While marijuana is legal in California, Santa Monica residents need to venture outside their neighborhoods to obtain the stuff…. for now. After the legalization of recreational marijuana in 2017, only 2 cannabis companies were able to apply for licenses. After ranking 2nd out of 21 applicants, CPC Compassion Inc. has secured a location at 925 Wilshire Blvd. They were able to apply for a… Continue Reading The Dirt on The Dispensaries Part 2
Santa Monica’s affordable housing provider, a non-profit called Community Corp, broke ground on a whopping $35 million project that will offer rare apartments for large low-income families. To help fund this project, the city provided $13.3 million from its Affordable Housing Trust Fund, or about $277,000 per residence. The total estimated cost of the development is $35,004,723 or $729,265 per residence, according to the… Continue Reading Groundbreaking Dirt
The first half of the years seems like it flew by and with it behind us, its interesting to look back and see what happened, or maybe more appropriately, ask, “What didn’t happen?”. The Santa Monica real estate market is mixed. Very mixed. Some houses are selling quickly and others not at all. (More on that later). So, what didn’t happen? Interest rates did… Continue Reading Mid-Year Dirt
12 houses have come to the North of Montana Avenue market in the past 4 weeks and so far, only 1 of them has sold. If you are reading this in our Santa Monica Dirt magazine, it is possible that all, or none, of them are now sold. If you are reading this online at SantaMonicaDirt.com, there is a pretty good chance only 1… Continue Reading What’s Up? What’s Down? What’s going On?
Teh Following Article is from the Fall 2011 Newsletter There is actually no encompassing cycle, just different cycles for different markets, which is not easily understood in these financial times. It goes back to whether you are looking at the macro view, the world, or the micro view, your own neighborhood. In the Westside markets’ most desirable neighborhoods home prices have been flat for… Continue Reading Where Are We In The Cycle?
The Following Article is from the Spring 2011 Newsletter Although I do not have a crystal ball, there are some very compelling signs that our market is on the road to recovery. In our micro, Santa Monica Westside market, it seems that we are currently at the bottom and looking up. Inventory is extremely low, well priced homes are likely to elicit multiple offers,… Continue Reading Signs of Recovery
The Following is from the Winter 2010 Newsletter Surely, you have heard of the Santa Monica Canyon. However, did you know that The Santa Monica Canyon lies between Santa Monica and Pacific Palisades and makes up less than one square mile? Did you know that it is actually not in Santa Monica? That’s right Santa Monica Canyon is in the City of Los Angeles… Continue Reading A Bit of Santa Monica Canyon History
The Following Article is from the Winter 20007 Newsletter The big news outside Santa Monica is the “Mansionization” Ordinance that has been creeping through the city of Los Angeles with few hearing the footsteps. The city council agreed to the general structure in June 2007 with changes in July and September. The allowable building square footage is dropping dramatically and also the mass restrictions are… Continue Reading BIG CHANGE COMING IN L.A.