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Posts Tagged ‘Los Angeles’

Charles Dunn Company Negotiates Multifamily Sale Transaction

February 17th, 2011 No comments

Los Angeles, Calif. – Albert Shilton and Blake Rogers of Charles Dunn Company’s West Los Angeles office closed a note sale of a 35-unit multifamily property located at 4620 Coliseum St. in Los Angeles, Calif. The 29,718-square-foot apartment building was built in 1954 and is 83 percent leased. The transaction value is undisclosed.

“There were more than 400 code violations on the property at the time of sale,” explained Shilton. “Along with the note, the buyer received a deed in lieu of foreclosure in a simultaneous transaction.”

Shilton and Rogers represented both the buyer, 4620 Coliseum St., LLC, and the seller, Pacific Premier Bank. The transaction was the second note sale with the same lender and buyer.

About Charles Dunn Company

Charles Dunn Company is one of the largest full-service brokerage firms on the West Coast. Established in 1921, the Los Angeles-based company provides a full complement of real estate services. For more information and office locations, please visit www.charlesdunn.com.

Los Angeles Real Estate Agent Rates Highland Park in Top Five Desirable L.A. Neighborhoods

August 10th, 2010 No comments

Highland Park, Calif. – Highland Park in Los Angeles has great benefits according to local real estate agent Raphael Guerin, who rates Highland Park in the Top Five Desirable Northeast L.A. Neighborhoods. Guerin, who specializes in Northeast Los Angeles real estate, says that Highland Park offers a culture of appreciation for the arts and a sense of community to residents that can be difficult to find elsewhere.

Guerin says that Highland Park’s affinity for the arts goes back to its history as a charming artist’s colony and gateway to the City of Los Angeles back in the 1800’s and early 1900’s.

“Highland Park stands out among L.A. neighborhoods as the home of Los Angeles’ first museum, the Southwest Museum. In fact, an historic piece of Highland Park real estate is the rustic stone and adobe home of Southwest Museum founder Charles Fletcher Lummis. The Heritage Square Museum of several preserved Victorian Homes is an additional attraction that also holds various events throughout the year for the community.”

In addition, he states the Audubon Center at Debs Park is a prominent fixture in the area with a variety of family programs being offered.

“Highland Park is the home of one of the most respected nature conservation centers in the country, located in nearly 300 acres of scenic native woodlands and grassy fields which also expands into the community of El Sereno. Over 140 species of birds have been spotted at the Audubon Center, and a number of nature programs are available to the public.”

Guerin says that nature and the arts are not the only attractions for families interested in moving to Highland Park in Los Angeles, CA. He notes that the Craftsman, Custom and Vintage homes in Highland Park represent a sensational value for today’s buyers seeking character and view properties.

With over 200 properties sold this year so far in Highland Park, he says that bank-owned property inventory is minimal and short sales account for about 25% of homes presently for sale.

“There are many Highland Park homes for sale as interest rates hover in the 4% range offering a historic buying opportunity to get into this desirable Northeast L.A. neighborhood at bargain prices in a prime location.”

Guerin says that average home prices range from the upper $300s to mid $500s, with inventory at approximately 100 single family homes now available for sale.

“Highland Park residential properties are currently under contract in about 60 days, with about 3.5 months worth of inventory. These are healthy statistics for this market.”

What does all this mean for the average homebuyer? Guerin says that’s an easy question to answer.

“Now is a great time to buy a home in Highland Park, one of the Top Five Desirable L.A. Neighborhoods.”

Raphael Guerin’s Top Five Desirable L.A. Neighborhoods:

1. Mt. Washington
2. Eagle Rock
3. Atwater Village/Silver Lake
4. Highland Park
5. Glassell Park

For more information, contact:

Raphael Guerin, Realtor/e-PR0
Short-Sale & Bank-Owned Certified Specialist
DRE-LIC # 01381746
Keller-Williams Realty
1660 Hillhurst Ave.
Los Angeles, CA 90027
(323) 369-5111
raphael@kw.com
http://discovernelahomes.com

Mount Washington Homeowners Association Boosts Property Values

March 3rd, 2010 No comments

Mount Washington HomesWhen communities come together, they can do great things. Take the Mount Washington neighborhood of Northeast Los Angeles, for instance. Residents banded together long ago to create what’s called the Mount Washington Homeowners Association. This alliance citizens who care about their home values and community has added real value to home values in the opinion of local real estate pros like Ralph Guerin who sell Mount Washington homes.

One of the most interesting things this group of homeowners has done is to create an archive of the oral and written history of the area, going back quite a few years to some of the elderly residents who lived there in the early 1900s. This ability to preserve stories from the “exclusive” neighborhood (exclusive in the sense that it is desirable and supply is limited, but prices are still very reasonable) has given a real sense of community to residents and a heritage worth passing down to future generations.

Only a few minutes from Silverlake, Mt. Washington homes make a great place to live for those needing to commute to nearby Burbank, Glendale, or Pasadena. Of course, the freeways are close by for those who need to go a bit farther, but by all accounts, the quiet bedroom community makes a nice place to come home to at the end of the day.