Southern California Real Estate and Neighborhoods

Month: March 2017

More Renters in Coachella Valley

One of the consequences of the 2008 financial crisis was a rise in the number of renters in the Coachella Valley. So much for the ownership society. The number of long term rentals increased 36% from 2009 – 2015 (California increased 25%). The share of […]

Lots of Development Around the Santa Barbara Waterfront

New hotels, new arts spaces, redone brideges  – a lot is going on around the south end of State Street. MOXI, the Wolf Museum of Exploration + Innovation recently opened, the bridge is being renovated and Hotel Californian, a renovation of the 1920’s 121 room hotel is […]

Lloyd Wright Sowden House Hits Market for $4.7 Million

extS2.jpg

“Designed by architect Lloyd Wright, the 1920s home evokes a Mayan temple with its pyramid-like facade and concrete block construction. Depicted on the blocks are symbols for elements such as water, earth and air — a flourish also employed by the architect’s father, Frank Lloyd Wright.”

“On and off the market for the last four years, the Sowden Residence last changed hands in 2011 for $3.85 million, property records show.”

Lloyd Wright-designed Sowden Residence in Los Feliz listed for $4.7 million

Discover Playa Del Rey: The Beach Town For the Rest of Us

It’s not as cool as Venice and not as Mayberry as Culver City, but there is a lot interest in Playa Del Rey due to the nearby tech scene. What was once “the most underpriced, orphaned community on the Westside” is now hot. “A beach […]

Newport Beach Housing Undervalued

“Historically, properties in this market sell at a 33.2% premium. Today’s premium is 26.2%. This market is 7.0% undervalued. Median home price is $1,668,500. Monthly cost of ownership is $7,660, and rents average $6,245, making owning $1,402 per month more costly than renting. ” Newport […]