Unveiled: How Savvy Investors Are Making Millions in a Stagflated Real Estate Market! — Explosion of Distressed Properties in Los Angeles

A Comprehensive Guide to the Week’s Distressed Properties in Los Angeles

REAL ESTATE NEWS (Los Angeles, CA) — The current economic landscape, characterized by the unlikely cohabitation of stagnation and inflation – or stagflation – coupled with a drastic increase in interest rates, has cultivated an atmosphere of deep economic pessimism. It has dulled the vitality of the real estate market, with the once vibrant property sector witnessing a marked slowdown. An influx of distressed properties, no longer maintainable by their struggling owners, has flooded the market, causing a chilling echo of the 2009 financial crisis.

Stagflation, Interest Rates, and the Real Estate Market: An Unprecedented Economic Challenge

Stagflation, a term that describes the cruel economic phenomenon of stagnant growth coupled with high inflation, has become a household term once again. With the unexpected jump in interest rates in recent years, the landscape of the American economy has been drastically altered, and its impact is being keenly felt in the real estate sector. A sense of economic pessimism looms over the nation, and the real estate market, which is typically a beacon of prosperity, is at its most tepid.

These developments are eerily reminiscent of the financial crisis of 2008-2009, which saw a dramatic downturn in the housing market, with a surge of foreclosures and distressed properties hitting the market. However, the economic conditions today diverge from those of the previous crisis in a significant way. Despite the widespread economic hardship — characterized by some as the ‘Greater Depression of the 2020s’ — home prices remain stubbornly high, largely due to the unvanquished inflation. This phenomenon has left many industry watchers and economic analysts scratching their heads, as they attempt to make sense of this unique and challenging situation.

While the 2008 financial crisis was characterized by rapidly falling home prices, the current economic climate is marked by a paradoxical combination of soaring inflation, economic stagnation, and persistently high real estate prices. Stagflation, as this situation is known, is contributing to a profound sense of economic uncertainty. And yet, the real estate market, while certainly subdued, has not collapsed in the way many predicted it would. This resilience is largely due to inflation keeping home prices elevated, even as the wider economy struggles.

High interest rates are also playing a crucial role. They are effectively discouraging buyers, which, in turn, contributes to a slowdown in the real estate market. Yet, those same high interest rates are also fueling inflation, which keeps home prices high. This creates an unexpected feedback loop that reinforces the stagflation conditions. Because most home prices are not crashing much, and equity is staying in the healthy range, more home owners are staying put longer. Real estate agents, on the other hand, are going broke and scurrying away. There are only about 1/3 as many real estate transactions happening recently, as compared to previous years.

The Los Angeles real estate market is a melting pot of different opportunities for both buyers and investors. One specific sector of this market that has continuously shown promise is the distressed property market. These are properties that are under foreclosure or up for short sales, including those that are distressed due to bankruptcy, probate, lawsuits, or divorce. They may also include properties in need of some tender love and care (TLC), vacant lands, bank-owned properties, and much more.

Understanding these distress signals in the property market could unlock significant opportunities for home buyers and investors alike, and that’s why we’ve prepared a comprehensive analysis of this week’s distressed properties in Los Angeles. The properties are being sold under varying conditions such as as-is, cash sales, motivated sales, and relocation, among others.

This week’s top distressed L.A. property picks:

  1. $649,000, Los Angeles, 2 bedrooms, 2 baths, 1193 SqFt, MLS# 23-240071, 600 W 9th St #309, Yes Pool, 1975 YB, $616.00 HOD, 61 DOM, Open House: 08/06/2023 (2:00PM-5:00PM)
  2. $679,000, LOS ANGELES, 2 bedrooms, 1 bath, 1232 SqFt, MLS# 23-269053, 1325 S Masselin AVE #1, No Pool, 1958 YB, $350.00 HOD, 29 DOM, Open House: 08/06/2023 (2:00PM-5:00PM)
  3. $689,000, Los Angeles, 2 bedrooms, 2 baths, 1394 SqFt, MLS# 23-290963, 416 S Spring St #509, Yes Pool, 1914 YB, $951.59 HOD, 42 DOM, Open House: 08/06/2023 (1:00PM-4:00PM)
  4. $745,000, LOS ANGELES, 2 bedrooms, 2 baths, 1305 SqFt, MLS# AR22166569MR, 645 W 9th ST #216, Yes Pool, 2006 YB, $848.10 HOD, 156 DOM
  5. $789,000, LOS ANGELES, 2 bedrooms, 2 baths, 1290 SqFt, MLS# 23-288553, 2939 Leeward AVE #403, No Pool, 2019 YB, $431.00 HOD, 20 DOM, Open House: 08/06/2023 (1:00PM-4:00PM)
  6. $795,000, LOS ANGELES, 2 bedrooms, 2 baths, 1366 SqFt, MLS# GD23132279IT, 1887 Greenfield AVE #212, Yes Pool, 1974 YB, $625.00 HOD, 42 DOM
  7. $810,000, Los Angeles, 2 bedrooms, 2 baths, 1234 SqFt, MLS# SR23144676MR, 800 W 1st St #2010, Yes Pool, 1968 YB, $1,530.00 HOD, 118 DOM
  8. $875,000, LOS ANGELES, 1 bedroom, 2 baths, 1260 SqFt, MLS# WS22236561MR, 7250 Franklin AVE #407, No Pool, 1964 YB, $903.00 HOD, 10 DOM
  9. $899,000, LOS ANGELES, 2 bedrooms, 2 baths, 1537 SqFt, MLS# SR23057688CN, 10701 WILSHIRE #604, No Pool, 1964 YB, $1,600.00 HOD, 89 DOM, Open House: 08/06/2023 (1:00PM-4:00PM)
  10. $998,000, Los Angeles, 2 bedrooms, 2 baths, 1483 SqFt, MLS# 23-277793, 11706 Montana Ave #311, No Pool, 1973 YB, $528.00 HOD, 30 DOM

In addition to these, there are several other distressed properties scattered across Los Angeles and throughout California, each offering unique opportunities for buyers and investors. From properties that are ready to move in, to those that are unfinished, raw, or even ready for a tear-down, there is something to suit various tastes and investment preferences. Each property comes with its unique features, pricing, and potential for returns on investment.

In a peculiar departure from the script of the past, inflation remains unchecked, stubbornly propping up home prices in real terms, even as we grapple with the harsh realities of the Greater Depression of the 2020s. This creates a challenging paradox: even amidst an overabundance of properties for sale, the elevated prices, fueled by unrelenting inflation, create a barrier that prevents many potential buyers from taking advantage of the situation.

Meanwhile, the amount of distressed properties on the market has exploded. This is not only a product of the current economic downturn but also an indicator of its severity. However, unlike in 2009, when low prices led to a surge in property sales, the current high prices — maintained by inflation — are causing these distressed properties to languish on the market. This situation underscores the unique economic conditions that distinguish the current downturn from previous ones.

While this state of affairs is undoubtedly challenging, it also provides opportunities for savvy investors, particularly those with plentiful resources. Despite the economic gloom, those with great means are finding value in the distressed property market, picking up assets in anticipation of a future rebound. As the rich get richer and the poor get poorer, the valuable locations are hot. While sketchy properties plummet run price, Beach homes and other quality real estate are doing better than ever.

The current situation serves as a reminder of the cyclical nature of economies, and while comparisons to previous downturns are useful, each crisis brings with it a unique set of conditions and challenges. In this ‘Greater Depression of the 2020s,’ we are grappling with the stubborn foe of inflation, making the road to recovery that much steeper.

Ultimately, navigating these troubled economic waters will require innovative thinking, resilient policy-making, and perhaps most importantly, the courage to make tough decisions. The real estate market, a cornerstone of the American economy, will play a critical role in the recovery process, just as it has done in past downturns. However, success will depend on our ability to understand and adapt to these unprecedented economic conditions.

As a prospective buyer or investor, it’s essential to conduct a thorough due diligence process before making a purchase decision. Remember that while distressed properties can be attractive due to their typically lower prices, they may also come with their own set of challenges. For instance, properties described as “ugly” may require significant cosmetic work, while those under litigation or bankruptcy may involve complex legal processes. Therefore, it’s advisable to consult with real estate and legal professionals during your purchase process.

For international types, Mallorca, Spain has made a tidy sum over the last 12 months. China’s housing market is so worthless, they are rushing to buy American homes.

The distressed property market in Los Angeles is brimming with opportunities. With careful research and due diligence, buyers and investors can find valuable deals that meet their specific needs and investment goals. As with any investment, it’s crucial to consider the potential risks and rewards, and to make informed decisions that align with your long-term goals.

Get a free list of distressed lofts, fixer lofts or upscale homes. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Senior Home Sellers: Get More Money for Your Home — Zero Percent Listing Broker Commission for Californians Aged 65+

Zero Percent Listing Broker Commission for Californians Aged 65+ by Corey Chambers Real Estate Team

California – The Corey Chambers Real Estate Team, a leader in the Californian real estate market, is introducing an unprecedented initiative to assist senior home sellers. From October 2023 to September 2024, they will be offering a zero percent listing broker commission for Californians aged 65 and above.

Recognized for their unique Guaranteed Sale Program, the Corey Chambers Real Estate Team has established a reputation for delivering results that exceed client expectations. Their superior outcomes include achieving 2.2% more of the asking price, selling homes 44% faster, and increasing the likelihood of selling by 16%. Moreover, their expansive database of over 4,365 potential buyers ensures they are well-positioned to make the home selling process both efficient and profitable for seniors.

“Our aim with this special offer is to give back to seniors, who have consistently been our best customers,” says Corey Chambers, the team’s founder. “We’re dedicated to helping seniors not only save thousands of dollars but also to providing them with the support of an award-winning team committed to securing the best possible deals.”

Based on their most recent Client Survey, 96% of their clients have stated they would return to the Corey Chambers Team, reinforcing their reputation as an outstanding real estate service provider.

The offer will roll out across 12 Californian regions, giving seniors throughout the state the opportunity to avail themselves of the offer. The initiative aligns with the team’s mission to pay it forward and put client satisfaction at the forefront of their operations.

Here’s the 2023 / 2024 schedule for the Senior Citizen Zero Listing Broker Percentage special limited-time real estate sale offer:

2023

October — This region would include San Diego County, which is home to cities like San Diego, Chula Vista, and Carlsbad.
November — Inland Empire: Located east of Los Angeles, this area encompasses Riverside and San Bernardino Counties, including cities like Riverside, San Bernardino, and Ontario.
December — Orange County Metropolitan Area: This includes cities such as Anaheim, Santa Ana, and Irvine.

2024

January — Los Angeles Metropolitan Area: Los Angeles County would be the core of this area, including cities like Los Angeles, Long Beach, and Glendale.
February — Ventura Metropolitan Area: Located to the northwest of Los Angeles, this would include cities like Oxnard, Thousand Oaks, and Ventura.
March — Bakersfield Metropolitan Area: This area would be dominated by Kern County, including the city of Bakersfield and its surrounding areas.
April — Central Coast: This area includes the counties of Santa Barbara, San Luis Obispo, and Monterey. Some notable cities in this area would be Santa Barbara, San Luis Obispo, and Salinas.
May — Fresno Metropolitan Area: This area includes Fresno County, with Fresno being the most populous city.
June — Sacramento Metropolitan Area: This area covers the Sacramento County, and includes cities such as Sacramento, Elk Grove, and Citrus Heights.
July — Bay Area: This large metropolitan area includes San Francisco, Oakland, and San Jose along with their many surrounding cities and towns in the counties of San Francisco, Alameda, San Mateo, Santa Clara, Contra Costa, and Marin.
August — Northern California (Non-Bay Area): This could include the Redding and Chico areas along with much of the expansive rural northern California region, including the counties of Butte, Shasta, and Siskiyou.
September — Far Northern California/Eureka Area: This final area would include Humboldt County (with the city of Eureka) and extend to the northern edge of the state, encompassing counties like Del Norte.

To be eligible, seniors need to be selling in the corresponding Californian region as per the schedule. To contact the Corey Chambers Real Estate Team, call 888-240-2500 or email senior@coreychambers.com.

About Corey Chambers Real Estate Team:

The Corey Chambers Real Estate Team is a dynamic group of real estate professionals servicing the California real estate market. Known for their guarantee to sell your loft at a price acceptable to you or buy it themselves, they bring a no-gimmick approach to their work. For more information, visit www.WeSellCal.com or call Corey at 213-880-9910.

For Media Inquiries:

Contact: Corey Chambers, Broker
Phone: 888-240-2500 Office / 213-880-9910 Mobile/Text
Email: senior@coreychambers.com

Get details. Fill out the online form:

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. Senior citizen discount may apply to seniors age 62, or less based on other senior qualifications, legal qualifications and state laws. Offer void where prohibited. Limited time offer. Offer not valid with any other special offer. Savings discount limited to amount of listing broker commission. Other costs involved in home sale may apply, such as buyer broker commission, moving expenses and other selling expenses. Corey and seller must agree on price and time of sale. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.