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The Dirt on 1221 Ocean Avenue
If you haven’t heard, 1221 Ocean Avenue (a 120-unit apartment building located just South of Wilshire Boulevard in Santa Monica) has been sold to the Douglas Emmet real estate trust for a whopping $330 million according to The Real Deal.com. Not only is this an impressive purchase, it also means the previous owner of the property, The Irvine Company, no longer has any residential… Continue Reading The Dirt on 1221 Ocean Avenue
Santa Monica Investment Property Musings
By Esther Hickman Did you know that Santa Monica multi-units have the lowest average cap rates in all of Los Angeles County? There are a lot of factors playing into this, but one thing is for sure, multi-unit transactions have remained strong and steady. How is that possible? Here’s one fun example: Our listing, 717 9th Street, North of Montana Avenue: Four Mid-Century Modern… Continue Reading Santa Monica Investment Property Musings
Mother’s Day Recommendations in Santa Monica
Mother’s Day and the brunching go hand-in-hand. And since your mom probably isn’t into Denny’s Lumberjack Slam, here are a few suggestions for a more impressive brunch in Santa Monica. Whether you are headed to Montana Avenue, Ocean Avenue, Ocean Park, you can’t really go wrong with lots of mimosas so, you’re welcome. And to all mothers, grandmas, stepmoms, foster moms and aunties, too,… Continue Reading Mother’s Day Recommendations in Santa Monica
The Dirt on Who Is Buying: The New Neighbors of the We...
With Westside real estate prices at all-time highs, people have once again been asking me “who are the people buying all these expensive properties?” I answered that question back in May of 2019 and here is my update for 2022. Buyers of some of our recent transactions include: A financial services executive who closed last week on an Ocean Avenue, North of Montana, penthouse condo that… Continue Reading The Dirt on Who Is Buying: The New Neighbors of the Westside
The Dirt on Valentine’s Day: 7 Local Santa Monica Swee...
This year’s Super Bowl is on the eve of Valentine’s Day and I have no doubt this is a prime set-up for disappointment in households everywhere. You can solve that problem right now. Continue Reading The Dirt on Valentine’s Day: 7 Local Santa Monica Sweet Spots for your Sweetheart
The Dirt On 2022: 3 Housing Market Predictions for the...
No-one can predict exactly what the housing market might be this year. However, as the local market expert with years of analytical data and anecdotal experience, I will make a few predictions. Continue Reading The Dirt On 2022: 3 Housing Market Predictions for the New Year
The Dirt on the Santa Monica Seller’s Market
Despite the cold weather lately, the housing market here in Santa Monica is still hot hot hot, especially for sellers. Want proof? Let’s take a look at the current Market Action Index (MAI). The MAI gives us a number for the balance between supply and demand using the current rate of sale versus the current inventory. Santa Monica’s current MAI is hovering around 48.… Continue Reading The Dirt on the Santa Monica Seller’s Market
The Dirt on SB 9 Part 2: The Fight Over Zoning Continu...
I’ve heard from most of my friends and clients that they oppose SB 9 and 10 and worry about the consequences of the bills. If you are like most people living in an R1 zoned area you might be happy to learn that some cities in California are pushing back. As you probably recall, senate bills 9 and 10 allow for the building of duplexes and fourplexes… Continue Reading The Dirt on SB 9 Part 2: The Fight Over Zoning Continues
