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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.

News, Real Estate, California, Santa Monica

California Housing Affordability Index Falls In Second Quarter

Posted Aug. 13, 2014, 9:13 am

The housing affordability index, which measures the percentage of all households that can afford to purchase a median-priced single-family home in California, fell in the second quarter, the California Association of Realtors reported today.

News, Real Estate, Santa Monica

James Cameron Sells 703-Acre Coastal Santa Monica Mountains Property

Posted Jul. 25, 2014, 8:56 am

The Mountains Recreation and Conservation Authority announced it closed escrow Thursday on a 703-acre property in the coastal Santa Monica Mountains purchased from Oscar-winning director James Cameron.

News, Real Estate, California, Santa Monica

Equity Home Sales Reach Highest Level In California Since Housing Crisis Began

Posted Jul. 23, 2014, 9:28 am

Equity home sales -- standard sales in which a seller has equity in the property being sold -- in June reached their highest level in California since the housing crisis began, the California Association of Realtors reported today.

Sports, Real Estate, Santa Monica, Nfl

NFL Running Back Rashard Mendenhall To Retire In Santa Monica

Posted Jul. 11, 2014, 8:50 am

Spend six years playing in the NFL, appear in one Super Bowl game, and you would have earned enough money to retire before age 27 and buy your dream retirement home in Santa Monica.

The property at 1811 19th Street in Santa Monica has sold for $2 million.

News, Real Estate, Santa Monica

Eight-Unit Residential Property In Santa Monica Sells For $2 Million

Posted Jul. 2, 2014, 9:22 am

A fully occupied eight-unit multifamily property located near Michigan Avenue at 1811 19th Street in Santa Monica has sold for $2 million, according to real estate firm Charles Dunn Company.

Real Estate, Santa Monica, Pets, New, Petco, Dogs

West L.A. Home Of Pooch Hotel Sells For $11.1 Million

Posted May. 30, 2014, 3:51 pm

The Pooch Hotel building has sold for $11.1 million, it was announced.

Check out 537 E. Channel Road in Santa Monica as part of a modern home tour this Saturday. Use code MIRROR for $5 off when purchased online.

Real Estate, Seven Days, Santa Monica

Venice/Santa Monica Modern Home Tour This Weekend

Posted May. 2, 2014, 6:26 am

This weekend, take a walk through Santa Monica or Venice and view some of the residences you pass along the way as a glass house. Better yet, instead of looking at a residence from the outside and wondering how it looks on the inside, how about you actually walk into the home and see for yourself how it is decorated.

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

News, Real Estate, Santa Monica

Tips For Sellers Of Teardowns

Posted May. 1, 2014, 8:20 am

There are many misconceptions about selling a house that most people would consider a teardown.

News, Real Estate, Santa Monica

10 Things To Consider Before Buying A Home

Posted Apr. 2, 2014, 9:05 am

Many buyers are not succeeding in this difficult “seller’s market” because of inadequate preparation and readiness. Others do not succeed due to “analysis-paralysis,” or trying to analyze and rationalize too much.

Ocean Towers is a 317-unit luxury apartment building high-rise located at 201 Ocean Avenue in Santa Monica.

News, Real Estate, Santa Monica, Courts

Ocean Towers Lawsuit Permitted To Go Forward

Posted Mar. 31, 2014, 9:11 am

The owner of several units in the Ocean Towers residential complex near Palisades Park was given the green light to continue with his lawsuit against a real estate investment firm, a California appeals court ruled earlier this month.

News, Real Estate, Santa Monica

Santa Monica Apartment Complex On 20th Street Sold For $6 Million

Posted Feb. 27, 2014, 8:05 am

A 20-unit multifamily property located at 1027-1033 20th Street in Santa Monica has sold for $6 million.

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