Blog - Archive for May, 2010

Investor Easy Riding

May 15th, 2010

So you have a ton of money in the bank and don’t know what to do with it? Believe it or not there are many people in that situation. Even in today’s financially challenging times there are those with plenty of money in the bank who have accepted that maybe the real estate market in L.A is prime to start buying again and where better to buy then where there is a large pool of foreclosures with a dense population of families in need of housing. Investors, welcome to South Los Angeles. Here property affordability is very high. A two-bedroom 1 bath property can be found in the 150 to 200 thousand range and multi-unit buildings have been known to go for not far from those figures. Often thought of as a dangerous area fraught with crime and social unrest, there is plenty of opportunity for those not easily fettered. No matter what the reputation, primarily due to the collective few who claim the streets in pocket areas, there is a community of hardworking families, students, aspiring young people looking for shelter.  Clean, updated, secure, well-managed apartments can be a challenge to find presenting an opportunity for those who have the cash to buy run down and distressed housing, refurbish these buildings and offer them up to a market willing to pay top rent for a quality home, duplex or apartment. Make no mistake there is much pride of ownership here, you do not have to drive far down one of the residential blocks to find homes with well-groomed lush green lawns, freshly painted porticos and doors. Charming early century bungalows mixed in with more contemporary builds give the community much originality and character. And the inhabitants of these little gems spare no time in sharing their appreciation for your contribution in making their community a more beautiful place to live. Property pictured here can be found at www.lametrohome.com featured properties.

L.A. Metro Home Hot Pick – Picfair Village Beauty

May 2nd, 2010

Beauty in PickfairBuilt in 1928 this renovated Spanish Colonial townhouse style duplex with views  is located in the wonderful community of Pickfair Village, 1626 S. Sierra Bonita, Los Angeles Ca. 90019. Each unit has 2 bedrooms, 1.5 baths, central air conditioning,  in door laundry room with washer and dryer, fully equipped kitchens complete with refrigerator, stove, oven, microwave and dishwasher. Very nice flat grassy back yard perfect for entertaining and barbecues. There is also a gated driveway to park as many as four cars.

All rooms are spacious and flooded with natural light. On the first level you will find the living room, dining room, kitchen, breakfast room, laundry room 1/2 bath and access to a small basement. The living and dining rooms have beautiful bamboo flooring, the stairs and second level are carpeted. On the second floor you will  find two large bedrooms with wonderful city views and 1 full bath. The front bedroom has a small terrace from which you can enjoy a morning coffee or night-cap while gazing out to the city lights view. There is plenty of storage space in the bedrooms and hallway. This wonderful property has one unit available for lease at 2500 a month, 1 year minimum lease, or you can purchase the building for $850,000.00. The second unit is rented at 2300 a month so as the new owner you can live in one while collecting rent from the other. You can find additional pictures and information on this listing and others by going to www.lametrohome.com and selecting featured listings or contact Paul Cruz 310-498-4942, paulcruz@lametrohome.com for more details.