Homes for Sale

Monday, June 10, 2019

Five Reasons You Might Care that 30-year Fixed Mortgage Interest Rates Are Under 4% Again


 

Mortgage Rates Drop one full percentage point in 2019, and Still Headed Down


I challenge you to find a single pundit who predicted in 2018 that we would have falling interest rates this year. But truth is often stranger than fiction. Today we have rates that are, on average, one point lower than they were just seven months ago at 3.85 vs 5.05. To make matters even more interesting, the market currently believes that the Federal Reserve is going to cut rates once or twice before the end of 2019 or early 2020. We could be on our way to 3.5%, 30-year fixed rates.

How might this effect you and your plans:

1.     If you are planning to buy a home, this may be a really good time. We have just found out how inexact the science can be when it comes to predicting future rates. Many are now predicting that rates will stay low for quite some time, but it doesn’t take much to turn that corner again.
2.     If you are planning to sell your home or other residential property, the buyers have more buying power, by a lot. You are much more likely to have more traffic, and your traffic will qualify for more home than they would have six months ago. This means you are likely to get more for your home.
3.     If you bought a home between January of 2018 and March of 2019, you may be able to refinance that purchase and save. Generally, if you can shave even ½%, you can benefit from refinancing your loan.
4.     If you have current debt from credit cards, cars, student loans, Hero loans, or other debt with an interest rate above 7%, it may be to your benefit to consolidate your debt in a refinance of your entire loan, rather than using a HELOC. This will be especially true if your current mortgage interest rate is above 4.25 and you have outstanding debts of $25,000 or more.
5.     If you are over 62, you may want to consider a reverse mortgage on your current residence and eliminate future mortgage payments. You might also consider a reverse mortgage for the purchase of a smaller retirement home, also with no future mortgage payments.

Call Whit Prouty if you are ready to buy or sell a home. He will help you find the best possible deal, and he can even help you get a great mortgage through his many contacts in the industry. Call Whit today at 310-777-6302

Monday, May 6, 2019

Five Movers of Los Angeles Residential Real Estate Prices in the Spring/Summer of 2019



 Los Angeles Is Still a Sellers’s Market

1. The economy is ripping along with no evidence of a slowdown anytime soon


This has been a very long housing recovery. Because the economic recovery and the housing recovery have both continued over such a long stretch, forecasters seem more and more cautious in their predictions. So, while you can find some who suggest that we can’t sustain 3% growth over the balance of 2019 or into 2020, these same predictions are generally very light on their evidence to support such claims. The Fed has been on the low side of these predictions, but even after the 3.2% 2019 Q1 surprise, they continue to suggest more subdued increases into 2020.

On the other hand, there are almost no predictions at this time of a recession in the near or mid-term. Couple this with no significant inflation, solid wage increases, plus full-employment, and everything looks positive for consumers in the next 20 months or so.

2. Inventories of unsold homes in Los Angeles continues to be low, though increasing


We have had an imbalance of buyers to sellers for many years now, and there is still a reluctance to sell on the part of those who own their homes with no mortgage, low interest rates if they do have a mortgage, and benefits of prop 13 low property tax rates. Even those who move out commonly put properties up for rent rather than sell.

During the last 10 years, investors have also gobbled up huge numbers of single-family dwellings and now rent them out. This has reduced supply.

Unless something comes along to pry these homes out of the hands of those determined to hold on for dear life, lack of supply is going to favor the sellers.

3. Lots of money in the hands of Gen X and Millennials – more dollars on the way


Gen X may be the quiet generation, but their grandparents and parents are starting to pass out wealth to this group. The Boomers will transfer wealth to their kids and grandkids in unprecedented amounts. At no time in the history of humans has there been anything like this wealth transfer.

Millennials are now getting to that place where they are very likely to buy. Their income is going up due to experience, they need more space for their family, even if it is only one or two kids, and they are more likely to be interested in a house with a yard instead of an apartment. If they get the down payment from Mom or her trust, they are likely to want to buy something or move into something nicer.

4. Influx of immigrants will put additional pressure on housing in the LA residential realty market


Whether or not you want a wall is irrelevant. 2019 and 2020 will see the largest influx of legal and illegal residents ever. Don’t pay attention to the politicians on this. The reason folks are coming here is JOBS. We have the lowest sustained unemployment rate in history. Companies are struggling to grow because they can’t find workers. That word gets out. Sure, some may be fleeing difficulties, and some may actually be impressed by freedom. But whatever the reason, there is going to be continued inflow at these levels as long as there are jobs to attract them.

At the other end of the scale, the newly rich from all over the world are still eyeing LA as a favorite place to settle. While there is a bit of evidence that foreign capital for personal residences and investment has slowed somewhat as prices have continued up and up, the overall picture is unlikely to stay subdued. Family members will want to follow those who have come ahead of them.

Techies are adding to the influx of residents to the Los Angeles Real Estate Market


Finally, though certainly not a small part of the story, LA is likely to continue to be a huge destination for highly paid engineers, programmers, content creators and related professionals in all areas of internet and entertainment…especially where the two meet.

Silicon Beach must now include Hawthorne with SpaceX dominating the neighborhood. There is no land left to develop, so when you have more highly paid professionals bidding for the same number of housing units, prices must go up.

If you are thinking of selling your home, the right realtor will get you the highest price with the least hassle. And engaging a top-drawer realtor costs no more than a rank beginner. Whit Prouty is ranked in the top 2% of realtors and has written a book on how to sell your LA home. If you’d like to discuss the value of your home or other aspects of a possible sale, Whit will be more than happy to provide you with advice and direction. Give him a call at 310-777-6302

 Cal BRE#: 01303275








Wednesday, March 27, 2019

2019 2020 Los Angeles Real Estate Comprehensive Report - Still a Buyer's Market Though Cooling

The most amazing thing about the following prognostications regarding the Los Angeles Real Estate Market in 2019-2020 is that economics 101 is driving every single one of them. Here’s the list. The detailed explanations follow.

1.     Prices of all homes in all price categories in all neighborhoods will continue up

2.     Rents will also be up, except maybe in DTLA

3.     Mortgage interest rates will continue steady at least through 2019

4.     Inventory of homes for sale and rental units will be similar to 2017. Extremely limited

5.     Inglewood and Hawthorne will be the next cities to gentrify

6.     The working poor and middle class will be forced out into the Inland Empire

7.     DTLA to WLA will become like San Jose…almost recession proof

If you are interested in this article, then it is likely that you are actively watching the real estate scene in Los Angeles. If so, you might think the above seven predictions aren’t all that surprising. But if you are a residential real estate owner, or you plan to either buy or sell in this market, then you might be looking for confirmation of your own ideas of what lies ahead.

Silcon Beach exploding with tech companies https://uclavcfund.files.wordpress.com/2014/11/page1image14392.png
For the most part, this article will examine the Los Angeles market from Downtown Los Angeles (DTLA) to the beaches and from Malibu to Seal Beach. Neighborhoods south of DTLA the 10 fwy) are under pressure to gentrify, but there is political pressure to stop that from happening. The neighborhoods east of DTLA will all be inventory challenged, but not in the way that we will continue to see in the DTLA to Santa Monica area.

If you agree with this list, or if you disagree in whole or in part, we’d love to see your thoughts in the comments.

1.     Prices of all homes in all price categories in all neighborhoods will continue up

At the core of all markets we know that supply, demand, and price are forever linked. If supply outstrips demand, prices will fall. If prices go up too far, it creates downward pressure on demand. We have not reached either of those points yet. Whether you define the neighborhoods under discussion as the Wilshire corridor, the 10 fwy corridor or maybe, more expansively, Silicon Beach, the lack of land available for development is not ever going to change.

Los Angeles has no place left to build except to increase density
When there is no land available, supply can only be increased through leveling existing property, and that is happening. However, it takes far longer to increase residential units by increasing density than it does to develop raw land. Therefore, it seems likely that Silicon Beach will mirror New York City or San Francisco. When the land is virtually 100% developed, prices resist downward pressure except in the most extreme recessions.

Los Angeles 3rd highest Nominal GDP


The other side of the equation is demand. Los Angeles has finally become a world class city. Through a bit of luck the necessary combination of location, culture, educational facilities, and infrastructure have all come together in the last 10 years. You could say this happened when the tech industries closed the gap between Santa Monica and Marina Del Rey. Everyone knew that someday Venice beach would have to gentrify. When that happened and Playa Vista was developed simultaneously, Silicon Beach was born, and the entire region was impacted.

Now the demand for housing comes from the tech influx in addition to wealthy international buyers who want a home in the newest world class city. For this demand to drop would require a huge international recession. And, of course, these are generally short lived. One could imagine prices being shaved for a short time by 20 – 30%, but they would inexorably begin up again after the recession ended.

Price pressure is the third component. The prices might get so high that the rational buyer or the incremental buyer is priced out. They’d rather live in Long Beach, San Diego, or some other beach community. Anything is possible, but the prices in these areas are not enough lower at this time to draw folks away from the wide beaches of Santa Monica and Venice. 


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Moreover, the other tech cities along the coast have higher housing prices without the amazing weather, entertainment, cultural facilities, educational options, not to mention mountain and deserts playgrounds. 

2.     Rents will also be up, except maybe in DTLA

Econ 101 tells us about rents as well. Supply, demand, price. Then you add in one more component…housing prices. There are two reasons why housing prices effect rent. One is that tenants have the choice to become owners, so there is always an equation that makes that choice more appealing. It isn’t all about finance, of course. There are plenty of emotional and practical elements, too. But the financial one is key even then.

If the economics of owning a home became so much better than renting, then the practical aspects, such as length of planned occupancy, change. It becomes practical to own even if you only think you’ll be in that home for four years instead of five.

The other side of the rent vs buy story is the landlord’s equation. The cost of the property must be low enough compared to the rent to provide the landlord with an appropriate return on investment. As rents go up, so does the cost the landlord is willing to pay, and vice-versa. 

The same factors driving up home prices are driving up rents. The only place in LA where there might be enough new apartments to meet demand is DTLA. And that oversupply, if it is one, might be very short lived. If developers can’t cross south of the 10 fwy, and the LA City Council voted in November 2017 to make it much harder, there won’t be enough places to build more apartments. But in the short term, there might be a little give back on rents in DTLA.

3.     Mortgage interest rates will continue steady at least through the end of 2019

Can you find one pundit who, in 2012 or 2015 or even early 2017 would have estimated we’d still be under 5% for 30-year fixed mortgages? But here we are. We continue at these historic low rates, even in the face of Fed tightening and the beginning of the Fed selling off mortgages to reduce the huge overhang of assets that it has been carrying. Now the Fed has said they will stay neutral for the rest of 2019, which caused a drop in rates that should continue through the rest of 2019

The economy may get going again later this year, which could result in bond interest rates increasing, even if the Fed stays neutral. I don't expect mortgage rates to be above March 2019 levels for the rest of 2019. However, some tightening could start to drive rates higher in 2020. Expect the Trump administration to try and jawbone down any such increases, since a slowing housing market could hurt reelection chances.

Why are mortgage rates still so low, and why might we get another year of only slight increases? Econ 101 again. The folks demand to receive “real” returns on their safe investments of about 2%. So if inflation is at zero, or close to zero, then real interest rates for treasuries and super-secure bonds will be around 2%. Mortgage lenders need to charge more than that, as home mortgages are not as secure as US treasuries.

What is the spread between inflation and mortgage rates. Around 3%. So an argument can be made that interest rates should be closer to 5% with inflation now moving towards 2%.

And there is every reason to believe that this will take place over the next few years as the economy continues to heat up and wages begin to climb faster. Wage inflation has been the missing component, but is now starting to kick in. Too many folks were out of the labor market or working way below their skill level. That gap is starting to close and wages are starting to move to where they should be when unemployment is so low. It will probably happen this year or next.

CPI in 2017 - Just barely 2% with recent months lower
So the bond market doesn’t believe in 2% inflation yet. Thus mortgages for around 4%. There is also a supply demand issue for the mortgages themselves. Far fewer mortgages are being written, because home purchases and refinances are way down. This means too many mortgage companies chasing too few mortgages. That is not likely to continue. Markets generally close such gaps.

Figure mortgages around 4% all of 2019. Then we might see 4.5%. If wage inflation hits 2% or more for two quarters in a row, then 5% could happen in 2020 or 2021.

4.     Inventory of homes for sale and rent will be similar to 2018. Extremely limited

When the market for anything gets really tight, and the prices start getting really high, those who own the thing commonly start thinking about cashing out. After this huge run up in housing prices, why aren’t folks in LA cashing out. The list is very, very long

A.    Where will they move? Housing gridlock. “I can’t sell because there is nothing I want to buy.” It is possible that some wave effect might occur where a bunch of folks decide to sell, and then there’s enough inventory, which opens up another wave. This could happen because of a fear of recession or future downward pressure on prices. This does not seem likely. If you can afford to live in LA, there is not much motivation to leave. If you do want a larger or smaller house, or one that is in another neighborhood, you haven’t increased the local inventory at all.
B.    No mortgage. A very high percentage of the owners in LA have no mortgage or a very low mortgage with very low payments. There is absolutely no incentive to move.
C.     Low mortgage interest rate. No incentive to pay for a new mortgage that might be a point higher than now.
D.    Low property taxes – prop 13. If you move, you are now paying current year property taxes rather than what might be substantially lower taxes.
E.     Cost of moving. Currently it will cost the average owner $70,000 or more to sell an existing $1M home and buy another. For some who bought that same home for $300,000, $70,000 seems like a lot of money.
F.     Been in the house for a very long time. Westside residents, in particular, tend to live in their homes for a very long time. Moving means uprooting friendships, learning new neighborhoods, etc.

We’ve already noted that inventory is not going to grow from new construction. With the exception of DTLA, there is no part of Los Angeles County where building permits are even hinting at the kind of new units that would begin to catch up with demand.



You want a sure bet in real estate. Think back to Venice in 2005. Santa Monica and Mar Vista were sold out. Culver City had the fastest rising cost of housing in the state. Marina Del Rey was sold out. Playa Vista was an old helicopter testing field and wildlife preserve. Venice was surrounded and it was a gang-infested hell hole. Property was dirt cheap and it was walking distance to some of the best beaches on earth. What would one guess could happen someday.
Fast forward to 2019. Venice has the highest cost per square foot for housing in Los Angeles. Playa Vista is sold out and is moving north into the seedy part of Culver City. (homes are only $1,100,000.) Westchester is gentrifying quickly. The airport is being remodeled. The Crenshaw line is being constructed. The forum has new life. The Rams and Chargers will be playing in Inglewood shortly.

City of Champions Stadium will force gentrification in Inglewood and Hawthorne
Most of Inglewood and Hawthorn could use some gentrification. And the owners of the Rams certainly saw the potential for Westward expansion of Silicon Beach. Will it take a year or five years? Hard to know, but there is no place else left to go.  Inglewood has passed a short term rent control measure due to exploding rents. This expansion might go all the way to the 10 fwy at La Brea – Crenshaw, but it will start in Inglewood.
Hawthorne also benefits from the stadium and the eastward expansion. In addition, it is also home to SpaceX and the boring company. Who knows what impact Elon Musk might have on Hawthorne as it becomes the starting point for the new car movers under the 405 freeway? Already support companies for SpaceX are eating up industrial property in the area. And you need to house all those engineers and skilled workers.

6.     The working poor and middle class will be forced out into the Inland Empire

What do you do if you can’t afford $1500 a month for a bachelor or $2000 a month for a one bedroom in Silicon Beach. You either have to move to poorer neighborhoods, go into the valleys, or go much further east.
The Inland Empire leads by far as destination for buyers leaving primary markets

There are places in South Central that are now improving due to the same pressures that are creating improvements on the West Side; not enough room for the folks who can afford more. Thus those who can’t afford more have to move where the housing is affordable.

There are also places in the Valleys that are more affordable, but only by a few hundred dollars per month. There isn’t really much space to add more housing in San Fernando or San Gabriel. So rents and home prices are high in the better neighborhoods.

Distribution and logistics facilities eating up land in Inland Empire
Where can you go? There’s still a lot of land in Ontario, Riverside, San Bernadino, Moreno  Valley and surrounding areas. But there is an explosion of industrial building in these regions as this area has become the distribution center capital of the US. 2,000,000 square foot buildings are eating up land in great gobs. Even so, Riverside is currently seeing the largest number of new residential dwellings in the Southland. Housing is only half the cost of West LA in Riverside, and less than that in the neighboring cities. Watch this area explode in the next 5 years.

7.     DTLA to WLA will become like San Jose…almost recession proof

Los Angeles almost averted the 1991 recession. Unfortunately there was a corresponding reduction in military spending which undermined the employment of engineers and skilled workers.

The 2000 recession was caused by the dot com bust, and LA was hit pretty good due to heavy reliance on a broad array of dot come issues.

The 2008 recession hit LA, but not as hard as Phoenix or Miami. If you look at those recessions, the areas that did best were those that had diverse economies and no more land. San Francisco and NYC saw prices drop, but not as much and the rebound was faster.
Hi Tech and Entertainment need one another. They've come together in LA

LA may be reaching that point. The economy is now very diverse. Certainly some kind of tech based recession would hurt. But LA and its neighbors are now the number 1 tourist destination in the world. The entertainment sector is actually being helped by the tech infusion, as the two often need one another.

The distribution centers in the Inland Empire are driving massive increases in the ports and all types of transportation businesses associated with distribution. Will we see hyperloops built to move freight from LA and Long Beach Harbors to Ontario? Will headless trucks be driving in special lanes? Or will drones be the answer?

The future of LA seems secure. Nothing is certain, of course. But it is an exciting time for Silicon Beach.

Buy it at http://bit.ly/LARealtor
If you are looking to buy or sell a home In the Silicon Beach area, Whit Prouty wrote the book. Check out his newbook, “10 Keys to Selling Your LA Home,” on Amazon.com.
You can set an appointment to discuss your real estate needs by calling Whit at 310-777-6302

If you liked this article, you might also like:

http://blog.whitprouty.com/2017/08/housing-gridlock-baby-boomers-staying.html














Thursday, January 24, 2019

Reduced to $4750/mth. Lease this Luxury Wilshire Blvd, Westwood Condo with Spectacular Rooftop Views and All Amenities

Imagine yourself in beautiful Westwood Village on iconic Wilshire Blvd. The condo is perfectly appointed in every possible way, but you are living at the crossroads of West LA. DTLA, Santa Monica, Venice, the new Ram's stadium, beaches, Bel Air, Rodeo Dr. are all just minutes from your new rental. Maybe you don't want to get in your car at all. Westwood Village has every possible entertainment venue, dining option, and shopping potential. you could ask for. What about the unit and the building.



You will be leasing a fully furnished and tastefully decorated, beautifully updated and open, 2 bedrooms and 2 bathrooms in the prestigious Westholme on the Wilshire Corridor.



This gorgeous unit has dark wood floors, an open remodeled kitchen with stainless appliances and in-unit laundry, dining room, living room with fireplace and access to balcony


The master bedroom suite has a walk-in closet and bathroom with separate shower and tub.



The Westholme is a full-service, luxury building with valet, doorman, on-site management, pool, spa, exercise room, and roof-top deck with bbq, seating, lounging, walking track, and spectacular views of Los Angeles.

















If you are thinking of selling or leasing your home or if you are in the market to lease or buy a residence, Whit Prouty is in the top 2% of the top agents in the US. For this particular lease, the property is co-listed with Fereshteh Kohanim of Nelson Shelton ERA.  Call Whit at 310-962-6942






Just Listed - Won't Last! Huge 3/2, 2336 Sq Ft. Pool/Spa in Woodland Hills 22115 AVENUE MORELOS

The epitome of a "Wood-Land-Hills" home with a flat, very large lot. 11,920/AS

 

                                     

 

Double doors open to a formal entry.



You step into formal living room with brick fireplace, wall of glass to the back yard and vaulted, "Pure Heart" redwood ceiling.









 



The den/family room is located next to the boldly remodeled kitchen with gorgeous stone countertops, custom cabinetry and skylight. 





The dining room has a vaulted, redwood ceiling, is open to the kitchen, and looks out to the idyllic back yard.

 Find True Luxury in a master bedroom suite with free-standing fireplace, redwood ceiling, built-in book case. 


Then the stunning master bath with dual sinks, spa tub, steam shower and Dorn Brache fixtures.


                                                                    




Room-sized built-out closet with custom cabinetry and center island finishes off the master suite.



Two additional bedrooms and full bath complete this 2006 remodeled home. 




Out back there is an expansive wood deck, large grassy yard AND room for a fenced pool/spa. 






Plenty of space for entertaining and fun! There is also an over-sized garage for lots of toys, tinkering, or storage. 

Food, shopping and entertainment just a five minute walk from the door. 

1 - Ameci Pizza & Pasta
2 - Cricca's Italian Deli
3 - Guido's Pizza & Pasta
4 - Bead Lounge
5 - Blinkie's Donut Emporium
6 - Bibi Sara
7 - Starbucks
8 - Yogis Grill
9 - Lovebug Pizza
10 - Rib Ranch Bar-B-Que
11 - Dinner's On the Table
12 - Hungry Land
13 - Scratch Restaurants
14 - Parties At Your Door
15 - Monty's Steakhouse
16 - Red Leopard Tea Co
17 - Cvs/Pharmacy
18 - Scoop Newspaper
19 - Curry Up Cafe
20 - Great India Cafe
21 - Little Brother Sushi
22 - Villa
23 - Mazar Mediterranean Restaurant
24 - Piacere
25 - Hair Replacement Svc


If you are thinking of selling or leasing your home or if you are in the market to lease or buy a residence, Whit Prouty is in the top 2% of the top agents in the US. Call Whit at 310-962-6942


Welcome… Home.

Friday, November 9, 2018

Development Opportunity in Tarzana! Priced for Land Value. Over 18,000 sq/ft FLAT Lot. $799,000

 310-777-6302

Beautiful trees on property and wonderful location close to Shopping in Tarzana. Price Cut to $725,000

 Development Opportunity! Priced for land value. Over 18,000 square foot FLAT lot. Current home has little or no value. Beautiful trees on property and wonderful location close to Shopping, Retail and 101 Fwy. Central South Valley location.


5969 Donna Ave
Tarzana, CA 91356

2 beds2 baths1,380 sqft




Build your large dream home and still have a huge back yard for all of your amenities. Probate Listing requiring court confirmation and overbid. Offers will not be reviewed until after November 26, 2018.




Thursday, November 8, 2018

Wilshire Comstock 15th Floor Unit for Lease - Coastal and CIty Views - Amenities Galore



Luxury at the Corner of Wilshire and Comstock in Westwood

Amazing Luxury Condo in Beautiful Westwood, Lease for just $8400



The Wilshire Corridore in Westwood has been known for luxurious condo living for a generation. The entree way is just one bit of evidence of what the residences here enjoy throughout. 



The decorating in the common areas will have you remembering world class hotels you've visited, but now it is part of daily life for you.




This unit is spacious at 1937 square feet, and the living room/dining room provides you with great bones to create a relaxing retreat or entertainment mecca.


An upgraded kitchen that will make any foodie happy, whether preparing your own meals or heating up your delivery from Spago's.




   
A full bath for the master suite and the guests enjoy a choice of two 3/4 baths. All are beautifully appointed.






Each room includes a view, and the views are the best in town.



Whether coastal towards Santa Monica....


Or overlooking the Cityscape from sunrise to sunset, the views never fail to thrill.






Lest we forget the amenities: Large pool and Jacuzzi is a great place to enjoy recreation or relaxation...




Recreation room fully outfitted, and including fitness center and sauna...

And 24/7 Valet and Security!!






General

  • Rent: $8,400
  • Status: Active
  • Type: Condo
  • MLS ID: 18-403190
  • Updated: 11/1/2018
  • Added: 7 day(s) ago
  • Viewed: 2 times

Interior

  • Rooms/Areas: Master Bedroom, Entry, Living Room
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer, Range
  • Furnishings: Unfurnished
  • Flooring: Stone Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Laundry Area In Unit

Additional Information

  • Shared Amenities: Controlled Access, Gym/Exercise Room, Onsite Property Management, Security, Steam Room, Passenger Elevator, Valet Parking
  • Pool Description: Association Pool
  • Spa Description: Association Spa

Parking

  • Parking Type: Community Garage, Gated Underground Parking
  • Parking: Controlled Entrance

Location

  • County: Los Angeles
  • Driving Directions: South West Corner of Wilshire and Comstock

Community

  • Assoc. Name: WILSHIRE COMSTOCK

Heating & Cooling

  • Cooling Type: Air Conditioning
  • Heating Type: Central Furnace

Structural Information

  • Architectural Style: High or Mid-Rise Condo
  • Stories/Levels: One Level
  • Stories Description: One Level
  • Square Feet: 1,937
  • Year Built: 1961

Lot Features

  • Property View: City View, Ocean View, Panoramic View
  • Lot Size (Sq. Ft.): 85,076
  • Lot Size Source: Public Records
  • Zoning: LAR5

Financial Considerations

  • Price Per Sq. Ft.: $4.34
  • Security Deposit: $16,800

Disclosures and Reports

  • Assoc. Rules: Pets Not Permitted
  • Legal Disclosures: Take Property As Is, CC and R, Homeowners Association, Pet Restrictions, Commission to Buyer Agent