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Home Buying in 93060 : Real Estate Advice

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  • Local Info0
  • Home Buying5
  • Home Selling1
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Activity 9
Sat Nov 2, 2013
Barry Shapiro answered:
Hi Sam,
There is a combo triplex, consisting of a 2+1. a Studio & an Office (used by the owner) at 1203 E Harvard Blvd. currently listed under $400K (Cap Rate of 5%). For apx. $800K, a fully-rented, turn-key property with apx $50K/yr. cash flow is available at 630 E Virginia Terrace. This 1031 Exchange investment property offers 3 '1+1' duplexes, so 6 doors for regular income and a 6% Cap Rate. Currently, there are only half a dozen 'active' short sale homes in Santa Paula. We can set you up on your own personalized MLS portal, based on the criteria that is most suitable for your investment goals. The portal will automatically notify you when new listings appear, etc. ... more
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Sun Sep 26, 2010
Barry Shapiro answered:
This was a HomeComings Financial REO and SOLD on 4/7/10for $410K. The 2442 sf home is right across the street from Obregon Park. Thank you for your interest.
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Tue Dec 28, 2010
Hector G. Diaz answered:
0 votes 7 answers Share Flag
Mon Feb 1, 2010
Barry Shapiro answered:
Hi Nora,

An excellent place to start would be the Permit & Resource Management Dept. for the County of Sonoma:
http://www.sonoma-county.org/prmd/FAQ/well-septic.htm
Here's a chart showing current well and septic fees:
http://www.sonoma-county.org/prmd/fees/fee_6.pdf

There is a very good book that gives an overview of well and septic systems called "Cottage Water Systems" by Max Burns and distributed by Firefly Books in the US. It is most important that you work the right professionals to inspect them and who is also familiar with building restrictions on properties that contain well and septic systems so that you don't purchase a property with some inherent limitaton to expansion based upon the percolation (perc) capacity of the ground or the production of the well. Approx. 70% of the homes in Sonoma County are on well and septic. If the seller doesn't pay for your well and septic inspections, plan on spending a good $1,000 minimum, in addition to your pest and contractor's report, for these inspections, and go to the county offices to read their files on the property and talk to the planners and well and septic people so that you understand the property and any possible limitations. Another thing about wells and some septic systems is that you often need power in order to pump water unless you have a gravity fed system so in a power outage you will often need to be prepared with a generator or just some storage. I'd be happy to refer you to a local agent with experience in this subject. Good luck in your research.
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Tue Apr 6, 2010
Heidi Golff answered:
Hello Letty,

I think you will have to call the realtor on the sign; this home is not listed in the multiple listing service. It is possibly listed by an out of area broker who is not a member of this local board. I suggest you try www.realtor.com to see if you can find it there. Sometimes that is where these homes end up that are listed by, for instance, a Los Angeles or Bakersfield broker. Sellers sometimes think they are saving money or something by listing this way - perhaps the broker is a relative - but here you are, a qualified buyer, and I can't find the home! I would be happy to speak to the broker on the sign on your behalf if you email me with his/her name. ... more
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Mon Mar 16, 2009
Homa Moaddel answered:
Hi Katie,
if your name is the loan and not on the title you are not the owner of any home. However your credit will be affected. Your first time home buyer status should not change. To confirm all of that I like to refer you to my lender who also give financial advise. Please call Dave Gaylord at (949)939-6011.

Sincerely,
Homa
Prudential California Realty
... more
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Tue Mar 17, 2009
Holly Aldrich answered:
Good afternoon, Realty Trac and other Companies, show some that are not quite ready for sale yet or are in pre-foreclosure which is still not available for sale. So if you want a current list of Bank Owned Properties your best bet would be to work with a Realtor. You can get direct email when new ones come on the market and your Realtor can help you weed out the ones that may just be a waste of time. But the only way I think you will get the info. that you are looking for (for free) would be to work with a Realtor. If you would like I could help you but I am not sure if this would be what you would want to do. Have a great day and contact me if you would like some more info. Have a great weekend. ... more
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Thu May 29, 2008
Jeffrey Schnabel answered:
Melissa,

Most of the concern will be in 2 areas. How well the systems were designed, and how well they have been maintained. If you can't verify one or both of these, then you could be signing yourself up for significant cost burdens. In addition, since the well is providing drinking water, you need to know something about the water source they drilled into.

There are companies that can do inspections of these systems, but sadly, most inspections are not detailed enough to answer either of the 2 concerns above.

Your best bet is buying a home where these systems were installed within the last 10 years or so. Restrictions implemented in many jurisdictions in the recent past, substantially increased the reporting requirements for installations, and some even require third party maintenance contracts.

Note, there are many, many homes sold with these systems that operate just fine, but you need to know the potential costs to repair these if they go bad. While locale will make a difference on costs, consider that a new septic pump, including installation, will run $500 to $1,000. A new septic tank (if one is cracked), could easily exceed $3,000 depending on size. A new septic field (where the gray water drains to) can easily exceed $10,000 and cause quite a mess of the yard. And if you had to replace the entire system, you might have to comply with current restrictions on design, which can tack on additional costs.

For a well, it depends on how deep it is and what kinds of problems you run into. For example, if the pump goes out, you should expect to pay at least $1,000 including installation. If the water dries up and they have to drill deeper, who knows what the cost will be, but it ain't cheap. If the water goes bad, well, you're toast.

But again, a lot of homes are sold with these systems without any problems. You just need competent local resources to help you with the decision.

Good luck,

Jeffrey
... more
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Sat Mar 7, 2009
Bonnie Sterling answered:
I have heard that Santa Paula is planned to have an easy access to Valencia, which is said to have the potential to really put Santa Paula on the map in terms of growth and good living. That said, if it doesnt happen, Santa Paula will remain a small and charming town with limited resources. So, I guess the choice would lie in asking yourself if you like Santa Paula well enough just the way it is now and would you like Santa Paula still if it grew considerably.
Years ago when I wanted to move to Ventura (probably almost 10 years ago) we considered Santa Paula because we wanted more land that we could afford in Ventura.My husband and I met a couple who raved about living there. When we drove around, the homes all seemed smaller and older with small lot sizes. Sounds like you are looking at a new development. Just be careful I recently spoke to someone who purchased in the new townhomes just off of Wells Rd. Within months of her purchase, she received notifciation that the builder was filing for bankruptcy and the promises for the rest of the developments build out are uncertain. You may do well to get an area Realtor to help you with your decision they may have advice and resources that on your own, you wouldnt know. Research and make sure you are dealing with a full time, knowledgeable professional. Good luck!
... more
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