Video: 3-2-1 Buydown - Los Angeles Real Estate Reality

This Week’s Topic: Bad Neighbors
Bad neighbors are everywhere, but we have an extreme story this week. The maze and bureaucracy of getting this bad behavior solved has been frustrating. Dialing L.A.'s 311 was only the beginning of a long road. Joe and Darren share their experience.

Last Week’s Topic: 3-2-1- Buydown
A solution for some buyers? Darren and Joe discuss the concept of a "3-2-1 buydown," which is a type of mortgage loan product. In a 3-2-1 buydown, the interest rate starts higher than the prevailing market rate but is reduced by a fixed percentage for the first three years. There are pros and cons, but this type of mortgage may help some buyers.

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

Note: We have all the weekly topic videos now at urbanhillsides.com/live-stream

Thursday 2-3 PM - like/follow us at

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You can go to Live Stream — Urban Hillsides Real Estate Team

Thursdays 2-3 PM PT

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- Also available after the live stream

New Listing: Spacious Silver Lake Spanish With Downtown Views and Studio

Studio 3-D Scan

Spanish Colonial Revival home at the top of a 7,049 square foot lot. Expansive downtown views and a large studio above an oversized detached garage. Built in 1933, the house offers 5 bedrooms (3 up and 2 down) with 3 bathrooms within a 2,472 square foot main house. Add a 546 square foot detached studio above the garage with direct access, bath and laundry. It's an ideal work from home situation with over 3,000 total square feet. There is a gated entry and main house courtyard with built-in BBQ and gas firepit. There are three fireplaces, arched doorways, wood floors and windows, and period appropriate wrought iron lighting.  The formal dining room, living room and family room offer many destinations for entertaining. The primary suite has a private fireplace, generous closet space and balcony. Primary bath has a large shower/tub with dual shower heads and sinks. The beautiful arched picture windows in the living room and staircase give downtown and city views. Watch Dodger Stadium fireworks on Friday night home games.  Close to Silver Lake Reservoir, many eateries and all that the eastside has to enjoy. A great urban hillside Silver Lake location with lots of upside for the right buyer. 

MLS# 23-302819

5 bedrooms
4 bathrooms

2,472 sq ft living space (approximately)

Studio
546 sq ft living space (approximately)

3,018 sq ft total living space (approximately)
7,049 sq ft lot

2-D floor plan - Main House
2-D floor plan - Studio

Site Plan

$1,595,000 SOLD $2,151,000 $565,000 over asking

1503 N. Benton Way
Silver Lake, CA 90026


For more info contact us

 

Video: Reverse Mortgage Rethink - Los Angeles Real Estate Reality

This Week’s Topic: 3-2-1 Buydown
A solution for some buyers? Darren and Joe discuss the concept of a "3-2-1 buydown," which is a type of mortgage loan product. In a 3-2-1 buydown, the interest rate starts higher than the prevailing market rate but is reduced by a fixed percentage for the first three years. There are pros and cons, but this type of mortgage may help some buyers.

Last Week’s Topic: Reverse Mortgage Rethink
A recent L.A. Times story summarizes the extremes a developer is legally utilizing to build new housing. Neighborhoods are not pleased with the changes happening next door. Darren and Joe discuss the new reality of housing and development in Los Angeles.

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

Note: We have all the weekly topic videos now at urbanhillsides.com/live-stream

Thursday 2-3 PM - like/follow us at

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https://twitter.com/urbanhillsides

https://www.linkedin.com/in/joe-cloninger-378a964/

You can go to Live Stream — Urban Hillsides Real Estate Team

Thursdays 2-3 PM PT

https://www.urbanhillsides.com/live-stream

- Also available after the live stream

Video: Push Comes To Shove - Los Angeles Real Estate Reality

This Week’s Topic: Reverse Mortgage Rethink
This is not your grandma's reverse mortgage. Darren and Joe meet with Harlan Accola, National Reverse Mortgage Director at Movement Mortgage. It's time to dispel the misconceptions and find the opportunities in this mortgage product that enriches lives.

Last Week’s Topic: Push Comes To Shove
A recent L.A. Times story summarizes the extremes a developer is legally utilizing to build new housing. Neighborhoods are not pleased with the changes happening next door. Darren and Joe discuss the new reality of housing and development in Los Angeles.

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

Note: We have all the weekly topic videos now at urbanhillsides.com/live-stream

Thursday 2-3 PM - like/follow us at

https://www.facebook.com/urbanhillsides

https://www.youtube.com/urbanhillsides

https://twitter.com/urbanhillsides

https://www.linkedin.com/in/joe-cloninger-378a964/

You can go to Live Stream — Urban Hillsides Real Estate Team

Thursdays 2-3 PM PT

https://www.urbanhillsides.com/live-stream

- Also available after the live stream

Video: Urban Real Estate - Los Angeles Real Estate Reality

Next Week’s Topic: Push Comes To Shove
A recent L.A. Times story summarizes the extremes a developer is legally utilizing to build new housing. Neighborhoods are not pleased with the changes happening next door. Darren and Joe discuss the new reality of housing and development in Los Angeles.

Last Week’s Topic: Urban Real Estate
Darren and Joe review a study about the changing demands for urban real estate and the projected impacts on major cities worldwide. COVID and hybrid work have changed the way we look at living. The challenge is how we’ll adapt to these changes in the future.

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

Note: We have all the weekly topic videos now at urbanhillsides.com/live-stream

Thursday 2-3 PM - like/follow us at

https://www.facebook.com/urbanhillsides

https://www.youtube.com/urbanhillsides

https://twitter.com/urbanhillsides

https://www.linkedin.com/in/joe-cloninger-378a964/

You can go to Live Stream — Urban Hillsides Real Estate Team

Thursdays 2-3 PM PT

https://www.urbanhillsides.com/live-stream

- Also available after the live stream

Mt. Washington | Up To 1 Year Rental | 5/3 View Home

Well-appointed, furnished rental - up to one year. Available August 1st. Fantastic Mt. Washington neighborhood. Easy access to all that Northeast LA has to offer. Short drive to Downtown LA. Tri-level mid-century home with 5 bedrooms and 3 bathrooms. Located in a development of comparable homes in a safe, tranquil neighborhood. Great floor plan with a separate living room and large family room. Outdoor destinations take full advantage of indoor/outdoor living opportunities. Mountain and city views with spectacular sunsets. Open kitchen with large island and built-in seating nook. The primary suite has a large closet, views and an attached bath. An oversized shower, soaking tub, dual sink and water closet finish the setting. On the same floor as the primary bedroom is an additional bath and two bedrooms. Two more rooms downstairs are set up as a bedroom and an office. Wood floors throughout, central air & heat, solar panels, newer systems. Rear yard abuts Elyria Canyon Park. Friendly and walkable neighborhood. Tenant to pay for utilities (solar pays most of electricity). Owner pays for gardener. Well behaved pets welcomed.

MLS# 23-293687

5 bedrooms
3 bathrooms

2,260 sq ft living space (approximately)

8,537 sq ft lot

2-D floor plan
3-D floor plan

Site Plan

$7,500 per month Leased

4029 Tropico Way
Mt. Washington, CA 90065


For more info contact us

 

Video - Making Decisions In Today's Market - Los Angeles Real Estate Reality

This Week’s Topic: Urban Real Estate
Darren and Joe review a study about the changing demands for urban real estate and the projected impacts on major cities worldwide. COVID and hybrid work have changed the way we look at living. The challenge is how we’ll adapt to these changes in the future.

Last Week’s Topic: Making Decisions In Today’s Market
Darren and Joe welcome guest Scott Groves of The Scott Groves Lending Team at Synergy One Lending. Using a recent client case, Scott discusses the decision process considering rates, taxes and costs. These factors coupled with each client's own situation make the difference. Scott covers today's reality and what to consider with your lender.

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

Note: We have all the weekly topic videos now at urbanhillsides.com/live-stream

Thursday 2-3 PM - like/follow us at

https://www.facebook.com/urbanhillsides

https://www.youtube.com/urbanhillsides

https://twitter.com/urbanhillsides

https://www.linkedin.com/in/joe-cloninger-378a964/

You can go to Live Stream — Urban Hillsides Real Estate Team

Thursdays 2-3 PM PT

https://www.urbanhillsides.com/live-stream

- Also available after the live stream