The water police are coming, as they should since California is suffering one of its worst droughts year to date! Today new water regulations have gone into effect; these regulations are no longer voluntary but absolutely mandatory. The fine could be up to $500 a day mostly for repeat offenders. Wasteful water usage such as overwatering your yard, lack of a nozzle on the hose when washing your vehicle and washing driveways and/or sidewalks will result in a fine. The City has a wide range of fines based on each violation some less expensive than others. However, all sanitary water usage by the City to remove graffiti or clean alley ways is permitted. California’s central valley has been suffering for many years, paying very high prices for water usage or being cut-off completely. 
I have heard a lot of rumors about the new regulations, neighbors reporting other neighbors, that the City is going to hire “water cops” and that homes will be required to have automatic sinks and shower heads. With all the new revenue California should possibly invest in Israel’s desalinated water system.
What do you think about the Fed’s decision to conserve water?
Here is your real-time real estate market info:
There are 15 properties available to buy in zip 90402. No new listings as is typical for the summer. No new sales either. 12 listings are still in escrow. There were 3 closings this week bumping the number of closed sales year-to-date to 34.
No New Listings this Week
New Sales this Week
410 Lincoln Blvd. – 3bd + 2ba. $2,695,000. Development opportunity to build a new home. Includes architectural plans that are approved to build a 3 level home w/6-7 bedrooms, movie theater, gym, wine cellar, roof top deck. Last sold in March 2013 for $1,750,000.
New Closed Deals this Week
239 14th St.– 5bd + 6ba. $4,495,000. Sold by Pence Hathorn Silver.
434 19th St.– 3bd + 2ba. $3,100,000.
810 San Vicente– 2bd + 3ba. $2,192,500.
Pence Hathorn Silver Active Properties:
502 16th St. – 5bd + 7.5ba – $8,495,000
1432 Bienveneda Ave. – 7bd + 8ba – $5,295,000
241 19th St. – 5bd + 6ba – $4,995,000
721 23rd St. – 5bd + 5.5ba – $4,495,000
143 Foxtail Dr. – 4bd + 3.5ba – $3,095,000
12727 Sunset Blvd. – 4bd + 4.5ba – $2,345,000
370 N. Kenter Ave – 3bd + 2.5ba – $2,195,000
1411 Charmel Ct. – 4bd + 2.5ba – $1,750,000
3819 Seahorn Dr. – 4bd + 2.75ba – $1,695,000
640 Hill St. – 3bd + 2ba – $1,458,000
416 Entrada Dr. – 3bd + 1.75ba – $1,450,000
2402 11th St. – Duplex, 2bd + 1ba – $1,258,000
Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Ave. community on our North of Montana blog. Add your comments (scroll down to the “Add Your Comment” section) and read other blogs. And please call my mobile phone (310) 924-4014 with any questions.
