Tim Mullin Properties

Attracting Foreign Buyers: 4 Types of Chinese Real Estate Investors

admin — Sun, 19 May 2013 02:06:18 +0000

Attracting Foreign Buyers: 4 Types of Chinese Real Estate Investors

There is an optimistic perception borne by homeowners in major cities across America that Chinese investors are seeking to buy homes in great quantities, and that they’re even prepared to pay premium prices to do so. Certainly an understandable position when we’ve heard how our home prices are quite inexpensive relative to the high cost of housing in China’s major cities, where wealth is being created exponentially.

However, there is an issue with this notion that may dash some of our euphoria. Having now spent a concerted period of time in both Hong Kong and Shanghai speaking with wealth managers, private bankers, and heads of real estate brokerage firms about the mindset of Chinese investors, I have a much better understanding as to what drives them to purchase property in our — or any — market.

Before we dive into looking at the individual types of buyers, it’s important to first understand that there is a generation of Chinese investors that has grown up idolizing and aspiring to everything “American.” At the same time, this group actually can be rather ill informed. Since their information comes from general media and TV, and we all know that, at best, is only a partial portrayal of the actual society, and at worst a gross misrepresentation. Many Chinese, after arriving in the States, face the harsh reality that what they dreamt about does not match reality.

Secondly and somewhat related, Chinese investors tend to cluster. Because of the strength of relationships they trust (more on this key element later), if one of their circle of friends invests in one area, it’s likely that many others will follow. From a property perspective this can be both a blessing and a curse: it can drive prices up beyond their fair market value as the lead investor, in essence, has established a new (Chinese) market value for a particular community just by virtue of moving there. On the other hand this inflated value only applies to other Chinese investors and, in fact, a heavily Chinese community may decrease the attractiveness and therefore the property value for non-Chinese.

As I see it, here are the four types of Chinese investors looking to acquire property in the United States.

1. THE ACCELERATED-RETURN BUYER

Massive short-term wealth has been realized in Hong Kong and Shanghai for thousands of Chinese investors in recent years through the acquisition and sale of property within China’s borders. Accustomed to that fantastic appreciation, the accelerated-return investor looks now to replicate this double-digit return strategy when seeking additional investment abroad – which can be very difficult.

In a recent study about investment strategies of the Chinese über-wealthy, there’s a much greater appetite for “wealth growth” over “wealth preservation.” This focus on “more, more, more” tends to drive investors to look for returns in the 20 to 40 percent range, responding to a 5 to 8 percent return with little interest.

In the residential arena, this investor isn’t interested in a home that can’t create a short-term rate of return (unless you are willing to sell at a deep discount), which therefore takes them out of the potential buying pool and the payment of those hoped-for premium prices.

2. THE FUTURE GENERATIONS BUYER

Consider the Pasadena and San Marino areas of Los Angeles, where the Asian population has growth dramatically in recent years because of the emerging family-oriented community and access to high-caliber schools. Culturally, family and children have the greatest value for wealthy Chinese, who are especially focused on diversification and asset protection due to the government’s ability to give and take at its discretion.

Here the motivation to buy is strongly based on making sure their next generation has the best education to prepare them for getting into the top colleges and universities. An investor will likely pay fair market value (and not more, after having done much analysis of facts and figures) for a home because the return is realized through the support of their children rather than a quick jump in their bank accounts. Because for these buyers, the ultimate reward is providing the absolute best for their family.

3. THE CITIZENSHIP BUYER

The U.S. offers some programs that provide a path to citizenship for those who create new business that provide sustainable jobs over 5-year periods. However, I have been told that foreign investors have lost some $10 billion simply because the programs’ stringent terms cannot be met. This type of news travels fast. As such, this type of investor isn’t looking toward the acquisition of residential real estate as part of the design for citizenship.

4. THE ANECTODAL VALUE BUYER

When those with immense wealth can buy anything they desire, the experience and/or the uniqueness of an asset takes on tremendous value in terms of bragging rights and/or exclusivity that makes one’s heart rate quicken. The ability to play golf with Tiger Woods — if that’s even possible for the average person — is a once-in-a-lifetime opportunity, and wealth pays for that without batting an eyelash.

In the residential space, if you have a trophy property — or one of notoriety, perhaps if a famous celebrity recently owned it — you can attract the attention of the über-wealthy. This seduction is done in a highly discreet manner. And only after the acquisition has been realized, is the circle of friends made aware for all to see.

Relationships are absolutely critical to penetrate the inner circle to even present these types of opportunities.

And unless you’ve gained an insider’s trust, no measurable amount of blind marketing will capture anything more than a passing interest. Trust is earned over time through the demonstration of caring and through requests and favors in the highest spirit of integrity. As it was said to me: “I care for you and you care for me. When I need something, the fact that I would ask you to assist is the highest form compliment I may pay you. And when you need something of me, I hope that you will trust me enough to ask.”

For sellers with these types of “experience” properties, the way to reach this class of foreign buyers is from the inside out — and that takes patience above all else.

These four main types of Chinese buyers all still have one thing in common: a vast amount of wealth. However, this only tells part of their story. For instance there’s the:

Highly Educated and Sophisticated Buyer

• mostly educated overseas (many in the US)

• savvy

• made their money in China, on par with top American buyers

• looking for top level of service

• extremely demanding, wanting to know every detail of the deal

• will rely heavily on their stable of lawyers, financial advisers, etc.

Barely Educated Nouveau Riche

• mostly locally trained

• very little education

• made a lot of money through connections or hard work

• enamored with trophy real estate for sake of bragging rights

• drives the best cars, lives in the largest homes (often gaudy in design)

• tend to be the biggest spenders with the least hassle during negotiations

• usually make “gut” decisions

Well Educated but Local Rich

• representing the wealthy, well-connected intelligentsia of China

• a little lost when coming to the USA and frustrated by that fact

• may need the most advice

• extremely diligent in learning all aspects of life in America as soon as possible

• appreciates consultation and introduction to similar level executives

Identifying the ideal type of foreign buyer for your home is one thing. But there are other challenges to striking deals with these buyers that you should be aware of, as well. One such element is the language barrier, which leads many foreign investors toward Asian-speaking brokers and agents that may or may not be as well versed with the customs and practices of our local communities. Some representatives of these buyers make deals to give portions of their commissions back as a form of “partnership,” which compromises the integrity of the home-buying process. Locally, offers have even been presented with the agent having signed on the buyer’s behalf, or with no buyer’s signature at all.

Also in play is the fact that much of the money needed to finalize these purchases is located in Chinese banks, which can create its own problems. However, in speaking with UBS in Hong Kong, I was assured that, if the money is held with their financial institution, transferring money from China to the United States can take as little as two to three business days. Thankfully, if the funds are with UBS or in a similarly reputable financial institution, this shouldn’t be a major source of frustration.

It took me coming to these environments, and talking with smart and experienced players in this economy, to better understand the depth and breadth of the foreign investor’s mindset. And candidly, I’m still just scratching the surface. But from what I’ve learned so far, China is poised for tremendous growth for the foreseeable future. The Chinese government, by many accounts, controls the flow of money and resources to support themselves and allow hundreds of thousands of current and emerging millionaires and billionaires to share in the gain. Understanding how they think culturally and what motivates them are keys for our success if we are going to manage our own expectations as to whether our not they become our next home purchaser.

Real Estate for Sale in Sunset Park Santa Monica

admin — Fri, 22 Feb 2013 00:35:44 +0000

Here are the houses that are currently available for sale in Sunset Park Santa Monica. This is a great neighborhood that I am happy to call home as well. If you would like any additional info please don’t hesitate to ask.

Showing properties 1 - 15 of 15. See more Real estate in the city of Santa Monica.
(all data current as of 5/18/2013)

$1,195,000 : 1309 ARIZONA AVE, Santa Monica

1 bed, 1 full bath

Home size: 728 sq ft

Lot size: 2,502 sqft

Year built: 1923

Parking spots: 2

Days on market: 3

Walk Score®: 97
$1,179,000 : 1609 ASHLAND AVE, Santa Monica

3 beds, 1 full bath

Home size: 1,317 sq ft

Lot size: 6,913 sqft

Year built: 1938

Parking spots: 2

Days on market: 4

Walk Score®: 71
$1,429,000 : 2452 WASHINGTON AVE, Santa Monica

2 beds, 2 full baths

Home size: 1,467 sq ft

Lot size: 5,067 sqft

Year built: 1942

Parking spots: 4

Days on market: 10

Walk Score®: 71
$879,000 : 2124 YORKSHIRE AVE, Santa Monica

3 beds, 1.75 baths

Home size: 1,360 sq ft

Lot size: 5,861 sqft

Year built: 1944

Parking spots: 2

Days on market: 10

Walk Score®: 78
$1,175,000 : 2502 PEARL ST, Santa Monica

2 beds, 1.0 baths

Home size: 1,186 sq ft

Lot size: 7,350 sqft

Year built: 1946

Parking spots: 2

Days on market: 16

Walk Score®: 74
$1,350,000 : 2305 30TH ST, Santa Monica

2 beds, 1.5 baths

Home size: 1,114 sq ft

Lot size: 6,001 sqft

Parking spots: 2

Days on market: 23

Walk Score®: 86
$1,490,000 : 1001 PACIFIC ST, Santa Monica

4 beds, 3.5 baths

Home size: 2,010 sq ft

Lot size: 6,475 sqft

Year built: 1937

Parking spots: 6

Days on market: 23

Walk Score®: 80
$880,000 : 2404 Hill Street, Santa Monica

2 beds, 1 full bath

Home size: 1,110 sq ft

Lot size: 7,016 sqft

Year built: 1940

Parking spots: 4

Days on market: 29

Walk Score®: 71
$859,000 : 713 OZONE ST, Santa Monica

1 bed, 1 full bath

Home size: 600 sq ft

Lot size: 1,994 sqft

Year built: 1924

Parking spots: 1

Days on market: 31

Walk Score®: 78
$1,095,000 : 749 NAVY ST, Santa Monica

2 beds, 2 full baths

Home size: 1,168 sq ft

Lot size: 3,182 sqft

Year built: 1923

Parking spots: 2

Days on market: 46

Walk Score®: 75
$1,395,000 : 2520 CLOVERFIELD, Santa Monica

3 beds, 2.0 baths

Home size: 1,776 sq ft

Lot size: 6,767 sqft

Year built: 1939

Parking spots: 4

Days on market: 64

Walk Score®: 75
$1,295,000 : 652 KENSINGTON RD, Santa Monica

3 beds, 1 full bath

Home size: 1,831 sq ft

Lot size: 5,000 sqft

Year built: 1927

Parking spots: 4

Days on market: 88

Walk Score®: 82
$1,095,000 : 1038 BAY ST, Santa Monica

2 beds, 1 full, 1 part baths

Home size: 1,095 sq ft

Lot size: 6,473 sqft

Year built: 1938

Parking spots: 4

Days on market: 96

Walk Score®: 78
$1,499,999 : 386 ENTRADA Drive, Santa Monica

2 beds, 2 full baths

Home size: 1,008 sq ft

Lot size: 7,797 sqft

Year built: 1947

Parking spots: 2

Days on market: 208

Walk Score®: 55
$873,000 : 1027 ASHLAND AVE, Santa Monica

4 beds, 1.75 baths

Home size: 1,518 sq ft

Lot size: 8,555 sqft

Year built: 1940

Parking spots: 6

Days on market: 1,850

Walk Score®: 72

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Luxury Houses in the Pacific Palisades

admin — Thu, 31 Jan 2013 23:37:35 +0000

Showing properties 1 - 30 of 51. See more Real estate in the Pacific Palisades community.
(all data current as of 5/18/2013)

$14,900,000 : 1545 LACHMAN LN, Pacific Palisades

6 beds, 8.0 baths

Home size: 11,249 sq ft

Lot size: 29,462 sqft

Year built: 1992

Parking spots: 9

Days on market: 9

Walk Score®: 5
$3,950,000 : 1467 CHASTAIN PARKWAY, Pacific Palisades

5 beds, 5.5 baths

Home size: 6,754 sq ft

Lot size: 12,403 sqft

Year built: 1990

Parking spots: 3

Days on market: 10

Walk Score®: 12
$5,200,000 : 326 TOYOPA DR, Pacific Palisades

6 beds, 5.5 baths

Home size: 6,135 sq ft

Lot size: 17,089 sqft

Year built: 1951

Days on market: 11

Walk Score®: 55
$3,495,000 : 1010 KAGAWA ST, Pacific Palisades

4 beds, 3.5 baths

Home size: 3,710 sq ft

Lot size: 7,285 sqft

Parking spots: 2

Days on market: 17

Walk Score®: 66
$3,150,000 : 16652 VIA PACIFICA, Pacific Palisades

5 beds, 4.5 baths

Home size: 5,396 sq ft

Lot size: 11,860 sqft

Year built: 1996

Days on market: 20

Walk Score®: 6
$3,095,000 : 1131 FISKE ST, Pacific Palisades

4 beds, 4.5 baths

Home size: 3,427 sq ft

Lot size: 6,502 sqft

Year built: 2006

Parking spots: 4

Days on market: 20

Walk Score®: 69
$5,495,000 : 15960 ALCIMA AVE, Pacific Palisades

5 beds, 5.0 baths

Home size: 5,508 sq ft

Lot size: 16,598 sqft

Year built: 2004

Days on market: 24

Walk Score®: 48
$3,675,000 : 739 ALMA REAL DR, Pacific Palisades

5 beds, 4 full, 1 part baths

Home size: 4,432 sq ft

Lot size: 7,341 sqft

Year built: 1989

Days on market: 24

Walk Score®: 85
$3,195,000 : 1100 CHARM ACRES PL, Pacific Palisades

4 beds, 4.5 baths

Home size: 4,345 sq ft

Lot size: 7,315 sqft

Year built: 2008

Parking spots: 2

Days on market: 24

Walk Score®: 80
$5,995,000 : 269 BELLINO DR, Pacific Palisades

7 beds, 5.0 baths

Home size: 4,270 sq ft

Lot size: 18,066 sqft

Year built: 1949

Parking spots: 2

Days on market: 30

Walk Score®: 49
$3,225,000 : 16032 MIAMI WAY, Pacific Palisades

5 beds, 4.5 baths

Home size: 4,047 sq ft

Lot size: 5,744 sqft

Year built: 2007

Days on market: 31

Walk Score®: 54
$4,750,000 : 16875 CALLE DE SARAH, Pacific Palisades

4 beds, 4.5 baths

Home size: 5,470 sq ft

Lot size: 27,656 sqft

Year built: 1999

Parking spots: 4

Days on market: 31

Walk Score®: 11
$3,299,000 : 618 ERSKINE DR, Pacific Palisades

4 beds, 4.5 baths

Home size: 3,792 sq ft

Lot size: 12,394 sqft

Year built: 1949

Days on market: 31

Walk Score®: 71
$4,295,000 : 766 TOYOPA DR, Pacific Palisades

6 beds, 6.5 baths

Home size: 5,082 sq ft

Lot size: 8,050 sqft

Year built: 2005

Parking spots: 2

Days on market: 34

Walk Score®: 82
$6,195,000 : 767 PASEO MIRAMAR, Pacific Palisades

5 beds, 7 full, 1 part baths

Home size: 7,148 sq ft

Lot size: 16,277 sqft

Year built: 2000

Days on market: 38

Walk Score®: 43
$3,495,000 : 15922 NORTHFIELD ST, Pacific Palisades

6 beds, 4.5 baths

Home size: 4,125 sq ft

Lot size: 6,673 sqft

Year built: 2013

Parking spots: 4

Days on market: 44

Walk Score®: 66
$3,195,000 : 14619 BESTOR, Pacific Palisades

4 beds, 3.0 baths

Lot size: 7,799 sqft

Year built: 1940

Days on market: 45

Walk Score®: 66
$5,895,000 : 1300 W Minorca DR, Pacific Palisades

8 beds, 10.0 baths

Home size: 8,222 sq ft

Lot size: 37,297 sqft

Year built: 1937

Parking spots: 3

Days on market: 45

Walk Score®: 25
$3,700,000 : 1046 CHAUTAUQUA, Pacific Palisades

4 beds, 2 full, 2 part baths

Home size: 3,180 sq ft

Lot size: 10,347 sqft

Year built: 1930

Parking spots: 2

Days on market: 45

Walk Score®: 46
$5,295,000 : 16490 EL HITO PL, Pacific Palisades

5 beds, 4.0 baths

Home size: 5,495 sq ft

Lot size: 1.03 ac

Year built: 1978

Parking spots: 10

Days on market: 48

Walk Score®: 17
$3,395,000 : 17872 TRAMONTO DR, Pacific Palisades

5 beds, 3.5 baths

Home size: 3,511 sq ft

Lot size: 5,330 sqft

Year built: 1956

Days on market: 48

Walk Score®: 37
$3,475,000 : 17628 CAMINO DE YATASTO, Pacific Palisades

5 beds, 6.5 baths

Home size: 6,711 sq ft

Lot size: 24,128 sqft

Year built: 1983

Days on market: 48

Walk Score®: 12
$3,299,000 : 682 MUSKINGUM AVE, Pacific Palisades

6 beds, 6.5 baths

Home size: 4,524 sq ft

Lot size: 6,010 sqft

Year built: 2003

Parking spots: 4

Days on market: 54

Walk Score®: 65
$4,850,000 : 15060 ALTATA DR, Pacific Palisades

6 beds, 5 full, 1 part baths

Home size: 5,553 sq ft

Lot size: 11,353 sqft

Year built: 1951

Days on market: 55

Walk Score®: 54
$14,999,000 : 212 VANCE ST, Pacific Palisades

7 beds, 10 full baths

Home size: 11,272 sq ft

Lot size: 39,861 sqft

Year built: 1950

Parking spots: 4

Days on market: 59

Walk Score®: 51
$12,900,000 : Amalfi Drive, Pacific Palisades

6 beds, 8.0 baths

Home size: 10,400 sq ft

Lot size: 26,699 sqft

Year built: 2003

Days on market: 62
$5,950,000 : 1505 UMEO RD, Pacific Palisades

4 beds, 4.5 baths

Home size: 3,932 sq ft

Lot size: 28,063 sqft

Year built: 2011

Days on market: 69

Walk Score®: 14
$3,484,000 : 15300 EARLHAM ST, Pacific Palisades

4 beds, 4 full, 1 part baths

Home size: 4,206 sq ft

Year built: 2013

Parking spots: 4

Days on market: 72

Walk Score®: 58
$5,950,000 : 16326 SHADOW MOUNTAIN DR, Pacific Palisades

5 beds, 7.0 baths

Home size: 5,104 sq ft

Lot size: 1.04 ac

Year built: 1988

Parking spots: 6

Days on market: 79

Walk Score®: 17
$13,900,000 : 14209 Evans RD, Pacific Palisades

9 beds, 9.5 baths

Home size: 10,000 sq ft

Lot size: 2.48 ac

Year built: 1982

Days on market: 82

Walk Score®: 28

Listing information deemed reliable but not guaranteed. Read full disclaimer.

I’m a Father! Welcome Grayson Mullin

admin — Sat, 19 Jan 2013 01:28:18 +0000

Grayson Lord Mullin was born on 1/15/13 at 4:25 PM at St John’s in Santa Monica. A nice big boy at 8 lbs and 2 oz. Grayson and mom are happy and healthy! We are so excited and in love with this little guy.

Santa Monica House 2316 30th sells for $1,220,000

admin — Wed, 02 Jan 2013 03:10:12 +0000

This 3 bedroom and 2 bath house in Santa Monica sold for $70,000 over asking price. Selling for an amazing $900 sq/ft – this sale shows that the market in Sunset Park is on fire. It is a great time to sell if you have a similar “starter home” as they are considered. With so many houses selling in multiple offers there are a lot of frustrated buyers out there right now ready to pounce on a house of this size. Or if you are a buyer, it is time to pull the trigger and buy now as the consensus is we will have several years of these quickly raising property values in Sunset Park Santa Monica.

Luxury Properties in Santa Monica

admin — Mon, 03 Dec 2012 20:15:30 +0000

Please take a look at these luxury properties for sale in Santa Monica. If you would like any additional information feel free to ask!

Showing properties 1 - 25 of 25. See more Real estate in the Santa Monica community.
(all data current as of 5/18/2013)

$11,500,000 : 1725 SAN VICENTE BLVD, Santa Monica

7 beds, 6.5 baths

Home size: 7,066 sq ft

Lot size: 1.07 ac

Year built: 1972

Parking spots: 10

Days on market: 10

Walk Score®: 32
$4,695,000 : 308 21ST PL, Santa Monica

5 beds, 5.5 baths

Home size: 4,705 sq ft

Lot size: 9,047 sqft

Year built: 2000

Parking spots: 2

Days on market: 10

Walk Score®: 55
$3,995,000 : 352 20TH ST, Santa Monica

5 beds, 4.5 baths

Home size: 3,955 sq ft

Lot size: 8,939 sqft

Parking spots: 2

Days on market: 10

Walk Score®: 54
$3,898,000 : 334 20TH ST, Santa Monica

4 beds, 3.5 baths

Home size: 4,068 sq ft

Lot size: 8,934 sqft

Year built: 1927

Parking spots: 2

Days on market: 12

Walk Score®: 54
$3,898,000 : 715 23RD ST, Santa Monica

5 beds, 5.5 baths

Home size: 4,632 sq ft

Lot size: 8,689 sqft

Year built: 1933

Days on market: 23

Walk Score®: 58
$18,750,000 : 341 W CHANNEL RD, Santa Monica

8 beds, 13.0 baths

Home size: 12,500 sq ft

Lot size: 19,500 sqft

Year built: 2011

Days on market: 24

Walk Score®: 51
$3,665,000 : 609 7TH ST, Santa Monica

5 beds, 4.5 baths

Home size: 4,044 sq ft

Lot size: 7,503 sqft

Year built: 2006

Parking spots: 2

Days on market: 26

Walk Score®: 77
$4,295,000 : 465 25TH ST, Santa Monica

5 beds, 5.5 baths

Home size: 5,000 sq ft

Lot size: 8,699 sqft

Year built: 1989

Parking spots: 2

Days on market: 30

Walk Score®: 58
$4,995,000 : 120 HART AVE, Santa Monica

3 beds, 3 full, 1 part baths

Home size: 3,510 sq ft

Lot size: 2,835 sqft

Year built: 2011

Parking spots: 8

Days on market: 35

Walk Score®: 78
$29,950,000 : 609 E CHANNEL RD, Santa Monica

12 beds, 12.5 baths

Home size: 14,000 sq ft

Lot size: 3.35 ac

Year built: 1932

Days on market: 38

Walk Score®: 45
$3,700,000 : 527 LATIMER RD, Santa Monica

3 beds, 2 full, 1 part baths

Home size: 2,347 sq ft

Lot size: 17,060 sqft

Year built: 1952

Parking spots: 2

Days on market: 39

Walk Score®: 52
$6,900,000 : 401 25TH ST, Santa Monica

4 beds, 3.75 baths

Lot size: 17,400 sqft

Year built: 1913

Days on market: 44

Walk Score®: 57
$3,995,000 : 557 12TH ST, Santa Monica

6 beds, 5 full, 1 part baths

Home size: 4,698 sq ft

Lot size: 7,499 sqft

Year built: 1989

Parking spots: 4

Days on market: 59

Walk Score®: 86
$3,650,000 : 816 SAN VICENTE BLVD, Santa Monica

4 beds, 3.0 baths

Home size: 3,567 sq ft

Lot size: 8,319 sqft

Year built: 1929

Parking spots: 2

Days on market: 59

Walk Score®: 54
$3,595,000 : 401 18TH ST, Santa Monica

4 beds, 4 full, 1 part baths

Home size: 4,542 sq ft

Lot size: 8,928 sqft

Days on market: 59

Walk Score®: 58
$3,699,000 : 712 SAN LORENZO ST, Santa Monica

5 beds, 4.0 baths

Home size: 4,700 sq ft

Lot size: 6,904 sqft

Year built: 1949

Parking spots: 4

Days on market: 76

Walk Score®: 34
$4,095,000 : 739 23RD ST, Santa Monica

5 beds, 5.0 baths

Home size: 5,401 sq ft

Lot size: 8,727 sqft

Year built: 1997

Parking spots: 2

Days on market: 79

Walk Score®: 60
$4,499,000 : 230 21ST PL, Santa Monica

5 beds, 5.5 baths

Year built: 2007

Parking spots: 2

Days on market: 101

Walk Score®: 55
$4,475,000 : 1309 PALISADES BEACH RD, Santa Monica

3 beds, 4 full baths

Home size: 3,291 sq ft

Lot size: 2,524 sqft

Year built: 2002

Parking spots: 4

Days on market: 110

Walk Score®: 89
$34,995,000 : 1525 SAN VICENTE BLVD, Santa Monica

7 beds, 13.0 baths

Home size: 22,794 sq ft

Lot size: 1.35 ac

Days on market: 121

Walk Score®: 35
$3,750,000 : 7 VICENTE TER, Santa Monica

4 beds, 4 full, 1 part baths

Lot size: 3,602 sqft

Year built: 2005

Parking spots: 2

Days on market: 123

Walk Score®: 85
$10,900,000 : 436 ADELAIDE DR, Santa Monica

4 beds, 6.0 baths

Home size: 7,801 sq ft

Lot size: 21,075 sqft

Year built: 1926

Days on market: 132

Walk Score®: 51
$5,950,000 : 804 WOODACRES RD, Santa Monica

5 beds, 4.5 baths

Home size: 3,135 sq ft

Lot size: 39,912 sqft

Year built: 1951

Parking spots: 2

Days on market: 179

Walk Score®: 29
$6,872,000 : 533 MARGUERITA AVE, Santa Monica

5 beds, 5.5 baths

Home size: 6,055 sq ft

Lot size: 14,631 sqft

Year built: 1999

Days on market: 212

Walk Score®: 71
$3,675,000 : 943 CENTINELA AVE, Santa Monica

4 beds, 4.5 baths

Home size: 6,585 sq ft

Lot size: 8,158 sqft

Year built: 1992

Days on market: 587

Walk Score®: 68

Listing information deemed reliable but not guaranteed. Read full disclaimer.

New Condos in Brentwood

admin — Thu, 29 Nov 2012 16:07:54 +0000

Take a look at some of these new condos in Brentwood.

Showing properties 1 - 50 of 55. See more Real estate in the Brentwood community.
(all data current as of 5/18/2013)

$1,195,000 : 11982 MAYFIELD AVE, Unit B, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,972 sq ft

Lot size: 7,319 sqft
$479,000 : 1000 S WESTGATE AVE, Unit 313, Los Angeles

1 bed, 1 full, 1 part baths

Home size: 920 sq ft

Lot size: 32,989 sqft
$849,000 : 1176 Wellesley Avenue #Ph4, Brentwood

2 beds, 3 full baths

Home size: 1,756 sq ft

Lot size: 12,556 sqft
$425,000 : 11639 CHENAULT ST, Unit 303, Los Angeles

1 bed, 1.0 baths

Home size: 683 sq ft

Lot size: 9,716 sqft
$529,000 : 1154 South Barrington Avenue #312, Los Angeles

2 beds, 2 full baths

Home size: 965 sq ft

Lot size: 1,000 sqft
$899,000 : 11932 GOSHEN AVE, Unit 202, Los Angeles

3 beds, 1 full, 1 part baths

Home size: 1,770 sq ft

Lot size: 7,373 sqft
$518,000 : 11743 DARLINGTON AVE, Unit 6, Los Angeles

2 beds, 1 full, 1 part baths

Home size: 993 sq ft

Lot size: 7,375 sqft
$688,000 : 831 S GRETNA GREEN WAY, Unit 205, Los Angeles

2 beds, 2.5 baths

Home size: 1,259 sq ft
$599,500 : 809 South BUNDY #110, Brentwood

2 beds, 2 full baths

Home size: 1,383 sq ft

Lot size: 34,128 sqft
$419,000 : 352 S BARRINGTON AVE, Los Angeles

1 bed, 1.0 baths

Home size: 817 sq ft

Lot size: 21,782 sqft
$815,000 : 982 GRANVILLE AVE, Unit 4, Los Angeles

2 beds, 3.0 baths

Home size: 1,509 sq ft

Lot size: 8,955 sqft
$875,000 : 11628 MONTANA AVE, Unit 104, Los Angeles

2 beds, 2.5 baths

Home size: 2,045 sq ft

Lot size: 27,738 sqft
$649,000 : 11949 GOSHEN AVE, Unit 303, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 1,256 sq ft

Lot size: 23,617 sqft
$769,000 : 11838 KIOWA AVE, Unit 102, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 1,561 sq ft

Lot size: 7,377 sqft
$699,900 : 11951 MAYFIELD AVE, Unit 201, Los Angeles

2 beds, 2.0 baths

Home size: 1,328 sq ft
$699,800 : 11706 MONTANA AVE, Unit 309, Los Angeles

2 beds, 2.0 baths

Home size: 1,558 sq ft

Lot size: 25,326 sqft
$420,000 : 451 South Barrington Avenue #104, Brentwood

1 bed, 1 full, 1 part baths

Home size: 1,063 sq ft

Lot size: 12,179 sqft
$899,000 : 453 S BARRINGTON AVE, Unit 203, Los Angeles

2 beds, 2.5 baths

Home size: 1,905 sq ft

Lot size: 41,443 sqft
$579,900 : 451 South Barrington Avenue #105, Los Angeles

2 beds, 2 full baths

Home size: 1,340 sq ft

Lot size: 12,179 sqft
$719,000 : 11918 KIOWA AVE, Unit 202, Los Angeles

2 beds, 2.0 baths

Home size: 1,403 sq ft

Lot size: 14,176 sqft
$589,000 : 11947 DOROTHY ST, Unit 103, Los Angeles

2 beds, 2 full baths

Home size: 1,123 sq ft

Lot size: 7,376 sqft
$299,000 : 239 S BARRINGTON AVE, Unit F1, Los Angeles

0 beds, 1.0 baths

Home size: 340 sq ft

Lot size: 4.34 ac
$439,000 : 11645 MONTANA AVE, Unit 312, Los Angeles

1 bed, 1.0 baths

Home size: 826 sq ft

Lot size: 1.15 ac
$645,000 : 11667 GORHAM AVE, Unit 207, Los Angeles

2 beds, 1 full, 2 part baths

Home size: 1,512 sq ft

Lot size: 18,490 sqft
$415,000 : 622 S BARRINGTON AVE, Unit 407, Los Angeles

1 bed, 1 full, 1 part baths

Home size: 770 sq ft

Lot size: 33,949 sqft
$428,800 : 1154 S BARRINGTON AVE, Unit 112, Los Angeles

1 bed, 1.0 baths

Lot size: 20,218 sqft
$899,000 : 11925 GOSHEN AVE, Unit 3, Los Angeles

2 beds, 3.0 baths

Home size: 1,960 sq ft

Lot size: 7,500 sqft
$589,000 : 11918 KIOWA AVE, Unit 102, Los Angeles

2 beds, 1 full, 1 part baths

Home size: 1,403 sq ft

Lot size: 14,176 sqft
$799,000 : 1175 AMHERST AVE, Unit PH 10, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 1,777 sq ft

Lot size: 10,998 sqft
$988,000 : 11847 Gorham Avenue #411, Los Angeles

2 beds, 2 full baths

Home size: 1,521 sq ft

Lot size: 1.12 ac
$599,000 : 330 S BARRINGTON AVE, Unit 108, Los Angeles

3 beds, 2.0 baths

Home size: 1,146 sq ft

Lot size: 28,358 sqft
$775,000 : 11687 MONTANA AVE, Unit 109, Los Angeles

3 beds, 3 full baths

Home size: 1,848 sq ft

Lot size: 20,970 sqft
$579,000 : 11949 GOSHEN AVE, Unit 102, Los Angeles

2 beds, 2.5 baths

Home size: 1,100 sq ft

Lot size: 23,617 sqft
$748,000 : 11636 MONTANA AVE, Unit 202, Los Angeles

2 beds, 3.0 baths

Home size: 1,587 sq ft

Lot size: 27,741 sqft
$925,000 : 871 GRANVILLE AVE, Unit 201, Los Angeles

3 beds, 2.5 baths

Home size: 1,764 sq ft

Lot size: 7,347 sqft
$699,000 : 12011 GOSHEN AVE, Unit 203, Los Angeles

2 beds, 2.5 baths

Home size: 1,810 sq ft

Lot size: 14,999 sqft
$399,000 : 289 S BARRINGTON AVE, Unit A203, Los Angeles

1 bed, 1 full bath

Home size: 1,032 sq ft

Lot size: 4.34 ac
$925,000 : 11863 DARLINGTON AVE, Unit 103, Los Angeles

2 beds, 2.5 baths

Home size: 1,634 sq ft

Lot size: 31,465 sqft
$1,395,000 : 1182 WELLESLEY AVE, Unit 401, Los Angeles

4 beds, 4.0 baths

Home size: 2,967 sq ft

Lot size: 6,801 sqft
$1,095,000 : 11692 DARLINGTON AVE, Unit 201, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,800 sq ft

Lot size: 7,375 sqft
$910,000 : 951 GRANVILLE AVE, Unit 201, Los Angeles

3 beds, 2.5 baths

Home size: 1,442 sq ft
$779,000 : 11743 KIOWA AVE, Unit 301, Los Angeles

2 beds, 2.5 baths

Home size: 1,583 sq ft

Lot size: 7,375 sqft
$599,000 : 330 S BARRINGTON AVE, Unit 208, Los Angeles

3 beds, 2.0 baths

Home size: 1,146 sq ft
$699,000 : 11907 DARLINGTON AVE, Unit 201, Los Angeles

2 beds, 2.5 baths

Home size: 1,357 sq ft

Lot size: 7,875 sqft
$799,000 : 11939 GORHAM AVE, Unit 209, Los Angeles

2 beds, 3.0 baths

Home size: 1,669 sq ft

Lot size: 27,753 sqft
$449,999 : 171 N CHURCH LN, Unit 209, Los Angeles

1 bed, 1.0 baths

Home size: 928 sq ft

Lot size: 1.84 ac
$469,000 : 11767 W SUNSET, Unit P2, Los Angeles

1 bed, 1.5 baths

Home size: 868 sq ft
$949,000 : 390 S SEPULVEDA, Unit 311, Los Angeles

3 beds, 3 full baths

Home size: 2,613 sq ft

Lot size: 25,898 sqft
$475,000 : 11970 MONTANA AVE, Unit 308, Los Angeles

1 bed, 1.0 baths

Home size: 1,098 sq ft

Lot size: 40,013 sqft
$949,000 : 11628 MONTANA AVE, Unit 302, Los Angeles

2 beds, 2.5 baths

Home size: 2,107 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Open House Sunday 9/30 in Brentwood at 12227 Gorham

admin — Wed, 26 Sep 2012 21:43:11 +0000

Open house this Sunday in 90049 from 2-5. Beautiful brand new construction 5 bedroom and 5 bath house. Come by and say hi.

We're sorry, but we couldn't find MLS # 12625529 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Partners Trust: Set to do More Than 1 Billion Dollars of Sales This Year!

admin — Tue, 11 Sep 2012 21:57:01 +0000

I’m very proud to say that our small real estate company that was only started 3 years ago is on schedule to close over $1 Billion of total sales this year. Way to go PT! Fasted growing company in LA.

Open House on Sunday 9/7 from 2-5 at 774 Ranch Lane in Pacific Palisades

admin — Fri, 07 Sep 2012 19:06:12 +0000

Come see me this Sunday at 774 Ranch Lane in the Pacific Palisades. Gorgeous 5 bedroom English Manor house. You won’t be disappointed!

We're sorry, but we couldn't find MLS # 12618281 in our database. This property may be a new listing or possibly taken off the market. Please check back again.