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Rancho Palos Verdes : Real Estate Advice

  • All51
  • Local Info0
  • Home Buying13
  • Home Selling4
  • Market Conditions2

Activity 26
Mon Apr 15, 2013
vtec26 answered:
email me at vtec26 at hotmail dot com

I have a geological map of the PV area that can tell you this info. It's a large file, so please be sure your email can accept files of about 20mb. thanks. ... more
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Mon Nov 12, 2012
Yeprem P. Davoodian, M.A. answered:
Sorry, don't know. But the one in Chatsworth/Granada Hills is still open.

Best,
Yeprem P. Davoodian
0 votes 1 answer Share Flag
Thu Aug 23, 2012
Jim Mitchell answered:
Dear T. Duvernet,

Buying rental property is a rent controlled area depends on the rules for the area. L.A. for instance I believe exempts single family homes and propertyt built since 1978. If it is vacant when you buy you can charge what the market will bear. After that you are limited by their rules. If you charge market rent and raise rents as much and as often as you can you may not be at any disadvantage versus non- rent controll.

Some cities (Santa Monica?) force landlords to comply with their limits EVEN IF THE UNIT IS VACANT WHEN YOU BUY! In other words you inherit the previous owner's last rent as a starting point as if there had been no vacancy. There are usually exceptions for evicting a tenant because you or a family member want to move in but you probably would need to pay your tenant and their cost to move.

If you have more questions contact me at 310 265 1816 or jim@BlackHorseRealty.biz. I have owned and managed rental properties in the South Bay since 1976.
... more
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Sun Aug 19, 2012
Rachel Martiens and Kathy Tyndall answered:
Hi,

What price range would you like to be in each month?

Sincerely,

Rachel and Kathy

WWW.TYNDALLTEAM.COM
0 votes 3 answers Share Flag
Thu Jun 21, 2012
Dennis HARTLEY answered:
Hi Linda:
Welcome to my world! Every agent has many stories about buyers who don't do what they say they will, it happens too often.

Your purchase contract probably called for the buyer to place their deposit into escrow within three days of you accepting their offer. I presume three days have passed. Your agent should issue a "Notice to Perform" instructing the buyers that if they do not place their money in escrow you will cancel the deal. The purchase contract specifies how long the buyers have to perform once you have given them this notice, it is probably 48 hours. Once the time frame passes, you are free to accept another offer.

You probably won't have any problems with the first buyers changing their mind and suddenly wanting to buy your home but just to be sure you should follow the steps outlined above. Good luck with your next set of buyers...
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Mon Aug 5, 2013
Elaine Carlson answered:
The rental market has been solid in Rancho Palos Verdes and the rest of the Palos Verdes Pensinsula.
The Multiple Listing Service currently currently indicates 64 single family residences for lease and 152 properties have leased since the beginning of the year.

Return on investment is challenging in this area because the property values are higher than other areas. You may need a larger down payment if you want your property to be break even. If you would like specific information about rental prices and neighborhoods you are considering, I can be reached at 310-802-2393.

Best regards,
Elaine Carlson
Elaine@ElaineCarlson.com
www.PalosVerdesSource.com
... more
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Tue Apr 24, 2012
Tracey Martin answered:
Hire a Realtor to help you. Have the Realtor contact a title rep. with whom they have a relationship. The title company should be able to get you a title report. The report should give you information on who owns the property. If it is owned by a lender in your area, you may want to the lender's office and talk to them directly. If they don't have an office in your area, google their foreclosure dept. and ask them for help. ... more
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Tue Oct 18, 2011
Walter 'Skip' Kersten answered:
Good morning,
We need a little more information regarding your comment/question.
Thanks,
0 votes 1 answer Share Flag
Thu Jan 2, 2014
John Arendsen answered:
If you're talking Moblie Home Parks give us a call. If you're talkin recreational venues call the local Parks & Rec Dept.
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Mon Oct 17, 2011
Michelle Moebius answered:
Hi, in Manhattan Beach try Mama D's Italian (downtown) and Islands in the Manhattan Village. Also great is Red Robin in the South Bay Galleria outside on Nordstrom end.
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Thu Jan 2, 2014
Maureen Megowan answered:
I think that it is at the top of the Palos Verdes Peninsula at Del Cerro Park just south of the intersection of Crenshaw Blvd. and Crest Road in Rancho Palos Verdes. Go up the hill to the right when you get to the park for incredible views of Catalina, the Terranea Resort and Abalone Cove. The lookout is just above the Vanderlip Mansion in Portuguese Bend. There is a great hiking trail in the Portuguese Bend nature preserve down from Del Cerro Park. See other Palos Verdes Peninsula hiking trails at my website page PV Sports, Recreation
And Parks referenced below.
... more
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Sat Oct 27, 2012
Lee Williams answered:
Hi True,

I relocated for the Bay Area many years ago and love to help others do the same. RPV is a great place to live and work. My team can help you with the transition.

For rental info visit http://bestofthesouthbay.com/neighborhood/rancho-palos-verdes

For school and community info visit http://www.losangelessouthbay.com/communities/

Give us a call if we can help show you around and make this transition as smooth and enjoyable as possible.

Lee Williams (310) 400-6389
... more
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Fri Apr 29, 2011
Rachel Martiens and Kathy Tyndall answered:
Is the property located in upper or lower Portuguese Bend? I'm thinking it would rent for approximately $3500-4000 depending on the condition of the property.
0 votes 4 answers Share Flag
Fri Oct 29, 2010
Scott Miller answered:
Hi Camille. Blogging=SEO+lots of inquiries=SOLD!

Scott Miller, Realty Associates, Boca Raton, FL
0 votes 3 answers Share Flag
Thu Jun 3, 2010
Debra (Debbie) Rose answered:
The key should be given back to the owners by the agent, when they remove the lockbox..
0 votes 8 answers Share Flag
Tue Nov 10, 2009
Maureen Megowan answered:
There are currently some excellent buys for single family residences on the Peninsula. I have recently posted my quarterly real estate report on my web blog at http://mmegowan.activerain.com as well as individual posts on each of the areas on the Peninsula including a list of homes that have sold during the most recent quarter, prices per sq. ft., etc.

Generally, prices have come down about 15% Peninsula wide over the last couple of years . I believe that single family homes on the Palos Verdes Peninsula remain an excellent long term investment. Prices appear to have stabalized and interest rates are back down to historical lows.

I have had numerous clients that were considering job transfers to the Los Angeles area, and after considering many different possible locations in the Los Angeles area decided to buy a home on the Palos Verdes Peninsula. The following are the key reasons in their decisions:

1. Quality of Local School System :The Palos Verdes Unified School System is one of the best in the State, and our schools consistently rank among the top in standardized test scores. These can be verified at the following link on my seb site : PV School Info . People recognize the value of having strong local public schools and the cost savings that can be achieved when they don't have to send their kids to private schools.

2. Rural Atmosphere : The foresight of the city planners of the 4 cities on the Palos Verdes Peninsula to insure the preservation of open space has made the Palos Verdes Peninsula an island of tranquility in the urban jungle that is Los Angeles County. In additon, the maintenance of equestrian oiented trails and rights of way have preserved this rural way of life for all of us.

3. Larger Lot Sizes and Set back Requirements: Compared to most of the local beach communities, our city governments on the hill have maintained building standards to limit the "mansionation" of homes here. Most of our cities have limitations on the size of the foundation of a home as well as strict neighborhood compatability regulations to make sure that new homes do not sit on top of each other and give all of us breathing room.

4. Our Beautiful Views and Proximity to the Ocean: We are so fortunate to enjoy the spectacular views along our coastline, as well as the magnificent city views that we also have. People who are looking to relocate here are absolutely blown away by the beauty and spectacular views that many of the homes here have. Even if you do not have a view from your home, we all enjoy the spectacular setting that we live in just when we are driving around the Peninsula. I have lived here for 24 years, and have never taken the beauty of this area for granted.

5. The Weather: Because of the moderating influence of the ocean, our weather varies very little from month to month compared to most areas of the Los Angeles basin. The cool ocean breezes cool us during the summer, and the ocean also tends to moderate cold temperatures in the winter. I live in Lunada Bay and I don't think that our high tempertures vary by more than about 10 degrees for most of the year. Most of the older homes on the Peninsula that are near the ocean do not even have air conditioning.

6. Our Sense of Community: My husband and I have raised 3 boys in the Lunada Bay area of Palos Verdes Estates, and we have made so many friends over the years through other parents participation with their children in their school programs and sports programs. Our boys played for many years in the baseball leagues, basketball leagues, and soccer programs on the Hill, and we have found most of the people that we have met to be friendly and non-pretentious. We have had some relocation clients comment to us that in the well off areas that they are moving from that people tend to treat their homes as status symbols, but I believe that most of the residents on the Hill see their houses as truly their homes.

As you can seee, I believe that the single family outlook on the PV Peninsula is excellent.
... more
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Fri Oct 29, 2010
Rebecca Chambliss answered:
Interesting propostion. Why not just sell and buy? There are still closing costs, even with a property swap, so it doesn't save any money...and you might have someone willing to give you more for your townhouse. There are several very reasonably priced homes in the Eastview section of RPV which would put you in the PV school district. ... more
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Mon Oct 19, 2009
Rebecca Chambliss answered:
Hi Pat,

Seaview is not part of Portuguese bend, however there has been some minor land movement there. Most of the houses in that tract are older and smaller and some have views (those sell for more) than the ones without. It's a fantastic neighborhood. I've sold several houses there and the buyers have been very happy with them. There is also the Abalone Cove neighborhood just down the road and across PV Drive South that can be affordable. If you let me know exactly what you are looking for I can suggest some other areas that might work great for you.

Rebecca Chambliss
(310) 989-4466
... more
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Sun Mar 15, 2009
Maureen Megowan answered:
Sat Nov 17, 2012
Shel-lee Davis answered:
Deepa:

The rental market for homes in RPV can vary widely depending on location, size, view, amenities, etc. with the highest priced home being offerred at $20,000 per month on a 12 month lease. Of course for this you get 5 bedrooms, 5.5 baths, over 8000 s.f. of living space and sweeping Catalina views.

Homes the size of yours appear to rent in a relatively narrow band of pricing. In the past 90 days there have been 6 comparably sized homes leased between $2700 and $3000. There are currently 6 more on the market, offerred at between $2,700 and $3,245. Let me know if I can help out in any other way. Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
http://shel-lee.listingbook.com
... more
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