Video: Builder's Remedy - Los Angeles Real Estate Reality

This Week’s Topic: iBuyer Loss, Your Gain
Redfin just announced they are shutting down their iBuyer program - Redfin Now. In addition, they cut 13% of their workforce. iBuyer firms are performing horribly in this changing market. Zillow's program stopped in 2021 with $500 million in losses, Opendoor recently announced almost a billion dollars in losses in the 3rd quarter alone. Offerpad just showed a loss of $80 million in the 3rd quarter. Darren and Joe discuss why the iBuying sector's bad performance is good news for buyers and sellers.

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

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You can go to Live Stream — Urban Hillsides Real Estate Team
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Silver Lake - Spacious Modern View Home

An entertainer's home in the All View Acres subdivision of Silver Lake. This modern, spacious 2004 home offers a great living and dining room with 10' ceilings. A wall of windows gives direct access to a large front patio. The kitchen has Calcutta countertops, two refrigerators and a walk-in pantry. It connects to a luscious rear yard for outdoor dining and entertainment. A family room with views of the rear yard is a great place to nestle in and read a book, play an instrument or watch a movie. The entry level floor flows from the front patio to the multi-level rear yard. The entertainment continues to the rooftop deck with spectacular sunsets and downtown views. The second floor offers three bedrooms and two bathrooms.

The primary bedroom has views, a walk-in closet and ample space for a sitting area. Spa-inspired primary bathroom has dual sinks, a separate shower and a tub with garden views. Other features: fireplace, tankless water heater, multi-zoned air conditioning, oversized garage with lofty ceilings, dual pane windows, wood and tile floors. Cul-de-sac street with a short distance to Bellevue Park, the new Target store, Sunset Junction and easy freeway access.
MLS# 22-215389

3 bedrooms
3 bathrooms

2,928 sq ft living space (approximately)

4,950 sq ft lot (approximately)

2-D floor plan
3-D floor plan

Site Plan

$1,995,000 SOLD: $1,995,000

841 Kodak Dr.
Silver Lake, CA 90026


For more info contact us

 

Video: Airbnbust? - Los Angeles Real Estate Reality

This Week’s Topic: Builder’s Remedy
A loophole known as the builder’s remedy has threatened development control for 124 cities across Southern California. These cities did not complete the state-mandated housing plan requirements and missed their deadlines. Developers who created 20% affordable housing for each of their developments are now filling the housing void with this little-used legal loophole named the builder’s remedy. Darren and Joe discuss how developers, cities and slow-growth groups are clashing and gearing up for legal battles.

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

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

Videos: Market News - Mortgage Rates and Local View - Los Angeles Real Estate Reality

Market news on mortgage rates. Darren and Joe cover the latest market trends for Northeast Los Angeles. Silver Lake, Echo Park, Los Feliz, Atwater Village, Eagle Rock, Mount Washington, Highland Park, Montecito Heights, Lincoln Heights, Cypress Park, Glassell Park, El Sereno. urbanhillsides.com

Video: Historical Context - Los Angeles Real Estate Reality

This Week’s Topic: Airbnbust?
Is there an Aibnbust upon us? If you believe social media, there is a possibility. A recent tweet about Airbnb hosts sensing a downturn in short-term bookings has gained a lot of attention. This attention also elicited criticism of hosts. Darren and Joe look at all sides of the story.

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

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

Congratulations Melissa and Matt On Your Montecito Heights Home

We are so happy for Melissa and Matt. Fresh from Canada with new jobs at a prestigious university, they knew what they wanted, but did not know the areas. With some good discussion and introductions to neighborhoods, we centered on Montecito Heights. The area gave them the right neighborhood mix of neighbors (diverse community), nature to walk their dog and get away (two parks) and a decent commute to get to their new employer. Let's not forget the home. A mid-century 2-story with great outdoor areas, privacy, treehouse views, and almost move-in ready condition. With remodeling and final touches finished by our remodel crew, they've just moved in!

Videos: Market News - Mortgage Rates and Local View - Los Angeles Real Estate Reality

Market news on mortgage rates. Darren and Joe cover the latest market trends for Northeast Los Angeles. Silver Lake, Echo Park, Los Feliz, Atwater Village, Eagle Rock, Mount Washington, Highland Park, Montecito Heights, Lincoln Heights, Cypress Park, Glassell Park, El Sereno. urbanhillsides.com