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West Hollywood : Real Estate Advice

  • All125
  • Local Info9
  • Home Buying20
  • Home Selling3
  • Market Conditions2

Activity 34
Wed May 23, 2012
Emily Knell answered:
Buying in the Hills, there are many different types of inspection reports you should get. It's been 15yrs since the last report for a geological study, you should at least get another report regarding soil & slippage, along with your general home inspection.

See if the same co. who did the report in 96' is still in business.
562-430-3053 c
Realtor Since 1996
Main Street Realtors
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0 votes 8 answers Share Flag
Tue Jul 12, 2016
Patrick Thies answered:
There are other factors that go into getting approved for a mortgage. You can contact a lender and get an idea of what and if you can get approved with out any cost or obligation. It will let you know exactly where you stand. ... more
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Thu Apr 10, 2014
Anna M Brocco answered:
You can try working with any local agent, check local print media for by owner rentals, word of mouth, etc.; depending on how bad your credit is, one can consider offering a larger security deposit, pay some of the rent in advance, etc. ... more
0 votes 7 answers Share Flag
Fri Sep 3, 2010
Dallas Texas answered:
Have you considered purchasing a home therefore you don't concerns "dumping your money" , receive annual tax benefits. CA, might offer great opp's for you purchase a home.

IN SOME states due to number of foreclosures bank are leasing homes vs. other states such as Texas foreclosures are not leased.

Realtor would be happy to assist you


Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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Tue Aug 7, 2012
Richard Schulman answered:
Hi Olga,

The price range depends on exactly what you are looking for. But to give you an idea, in West Hollywood in the past 6 months of sales for a 1 bedroom was around 400K, and in the lower 600s for a 2 bedroom. Keep in mind there is a very wide range of what's available though, depending on the specific area and condition of the condo. Feel free to contact me and I can give you a more in depth analysis about the current West Hollywood market and send you some listings that would match your criteria. I would be happy to help you out!

Richard Schulman
Keller Williams Realty
#1 Buyers Agent KW Los Angeles
(310) 482-0173
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0 votes 12 answers Share Flag
Wed Jun 23, 2010
Monique and Joe Carrabba answered:
Hello Clueless.

Usually construction on a lot can run $250 dollars per square foot (builders grade ) not including the land/plans and ground work (retaining walls, foundation, caissons, excavation). You best bet is to get a piece of land that already has approvals and some ground work done to it. With that being said an existing project might be your best bet. There is little financing available for construction either. In order to qualify for a loan, I'd have to get more info from you and could connect you to a few lenders to go over your situation.

In the meantime, if you need assistance finding a rental until your ready to purchase, let me know.
Usually lenders want to see about 2 years of credit history (possibly less).

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900
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Tue May 25, 2010
Anna M Brocco answered:
For an accurate and clear picture on your insurance costs--contact a few local agencies and ask for estimates based on your needs--then choose the one that suits you best.
0 votes 3 answers Share Flag
Sun Jan 2, 2011
Jerry Lorenz answered:

The first thing I would do is to contact a lender and talk with them and see what the qualifications are concerning your specific needs.

Jerry A. Lorenz
Russell Realtors
Cell: 440 724 4402
Check Out My Real Estate Blog:
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Wed Aug 8, 2012
Monique and Joe Carrabba answered:
Hey Weho Confused.

I think that's a great area to buy a property. I don't know yet what the plans are for the TJ's but with the West Hollywood Gateway I think I think it's an excellent place to consider. If I were you I would attend the West Hollywood board meetings as they discuss many of the developments seeking approval in West Hollywood. If you want more info regarding those meetings, please let me know. The area again is only going to get better and if you can't afford West of Fairfax East of Fairfax is a great option. For the moment if you can swing West of La Brea I would focus on that area more so, however they are planning the Hollywood Media Area in that area too with more developements and prices are lower East of La Brea. I give it 3 years. They have already opened spas West of Fairfax and you have the Whole Foods already there. It's culturally rich and that is part of the attraction as opposed to West of Fairfax.


Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900
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0 votes 6 answers Share Flag
Wed Jul 7, 2010
BOB Khalsa answered:
You have not said whether you intend to pay all cash or get a mortgage. For an all cash sale there is no problem buying a property. Be aware that under the Patriot Act you will have to verify the source of your funds. If you plan on a mortgage and are a US Citizen once again there is no problem in purchasing property in the US. However, If you are a British citizen and you do not have a Permanent Resident status (commonly called having a Green Card) but you do have a work permit and a Social Security number then yes you absolutely will be able to get a mortgage. The following will apply.

1. Your work history in the US must be verifiable and that includes a work permit.
2. Lenders prefer that you are on a salaried job (W-2) status but if you are self-employed then there are certain conditions (see below).
3. 2 years of tax returns but if you have only one year then the job history will assume greater significance (on the same job or changed jobs).
4. Bank statements for previous two months. Be ready to explain any large sums of money that have been deposited in your account. Incidentally, under the Patriot Act escrow would be verifying a paper trail for the previous 6 months for the funds you use in the transaction. If you are self employed have all your bank statements ready for verification of income. If you have incorporated or own a business in a form other than as an individual, you will also need tax returns and bank statements of the corporation (or LLC, etc).
5. Your down payment would vary between 20 to 50% in some cases, 20% if everything checks OK and your debt to income ratio is within specified limits.
6. Some lenders will not do a Condo purchase - only single family homes.
7. Credit history. If you have not built up an adequate credit history then your work and income history becomes really important.

While you are shopping around for a loan, please do not make any expensive purchases on your credit card as it will change your debt to income ratio adversely.

Unlike the UK there are no solicitor’s (we call them Attorneys) fees unless you need to consult one during the purchase process. The transaction itself is handled by a third party entity called an "escrow."

As regards taxes, you will have to pay Property Taxes yearly which, as a rough guide, approximate 1.25% of the purchase price or tax assessor's value. For taxes on your income derived from the property, you will have to consult a tax advisor as double taxation rules may apply.

If you need help with the loan or with the purchase let me know.

Bob Khalsa
Broker Owner
United America Realty
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0 votes 5 answers Share Flag
Thu Apr 10, 2014
What do you mean? Are you trying to get a new listing or to get an old one you had and you lost?
Please spacify
0 votes 2 answers Share Flag
Thu Mar 25, 2010
Monique and Joe Carrabba answered:
Hello Ray,

I would think that adding such a deck would void the builders warranty. Any damage to roofs is usually covered by the HOA but it could turn into a big issue if some people do use the decks and some people don't and creates issues with the roofing. Find out if in the CC&Rs what is stated about the use of the roof and who covers what and what modifications are or aren't allowd. I don't see why at resale you couldn't advertise the deck. You could advertise it as a unpermitted deck. Or just disclose that the deck isn't permited as a deck. I would also request from the builder to get structural info that supports that shows the that the roof would support the weight of a deck. Also find out if insurance would cover any use of the deck/roof. Say there was a fire from a BBQ. Would that be covered. This could be a big can of worms. I've seen other decks in WEHO that are roof top decks. Are they saying each unit would need a fire escape or just that the roof would need a fire escape?


Monique Carrabba
The Reavis Group
Keller Williams
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0 votes 3 answers Share Flag
Wed Aug 20, 2014
Karen Miller answered:
Hi Ray,

First of all, what the sellers paid 3 years ago has nothing to do with the value today! Maybe they underpaid then. Analyzing the comps is your best method of determining value. If truly comarable condos in the area are going for the mid 600,000s, you should offer in the low to mid 600,000s.

Do you have your own agent? If not, find someone right away who can advise you properly. If the sellers of this property won't budge, find another condo. There are plenty on the market today.

Good luck,

Karen Miller
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Thu Sep 23, 2010
Infinity Realty Network answered:
Dont quite understand the question please clarify. Are the Low prices you are viewing actual listed prices for sale? If that is the case then you would usually hire a realtor inspect the property and make an offer based upon what you realtor suggests. If you are talking about auction prices, then you must be careful alot of times those prices are not what they suggest. best bet talk to a Realtor and have them help you sort through the Foreclosures your interested in.

Good Luck
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