee, Real Estate Pro in Studio City, CA
Cricket Yee answered:
I purchased a brand new loft in marina del rey, ca on November 12, 2009. Can you tell me if I qualify for the $10,000 state rebate?
Sorry, the state rebate started on May 1, 2010. The federal one is good to go, though.
0 votes Share Flag Tue Nov 9, 2010 Home Buying in 90292
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