Mark's BlogHappy New Year and My 2015 Prediction
The year 2014 is under our belt, and the year 2015 is well underway, promising to be another brutal year on Buyers and stellular year for the Sellers. Numbers are in and the story is the same; Sellers got richer, prices went higher, Days on Market shortened and $/sq ft went up. Let’s take a look at two of the most expensive areas of real estate; homes in Beverly Hills and condominiums along the... [Read more]Part 2 Income Properties: The numbers
Last month we look at the overall concept of investing in income properties. Today we are going to examine actual data and look at the three approaches I use to evaluate the potential value of an income property. I decided to run some figures and quantify in numbers what I was trying to say in English. Words are ambiguous, and numbers aren’t. In the safe investment community of Beverly Hills, the... [Read more]Income Properties: A good bet for my money
How many of us have wondered about the pitiful 1% returns we get on our bank accounts, and have thought that there must be other forms of investment with higher returns commensurate with their higher risk level? Even though bonds and munies are available, the returns that are locked in today will not be sufficient for the higher inflationary days heading our way. Now what? One investment tool you should... [Read more]Let’s Talk Baseball!
Let’s skip talk on real estate. Instead, I have a much more pressing issue that goes to the heart of what we stand for, what we believe in, how we live our lives and if we’ll be alive to see the New Year. Of course, I’m talking about major league baseball. Most of you don’t know this, but MLB is exempt from the Sherman Anti-Trust Act, backed up by an opinion written by Justice Oliver Wendel... [Read more]First Quarter for 2014
The first quarter statistics for 2014 from The MLS continue to verify something we already know; it’s still a strong Seller’s market, the Buyers have fewer choices from a lower level of listings, and the trend will continue but not at this pace. The Wilshire Corridor closed 154 condos along the Wilshire Corridor in 2013, averaging 38.5/quarter. The 1st quarter of 2014 only showed 29 closings,... [Read more]What Happened in 2013 Along the Wilshire Corridor?
All of the sales data is in for 2013 for homes, condos and all other properties sold. Some of it may surprise you. There was a lot of focus on the Wilshire Corridor, because the papers only reported on SFRs (single family residence homes). Condos always follow homes, and the Corridor is the largest collection of full amenity high rise buildings outside of Manhattan. Certainly, we fielded a large... [Read more]The Gap is Widening
There continues to be a distinct and aggressive trend in western societies for the rich to get richer, and the middle class to stagnate. President Obama talked about this in his recent State of the Union Address when he stated, “Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better. But average wages... [Read more]2014 A Time to Act
If you have been thinking about selling your home, your timing is impeccable. But if you’re one of the many people who have been timing the market, trying to make that perfect plunge at the perfect moment, then I’m sure you have figured out by now that you missed the boat. The ship left port eight months ago, and whether you’re a buyer for a condo or house or income property, the... [Read more]Read More Posts From This Category
Wilshire Corridor NewsNewest Wilshire Corridor Listing – Unit 1602
Amazing opportunity to purchase a 2 bed + 2.5 bath in Wilshire Corridor’s desirable Blair House. Ocean and Sunset views by day, sparkling city lights at night! Get a peek at the Getty and UCLA as well. This traditional home, in pristine condition, features stunning hardwood floors throughout, crown moldings, surround sound, recessed lights, gourmet kitchen, huge balcony and separate laundry... [Read more]Available for Lease Call For Details
Available for lease call us for details. 213.280.6415 • 10560 Wilshire Blvd, Unit 601, $5,700/month, 2 Bedrooms + 2.5 Bathrooms, two balconies, stunning evening views and in move-in condition. • 1142 San Ysidro Drive, $12,500/month, 3 bedrooms + 2.5 bathrooms, city of Beverly Hills, pool, outdoor sauna, ready to move in. Call for Details. 213.280.6415 Read More →New Unit in The Wilshire 9NE
Direct access elevator to this stunning 2 bd, 2.5 ba + den! The quality of every item in this unit is not to be believed! A must see. Pack your suitcase & just move in! Enter into the mosaic tiled foyer thru oversized glass doors, welcoming you to the spacious living rm & dining area. Electric shades, sheers, recessed lts, dark hdwd flrs thruout, custom Galice Venetian plaster & grasscloth... [Read more]Read More Posts From This Category