From the monthly archives:

April 2009

Brilliant Bank-Owned Alamitos Beach Condo—Priced to Sell

April 30, 2009

GREAT LOCATION: ALAMITOS BEACH OCEAN AIR.
GREAT DEAL: BANKED-OWNED FORECLOSURE IS PRICED TO SELL!
PRICE: $135,000 (only approx. $207 per square foot).
THIS ADDRESS: 1227 E. First St., #2B, Long Beach, CA 90802-5709
CROSS STREETS: ORANGE & ESPERANZA
CONDO TYPE: beach community 1 bedroom, 1 bath upstairs condominium-style residence (in a 10-condo building)
CONDO SIZE: 650 sq. ft.

YEAR BUILT: 1961

INTERIOR AMENITIES
* [...]

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One West Ocean: Long Beach’s Hottest Condo Tower

April 28, 2009

PRIME HIGH-RISE CONDOS.
METICULOUS DETAILS.
PRICELESS AUTHENTICITY.

One West Ocean, Long Beach’s tallest and fastest-selling residential tower, offers four exceptional, private luxury condos per floor. The commanding, 59-story ocean and city view condominium tower is perfectly positioned in the heart of downtown Long Beach. This full-time doorman designer skyscraper features beautifully tailored, expansive interiors that create the perfect [...]

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838 Pine Avenue: Affordable Downtown Designer Condos

April 23, 2009

Address: 838 Pine Ave., Long Beach, CA 90813
Stories: 5
Types of Units: Varied selection, including 2 bedrooms, two baths
Unit Size Range: Approx. 930 to 1,300 sq. ft.
Views: Vibrant downtown Long Beach and neighboring Signal Hill, panoramic Pacific Ocean views from the rooftop
Indoor Amenities:
• Many units outfitted with modern upgrades and interior design, including crown molding
• Partial [...]

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International Tower: Iconic Luxury High-Rise Living by the Shore

April 21, 2009

Address: 700 E. Ocean Blvd., Long Beach, CA 90802
Stories: 30
Units: 204 condos
Types of Units: Wide selection, including 1 bedroom, 1 bathrooms; 2 bedrooms, 2 bathrooms; 3 bedrooms and 2 bathrooms
Size Range: Approx. 880 sq. ft. to 1,260 sq. ft.
Year Built: 1965
HOA Dues: Approx. $635/month
Views: Breathtaking panoramic views spanning Catalina Island; the Queen Mary; Rainbow Harbor; [...]

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Ocwen First to Issue Obama’s Making Home Affordable Loan Modifications

April 16, 2009

Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administration’s Making Home Affordable (MHA) program.
The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or bankruptcy [...]

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The Meridian at 1400 Ocean Boulevard, Premium Long Beach Condos

April 14, 2009

Address: 1400 E. Ocean Blvd., Long Beach, CA 90802
Stories: 4
Units: 70 condos
Types of Units: 3 bedrooms, 2 baths, varied floor plans
Approx. Size Range: 1,293 to 1,800-plus sq. ft.
Year Built: 2001

Indoor Amenities:
Cathedral 9-foot ceilings accented with crown molding
Gourmet kitchens featuring granite countertops and tile floors
White European-style cabinets
Gas fireplaces
High-shine hardwood floors
Elegant recessed lighting
Deep soaking tubs
His and her [...]

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Banks Aren’t Reselling Many Foreclosed Homes

April 13, 2009

This is a great article about “Shadow Inventory” that the banks are holding onto. We are in for a wild ride.
Wednesday, April 8, 2009 (SF Chronicle)
Banks aren’t reselling many foreclosed homes
Carolyn Said, Chronicle Staff Writer
A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered [...]

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Luxury Alamitos Beach Oceanfront Condos

April 10, 2009

Address: 1500 E. Ocean Blvd., Long Beach, CA 90802
Stories: 7
Units: 75 condos
Types of Units: 3 bedrooms, 2 baths, varied floor plans
Approx. Size Range: 1,282 to 1,600-plus sq. ft.
Year Built: 2000

Indoor Amenities:
High-shine walnut floors
Granite kitchen counters
Marble bathroom tiles and spa tubs
Travertine baths
Fireplaces
Freshly laid carpet
Majestic ocean views and breezes from most bedrooms and living rooms
Recreation and fitness [...]

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Mark’s Insider Notes From the Spring 2009 Reomac Conference

April 8, 2009

I had the pleasure of joining 3,000 fellow real estate agents earlier this week as we converged in Palm Desert, Calif. for the spectacular Spring 2009 Reomac Conference. There I gained the latest insider news on successful short sales, foreclosure inventory, loss mitigation and a host of other hot real estate topics that will strengthen [...]

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Ultramodern Pine Avenue Courtyard Lofts

April 6, 2009

Address: 819-849 Pine Ave. Long Beach, CA
Units: 16
Types of Units: 1 bedroom (private upstairs master bedroom lofts), 1 bath
Size Range: Approx. 800 sq. ft to 1,150 sq. ft., varied floor plans
Stories: 2
Year Built: 2005
Average HOA Dues: $215
Indoor Amenities:
• Ultramodern downstairs fireplaces
• State-of-the-art gourmet kitchens, some outfitted with gorgeous granite counter tops and stainless steel appliances [...]

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