Culver City Observer -

Real Estate

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Planning Commission to Consider Proposed Development at former Site of 99 Cents Store

A plan to redevelop the former site of a 99 Cents Only Store in the Triangle Center has been submitted to the Culver City Planning Commission. Bastion Development Corp., which bought the site at...

 

Massive Development Opens Near CC

Located across the street from the La Cienega/Jefferson Metro station, the project occupies an 11-acre property that was previously the site of a radio broadcast facility. In its place, Carmel...

 

A vacant shopping center near Westfield Culver City mall has sold for $56 million.

A unit of M.C. Strauss, based in Solana Beach, sold the Fox Hills Plaza at 6221-99 Bristol Plaza Parkway in Culver City, the Los Angeles Business Journal reported. The buyer was Bristol Parkway Propco, a Beverly Hills-based company led by Henry Shahe...

 

Massive Block Apts on Lincoln are Empty

By David Ganezer What was built on the former Norms restaurant site at Colorado and Lincoln Blvd at a cost of $40 million, is five stories tall and is pretty much devoid of people? Convinced that...

 

May Forecast Projects 6% Increase; Record $100 Billion Add

Driven in large measure by a robust housing market, Los Angeles County Assessor Jeffrey Prang announced the May 15 forecast for the 2022 Assessment Roll will be a 6% increase over last year and the...

 

2022 Homeowners' Resource Fair Set Saturday

Los Angeles County Assessor Jeff Prang along with other dignitaries is hosting the first in-person Homeowners' Resource Fair for the public since the pandemic hit two years ago. The Fair, free and...

 

Huge Project for Lincoln and Pico

By David Ganezer, Observer Staff Writer The owner of the Lincoln Center has proposed replacing the 1980's era parking lot and stores, with 521 residential units. The building would be 5 stories in height--around 65 feet. It would also contain 36,000...

 

The Brick and The Machine Complex Unveiled

Work was recently completed on The Brick and The Machine, a new office complex across the street from the Kirk Douglas Theatre in Culver City. Located on the northeast corner of Washington Boulevard a...

 

Housing Supply Crisis is a Myth

By Alyssa Erdley, Observer Staff Writer January 4, 2022 - Last night Santa Monica Audit Subcommittee Commissioner and Santa Monica native Marc Verville exploded the myth of a housing supply crisis in...

 

LOCATION, LOCATION, LOCATION . . .

“Buy land, they’re not making it anymore.” – Mark Twain In a year distinguished by pandemic and economic issues, the residential market continued to trend high according to PropertyShark, a...

 

City May Sue Over Housing Allocation From the State

By Alyssa Erdley News with Attitude Spurred on by Santa Monica City Councilmember Phil Brock, the City Council on Tuesday voted 5-2 to ask a Westside city association if they should join a lawsuit...

 

California Real Estate Investor Pleads Guilty to Rigging Bids at Foreclosure Auctions

A California man has plead guilty to rigging bids at public foreclosure auctions, federal court officials announced this week. Yama Marifat was indicted for conspiring with other real estate investors to rig bids when purchasing selected properties...

 

Condo for Under $1,000,000

By Miguel Covarrubias Gary Limjap at the Santa Monica Montana office of Coldwell Banker Realty, has listed a townhome for $999,000. Located at 1420 Princeton St., Unit 5, in Santa Monica, Calif., the...

 

Local Rents Down

Have you noticed more lawn signs than last year advertising apartments for rent? Well, you could be seeing a trend. Santa Monica rents have decreased over 10% since the Coronavirus lockdown began on...

 

Santa Monica Plaza Project Moves Forward

By Leonard “Guzz” Brophy IV In a blow to zero-growth extremists and to the benefit of a community suffering in a coronavirus-created economic downturn, the Santa Monica City Council voted 6-1 on Tuesday for the City to renew negotiations with a...

 

Ground Broken on 34 Venice Apartments

Venice Community Housing is redoing its headquarters to include, well, housing. The Rose Avenue Apartments, located at 718. E Rose Avenue, will include 4 stories and 35 apartments. 34 very low-income...

 

Goodbye, California Zoning Laws.

by Alyssa Erdley News with Attitude Between the State Senate and the State Assembly, nine bills are under consideration that would drastically change the balance of power regarding land use and zoning in California. Each bill seeks to solve the...

 

The Illusion of a California Housing Crisis Versus the True Need for More Infrastructure, Including Water

by Alyssa Erdley News with Attitude The State Legislature has been working hard to attempt to squeeze 1.8 million more units of housing into the state before 2029 by producing at least nine land-use proposals this year, each of which either enable,...

 

Olson Joins Vars Real Estate in Culver City

Jake Olson is the latest addition to the team at Vars Real Estate. Jake earned a Bachelor of Science in Business Finance from California State University, Fresno in 2013. He went on to serve in the...

 

Jefferson Business Park Sells For $73.5 million

While the price of homes I Culver City has skyrocketed in recent years business properties are also keeping up with the increase in value. Redcar Properties has acquired the Westside Jefferson...

 

Real Estate Corner

Some colleges and universities consider a parent’s home-equity when doling out loans or grants for incoming students, but others don’t even ask. DEAR DAVE: Our son is a senior in high school and...

 

Realty News Roundup

Retiring overseas is a dream that many Americans share, but living well on less is a constant in retirement planning. If life in the U.S. seems as if it would overstretch your assets, you might want to consider moving abroad. Moving overseas takes...

 

"Bulls, Bears and People from Connecticut": A Look A Current State of Culver City Real Estate Market

An increasing number of my clients have asked whether the real estate market is still rising and if we are still in a Seller’s Market and if so how long before we might see a correction? Many people have heard nation or local chatter about slowing...

 

Updates on some Infamous Haunted Properties

DEAR DAVE: Is the house that was the setting for “The Amityville Horror” movie still standing? ANSWER: Yes, the three-story Dutch Colonial is still standing in the village of Amityville in the...

 

Real Estate Roundup

Millennials Prefer Homes Over Marriage First comes the house and then maybe marriage or children, according to surveyed millennials detailed in Bank of America’s 2018 Homebuyer Insights Report, which was culled from 2,000 consumer responses. The...

 

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