Real Estate Economics of Downtown L.A. Lofts and Condos Today
The L.A. Loft Blog, the authority on Downtown Real Estate, reported in 2016 that we entered into a normal real estate market. What is a “normal” real estate market? Before we can answer that, we must answer the question about why we never hear the word “normal” when we hear news about economics . #dtla #realestate #news
Let’s first start by informing about how we at the L.A. Loft Blog have been helping buyers, sellers, renters and landlords by telling everyone (who was fortunate enough to read in 2011) to start buying real estate, to catch the wave before it passes, and that it would be almost like getting a free house. In 2013, the L.A. Loft Blog reported that prices were up and that the sky is the limit on prices.
The fact is, economics is the dismal science, and most ignore it. Buyers buy when they feel like it, or when they have the money, and sellers sell when they need to, or when they want to move or to cash out. The smart, astute and savvy do, however, at least pay attention to economics and integrate the facts as much as possible into their profitable plans.
In 2012, when the recession was at its lowest, the publishers of the L.A. Loft Blog eagerly put our own money where our mouths were, and went all in on purchase of real estate. We bought an Alta loft for $202,000 that year, and a few years later, the value was more than double. While it’s not exactly free, that is the closest thing to getting a free home for a home buyer.
While many took advantage of the low prices at that time, others professed to know that there was a coming wave of foreclosures that they were waiting for. A heaping pile of garbage, the national mainstream news was dead wrong. The publishers of the L.A. Loft Blog informed our small readership that the “coming wave of forclosures” was not coming. Indeed, it never came. The only real wave was the wave of high prices that the L.A. Loft Blog forecast earlier. We, with many of our clients are riding that wave all the way into the frickin’sunset!
National real estate news does not exactly match up to Downtown real estate because Downtown Los Angeles is a fast-growing urban center in an unprecedented renaissance and renewal. The recession was slow to hit Downtown in 2009, and then Downtown LA was among the first to escape hard times as DTLA again exploded, quickly with growth in 2012 when the rest of the country was still waiting for the “wave of foreclosures” that never appeared. Not only is the mainstream news media unable to forecast what it coming up in the economy, the mainstream news is utterly unable to report anything as normal simply because “normal” is not news.
Today, we’re in a normal real estate market as prices are approaching a moderate plateau. Normal means that the economy is growing at a relatively common pace, and PRICES ARE LIKELY TO CONTINUE TO RISE SIGNIFICANTLY BEFORE PRICES DROP SIGNIFICANTLY. The coming plateau will likely provide extended stability, the hottest market is yet to come, and then the following fall in prices will be both late and marginal. Downtown rent prices have been largely stable for the past 12 months, indicating a stabilizing trend for home prices. A great deal of cash today is on the sidelines. After unprecedented quantitative easing by federal governments (electronic printing of money), cash is relatively easy to come by as viewed from historic standards. While it’s not a time for investors to immediately double their wealth in real estate, today’s Downtown Los Angeles real estate market does present a great opportunity for renters to stop renting and lock in a historic low interest rate and affordable monthly payment.
Those who need crazy, abnormal gains quickly will need to invest in Bitcoin. Or let us know what you think will be a faster-growing investment at email@example.com
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Airbnb experiences bring the most profit for investors and landlords. #airbnb #losangeles
The LA Loft Blog provides an up-to-date breakdown of the best ways to make a profit with short term rentals on Airbnb. This post includes 3 real case studies of Airbnb rentals in the Greater Los Angeles Area including Downtown, Beach Cities and Big Bear, starting with the most profitable and ending with the biggest loser. Airbnb is generally used to find guests to stay in rooms or entire homes for several days to several weeks, or sometimes just one day, usually less than 6 months. The most profitable homes on Airbnb tend to be the short-term rentals that offer the most “experience,” that is a special feeling of fun, excitement or enjoyment from unique attributes such as decor, architecture, furnishings, location and amenities of the short-term rental. Those near tourist areas, theme parks, beaches, snow skiing, lakes, rivers and entertainment venues have the most profit potential.
Popular attractive furnishings, dishes, appliances, games with professional cleaning and maintenance are key to happy guests and maximum price. Investors should check to make sure local hotel prices are rising and not dropping.
Before listing a home on Airbnb, landlords and investors must be aware of the local ordinances and homeowners association rules that govern what homeowners may and may not do with short-term rentals. Most cities and municipalities have laws regarding hotels and hotel taxes. At a minimum, investors and other homeowners with homes listed in Airbnb must collect and pay hotel taxes to the city in which the short-term rental is located. Some localities may not allow short-term rentals under 6 months at all. Most condominiums are not suitable for short-term rentals because the CC&R rules normally specify that condo unit owners may not do short-term rentals at all, and all lease must be for at least 6-months. Additionally, each resident must in most cases coordinate their move-in with the HOA homeowners association manager and pay a move-in fee.
To make a tidy profit, the investor must have or hire someone with skills and experience in local real estate, interior design, hotel management and marketing. The property must be obtained for a cost that will be substantially lower expense than the income that the rental will attract. It must be near public transportation if in the city or provide convenient parking if not.
The “bnb” in Airbnb stands for bed and breakfast, which means that the owner is there helping, conversing and sometimes even cooking for the guests. In many cities, the owner must be staying in the residence with the guests or else the short-term rental is illegal and may face big fines. Owners should have sufficient insurance and take steps to prevent disasters such as wild parties.
Some renters try to sub-rent their leased loft to Airbnb, but this is usually not allowed under most lease agreements. They usually specify that the unit can not be sub-leased or sub-rented at all without the property owner’s permission. Because of these rules, it is hard to find Downtown lofts on Airbnb. When one is found, there is a good chance that the person who listed it is breaking a HOA rule or violating a lease agreement. That being said, there are some buildings, HOAs and owners who are more or less likely to enforce these rules. The LA Loft blog often receives word on which buildings are enforcing and which buildings are Airbnb havens.
Here are the three recent real-life Airbnb scenarios, and what made them make or lose money, in order of profitability:
Teddy Bear’s Cabin in Big Bear – This super profitable modern luxury log home garners $500 to $1,000 per night. It is a nice, big cabin with modern kitchen and bath, romantic fireplace in the master bedroom, lots of games and videos, and walkable to the lake. Up to $15,000 per month makes this a super-profitable Airbnb rental.
My Little Paris in Los Angeles – This brick loft is booked up for the next 6 weeks at $135 per night. That is over $4,000 per month for a loft that normally rents long term for around $2,400 per month. That brings a tidy profit for the owner who is lucky enough to get away with it.
Rancho Palos Verdes house – A traditional large home just a few blocks from the beach was purchased for the purpose of offering short-term rentals on Airbnb, but the RPV community cracked down big time and outlawed short term rentals in residential homes. The investor is struggling to pay their $10,000 per month mortgage, and bleeding cash.
Get a list of the best Los Angeles homes for short-term rentals on Airbnb. Fill out the online form:
Real estate is easily one of the best investments for the new year. It’s the biggest and most important investment made by the average American. #top10 #investments #2017
With its dramatic renaissance and renewal, Downtown Los Angeles leads the pack in ROI potential with 5.7% average annual increase in property values last year, more than 100% increase in value over the last 5 years, and billions in new and upcoming public infrastructure and private investment. Here’s a list of the top 5 best Downtown real estate investments, followed by the other types of investments that are booming with a bright future:
While Downtown lofts are among the best, there are other great investments to think about as well. The L.A. Loft Blog wants home buyers to have really excellent long-term financial outlook. In addition to owning an amazing loft, investors can own a property with a much faster positive cash flow, excellent cash-on-cash return. Request a free list of investment homes across the USA under $50,000. Get free information. Fill out the online form:
While real estate is perhaps the most legit investment that is not totally rigged by Wall Street, other types of investments are taking off and appear ready to explode in 2017. Some of them require a lot less dough and are easy and fun:
Wouldn’t it be nice to own a profitable income property that is already fixed up, with tenants in place and proven property managers taking care of everything? It can be as easy as buying a property and then receiving monthly checks without all of the hassles of being a landlord. #rentalincome #investment
Today’s True Tale of Two Real Estate Markets:
The L.A. Loft Blog has prepared images that visually show today’s difference between negative cash flows in some areas such as Downtown Los Angeles to make it easy to compare the positive cash flows of some other neighborhoods across the U.SA. Take a look at the current real estate market. Compare all of the Los Angeles negative cash flow properties in red with the select nationwide neighborhoods positive cash flow properties in green. While most Los Angeles homes are now selling at a negative cash flow, the story is very different in other places across the United States as some investors are getting 6.6% to 56.6% Cash on Cash Return on America’s smartest turn-key investment income properties starting around $39,000. They are in neighborhoods where the property purchase prices are still relatively cheap, but the rents are high because the neighborhoods are popular with many renters moving into them.
We’ve got great news for Downtown and LA area prospective home buyers who want good investments that they can rent out. Many enjoy their lifestyle in Downtown, or sometimes highly mobile lifestyles, and they would like to own a property and possibly be a landlord of a rental property that can bring retirement income, but they don’t want all of the hassles. They want passive income that is perfect for retirement and a more comfortable lifestyle.
While Downtown LA lofts and condos have been superior investments for several years, not everyone can afford $400,000 to $800,000 or more to buy a loft. Also, the rents are no longer keeping pace with monthly mortgage, HOA and other expenses in the Los Angeles area. For those who need an immediate positive cash flow (receiving more a lot more money than paying out monthly) Los Angeles may not be the best place to invest in the current market. There are other parts of the country that are very different markets, and can possibly offer a better, much faster return on investment. But how can someone in Southern California find, buy, repair, advertise and manage a property that is 2,000 miles away?
The best answer to the cash flow, repair, maintenance and property management questions may be turn-key tenant-in-pace investment income properties that have already been picked out by an experienced professional who has purchased hundreds of profitable bargain properties, already rehabilitated the properties, already hired proven reliable property managers, and has even already moved qualified renters into the homes. Imagine that — just about everything has already been done! Now you don’t have to be a real estate expert to buy a bargain property and start receiving monthly rental checks from the management company. If you think that sounds efficient, you are not the only one. Justin W., a busy film producer, just closed on his income property a few months ago. More are available. Check these out:
Get the free information on these low-cost, positive cash flow turn-key properties. Request a free report. Fill out the online form:
How well do these properties perform for the owners? How does it all work? Happy investment home owners can say it best. Here’s Justin’s story:
Corey did an awesome job, not only helping me end up with my first investment property, but also in helping me understand real estate investment in general.
We started by looking at lofts in Los Angeles and I wasn’t quite sure yet how I wanted to invest, but Corey was very patient with me. We looked at various lofts in Atwater Village, South Pasadena and downtown. At the end of the day, I decided that the prices for me at this time are too high in Los Angeles, so Corey introduced me to his friend, Alan, who helps people get investment properties all over the country that are connected to excellent property management companies, and have a relatively low price to buy and a high demand for rent. After some conversations with Alan and looking at a few spreadsheets he’d prepared about various properties around the country, I decided to take a look at some of them for myself.
On a cold morning in Detroit, I met Alan for breakfast and we headed out the suburbs of Detroit to look at some properties. They were all solid investments, mostly between 50-60k to buy, with rents between 7 to 900 per month, providing instant positive cash flow. We also met a representative from the property management company and he quickly put my mind at ease, running through their process for things like repairs, autopay, and filling vacancies. He said the only time they generally have trouble with tenants is when th owner gets too involved. All the tenants seemed happy and heard working, mostly young families. Wanting to be as hands off in that department as possible (due to distance and work schedule), I was happy to hear that they are proactive I that department. They also stay on top of repairs. Alan advised me to just go ahead and approve repairs right away. There’s no sense in trying to skimp or haggle with that sort of stuff. In the long run its better to be proactive with repairs, keep the property looking good and up to date, and the tenants happy.
After I returned home, I considered my options and settled on a nice, sturdy three bedroom on a quiet suburban street in Roseville, MI.
Alan was able to help me find a lender and facilitate the sale. In the time the property was in escrow, the place was rented to a family who I’m told love the place and have a newborn baby for more than I had been anticipating in my calculations. The property is already more profitable than I thought.
I couldn’t be happier with how the whole experience has gone.
Ultimately, this is the moral of the story. I told Corey what I wanted to achieve in terms of an investment (I wanted a low risk, low maintanence, positive cash flow investment in my budget), and he pointed me in the right direction and helped that dream become a reality. I was considering any number of terrible, high risk investments before I met Corey, and who knows what I would have done to myself. Alan was also instrumental in my education as well, having been in the real estate world for many years learning through trial and
error. My hat is off to the both of you and I couldn’t be more greatful.
It’s been exciting to help million dollar buyers and sellers in Downtown Los Angeles. Today, I’m even more excited to help people turn small investments into immediate positive cash flow with infinite returns.
Hi I’m Corey Chambers. You know me as the Downtown Los Angeles real estate professional, publisher of the LA Loft Blog and the SoCal Home Blog. Overall, nothing beats the Southern California lifestyle, and that is why Southern California real estate has been a great investment for many decades. My most recent client is very happy with their purchase of an amazing penthouse level loft with lots of windows and light in the most creative neighborhood in the world, the Arts District of Downtown Los Angeles. Congratulations to them!! But, the fact is that most potential real estate investors do not have $700,000 to $900,000 cash to buy an Arts District loft.
Today, we are helping clients build property wealth one property at a time. We’re are a real estate investment network that provides training, consulting and support. We help our clients by identifying properties where we’re buying real estate right. We’re maximizing cash flow. We’re leveraging where possible and using rental income to pay the debt down. The ultimate goal is free and clear ownership of income-producing properties. We have rental homes that are fixed up, professionally managed and rented out for $800 a month — priced at about $40,000. We have multi-family properties with astounding cash flow but most important in this whole process is that when you’re ready to invest, you contact us for a free no-obligation consultation where we can customize an investment plan that is a specific fit to your goals. Get a free report by calling our 24-hour recorded hotline 1-800-791-4541 ID#8087 or online at www.CoreyChambers.us
DISCLAIMER: This is not intended to be an offer to sell nor a solicitation of offers to buy real estate in states where registration is required prior to any offer being made or in any other jurisdiction where prohibited by law. The L.A. Loft Blog is referring potential buyers only and does not represent buyers or sellers in any capacity on out-of-state real property transactions. Real estate ownership involves risks which buyer assumes. It is your duty to do your own due diligence. Read all documents and agreements before signing anything. It is your duty to consult with your own legal financial and tax advisers regarding any real property transaction. Out of state property transactions are not represented by a California real estate broker and the L.A. Loft Blog does not create market sell or refer anyone to securities offerings.
Downtown Los Angeles has so many places to invest at every price range, starting from $5,000 for a group investment in an amazing Downtown loft. #income #investment
Get free information on exclusive investing opportunities on Downtown group investment from $5,000, resale flip, rental income with tenants in place and national turnkey income properties starting under $100,000 with positive cash flow tenants and property managers in place. Fill out the online form.
There are many ways that investors can get extra profitable return on investment from a purchase of a Downtown loft or condominium. This article will mention several.
For Downtown Los Angeles, it starts with a superior return caused by a neighborhood that is undergoing a major transition from bad to good. This gives investors a similar effect to fixing and flipping of a property, but the same effect happens on a larger scale. The neighborhood revitalization and renaissance is like a macro version of a fix and flip. Downtown does the work for the investor because much of fixing is being done by the developers and by the city as they restore Downtown to its full glory. Wealthy residents are moving in as Downtown cleans up its act, providing improved services for homeless while restricting their activities.
New stores, restaurants, entertainment and transportation gives DTLA the infrastructure for rapid growth. Downtown population has doubled in 10 years as highly educated and creative professionals take root in Downtown’s exciting variety of new lofts and condos. The Arts District has transformed from starving artists to wealthy creative professionals. South Park has transitioned from a place of abandoned buildings of the past to today’s luxury high-rises, entertainment spaces and performance venues.
Investors can gain the quickest look at the best investments with software that tells at a glance which properties can deliver an immediate positive cash flow. A free VIP Buyer Program can send the best investment properties to investors.
Have you ever driven down the street in Downtown L.A. and seen buildings that look interesting? Maybe a condo unit in a beautiful historic loft building, or maybe a smaller building or raw loft building or fixer upper that would make a great investment. See the big picture of Downtown Los Angeles, street by street.
Take a look at this heat map that shows how different Downtown LA is from other neighborhoods. Upon closer inspection, you can see that Downtown has far fewer residences, yet greater demand. Now that Downtown Los Angeles is again a world-class real estate market, local buyers must compete against the world’s most sophisticated investors, including Swiss Banks, and other powerful investors from China, Hong Kong, Korea and the rest of the world, all trying to beat you to the best deals.
Inventory is extremely short and it now takes leading edge technology and tactics to find the best deals. Technology is necessary to change the way we operate in Downtown’s property market with a limited number of foreclosures, pre-foreclosures, bank owned, 3rd party owned.
Now, prospective buyers can see properties on a map with the public records, know who the current owner is, the equity, the approximate value and approximately how much the owner owes on the mortgage, if they are underwater and motivated to sell, or if owned free and clear, so then a buyer with difficult finances can ask for seller financing. Then receive private data, proprietary information about the building and the units for sale, all with color coded heat maps. Prospective buyers can now get access to every property and parcel in the area.
Find out what lawsuits and litigation are going on in the building. Also find out which lender will lend on that industrial or commercial loft conversion, which most home lenders will have trouble lending on. Buyers also want to see if there is a tenant or primary resident. One free service provides a list of Downtown investment properties with tenants in place.
With the right technology, investors can analyze potential return on investment, see previous flips and see results for previous investors, and see potential new flips.
Know at a glance if the property will be a the type of investment that you are looking for.
Daily updates with the most accurate data. Get the edge. Get priority access to this proprietary information and technology FREE at http://www.LALoftVIP.com
Now that Los Angeles home prices have largely rebounded back to their former grandness as investors and other home buyers agree that Southern California real estate is an excellent investment, most Downtown loft and condo buyers must pay substantially more monthly toward mortgage principle, interest, taxes, interest, homeowners assocation dues, maintenance and other expenses than they can receive in rent.
There are good reasons to invest in Downtown with an initial negative cash flow. DTLA has doubled in size in 10 years, transforming from a neglected drug den to what is now an exciting, new playground for the wealthy and middle class. Nevertheless, some investors and prospective homeowners who simply cannot afford to bear the burden of a negative cash flow at this time. While we can’t go back in time to instant positive cash flow days of 2011, there are still some properties in Los Angeles that offer instant positive cash flow with rents higher than the monthly payments.
Now you can find real estate investments in Los Angeles and nationwide by searching for a city or zip code. A new technology will display properties that have the highest potential returns. Enter your specific investment criteria and let the new technology go to work.
New platform has a Mobile-Friendly user experience that works on all browsers and all devices. When new properties hit the market that match the saved search criteria, the user is alerted. It is easy to use, even for first-time real estate investors. It has more than 1.7 million active listings for sale nationwide.
Know at a glance if the property will be a the type of investment that you are looking for.
Daily updates with the most accurate data. Get the edge. Get priority access to proprietary information and technology FREE at http://www.LALoftVIP.com or fill out the online form:
Free stay at the luxury Big Bear Lake rental Teddy Bear’s Cabin – SOLD OUT
FREE CABIN STAY HAS ALREADY BEEN TAKEN. GET ON THE WAITING LIST FOR THE NEXT FREE STAY OFFER,
It’s totally free to go with our real estate investment group, or go privately and just pay only for the $125 cleaning fee. Yes this beautiful 2,300 sq ft home built in 2008 has all of the modern conveniences that you will need for your luxury Big Bear stay, and it really is a free offer valued at up $1,200. First come, first served while supplies last. Normally $370.00 per night, to get the free stay, you MUST book through Corey (213) 880-9910 or email firstname.lastname@example.org SOLD OUT — REQUEST A SPOT ON THE WAITING LIST.
Some properties outperform others in Downtown because they are more desirable, a better value or they are in a better phase of the building’s lifecycle. Some lofts and condos in Downtown have more space, more windows and more places to walk to than others.
REMARKS: Chic Alta industrial live-work loft with abundant open space, extra high ceilings, lots of windows and light, upstairs separated bed area, 2 bathroom, 2 entries, warehouse-style roll-up door for indoor patio effect, natural light and fresh air. Electric roll-up shades w/ remote. Upgraded special design and engineering add extra square footage w/ extended mezzanine bed area, expanded open closet built-ins, frosted glass partitions, jetted tub, copious designer tile in master bathroom and kitchen. Steel i-beams w/ intumescent paint. East facing the mountains to Downtown Los Angeles and Elysian Park. This industrial loft features concrete floors, granite counter tops, stainless steel appliances, large bathrooms w/ tile floor and stainless sink, washer & dryer in unit, central A/C and heat, large closets. Gated covered parking space. Building amenities include social party room, fitness center, BBQ, courtyard lounge area, gated covered guest parking. Pet friendly. PM security. Near Metro.
ROOMS: 2nd Story Family Room,Art Studio,Breakfast Area,Den,Den/Office,Dining Area,Dressing Area,Family,Formal Entry,Living,Loft,Master Bedroom,Patio Covered,Study,Study/Office,Utility,Walk-In Closet
DIRECTIONS: On Grand Avenue just north of Cesar Chavez Boulevard.
REMARKS: Large 2 Bedroom and 2 Bathroom Condo with Huge Walk-in Closet. New Air Conditioner and Floors installed. Tandem Two Car Parking Space. Two Private Patios. On Grand Avenue just north of Sunset Blvd. Close to Walmart Grocery Store, the Music Center, the 110 Frwy, Chinatown and more.
DIRECTIONS: South on Broadway. Left on 5th Street. Property is on Left hand side. Building entrance is on 5th Street.
REMARKS: In the heart of DTLA. One bedroom loft at SB Grand features 12 ft. ceilings with wide and spacious floor plan and balcony with South facing views. This unit features consistent natural light and newly renovated bathroom. Located on the border of the Financial District and the Historic Core. Right across from Perch and within 2 blocks of the foodie hub Grand Central Market. Within walking distance to other trendy restaurants, bars and lounges. The Metro Redline station stops right at the corner, Pershing Square. Building amenities include a rooftop pool with 360-degree view, a fitness center, and 24-hour security. Don’t miss this opportunity to invest in the new Downtown LA.
REMARKS: A spacious downtown loft with prime city views. This airy home in the historic Higgins Building offers loft living hallmarks in a fabulous location. The third-level unit features high ceilings, exposed ducting, polished concrete tile flooring and a stainless steel appliance suite. Large windows open to sweeping westward views showcasing the city skyline and nearby Walt Disney Concert Hall. The Beaux-arts styled Higgins dates to 1910 and was converted to condominiums in 2006, modernizing with central air conditioning for all units. A Mills Act property, it provides owners with significant tax savings. Amenities include 24-hour doorman, a rooftop deck and garden with BBQ grills plus a community courtyard on the second floor. The HOA is pet-friendly with an adjacent dog park. Downtown dining, shopping and cultural options are right outside your door including the Grand Central Market, Grand Park, the new Broad Museum, MOCA and the Little Tokyo and Arts District, among many others.
REMARKS: Here’s an opportunity to own a true loft in the heart of downtown Los Angeles revitalized Historic Core. With skyline views, great natural light, hardwood floors, exposed brick and a small balcony, this west facing one bedroom, one bath gem is truly a must see.Located in the Pan American building, it’s across the street from Grand Central Market, steps from the Red Line Metro and close to the Broad Museum and Disney Hall. The restored building has only 40 units and retains many exquisite architectural details. It’s Mills Act approved, which has the added benefit of a reduction (up to 75%) in property taxes.
EQUIP: Garbage Disposal,Microwave
LAUNDRY: In Unit
TYPE: Condominium,Low Rise,Loft
VIEW TYPE: City,City Lights
SEC: Card/Code Access
POSS: Close Of Escrow
SZONE: Seismic Hazard
OCC/SHOW: 24-hr Notice,Agent or Owner to be Present,Appointment w/List. Office,Appointment Only,Call LA 1,Vacant
It’s rare for investors to find a loft in Downtown Los Angeles that already has a good tenant in place to pay for the mortgage. Some new lofts are coming to DTLA, and some of them already have tenants who have been living happily for years, and don’t care to move.
This special arrangement can be made as a potential future pocket listing for investors who would love to own some of the most desirable lofts with high ceilings, lots of windows and light, and some of the best views in Downtown Los Angeles.
Because a happy tenant is already in place, the new landlord will not need to find a tenant, screen applicants, show the property to rental prospects etc. The investor will already find that has been taken care of.
Get a free report on investments in Downtown new lofts with tenants in place. Fill out the online form:
Copyright This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.