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Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

Risks Of Being Represented By A Seller’s Agent

Posted Nov. 21, 2015, 10:38 am

California is one of the states where “dual agency” is permitted in real estate transactions (where one agent represents both buyer and seller). Other states require that their own agent represent each side of a residential purchase.

The apartment property located at 2250 30th St., Santa Monica.

News, Real Estate, Santa Monica

10-Unit Apartment Property Sold In Santa Monica For $2 Million

Posted Nov. 16, 2015, 9:20 am

Stepp Commercial, a leading multifamily brokerage firm in the Santa Monica market, has completed the $2 million sale of fully occupied, 10-unit apartment property located at 2250 30th Street on the corner of Pico Blvd. and 30th in Santa Monica.

Lincoln Property Company, along with partners Linwood Ventures and Artemis Real Estate Company, announced the sale of 2825 Santa Monica Boulevard, a premier medical office building in Santa Monica’s highly sought-after medical office market. The building was sold to Stockdale Capital for $38.5 million.

News, Real Estate, Business, Santa Monica

Santa Monica Medical Building Sold For $38.5 Million On Santa Monica Blvd.

Posted Oct. 29, 2015, 3:55 pm

In one of the most sought-after medical office submarkets in Southern California, Lincoln Property Company, in partnership with Linwood Ventures and Artemis Real Estate Partners, has sold 2825 Santa Monica Boulevard, a premier medical office building in Santa Monica, to Stockdale Capital for $38.5 million.

The property at 1830 12th Street in Santa Monica.

News, Real Estate, Santa Monica

Santa Monica Apartment Property Sells For $2.2 Million

Posted Oct. 24, 2015, 8:39 am

Stepp Commercial, a leading multifamily brokerage firm in the Santa Monica market, has completed the $2.2 million sale of fully occupied, six-unit apartment property located at 1830 12th Street near Michigan Avenue in Santa Monica.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica, Housing

Prepare Now For The Upcoming Rainy Season

Posted Oct. 24, 2015, 8:06 am

Even though it may be difficult to imagine with the current weather conditions, the coming winter season has been forecasted to be one of heavy and long-lasting rains. While of course that will be a refreshing change from the lengthy drought we have endured the past several years, it will undoubtedly result in many challenges for local homeowners – especially those who have not prepared for possibly record-breaking amounts of water on and around their property.

Comedian Norm Macdonald's roughly 2,000-square-foot loft has two terraces and unobstructed ocean views.

News, Real Estate, Celebrity, Santa Monica

Check Out Norm Macdonald's $2.2 million Santa Monica Condo

Posted Sep. 28, 2015, 9:42 am

The "Saturday Night Live" alumn selling his Santa Monica condo with Sotheby’s International Realty.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

Key Factors In Evaluating Santa Monica Properties

Posted Sep. 25, 2015, 6:00 am

It may help to understand some of the nuances that an experienced realtor takes into consideration when doing a comprehensive evaluation of a Westside home, either from a seller or potential buyer’s perspective.

The LUVE Initiative.

News, Real Estate, Santa Monica

Grassroots Campaign's Petition Seeks Voter Approval for Large Developments

Posted Sep. 19, 2015, 10:19 am

Those who support requiring voter approval of large development projects in Santa Monica are signing the e-Petition that was just launched by Residocracy, the all-volunteer, grassroots group that in 2014 mobilized residents and stopped the Hines development project at the Papermate pen plant site.

Thomas B. Elias, Columnist

Real Estate, Health, Opinion, Santa Monica

Anti-Vaxxers Threaten Freedoms Of Others

Posted Sep. 19, 2015, 10:07 am

Imagine a California where polio becomes a threat to children’s health as it was before the 1950s, when first the Salk vaccine and later the even more effective Sabin formula threw this dreaded and crippling disease and all its iron lungs into dormancy.

Newly aquired 2820 3rd St. in Santa Monica.

News, Real Estate, Santa Monica

Santa Monica Apartment Sells for $2.95 Million

Posted Sep. 19, 2015, 9:57 am

Stepp Commercial, a multifamily brokerage firm in the Santa Monica market, has completed the $2.95 million sale of fully occupied, six-unit apartment property located at 2820 3rd Street in Santa Monica.

The North of Wilshire main house features transom windows, patios, a vine-covered sleeping porch, and hardwood floors.

News, Real Estate, Celebrity, Santa Monica

Tobey McGuire Drops $2.7M on Santa Monica Mini-Compound

Posted Sep. 10, 2015, 10:06 am

"Spider-Man" star Tobey McGuire and his jewelry designer wife, Jennifer Meyer, dropped $2.68 million for a Santa Monica estate.

This week on Westside Living Host Chelsea Gilson and Michael Edlen of Coldwell Banker visit a new property that is on the market: 621 Las Palmas Ave.

News, Real Estate, Pacific Palisades

VIDEO: Westside Living – 621 Las Palmas Ave. in Pacific Palisades

Posted Sep. 1, 2015, 9:50 am

This week on Westside Living Host Chelsea Gilson and Michael Edlen of Coldwell Banker Visit a new property that is on the market: 621 Las Palmas Ave. in Pacific Palisades.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate

Real Estate Report: The ABC’s Of Contingency Clauses When Selling A Home

Posted Aug. 29, 2015, 9:39 am

“I want to do a non-contingent sale.” We hear statements similar to this from time to time, and it may be helpful to take a look at different types of contingency clauses. Of course, what a statement like that generally refers to is a contingency on the sale of the buyer’s current home. While some buyers may request such a contingency, it is very uncommon in a strong seller’s market, and few sellers would be willing to accept it. There are a few other approaches that could be explored which a seller may consider and both buyers and sellers may wish to discuss these with their agent.

This property at 1405 Ocean Park Blvd. includes all one-bedroom, bungalow style units with private patios and closed at a 3.6 percent cap rate.

News, Real Estate, Santa Monica

Stepp Commercial Completes Two Apartment Property Sales In Santa Monica

Posted Aug. 20, 2015, 8:21 am

Stepp Commercial, a leading multifamily brokerage firm in the Santa Monica market, has completed two sales of fully-occupied apartment properties in Santa Monica, one of the hottest locations for multifamily properties in Los Angeles county.

The property at 1820 12th St. in Santa Monica.

News, Real Estate, Santa Monica

Six-Unit Santa Monica Apartment Property On 12th Street Sold For $2.5 Million

Posted Aug. 11, 2015, 9:53 am

Stepp Commercial, a leading multifamily brokerage firm in the Santa Monica market, has completed the $2.5 million sale of fully occupied, six-unit apartment property located at 1820 12th St. in Santa Monica.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

Things People Wish They Had Known About Selling A House

Posted Aug. 1, 2015, 10:31 am

There are certain things a seller can avoid if they would like to get their home sold for the best price in the shortest time. Though no selling process is without mistakes, most are easy to avoid.

Quantum has secured $14.5 million in financing for a Santa Monica apartment complex.

News, Real Estate, Santa Monica, Housing

Santa Monica Apartment Building Fetches Financing At $1.6 Million Per Unit

Posted Jul. 21, 2015, 9:43 am

Mortgage banking firm Quantum Capital Partners has secured $14.5 million in financing for a local investor operating as 4th Street, LLC and 5th Street, LLC.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

Why Homeowners Feel Held Hostage By Taxes

Posted Apr. 25, 2015, 9:37 am

Each month, my team and I provide complimentary local home value estimates for nearly a dozen homeowners. Many of these owners just want a rough idea of value as part of their overall financial picture for future plans. Others are simply curious what their home might be worth now.

News, Real Estate, Santa Monica

14 Unit Apartment Building On 2nd Street In Santa Monica Sells For $6.275M

Posted Mar. 9, 2015, 10:06 am

A 14-unit apartment building located at 1008 2nd Street in Santa Monica has sold for $6,275,000, according to a realtor involved in the sale.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

Santa Monica Housing Market: Just 24 Homes Listed At The Start Of 2015

Posted Jan. 31, 2015, 8:52 am

As we began 2015, there are only 24 Santa Monica homes on the market, which is the lowest level in many years. Due to the high demand for Santa Monica houses especially under $2 million, the average $4.6 million list price is almost unbelievably 50 percent higher than it was 12 months ago.

News, Real Estate, Beverly Hills

Swedish Billionaire/Game Developer Pays $70 Million For Beverly Hills Estate

Posted Dec. 19, 2014, 9:02 am

Swedish billionaire Markus Persson, creator of the Minecraft video game, plunked down $70 million for a Beverly Hills mansion and all of its furnishings, it was announced Thursday.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

Are Holidays A Good Time To Sell Your Home?

Posted Nov. 25, 2014, 9:29 am

Is it a correct observation or a misconception that it is a disadvantage to list your home for sale during the holiday period? Conventional belief has generally been that November-December is the worst time of the year to have a home on the market.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Columnist

Holidays & Real Estate – To Sell Or Not To Sell?

Posted Oct. 29, 2014, 9:41 am

Is it a correct observation or a misconception that it is a disadvantage to list your home for sale during the holiday period? Conventional belief has generally been that November and December are the worst months of the year to have a home on the market.

News, Real Estate, Los Angeles, Santa Monica

Home Sales Rise Modestly, Prices To Flatten Out In 2015 In Los Angeles

Posted Oct. 7, 2014, 9:03 am

With more homes for sale on the market, California's housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out next year, the California Association of Realtors said today in its 2015 California Housing Market Forecast.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

10 Tips For Sellers To Keep Your Escrow Together

Posted Sep. 4, 2014, 8:44 am

Many of the reasons for escrows being cancelled can be addressed in advance by careful consideration of details. These tips may help avoid the emotional challenges of having one’s escrow cancelled.

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