9706 Kirkside in Escrow (Short Sale)

9706 Kirkside Road, Beverlywood

Visit: http://9706kirksideroad.com

Short sales can take a long time. Fortunately, I was able to find solid, patient buyers who were willing to endure the lengthy, and sometimes frustrating short sale process. In the end this home will go to a good family who will cherish this property. The seller will benefit from getting out from "underwater". Stay tuned for final sales price.

Stunning New Listing – Blocks From Beverly Hills

1240 S. Corning Street #306

Los Angeles, CA 90035

A breathtakingly remodeled two bedroom, two bath condo centrally located just blocks from Beverly Hills. This top floor unit has been completely rehabbed with remarkable attention to detail. A light-filled living room with soaring ceilings, gorgeous fireplace, and tasteful understated wet bar greet you upon entering. Rich Mahogany hardwood floors grace all of the public spaces. Updated electrical scheme with recessed lighting and high-end rheostats throughout. The master suite features spacious closets, dual sinks, dual shower heads, tub and separate shower stall. Both bathrooms have been meticulously redesigned and configured. The kitchen boasts, stainless steel appliances, lovely ceasarstone counters and custom, designer cabinets and tilework. This condo also comes with in-unit laundry featuring large capacity washer and dryer. A brand new furnace, two underground parking spaces, additional storage, low HOA fees and small community gym round out this fantastic offering. Not to be missed.
Listed for $559,000
Call Anthony Diaz-Perez for showing information (310)777-6230

Cheaper to buy than to rent in 72% of largest U.S. cities

Trulia: Former homeowners flooding rental market

By Inman News, Monday, January 24, 2011.
Via Inman News™

Despite the rising number of renters across the country, it is cheaper to buy a home rather than rent one in 72 percent of the 50 largest cities in the U.S., according to an index released by real estate search and marketing site Trulia.

"Since the start of the 'Great Recession,' many former homeowners have flooded the rental market. Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets," said Pete Flint, CEO and co-founder of Trulia, in a statement.

"Though necessary for achieving true economic recovery, stricter bank lending practices have also further aggravated the struggling housing market in the short term. Even highly qualified homebuyers face intense scrutiny on their income, savings, existing debt and credit history before they can get a mortgage loan."

Trulia's rent vs. buy index compares the median list price with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com as of Jan. 10, 2011.

A price-to-rent ratio of 1 to 15 means that it's much cheaper to buy than to rent in a particular city. A ratio between 16 and 20 means that it's more expensive to rent than to buy, but, depending on the family's situation, buying could "make financial sense," the site said. Any ratio above 20 indicates that owning is much more costly than renting in a city.

In 36 out of 50 of the country's most populous cities, buying a two-bedroom home is less expensive than renting one. These cities include many areas that have been hit hard by foreclosures, such as Las Vegas, Phoenix and Fresno, Calif.

Read the full article Here:

Are prices down in LA?.. No they are not!

Median Sales Prices For Single Family Homes in 25 selected areas

The news here is good. In only seven out of these 25 areas do we see reductions in the median sales price, and out of those 7 only 3 areas (Brentwood, West Hollywood and Malibu) show reductions in the the double digits. That leaves eighteen of the most popular areas of LA showing positive growth in this challenging economy. This data while representing only a portion of the LA metro area supports what I previously reported in this blog (via the Washington post) that prices are rose slightly last year in the LA, SF, SD and the Washington DC areas, while prices nationally continue to drop or are flat.

2010 Compared with 2009 and percent change

Area	2010	2009	% +/-
Beverly Hills	$3,200,000	$2,900,000	+10.3%
Beverly Hills P.O.	$1,850,000	$1,699,999	+8.8%
Sunset Strip – Hwood Hills	$1,200,000	$1,200,000	+0.0%
Bel Air/Holmby	$1,590,000	$1,550,000	+2.5%
Westwood - Century City	$1,300,000	$1,300,000	+0.0%
Brentwood	$1,723,885	$2,057,500	-19.3%
West L.A.	$697,500	$665,000	+4.8%
Cheviot Hills/ Rancho Park	$1,200,000	$1,249,500	-4.1%
Beverlywood Vicinity	$800,000	$778,000	+2.8%
West Hollywood	$760,000	$850,000	-11.8%
Venice	$975,000	$980,000	-0.05%
Marina Del Rey	$1,550,000	$1,225,000	+18.3%
Palms - Mar Vista	$740,000	$700,000	+5.7%
Santa Monica	$1,634,000	$1,579,000	+3.4%
Pacific Palisades	$1,815,000	$1,930,000	+5.9%
Hancock Park	$982,500	$905,000	+8.0%
Beverly Center-Miracle M	$905,000	$880,000	+2.8%
Hollywood	$453,500	$413,000	+9.6%
Silver Lake/Echo Park	$600,000	$600,000	+0.0%
Los Feliz	$931,250	$920,000	+1.2%
Westchester	$670,000	$679,000	-1.3%
Hollywood Hills East	$922,500	$950,000	-2.9%
Playa Del Rey	$1,000,000	$940,500	+6.3%
Malibu Beach	$4,100,000	$6,150,000	-50.0%
Malibu	$1,725,000	$1,717,845	+0.04%

www.anthonydp.com has launched!

Introducing the all new anthonydp.com! Your one-stop spot for Los Angeles, Beverly Hills and Westside real estate. Easy navigation, elegant, simple design, integrated MLS search tool. Click the link above and check it out.

Homefront September Newsletter is now available online

This month's newsletter is now available. Click the link below. Feel free to share it online, or click the link at the top of the page to join the email list.

Follow this link:
HOMEFRONT SEPTEMBER 2010 EDITION

Just Sold - 3253 Benda Street, Hollywood Knolls

1937 Hollywood Knolls traditional with modern appeal. 2 bedrooms, 1.5 baths plus wonderful gallery-like den/office with high ceilings. Stylish and tranquil house ffeaturing crown moldings, hardwood floors, newer double paned windows, copper plumbing, remote controlled lighting, and a cool vibe. Great outdoor spaces - front view deck off the living room, secluded brick courtyard, side patio and grass yard. Tuck under attached garage with storage/workshop area. Terrific house on a lovely leafy hillside street.

Just Sold - 5506 76th Street, Weschester

Located in the Osage heights area of Westchester - This spacious 3 bedroom 2 bath, 1400 square foot home boasts gleaming hardwood floors, permitted master suite and two story garage/office additions, den, sun porch, and lots of closet space. Close to the Westchester charter school on a quiet residential street.
Sold For $596,000

Great New Condo Listing - 938 Palm Avenue #10, West Hollywood

Terrific price, spectacular location for this stunning West Hollywood condo. Two bedroom, 2 bath second floor unit in small pool building in the heart of prime WeHo, north of Santa Monica Blvd. Features include: open floor plan with newer Australian Merbau hardwood floors, designer kitchen with stainless steel appliances, 4 skylights, enormous master bedroom suite with Jacuzzi tub, and spacious closet, in-unit laundry, large dining room, recessed lighting, 2 side by side parking spaces and additional storage locker, building boasts a lovely, private pool area. No need to drive anywhere, this great home is walking distance to great shops, restaurants, bars, and grocery stores.

Listed For $485,000

Click here to see the video tour

Click Here for the virtual tour

Friday Morning, Inglewood

Copyright Anthony Diaz-Perez

Shipping Container Dwellings Strike Again!

Via Curbed LA

I have already posted on modular shipping containers homes. It seems that even the Boy Scouts of America know sustainability. Curbed LA covers the architectural firm Gensler's replacing of the cabins that southern California scouts use on Catalina Island with sustainable shipping container structures. Check out the story here.

Massive Solar Power Project Proposed For Owens Valley

Many of you already know the rich and troubled history behind the city of LA and more specifically the Dept of Water and Power (LADWP) and the Owens Valley. For those of you who don't, the short version is: every drop of water that we get originated from the Owens river. The Los Angeles aqueduct, the brainchild of William Mulholland, delivers water from the the eastern Sierras into the DWP system. The growth and expansion of the San fernando Valley and the LA basin can be attributed to Mulholland's acheivement.

An impressive feat of engineering on the one hand, but a painful chapter in the lives of those Owens Valley residents who saw their environment completely change, and not for the better. The eco-system of Owens lake was obliterated and the valley now struggles with dust storms that result from the drying of the landscape.

There may be a happy ending to this sad tale with the recent news that the DWP has Proposed an enormous photovoltaic solar project at Owens lake. The proposed project, when completed, would span an area the size of Cleveland, Ohio. If approved, the resulting sustainable energy and green jobs that it would create, may be a gift that keeps on giving for the locals.

The DWP will need to enlist local support and repair the trust (if it ever existed)between the community and the Los Angeles municipal government. Given the history of the past 100 years that may be the biggest hurdle of all.

See the Los Angeles Time article here.