The “mansion tax” was passed both in Santa Monica and Los Angeles yet most agree it is a wealth tax. The National Association of Realtors (NAR) has recently predicted that there will be a decline in home sales over the next few years. A proposed mixed-use development project at 2668 2nd Street has been met with significant opposition from residents who are concerned about the impact on traffic and parking in the area. Continue Reading Transfer Tax Dirt: How Will This Impact the Santa Monica Housing Market?
A few random musings from the lingering summer days…a trip to Italy, Oktoberfest in Munich, and a little bit about real estate here in Santa Monica. Continue Reading Miscellaneous End of Summer Musings
When I first met Mario Sabatini we were both waiters in Brentwood. I was a young college student studying at UCLA and he was in his late 20’s and new to LA. A lot of water, and pasta, under the bridge since then, and Mario has unquestionably established himself as one of the pre-eminent restauranteurs on the west side. His first restaurant, Pecorino, was… Continue Reading The Dish With Danielle: Forma
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
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
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
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