Category: Real Estate News

Los Angeles is like a cluster of many towns in one sprawling metropolis. Due to this, choosing the right neighborhood to move and settle into is crucial and may require some advice. If, for instance, you live in Silver Lake you may rarely get around to seeing your friends in Venice. If your home is located in the Pacific Palisades, it may seem like a huge trek to check out a new restaurant or club in Downtown Los Angeles. It’s important to get around and explore different neighborhoods, whether you’re new to LA or a long-time resident. The area you choose to live in should be a perfect fit for your lifestyle.

One of the most important decisions families will make is deciding which school to enroll their children in. Making the right decision could put them on a path toward lifelong learning, a prestigious college education, and a successful career. Eklipse Real Estate is here to serve as a resource for buyers who want to reduce the amount of time it takes to match homes for sale within school boundaries. We provide clients with the information that they need about schools within their desired neighborhoods. Our website now allows visitors to check which schools serve each neighborhood, including their Academic Performance Index (API).

Having an experienced real estate agent help you with your home search saves you hours of valuable time, not to mention frustration, by making the search easy and fast. Eklipse Real Estate is committed to helping each client find a home that fits their lifestyle in a community they will love.

Phillip Braunstein recently helped a buyer find a new home in Beverly Hills. 432 Oakhurst is located on tree-lined Oakhurst Drive, near some of the most prestigious restaurants, shops, hotels, schools and cultural attractions in the area. This new development features 34 new luxurious two- and three-bedroom condominiums ranging in size from 2,000-3,000 square feet and features contemporary design with rich finished and designer-selected accents. The five-story building offers residents numerous high-end amenities and thoughtfully designed floor plans. 432 Oakhurst Dr. #406 is currently in escrow and Phillip Braunstein is representing the buyer.

http://www.eklipserealestate.com/listings/listings/432-oakhurst-406-beverly-hills-in-escrow/

If you are interested in buying or selling property contact Phillip Braunstein

Written by: Phillip Braunstein

The new underground line to help alleviate excessive crowding on the 150 year old tube line is called the CrossRail. And it has sparked new developments throughout many areas of London that were in need of gentrification. The WSJ reports that Tottenham Court Road station itself is undergoing a $1.56 billion face-lift, while Centre Point, a grim-looking 1960s tower beside the station, is to be transformed into high-end apartments in a $545 million plan by developers Almacantar and Frogmore. “This location is undergoing major regeneration made viable by Crossrail, with public-realm improvements and new office and residential development,” said Adam Challis, head of residential research at JLL. This is all happening on the edge of the West End, the most expensive real-estate market in the world. Read more here.

Property prices in London’s smartest neighborhoods have been rising consistently largely because of an influx of foreign buyers, so the appeal of an improved rail service to the airport will help spread demand into new districts.

This is a mirror image of what is transpiring in our own backyard in West Los Angeles. The Expo light rail line is spurring mega development projects along its stations and their near vicinities. For example the Bundy station across from the Martin Cadillac dealer is in planning to become a mixed-use development with over 500 apartments

One of Eklipse Real Estate’s listings is right at the heart of the redevelopment action at 2236 Barrington Ave . The commercial warehouse space is available for Sublease and hovers just north of the Expo line on Barrington. For more information on this available space for lease, please contact the listing agent, Phillip Braunstein.

By: Bethany King

With the number of entrepreneurs increasing and more small businesses looking for room to grow, there are important decisions to be made by business owners.

One of those being “where is the best place to grow?” I was once told by a professor that as a business “if you’re not growing, you’re dying.” I have actually found this to be a very accurate statement after several years experience in the business industry. Of course, there are many interpretations that can be made about such a bold statement, but that is a discussion for a different day. Obviously one of the most important parts of a business is the physical, functional location where business is conducted, and unless you’re producing services rather than products,  your physical space should eventually need expansion. While it is important to have enough space, there is a large obstacle when looking at purchasing property because most small businesses need to keep liquid capital rather than tying up cash in a real property investment. Accessibility is most certainly a top quality for maximizing property potential. Along with size, location can be that which makes or breaks a business. It is important for a growing business to be in a populated and growing area. Researching future development plans for an area is always an indicator of future growth potential. All of these factors play an important role in choosing a home base for your business, which is why you should check out 2236 Barrington Ave., a property for those business owners looking to grow with short term financial commitments and long term growth potential. With the expansion of the EXPO line in progress, there are many exciting opportunities heading to the surrounding communities. The EXPO line will bring increased exposure and aims to decrease motor vehicle traffic providing a more efficient transportation platform for the Santa Monica area. There are never ending developments in the ongoing project one of which is very exciting as 8 artists are selected for project beautification.

2236 Barrington sits in a prime location, located right off the expo light rail line, for benefiting from this EXPO line expansion and as wise men might say, it is always good to get in ahead of the game. This property features a 2 story, 15,000 sq ft light industrial building available for Sublease, just south of Olympic, with extremely close proximity to I10 freeway and I405 freeway. The space features 7,500 sq ft of open flex space on 1st floor, and 7,500 sq ft on 2nd floor for office use.

For more information, please contact Phillip Braunstein

By: Bethany King

With wide open space, a warehouse has limitless possibilities. From art galleries to office space, or even recreational functionality, warehouses provide an opportunity for imagination, practicality, and economy to coalesce together. I personally see a warehouse as somewhat of a painter’s canvas. With high ceilings and open space, a warehouse allows for a tenant to create a custom space for maximizing potential. Let me share a few personal favorites sure to spark any active imagination:

Or an Architectural salvage shop…

Have you ever considered investing in real estate? With the market heating up, it seems that now is the time to start building or rebuilding your real estate portfolio. There are plenty of tools to help investors analyze potential investment properties, one of which is referred to as the break even point or “BEP.” This is the most general indicator for an investor to look at when making a purchase decision. The break even point has grown in popularity as a way to state simply, When will your property turn from an expense into a profit?”There is a simple formula to calculate your break even point in which the outcome is the number of years it will take your property to become profitable for you.

Eklipse Real Estate is ready to introduce a new investment property with 29 units located at 8654 Parthenia Place, North Hills, CA 91343. North Hills is a community in the San Fernando Valley of the city of Los Angeles, California. North Hills West’s logo is “tree in the city” and the town slogan as voted on by the 2010 – 2012 Neighborhood Council is “Fostering Community.”

LISTING COMING SOON!!!

The main underground aquifer for Los Angeles is being modernized, starting on March 9th. The updates to the 1913 underground aqueduct are desperately needed, but beware of the traffic ramifications. The pipe underneath Coldwater Canyon from Mulholland to Ventura Blvd is being replaced and cause the total closure of Coldwater Canyon, starting March 23rd.

According to CurbedLA, the traffic is going to impact Laurel Canyon more than usual. So, if you’re planning to come to the open house at 8105 Mulholland Terrace this weekend, watch our for added back up coming up Laurel Canyon to Mulholland Drive.

The open house is from 2-5 pm and listed at $2,399,999. Check our more photos online! Listing agent is Phillip Braunstein.

Written By: Samantha Guarderas

2012 had the highest annual total of home sales since 2007. Sales increased 9% in 2012 to a total of 4.65 million units. However, according to WSJ, “Prices, meanwhile, are picking up because the number of homes for sale continues to drop despite the sales volume gains.” So why has inventory continued to drop this year?

A large number of homeowners, approximately 10 million, owe more on their mortgage than their homes are worth. It is not probable that these homeowners will sell unless financial issues come up, or they need to move due to life changes. Also, many homeowners have always counted on home equity for the down payment on their next home. However, an additional 10 million homeowners can’t upgrade to their next house because they have less than 20% equity on the current home that they own. Since they are unable to advance to a more costly home, they have contributed to drag on the inventory available.

Another major contribution to the drop in inventory this year is that few people are willing to sell because they feel that their home values are going to increase over the course of 2013 and ahead. Many people feel that if they sell today, they’ll lose out on the potential uptick in value that their houses might gain within the next year, prompting them to stall them from listing the house on the market. This reluctance is linked to the inventory decline. In addition, investors have been taking a different approach, including buying homes that they choose to rent out instead of reselling for fast profits. Therefore, these homes are not a part of the for-sale unit because they are instead being leased out until the market values increase drastically to justify the re-sale of these investment homes.

Helping to combat the inventory problem is new construction, which provides new units to the market place. 811 19th Street just hit the market last week with 5 new units. 3 of them are available. Unit is listed by Phillip Braunstein.

Finally, some highly anticipated new construction hits Santa Monica and is nearing completion! The new 5-unit condo building is conveniently located just steps away from Montana Avenue located at 811 19th Street, Santa Monica, CA 90403. Montana Avenue is famous for its wide variety of shops including fine dining and upscale shopping. Due to Montana Avenue’s eclectic mix of over 150 shops, this is the ideal spot to both people watch and celebrity watch. It has become one of the trendiest places in the Santa Monica area and is the perfect way to spend an afternoon!

Santa Monica is notorious for having stricter building codes than other parts of Los Angeles County, making it more arduous for developers to receive entitlements and permits to break ground. So, when a new project hits the market, it causes a stir. These new condos feature 2 bedrooms and 2.5 baths with underground 2 car parking for each unit. Each unit comes with a private roof deck, perfect for entertaining guests and relaxing while staring out to the ocean blue. There are also private patios off the kitchen and master bedroom.

      The finishes are nothing short of spectacular with Eurostone seashell kitchen counters, stainless steel appliances, polished concrete on the first floor, dark walnut floors on the second floor, Caesarstone counters in the bathrooms, polished chrome bathroom fixtures, and 8-foot doors throughout. The units are a must and are going fast!

19^th Street Five, LP

310-914-4999

Written by: Samantha Guarderas

In approximately 18 months, what used to be a post office located in the heart of Venice will now become Silver Pictures Entertainment. Venice, known for its diversity and creativity, is the perfect spot to host this advanced production facility. The building will have offices, editing rooms and a screening room. Matrix producer Joel Silver is planning the renovation. Although he plans to renovate the building he is also planning to preserve a large mural created by Edward Biberman titled, “Story of Venice”. It is known as a local landmark and Silver is making sure to protect the artwork at the price of $100,000. An agreement between Silver and the Venice Neighborhood Council is for the public to have access to the mural. As of now, Silver is proposing to have viewers set up appointments to view it.

However, his plans surpass just a renovation. He plans to make a difference in Venice, starting by creating a minimum of 25 new jobs in the Venice area. Silver recently said, “I think we’re going to make a difference here. Our intention is to make this place a center of new digital technology”. The Venice area has been expanding in past years and has most recently become home to Google headquarters. As these major companies begin to flock to the Venice area and settle down, the possibilities for growth in Venice are endless.

Eklipse Real Estate is currently the property manager for a 6 unit condo building located at 1411 Main Street, just a block away from what will now be known as Silver Pictures Entertainment.