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An Option Worth Exploring: TIC or Tenants in Common Zoom Webinar Tuesday, June 2, 6-7 PM

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Should I consider buying a TIC?
Should I consider selling my property as a TIC?

Many people have questions about TIC or Tenants in Common properties. On June 2, we'll define, clarify and give context to this fairly recent real estate option available in Los Angeles. Established for many decades in San Francisco and New York, first-time buyers and mom-and-pop investors are seeing TIC real estate as a way to purchase and leverage real estate here.

Here are some questions that will be answered:
1. Condo or TIC? What's the difference?
2. Why are TIC prices typically lower than condos and single family homes?
3. Do TICs hold their value over time?
4. What are loan options for TIC?
5. What can I do in my TIC? Is there an HOA?
6. Am I the right buyer for a TIC?
7. What are my responsibilities as a TIC owner?
8. I own a multi-unit building. Does this make sense for me?

>Please RSVP here

We'll then email you the Zoom info.

NEW LISTING: Silent Film Era Home in Silver Lake

SOLD - $1,775,000

>For video, history and other info please go to the property site - 850NLaFayetteParkPl.com

*360° Video Open Houses and Online Showings With The Agents Online

Online open houses - TBS - registration required
OR
Schedule an online showing - registration required

PLEASE REGISTER FOR OPEN HOUSES
AND 1:1 PRIVATE SHOWINGS - Online

*360° Video Open or 1:1 Private Showing Explained
Complete Freedom For Viewer To See The Property and Get Questions Answered
Each visitor/viewer will be able to move the camera view to anywhere they would like in the 3D space as video plays. Their other option would be to use the 3-D scan.
Registration required for open houses and 1:1 private showings. 360° video link will be emailed to each registrant prior to their scheduled time.
We will host a Zoom conference as people are viewing the property to answer any questions and present the property.

Showing questions and inquiries:
>Please call 323-386-4663


Historic silent film era home. Originally commissioned by silent film actor/director Edward Le Saint influenced by the French Normandy style, it was later acquired by prominent silver screen director Marshall Neilan and actress Blanche Sweet. Built in 1915, the home was last on the market 24 years ago. Designed to take full advantage of the California lifestyle with great indoor/outdoor flow to balconies off most rooms. This updated 3 bedroom 2 bath 2,583 square foot home blends original details with modern upgrades. The main floor flows between the kitchen and living areas with original multi-paned doors and windows that open to a portico off a lush secret garden. First floor master wing has a private entrance, bedroom with en-suite bath and dedicated study. Shaded among the trees, brick walkways connect the fountain courtyard to the detached studio/maid’s quarters, large one car detached garage and secluded pergola with downtown views. Distinct architecture in every room governed by the cross-gable roof line, enhanced by a classic color palette, Carrara marble accents and Douglas fir floors. Bonus rooms off sleeping quarters create a comfortable separation of space. By far, one of the most architecturally intriguing and historically rich homes in this tree-lined Silver Lake neighborhood. MLS 20-582004

850 North La Fayette Park Place
Silver Lake, CA 90026

Living space: 2,583 sq ft (approximate)
Lot: 9,197sq ft (approximate)
Bedrooms: 5
Bath: 2
Bonus Room: Detached office / studio

  • French Normandy style

  • Lush yard with shade trees

  • Convenient location to Downtown L.A., Echo Park, Silver Lake, Los Feliz, Hollywood

Listing Price: $1,798,000

NEW LISTING: Fontana Home - Bankruptcy Sale

SOLD - $450,000

Bankruptcy Sale

Pool home with 3 bedrooms plus downstairs office that could be 4th room and 2-1/2 baths. Located on a cul-de-sac in a great neighborhood and just steps away from Jurupa Hills Park. The downstairs area has a formal living room, family room and dining area all with a circular floor plan that leads to rear yard. The large kitchen is open with a center island and has lots of storage and granite counter tops. The garage has direct access with laundry inside. Vaulted ceilings provide a grand entrance and volume in the master bedroom. The master suite has a large bathroom with soaking tub. Virtual tour available that goes out to rear yard as well. Bankruptcy sale opportunity – call for details. MLS 20-xxxxxx

11488 Via Monte
Fontana, CA 92337

Living space: 2,072 sq ft (approximate)
Lot: 6,000 sq ft (approximate)
Bedrooms: 3
Bath: 2.5
Bonus Room: Office / hobby room

  • Contemporary

  • Pool

  • Near a park

Listing Price: $440,000

Agent 1:
Angel Iniguez
Keller Williams Rancho
949.264.3557 - mobile
reangel@kw.com

Agent 2: Bankruptcy-related questions
Darren Hubert
Urban Hillsides Team
323.898.2991
darren@urbanhillsides.com

El Sereno Triplex for Sale - Investor Opportunity

SOLD - $845,000

2727 Phelps Ave.
El Sereno, CA 90032

Listing price: $865,000

Clean, stylish 3-unit building with a 12.6 Gross Rent Multiplier and low maintenance. The building offers one of the highest rent returns in the area. Situated in a quaint El Sereno neighborhood, it has modern updates. Separately metered for gas & electric with four 1-car garages with alley access and a gated yard. Each unit has laundry. Common areas are solid surface-polished concrete or newer laminate. Each unit has an option for dedicated outdoor space. All these amenities equal an easy to rent unit with happy tenants. Close to USC Medical and Cal State LA.

Due to current showing restrictions, please view 3-D tour and look at Google Maps street view. We also request that your client drive by the property before submitting an offer. Call with any questions. All offers are subject to interior inspection.

2-story with a total of 2,200 square feet on a 5,000 square foot lot.

  • 12.6x GRM - approximate

  • Good condition - all units

  • Market rents - good rents - call for details

For more info please email us at

team@urbanhillsides.com

OR call 323-386-4663

Thanks, Darren and Joe

COVID-19: Adapting With Our Clients and Staying Focused

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We want clients - sellers and buyers - to feel safe and be well throughout the process. These are some of the precautions and processes we take to adapt in this new world.

  • Client always consulted on what is safe - vacant vs. occupied options

  • Safe social distancing and safety precautions always observed with fully vetted serious buyer or sellers for physical showings

  • Virtual showings and open houses using 3-D walkthroughs, live video

  • Virtual staging when needed

  • Virtual events to showcase your home

  • Digital listing brochures and websites

  • All digital media and social media trackable to gain data and insights

  • Escrow and inspections - all safety precautions practiced 

  • Team stays up-to-date on any COVID-19 changes locally, state-wide, nationally

    Questions and concerns? Ask us.