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Home Buying in Playa del Rey : Real Estate Advice

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  • Local Info0
  • Home Buying7
  • Home Selling2
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Activity 6
Sun Oct 5, 2014
Cricket Yee answered:
Tue Jul 6, 2010
Emily Knell answered:
You won't know for sure until you contact a lender and see what the current guidelines are. Other things the lender will want to ask the HOA is what is the ratio to owner occupied units vs. non-owner occupied, 48-49% is normally the cut off, exceptions are possible if at 50%. So, this one person owning 4 units may not be your only issue.

For a quick response, send an email to Danny Baldwin at Pacific One Lending at DBaldwin@Pacific1Lending.com put in the subject line: "ques. re: a condo for Emily Knell"

Even with the owner vs. non-owner occupant issue, when you go to sell, if the ration is say, at 35% today, it could be higher in the future. It can hurt your future value if the condo community becomes a "cash buyers only neighb" in the future.

EmilyKnell1@yahoo.com
562-430-3053 cell
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Sat Feb 8, 2014
The Hagley Group answered:
The best way is to get a Realtor involved. Lenders are not licensed agents, and therefore count on agents to sell their homes.
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Sat Oct 22, 2011
Dorene Slavitz answered:
There is some plane noise, but the locals I have spoken to don't seem to be bothered by it. The homes in the area are retrofitted at no cost to the homeowner, by LAX. Special Insulation and air circulation systems,dual or tripple pane windows and doors, and Air Conditioning keeps noise to a minimum.
Playa del Rey and El Segundo are affordable beach areas due to their proximity to the airport.
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Fri Nov 11, 2011
Dorene Slavitz answered:
Good question. I think it has to do with flight patterns more then the airport expansion per se.
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Sun Jun 21, 2009
Fred Remick answered:
I lived for MANY years in the Playa Del Rey area while attending graduate school at Loyola Marymount Univ (up the hill from there). The area in general is quite safe, is close to some good entertainment options in Manhatten Beach/Marina Del Rey/Santa Monica, but is quite expensive (as most coastal areas in LA are). If you're buying the entry level is about $750K and goes up from there. A rental (2 bedroom for example) is going to range about $1,800-2,400. Hope this helps! ... more
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