I'm not sure if trulla's payment estimate adds in the hoa dues, but if you manually do the estimate on the calculator page you can see the full details of the estimate including taxes and insurance, etc.
As for putting an offer in, yes you should work with a realtor to find out where the units are actually selling. I have found that developments like these keep their listing prices high but will often accept much lower offers. They don't like making it known that they negotiated so low, but a realtor like myself can find out where theree true bottom line is with a little work.
Give me a call anytime and I would be very happy to assist you in this purchase! Whatever you do, make sure you have your one representation to write the offer and do not use the listing agent or developer to represent you!
This home last sold in 2006 after 241 days on the market. It sold for 9.6 million. This home was listed for sale again in JUne 2010 for 13.25 million dollars. The price has now been reduced to $11,595,000. I would suspect this home will remain on the market for many months, but if the seller remains motivated by lowering the price, it could sell much sooner.
AREA: (3) Sunset Strip - Hollywood Hills West BR: 4
STYLE: Architectural YB: 1996 BA: 6.00
Square foootage: 9,725
lot size: 17,120
Commanding the top of the most famous bird street, 1654 Blue Jay Way is the height of sophisticated architecture. Every room seems to float over the lights of LA, with spaceship views from Downtown to the Pacific. A mirrored alcove in the billiards room is actually a window into the swimming pool; the glass floor of a catwalk is also the ceiling of the wine cellar. Complete with gym, screening room and fully-equipped nightclub, is a re-imagining of the home of the future.... more
In order to find the previous owner(s), you can check the local public records department, ask a neighbor(s) or any agent may be able to help you--for privacy reasons, not sure an agent will give a name in this public forum.... more
I'm not sure if it's proper protocal to promote other websites on this forum but I use neighborhood scout for detailed information such as what you are requesting. I've provided the link below. Also, there are fixers EVERYWHERE even in the Hollywood Hills. The real question is how much are you willing to pay for a fixer. Retail price or dealing owner direct. The trick is locating them before knowledge of their availability hits the masses or the MLS. This can often be a full time job and may require a... more
Nichols canyon is fantastic! Very private area with great access to both east and west side of LA, closer to the 101 freeway and less congested than Laurel Canyon. Very nice pocket that has the best access to Runyon Canon hiking trails as well.... more
Dear Alex - It is a toss-up between Encino and Studio City ......Studio City tends to be a lilttle hipper while Encino has more of a luxury status. South of the boulevard, whether it be Studio City or Sherman Oaks or Encino et al, has a perception of being more prestigious. The reality is that there are pockets that have many expensive, luxury and qualilty homes as well. It is merely know where to look and the historical knowledge of an area. Feel free to contact me I can address any other issues on your behalf.
Realtor / E-Pro / CMIS / BMA / CMMS
Relocation Specialist / Seniors Real Estate Specialist
"Thank you for thinking of me when referring your family, friends and business associates. It is greatly appreciated"
Prudential California Realty, Sherman Oaks
818-380-2138 (direct / voicemail) 818-515-8936 (cell)
DLinden@sbcglobal.net (e-mail)... more
Wow. There are lots of great locations throughout Los Angeles. I prefer the Westside but even that is a big statement. That includes Santa Monica all the way to Beverly Hills. Bel Air, Brentwood, Cheviot Hills and Rancho Park are included. I also prefer living on flat ground and not on a hill. Cheviot Hills is a bit of an unknown community but wonderfully located between Century City, Beverly Hills and Westwood. Just north of Culver City. I recently built two luxury homes there. Living in one and renting the other until the market improves and then I plan to sell it. It's a luxury rental and includes a Country Club Membership. Last year it was rented by a NBA basketball player. This year a family has it until June. After that it will be available.... more
I think that there are a few answers to this question. If you are referring to the overall sales prices in the hills, I believe this will be slightly higher (around 3-5%) by this time next year (end of 3rd quarter). My reason for this opinion is the fact that after interest rates begin to rise slightly, as they will inevitably (most likely 1st quarter), the higher priced homes will start to get a higher sales volume, thus raising the prices and general sales volume. Also, I believe the gains will be minimal as some areas of Hollywood Hills were very inflated (more so than others).
Even as the market recovers we cannot expect to be back at 2005-6 values for quite a while. As you examine past low points in the housing market, you will see why we should expect there to be a recovery that takes around twice as long as the length of the downturn. For example, from the highpoint in the recent market, (feb 2006 or so) to the bottom is about 3.5 years. We can expect, comparing to past recoveries, that the time it will take from the bottom to get back to that high market level is approximately 7 years. Any way you slice it, it's a long way to go, but we are already seeing the clear signs of a recovery starting. Buy property now while interest rates are historically low and values have declined heavily!! =)... more
What are you using to compare your property information with? How do you know it's "relatively cheap"?
It seems you are looking for vacant lot to build? If yes, then I suggest you contact an agent for current listings and more accurate property details, including comparable market ananlysis (CMA) in the Hollywood Hills area.
Send me an email and I will provide you with access to the SoCal, including CLAW MLS active listings, including vacant lots.
Phone: (888) 525-0125... more
Wow - that is a very loaded question. As a current broker, and a former licensed contractor, I will tell you, with 100% certainty, that ...it depends. Everything, especially in hillside ordinance areas within Los Angeles depends on the Geology Report, survey, access, and stability of the site. A $30,000 lot in Hollywood Hills? Hmm.... Not buildable without an exorbitant amount of engineering and shoring needed in order to make a project feasible.
Your cost is not in the land, in this case, but rather in the improvements necessary to make development feasible. A very interesting alternative, and possibility for otherwise "unbuildable" sites can be found with a very specific, earthquake, hillside friendly building method that I have worked with recently. There is a site:
www.haikuhouses.com that offers pole construction buildings. These are very Japanese inspired in nature, and can be constructed on otherwise unbuildable sites.
When it comes to land - grab your geo-engineer, and prepare to pay for some r & d if you're thinking about shopping in the lower price range for the Hollywood Hills.... more
Do you want a condo or a single family home? How large a home do you need? LA county covers a large area. Do you want to be near LA or in the outlying areas?
No agent can guarantee you that what you are buying will appreciate in value in 3 to 5 years. Please do not believe anyone willing to give you such guarantees. If the market turns around, then in all likelihood a property will appreciate if held for a long enough time, but there are no guarantees.
If you want to give me more specifics of what you are looking for I can give you a more specific answer. $250K can be a two bedroom house in mid-city, a studio loft downtown, or a condo in the valley. If you tell me what your needs are I can see what I can find for you.... more
The first thing you should consider is how much money you want to bring into a foreclosure to bring it up to what you want. Since banks will not fix anything from a home inspection you need to bring contractors in before hand so you can get an idea of how much you will need to offer and spend on fixing it up. You are truly buying a property as is. On the other hand, sometimes you can find a foreclosure property in good shape.... more
First let's deal with how you finance a foreclosure. Basically, the same way you would finance any other property, assuming you are buying either a pre-foreclosure or a post-foreclosure. The only time this does not hold true is if you want to purchase the property at the trustee sale. Then you basically need cash on the day of the trustee sale.
Regarding how much loan you could qualify for, you need to speak with a great lender who understands 1st time homebuyers. Let me know if you need a referral.
Lastly, about the areas you like, 90046 and 90069. There is one property under $200k. It is a one bedroom one bath condo. At this time, this area has not come down anywhere near that much. In the past 30 days, the lowest sale was at $285,000 for a 1/1/ condo. The lowest SFR sale was a 2/2 for $550,000.
To buy a great home at a great price you might consider the following steps:
1. Get pre-approved with a great lender. That way you will know how much you can borrow.
2. Ask around to family members and see if anyone would like to invest in a home that you will make the mortgage payments on and maintain.
3. Then add the amount of their investment to the amount of your loan to determine your purchase price.
4. Work with an aggressive realtor who will help you identify deals, make offers, and negotiate for you.
5. Evaluate the areas you can afford, identify those areas within the affordable areas where you would be willing to live, and have your aggressive realtor keep on top of every property that comes on the market in those areas.
6. Be patient and persistent.
Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty
LA Real Estate Group works with various types of international investors. Many of our buyers are from the UK and like to purchase in the Los Feliz and Hollywood Hills area of Los Angeles. We advertise in the UK, France, Dubai, and Canada for the time being. If you shoot us an email , we may be able to help you find a client for your property.
Hope this helps,
Good luck to you,
LA Real Estate Group