1096 S Bedford Dr.

Tired of looking for luxury and finding little to no luxury. Your search ends at 1096 S Bedford Drive. On coveted tree lined Bedford , and only steps from Beverly Hills and Roxbury Park,  is this beautiful contemporary Mediterranean townhouse designed for the most discerning. It is a newer construction, corner unit, with  three en-suite bedrooms, private balconies and terrace over three floors with direct access parking. High ceilings, living room with marble fireplace, walnut flooring throughout, gourmet kitchen, stainless steel appliances. Tumbled marbles baths, with separate tub and shower. Large top floor master bedroom with own private terrace, very large bath with separate tub and shower, plus, double sinks and custom walk in closet. Central air and heat, full size washer and dryer in unit. No detail has been missed in this impeccably designed home. For additional details go to www.LAmetroHome.com featured properties. Shown by appointment.

2002 Chariton St $480,000.00

Be sweep away by this renovated romantic Spanish adjacent to Beverly Wood in La Cienega Heights Neighborhood. House was an extreme fixer that has been completely renovated. Enter into large living room with smooth arched ceiling, elegant lighting, honey colored floors and large inviting fireplace. Gather in this spacious open floor plan with arched doorways, period details, separate dining and breakfast room, designer kitchen with stainless appliances, two comfortable bedrooms and a well-appointed bath. Separate permitted guesthouse with own separate bath and kitchen. Large corner lot offers a beautiful expansive lawn shaded by a large majestic tree. The picture perfect rare find in central Westside location.  For more pictures and details on this and other properties visit LAmetroHome.com and select featured properties, The L.A. Metrohome Team.

1531 Camden Dr. L.A. Ca Priced at $799,000. Elegant living defines this sophisticated two bedroom, en-suite, city condo located in West Los Angeles. This is a standard sale condominium with a double door entry that opens to a sumptuous foyer. There is a step down living room with fireplace, high ceilings, recessed lighting, and crown molding throughout. Home comes with separate formal dining room with covered ceiling. A well-appointed kitchen and washer and dryer inside the unit Retire to an expansive master suite complete with extensive closet space and luxurious bath. Rear corner unit w/balcony; secure building with copper plumbing, newer roof, rec room, pool, spa, sauna, gym side-by-side parking, storage locker, low dues cable included, Prime North of Santa Monica location, east access to Freeway, shopping, restaurants and entertainment. Why stress out competing over short sales or REO bank owned property when you can purchase this property as a standard sale. For more pictures and information on this and other properties visit LAmetroHome.com, The L.A. Metrohome Team.

We are on the market and ready for offers priced at $450,000. This wonderful property located in an urban, vibrant setting boasts the following features:

• Large deep back yard
• Two car garage
• Gated, secure driveway
• New concrete driveway
• Air conditioning
• Bamboo Floors
• Dual pane windows
• Updated electrical
• Rooms wired for Internet and Plasma TV
• All copper plumbing
• Designing Lighting
• Architecturally designed front yard
• New Kitchen and Baths
• Stainless Steel Appliances
• Easy Access to large attic space
• Fully fenced yard

And the details go on in the use of excellent materials such as limestone, marble, designer tile…Enjoy the indoor outdoor lifestyle for the price of a condominium. Call Paul Cruz, Keller Williams Realty 310-498-4942, LAmetroHome.com for a private showing. Inquire about other projects under construction.

For release:
Feb. 9, 2012

California housing affordability improves, matching previous record high, C.A.R. reports

LOS ANGELES (Feb. 9) – California’s housing affordability rose to its highest level in fourth-quarter 2011, matching a record high set in 2009, thanks to lower home prices and record-low interest rates, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California rose to 55 percent in the fourth quarter of 2011, up from 52 percent in third-quarter 2011 and from 50 percent in the fourth quarter of 2010, according to C.A.R.’s Traditional Housing Affordability Index (HAI).  The index was the highest since C.A.R. began tracking this statistic in 1988, and equaled a high set in first-quarter 2009.

C.A.R.’s HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California.  C.A.R. also reports affordability indices for regions and select counties within the state.  The Index is considered the most fundamental measure of housing well-being for home buyers in the state.

Home buyers needed to earn a minimum annual income of $57,750 to qualify for the purchase of a $282,350 statewide median-priced, existing single-family home in the fourth quarter of 2011.  The monthly payment, including taxes and insurance on a 30-year fixed-rate loan, would be $1,440, assuming a 20 percent down payment and an effective composite interest rate of 4.31 percent.  The effective composite interest rate in third-quarter 2011 was 4.63 percent and 4.62 percent in the fourth quarter of 2010.

In the San Francisco Bay Area, housing affordability rose in most counties except San Francisco and San Mateo counties, where it was unchanged, primarily due to home price increases in those counties.  At 78 percent, San Bernardino County was the most affordable, while San Francisco County was the least affordable, with only 26 percent of households able to purchase the county’s median-priced home.

Visit http://www.car.org/marketdata/data/haitraditional/ to see C.A.R.’s historical housing affordability data.  For first-time buyer housing affordability data, visit http://www.car.org/marketdata/data/ftbhai/.

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 160,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

2006 Chariton

2002 Chariton

We are almost to the finish line on the renovation of 2006 Chariton, Beverlywood Ca. With all the hard work done the detailing is now coming together. You can already see the transformation taking place with the brand new flooring and tile that is installed. The crew is working tirelessly to get all work completed. Work has now commenced on  2002 Chariton (the house next door.) 2006 Chariton should be ready to show in the next two weeks or sooner, stay tuned. 2002 may take a little longer. If you have already registered we will be in touch for your sneak peek of the finished product. If you have not registered it is not too late. It’s easy to go to LAmetroHome.com and Select REGISTER TO WIN. Follow instructions by clicking on the Contact button in the text and send us your e-mail. You will automatically be entered to win a prize and be registered for a sneak peek of the properties before they go on market. Not to worry your e-mail information will not be sold or traded.

347 N Crescent Heights, Los Angeles, 90048 Price $875,000.00 is definitely the hottest buy to kick of this year. Now on market and ready to show. Excellent Beverly Center location on Crescent Heights with a gated driveway and easy access to everything your need. Walking distance to shopping, restaurants and entertainment. House has a two-car garage plus plenty of off street parking for guests on large 6300 sq. ft. lot. The house is two stories, has 6 spacious bedrooms and 4 bathrooms plus home office. Large spacious Master Bedroom with private balcony. Generous open floor plan. Living room with high wood beamed ceiling and fireplace, hardwood floors throughout. There is a Gourmet kitchen, granite counter tops, stainless appliances and more. Property is bank owned, finance options available. Largest home in the area in this price range. Contact Paul Cruz L.A Metrohome 310-498-4942 for private showing or come by on Sunday 1-4pm.

Have we reached the bottom? There are some positive indicators but are they enough to get folks in the buying mood and will money be any easier to get? The following was taken from an article by Lawrence Yun, National Association of Realtors Chief Economist. You can read the full article, Good Signs for the New Year by following this link http://www.realtor.org/research/reinsights/economistcommentary?cid=WR12212011:37509&ed_rid=2598311

Mr. Yun makes four good points and illustrates how rising costs in the future compare to a mortgage secured today.

First, existing home inventory has been trending downward consistently.

Second, rents are rising and rent increases accelerating.

Third, jobs are being added to the economy.

Fourth, mortgage rates are too low to pass up.

He goes on to ask  and adds – What will happen over the next 30 years? If the cost of some of the above consumer items rises at a similar pace as in the past 30 years, then gasoline prices will run around $9 per gallon while the $20,000 college tuition of today will reach $140,000 per year. But one item which the consumer will not pay a nickel more is on their monthly mortgage payment. At the current median home price and current mortgage rate, the monthly mortgage payment would be fixed at $698 per month for the next 30 years. At the same time, home values likely will have tripled.

http://www.realtor.org/research/reinsights/economistcommentary?cid=WR12212011:37509&ed_rid=2598311

Paul Cruz

Renovations underway at 2002/ 2006 Chariton, Beverlywood Ca. Rain or shine the crew is busy at work sprucing up 2006 Chariton (pictured above). Their focus will shift back to 2002 Chariton (the house next door) once 2006 is complete. This is a unique side-by-side project, both homes sit directly next to each other.  You can buy both to rent out for income, or live in one and rent out the other or have the mother in law move in next door, be one big cozy family. The possibilities are many and now is the time to start planning. Buying a home in today’s market can be very challenging, it’s more important then ever to work with an experienced agent and loan broker or direct lender. Contact us at LAmetroHome.com to see how we can help. We have worked with many lenders, you will have the opportunity to interview them and find the right fit. See how they can best support you in the process of applying and securing a home loan approval. We are moving fast on completing renovations. Stay ahead of the curve, find out today if you qualify to buy and how much you can afford. One or both of these homes could be your dream house so why miss out to someone who is more prepared. You can also register today for a sneak peek of the homes once renovations are complete. It’s easy go to LAmetroHome.com and Select REGISTER TO WIN. Follow instructions by clicking on the Contact button in the text and send us your e-mail. You will automatically be entered to win a prize and be registered for a sneak peek of the properties before they go on market. Start receiving regular updates of their progress sent directly to your e-mail address. Not to worry your e-mail information will not be sold or traded.