What is the best way to find a reasonably priced fixer-upper on the West Side?

Asked by shirley.mit07, Topanga, CA Wed Aug 21, 2013

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9
Jamie Tian, Agent, Los Angeles, CA
Wed Aug 21, 2013
Hi Shirley,

I would be happy to send you a list of available fixers in the West Side.

Please contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com and let me know your price range and what you are looking for in a property (lot size, number of bedrooms, etc.) and I will email you a list of properties that are available, as well as set up viewings for any properties you are interested in.

Best,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
DRE #01920120
Web Reference:  http://www.jamietian.com
1 vote
Johnny James, Agent, Beverly Hills, CA
Sun Aug 25, 2013
Do your homework and work with a good agent.
0 votes
Andrew Jones, Agent, Venice Beach, CA
Wed Aug 21, 2013
Hi Shirley,

That depends on what you mean by reasonable. There were a number of houses available on the Westside for under a million dollars in 2012. Though properties are still available at this price they're far less common this year as values seem to have been rising almost monthly since last fall. These homes are also often drawing multiple offers and selling quickly so it's important to have your financing together and be prequalified with a lender. This way you'll know what you can actually afford and be prepared to move on the right property when you find it.

Houses on the Westside north of the Santa Monica (10) Freeway are typically more expensive and properties selling for under a million dollars here are usually 'fixers' there by definition. Also Homes in Santa Monica for under a million dollars are rare regardless of which side of the freeway they’re on.

Homes to the south of the 10 Freeway in Los Angeles are typically less expensive though most are usually a million dollars or more north of Venice Blvd. There are a few exceptions to this close to the freeway itself, directly to the east and west of the Santa Monica Airport under the airplane glide paths, and just south of the airport in parts of Mar Vista where homes can still sometimes be found in the $900k range.

Prices become a bit less pretty much across the board south of Venice Blvd. to Jefferson. Though properties close to the beach are always more expensive there's an area known as 'Del Rey' west of Centinela and south of lower Washington that's just a couple of miles from the beach to the east of the Marina where nice homes can still routinely be found for $700k to $900k.

There's another suburban neighborhood south of the Marina (90) Freeway east of Centinela and north of Jefferson by Playa Vista where homes can be had for around $800k and properties along Culver Blvd. and Ballona Creek west of the San Diego (405) Freeway can be even less expensive with some homes selling for as little as $550k to $650k.

There's also a neighborhood just west of the 405 Freeway between Venice Blvd. and lower Washington Blvd. were homes comparable to or slightly less expensive than those in Del Rey can often be found and nice properties are frequently available in the $750k to $950k range in parts of West L.A. and the southwest part of Culver City just east of the 405 Freeway as well.

'Fixers' in all of these areas usually run at the lower end of these price ranges (or sometimes less.)

You also might consider Westchester on the bluffs south of Jefferson and north of LAX which offers some of the best deals in L.A. on properties closer to beach. There are many suburban neighborhoods here that are closer to the water (1 to 3 miles) than many of the more expensive properties on the Westside. A number of homes are usually still available in the $800k to $900k price range and properties for as little as $700k aren't uncommon. 'Fixers' and smaller homes closer to the airport or farther east can still sometimes be found for even a bit less and Playa del Rey can offer opportunities quite close to the ocean for under a million dollars in this area.

Please feel free to call or email me anytime if you have questions about any of the neighborhoods discussed here or if you'd like to find out more about specific listings that you find online. Here's the link to a special property search map that shows all of the homes for sale on the Westside from Westchester to Santa Monica for under $1M.

http://idx.diversesolutions.com/link/336378

The search map also includes foreclosure and bank owned properties and can be reset to show properties at different price points, sizes, etc. and condominiums too.

Best of Luck
0 votes
carlos parra…, Other Pro, Monrovia, CA
Wed Aug 21, 2013
Hire a good agent to work with!
0 votes
Dorene Slavi…, Agent, Torrance, CA
Wed Aug 21, 2013
Shirley,
The "Best Way" to find any type of Real Estate is by working with a Professional Realtor. We work with property 24/7 and we know what is available out there in our given areas. My advice? connect with a professional today!
0 votes
Douglas Lagos, Agent, Los Angeles, CA
Wed Aug 21, 2013
Shirley,

First, find an agent that specializes in the Westside. Like myself.

Second, talk to the agent and let them know exactly what your thoughts are. This way, they'll be able to better meet your needs for a fixer in the Westside.

There are many options, you just have to find the one property that meets your needs.
0 votes
Susan Bo'ur, Agent, Manhattan Beach, CA
Wed Aug 21, 2013
As previously stated your best bet is to work with a local Realtor.
Susan@SusanBour.com
0 votes
, ,
Wed Aug 21, 2013
A real estate agent.

If you are looking to get pre-approved or need a purchase loan now, I can certainly help you out with a loan.You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.



Alex Greer
NMLS #1056079
0 votes
joe reed, Agent, Wyoming, MI
Wed Aug 21, 2013
Hi Shirley,
You have a few options obviously you can look on your local MLS search site and find a property on your own. The best option I would say would be to find a local proven realtor who will be able to help you find a property that is cheap enough to buy and fix but also has a good potential to gain profit with the work put into it. Buying a "fixer-upper" can be a very risky thing, just for the fact that they are normally sub par properties that can end up costing way more to fix then what the profit of fixing it will bring. Best of luck in you search.
0 votes
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