Beverly Hills - BHPO
Pancakes with the Beverly Hills Police: 12th Annual Police Service Day & Pancake Breakfast
September 12th, 2008 Categories: Beverly Hills - BHPO, Events, Things To Do
Come meet your neighbors and police officers over some hot pancakes this Sunday morning. Free station tours for the kiddies. Sponsored by the Beverly Hills Police Officers Association and the Beverly Hills Rotary Club. Parking is available in the Civic Center parking lot. (Go to the car show after and make a day of it!)
Sun, Sept 14, 8AM-12PM
Beverly Hills Civic Center Plaza
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Classics for Charity XV in Beverly Hills this Sunday
September 12th, 2008 Categories: Beverly Hills - BHPO, Events, Things To Do
If you’re in the Beverly Hills area on Sunday, stop by an incredible classic car show- the notorious “Classics for Charity.” It’s sponsored by Mercedes-Benz of Beverly Hills so you know it’ll be great!! They’ll have more than 250 Antiques, Classics, Exotics, Customs, Hot Rods & Motorcycles. Lots of fun, food & entertainment for everyone- bring the family!
Sunday, September 14, 9AM-4PM
9250 Beverly Blvd. (corner of Santa Monica Blvd & Civic Center Dr.)
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News Blast: Beverly Hills Flats
September 9th, 2008 Categories: Beverly Hills - BHPO, Buying Real Estate, Selling Real Estate
Just a quick news briefing to keep you in the know:
The pocket on Sierra with the huge lot just sold for around $10M…
718 N Rodeo just went back into escrow- listed at $5.8M…
624 N Oakhurst is in escrow- asking $5.675M…
1303 Park Way is pending with an accepted offer at $4.65M, their listed price. They were taking overbids, if any, today in court.
New listing on Linden for $8.5M, 6,800 sf with a 14,000 sf lot, beautiful villa… gorgeous tilework, wood beams, front courtyard, incredible backyard…
Things are moving in the Flats.
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Termite Inspections, Reports and Work - Who is Responsible?
May 21st, 2008 Categories: Bel Air - Holmby Hills, Beverly Hills - BHPO, Brentwood, Buying Real Estate, Cheviot Hills - Rancho Park, Culver City, Hollywood Hills, Home Improvement, Home Resources, Inspection Resources, Malibu, Marina Del Rey - Venice, Pacific Palisades, Real Estate, Real Estate News, Santa Monica, Selling Real Estate, Sherman Oaks - Studio City, West Hollywood, Westwood - Century City
So you’re about to buy or sell a house and the subject of termite inspections come up in discussion - usually when the offer is being written and/or presented.
Here is what YOU need to know:
CUSTOMARILY, the Seller is responsible for the inspection, providing the buyer with a termite report, and ultimately a termite clearance at the close escrow. The Seller usually pays for Section I work, and the Buyer can pay for any Section II work needed.
What is “Section I” and “Section II” work?
Section I is any EXISTING termite infestation, damage or wood destroying organisms such as dryrot fungus and the like. This may include local treatment, whole house tenting, and replacement of damaged timber.
Section II is anything found to possibly invite termite infestation or cause wood damage in the future, such as debris in the attic, earth to wood contact, etc.
There are circumstances when the Seller is NOT responsible for all the “termite work”, some examples are:
- When it’s an ALL CASH purchase. The termite clearance is necessary to close escrow because it’s often a condition for funding by the lenders.
- When the property is a TEAR-DOWN. If the intent by the buyer is to bulldoze the property to the ground, no one really cares if there are termites or rotted wood all over the place.
- When the SELLER specifies in the contract they will not do any work, or caps the dollar amount they are willing to pay for work needed. The Buyer then can agree to pick up the difference.
95% of the homes that are sold here in SoCal require some termite clearance action. Homeowners are well advised to maintain a termite treatment regime once a year to keep those buggers away.
Call us anytime for a referral to a reputable company to add to your home vendors list!
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Go Native, Go Green: Privy to LA’s Most Creative Gardens in the Native Plant Garden Tour
March 31st, 2008 Categories: Bel Air - Holmby Hills, Beverly Hills - BHPO, Brentwood, Cheviot Hills - Rancho Park, Culver City, Hollywood Hills, Malibu, Marina Del Rey - Venice, Pacific Palisades, Santa Monica, Sherman Oaks - Studio City, Things To Do, West Hollywood, Westwood - Century City
Come see how native plants can brighten your yard and make it gorgeous- while saving you time and water! It’s taking place soon- Saturday, April 12 and Sunday, April 13, 2008, 10:00-4:00p.m. each day.
This is a two-day self-guided journey through 38 Los Angeles home gardens of all shapes, sizes and design styles, each containing at least 50% California native plants. You’re invited also to attend a free presentation, “Designing Native Plant Gardens,” with author/garden designer Alrie Middlebrook on Saturday, Apr. 12, 6:30p.m., at Barnsdall Gallery Theatre, 4800 Hollywood Blvd., Hollywood, CA 90028.
Proceeds benefit the programs of the Theodore Payne Foundation for Wild Flowers & Native Plants., Inc., California’s only non-profit native plant nursery, seed source, bookstore and education center. They’re located at 10459 Tuxford St., Sun Valley, CA 91352. 818-768-1802. Open to the public Tuesday-Saturday, 8:30a.m.-4:30p.m.
Admission: $20/person.
Tickets and info: www.theodorepayne.org
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Multiple Offers Sweep Santa Monica, Beverly Hills, Westwood, Hollywood Hills…
March 17th, 2008 Categories: Bel Air - Holmby Hills, Beverly Hills - BHPO, Brentwood, Buying Real Estate, Cheviot Hills - Rancho Park, Culver City, Hollywood Hills, Malibu, Marina Del Rey - Venice, Pacific Palisades, Santa Monica, Selling Real Estate, Sherman Oaks - Studio City, West Hollywood, Westwood - Century City
Per our last posting, there are plenty of reports from reputable sources and sensationalistic news articles that can argue the ups and downs of our Los Angeles Westside real estate market all day long.
We could argue for the stability of our unique market and likewise we could tell you it’s all going to hell in a hand basket. You’ve heard it all before.
What we’d rather do is to give you a small sample of what’s actually happening behind closed doors (as the seller reviews with his/her agent, the spread of offers to purchase their home). As they say, “show me the money” and in our market, there seems to be lots of it flying around. Yes, still.
Observed Multiple Offers on Hot Properties in the last 14 days:
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Beverly Hills Post Office - Elegant Cape Cod Contemporary
March 7th, 2008 Categories: Beverly Hills - BHPO, Buying Real Estate, Selling Real Estate
Click the mini flier photo for detailed property information.
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Beverly Hills Real Estate Update
February 26th, 2008 Categories: Beverly Hills - BHPO, Real Estate, Real Estate News
Your weekly fill of Beverly Hills real estate news… eat up!
606 N. Alt
a was held open for the first time today. It’s a gorgeous Spanish, redone to every last detail with over 6,000 sq ft, 6 bedrooms, 2-story guest house, pool and wine tasting room. A hefty price at $9,695,000 but it really is a spectacular home. Definitely a Wow! house.
1705 Angelo Dr.came on the market a couple of days ago and is one cool pad. The swankiest mid-century around, the rooms have enormous volume (feels very Trousdale-esque), walls of glass, terrazzo floors, private yard with pool. Will need some freshening up but definitely a fun project. Oh-so-nice (and rare!) that no one has messed up the home with misguided remodeling work in the past. Asking $3,450,000.
261 El Camino just came on the market today and is a fantastic buy for southwest Beverly Hills. Redone courtyard Spanish with a guest house for $2,640,000. A good one.
At this moment, there are 18 homes in escrow in Beverly Hills ranging in asking price between $1,395,000 (Spanish fixer south of Olympic) to $15,990,000 (English manor behind the Beverly Hills Hotel).
509 N. Palm just closed over asking for $5,326,000. As the for-sale sign was being nailed into the ground, the buyer drove up to the home and bought it on the spot.
Monterey Colonial on Angelo has not been posted to the MLS and it sold for around $7,000,000. The owner bought it last year for $3,950,000. It’s a 4 bedroom home with a pool and guest house on a 13,700 sq ft lot. An example of how “done” homes are selling like hotcakes.
Call us with any questions about these homes or others. We’d be happy to show you the latest and greatest in the area if you’re looking and make sure you don’t miss the best deals!
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Taking the Pulse on the Westside Market
February 26th, 2008 Categories: Bel Air - Holmby Hills, Beverly Hills - BHPO, Brentwood, Cheviot Hills - Rancho Park, Culver City, Hollywood Hills, Malibu, Marina Del Rey - Venice, Pacific Palisades, Real Estate, Santa Monica, West Hollywood, Westwood - Century City
Here’s a little inside scoop on what’s happening in our market. I won’t bore you with tons of detail but it’ll keep you posted on the latest happenings. It’s your chance to be a fly on the wall in the most powerful real estate office near and far…
The market is moving. In the last 2 weeks, our office has had more escrows opening than in the previous 30 days combined. REOs are making up about 10% of that volume- which means a solid 90% of the deals are NOT REOs, just regular sales. Last week our office has 16 closings, ranging in price from $300,000 to over $14,000,000. People are buying and writing offers for well-priced homes. We are seeing multiple offer situations every week.
The reason why it matters what our office is doing is because we have a very strong group of agents that work in every area of the Westside. It’s a good place to look to gauge overall market activity.
General concensus is that we don’t have enough good, “done” homes for sale. We aren’t seeing a build-up of inventory of homes in most areas. Homes are selling off the market, before the first open house. Homes are even selling when the for-sale sign is being nailed into the front yard (as happened with one home in the Beverly Hills Flats recently).
During Caravan today, I saw people crawling all over a home under $700,000 in West LA. It was an adorable place but wedged between 2 apartment buildings- and had apartment buildings across the street. It didn’t matter to all the buyers there ready to jump on a nice well-priced home. The house will have multiple offers and the owner is going to review all offers next Monday.
Another popular home today was a lovely Spanish in the Beverly Hills Flats over $9,600,000 on a 12,000 sq ft lot. Not an ounce of wasted space- it had a gorgeous outdoor entertainment area in the front, koi pond, pool area and 2-story guest house with an office, bedroom with bath, exercise room with bath. A hefty price for a lot of that size but the home is incredible.
Summary: People are buying but the home has to have value and must be priced aggressively.
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Bringing Music to Beverly Hills: Ninth Season of “Music in the Mansion” Begins at Greystone
February 4th, 2008 Categories: Beverly Hills - BHPO, Events, Things To Do
Perfect for your Sunday afternoons:
2008 “Music in the Mansion” concert series, brought to you by the Beverly Hills Community Services Department, has begun at Greystone Mansion.
It opened Jan. 20th with a performance by the internationally acclaimed Jung Trio, playing Beethoven, Dvorak and Cohn.
If you missed the first one, more performances are coming:
Feb. 17 - Catharina Chen, Norway’s premier violinist
Mar. 16 - Jan Bratoz, internationally known Czech pianist
Mar. 30 - California String Quartet, chamber music
Apr. 20 - Alma Nova Duo, with Jessica Pierce on flute and Almer Imamovic on guitar
May 11 - Midnight Winds Quintet, just arriving back to the States after a tour in Poland.
The concerts begin at 2:00pm with a reception following the music, including light snacks with teas from Beverly Hills’ Urth Cafe. You even get a first-floor tour of the mansion.
Ticket prices are $20 for adults and $15 for seniors, students and children 10 years old+. Seating is limited so get your tickets early!
Greystone Mansion is located at 907 Loma Vista Drive. Click here for more info or call 310-285-6850.
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