Prime Beverly Hills Executive Office JUST LEASED, More spaces available!

315 S. Beverly Dr. Lease

315 South Beverly Drive features a five-story, plus Penthouse office building totaling 66,000 square feet. Common areas feature a marble clad lobby and two high-speed elevators providing service to a 13,000 square foot floor plan. Approximately 30 foot bay depths provide an extraordinary ratio of window offices for tenants. Subterranean and street level parking available. Offers views, great walk-ability, modern spaces designed to suit, and more.

Excellent proximity to many Beverly Hills’ dining, shopping, hotels and entertainment on amenity rich South Beverly Drive. Immediate dining is offered in a multitude of options, including California Pizza Kitchen, Urth Cafe, Chin Chin, Ruth’s Chris Steakhouse, Islands, Coffee Bean & Tea Leaf, Peet’s Coffee, and Mako. In addition, 315 South Beverly is easily accessible from the major arteries of Olympic Boulevard, Wilshire Boulevard and Doheny Drive.

More spaces available here and in various locations throughout the area including Santa Monica, Beverly Hills, West Hollywood, Hollywood, and beyond.

For assistance with residential or commercial real estate please contact me:

Julie Kryukova
202 N. Canon Dr.
Beverly Hills, CA 90210
310.402.8181
jkryukova@gmail.com

Beverly Hills Golden Triangle Retail Space JUST LEASED!

9631 Brighton Way Beverly Hills CA 90210

9631 Brighton Way offers an open and airy retail/office space in the heart of the Beverly Hills Golden Triangle. This 1,693 sq. ft. space features everything Beverly Hills has to offer plus high ceilings, lots of natural light, great street visibility, and a mezzanine perfect for offices. Just two blocks from Rodeo Drive, and next to recognizable names such as Villa Blanca, Madison, Harrari, Giuseppe Zanotti, Chanel, Armani, YSL, and Prada to name a few. The perfect location to build your brand and be seen!

If you’re looking for a commercial space for lease or sale, please contact me direct:

Julie Kryukova
202 N. Canon Dr.
Beverly Hills, CA 90210
310.402.8181
jkryukova@gmail.com

Prime Beverly Hills Penthouse – Private sale $1,349,000

Palm Penthouse

Elegant top floor 3 bedroom view penthouse in prime Beverly Hills! Impressive dimensions at 2,621 sq. ft, extra wide hallways, and tons of skylights make this space feel like a single family home.  Large eat in kitchen with breakfast nook, updated stainless appliances, and a large window allow for plenty of cooking and storage space.  How often do you see a top floor unit that shares no walls at all with its’ neighbors?  Asking price $1,349,000

  • 3 bedrooms
  • 2.5 bathrooms
  • 2,621 sq. ft
  • Skylights throughout
  • Wide hallways, high ceilings
  • Impressive master suite with fireplace, large windows, private patio, tons of closet space, vanity area, double sinks, separate tub and shower
  • Large updated kitchen stainless appliances and eat in nook
  • Oversize open concept living room with short windows
  • Washer and Dryer inside the unit
  • 3 assigned parking spaces side by side
  • Enormous private storage space
  • Secure entry, private elevator
  • Honey hardwood floors, brand new lush carpet in the bedrooms

Please contact me for details and private showings.  Property is located North of Burton Way, West of Doheny Drive in Prime Beverly Hills, CA 90210.

 

Palm1 Palm2 Palm3 Palm Penthouse Beverly Hills for sale

JUST LISTED: Elegant Penthouse in Prime Beverly Hills Location $1,045,000

441 N. Oakhurst Dr #702

441 N. Oakhurst Drive  Penthouse 702  Beverly Hills, CA 90210

3bedrooms, 2.5bath, 2126 sq. ft

Asking Price: $1,045,000

441 N. Oakhurst Dr #702 Beverly Hills CA 90210 002 005 006 008 010 011 012 013 014 014A 015 016 017 018 019 020 021 022 023 024 025 026 027 028 029 030 031 032

This elegant three-bedroom, two-and-a-half bathroom Beverly Hills penthouse offers stunning above-it-all views and an unbeatable location. Lounge on the large outdoor patio and soak up the mountain to city views, or walk to all the area has to offer. A Regency-style set of double doors opens into an entry way to the 2,196 sq.ft. unit. The step-down living area is over-sized and has a travertine fireplace. A balcony with sweeping views is at the end of the living area. A dining area is bracketed by corner walls of window that allow for ample light in the day and a carpet of city lights at night.

The large galley-style kitchen (with built-in appliances) is “open-ended” and provides access to the dining and living areas. Under-the-counter laundry machines takes the functionality of the kitchen to new heights. Richly-toned granite counter tops, and plenty of storage augment the kitchen’s offerings.

Bonus alert! It is a rarity in condominium floor plans that a unit have a family room/den area. But this unit has a perfect one. Its den area (with a wet bar) provides space for watching screeners or having an evening cocktail. Rounding out the public rooms is a convenient powder room off of the main entry.

The large master suite has a walk-in closet and double sinks. The two other bedrooms share access to a bathroom.

Pool, residents-only meeting rooms, two parking spaces (tandem) and controlled access make this unit a great value.

Please visit www.441oakhurstdr.com for more details.   OPEN HOUSE SUNDAY 1-4PM

Barry Bonds lists Beverly Hills home for $25,000,000!!! The property sits on 2.56 stunning acres!

Barry Bonds' Beverly Park Estate for Sale

Barry Bonds

SELLER: Barry Bonds
LOCATION: Beverly Hills, CA
PRICE: $25,000,000
SIZE: 17,100 square feet, 7 bedrooms, 13 bathrooms

YOUR MAMAS NOTES: In December 2011 former professional baseball player Barry Bonds was sentenced to 30 days house arrest—plus 2 years probation and 250 hours of community service—on federal charges of obstruction of justice during purposefully obfuscating testimony he gave regarding the doping scandal that rocked professional baseball in the mid-Aughts.

Presumably Mister Bonds did his time in unabashed luxury at his massive mansion in Beverly Park—the swank gated community of famously steroidal homes in Beverly Hills—that has quietly come up for sale with an asking price of $25,000,000.

Mister Bonds purchased the 2.56 acre property, according to property records, in late 2002 for $8,700,000.

The multi-winged mansion was originally built in 1999 with 11,448 square feet but a subsequent expansion by Mister Bonds brought the total to 17,100 square feet according to the listing agent’s website. The two-story sprawler is said to have seven bedrooms, 13 bathrooms, garage parking for at least 4 four cars and an elevator. (Rich people just hate using stairs, apparently.) There’s also a music room, home theater, wine cellar, spa and—natch—a home gym set up. The fully landscaped grounds include double motor courts, a sports court,

Some of Mister Bonds’ nearest neighbors in the star-studded ‘hood include Denzel Washington and country queen Reba McEntire.

Source: realestalker blog

Adrienne Maloof Lists Beverly Hills Mansion Amid Divorce!

SELLERS: Adrienne Maloof and Paul Nassif
LOCATION: Beverly Hills, CA
ASKING PRICE: $26,000,000
SIZE: 8 bedrooms, 11 bathrooms

L.A.-based businesswoman Adrienne Maloof of The Real Housewives of Beverly Hills fame and her Beverly Hills plastic surgeon husband Paul Nassif have listed their humongous, gilt-trimmed Richard Landry-designed faux-French chateau in the guard-gated Beverly Park community on the market with an asking price of $26,000,000.

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Real Estate Tourism: Who’s Really Buying America’s Homes?

Los Angeles Real Estate Expert

Russian billionaires have been making headlines for snapping up some of the most opulent homes in the United States. Yuri Milner ‘overpaid’ by 100% on a $100 million Silicon Valley mansion in 2011. Dmitry Rybolovlev’s daughter bought an $88 million penthouse in New York City (after spending $100 million on Donald Trump’s Palm Beach palace in 2008). This week, an anonymous Russian buyer plunked down $47 million in Miami’s most expensive sale ever.

But Russians certainly aren’t the only foreigners plowing money into American real estate. “The reason the Russians get so much attention is that they buy the highest ticket trophy properties,” says Jacky Teplitzky, a managing director at Prudential Douglas Elliman Real Estate, who peddles property in New York City and South Florida. “But if you go by number of buyers, you have much more activity coming from places like Argentina, Brazil, Colombia and Venezuela.”

To name a few. Since the housing bust, foreign buyers have flooded the U.S. housing market, taking advantage of favorable exchange rates, weaker prices and, in some cases, record-low mortgage rates. Foreign nationals accounted for $82.5 billion, or 8.9%, of the $928 billion spent on U.S. residential real estate from April 2011 through March 2012, according a June survey from the National Association of Realtors. That was up 24% from $66.4 billion the previous year. More than 50% of sales over the past year occurred in just five states: Florida, California, Texas, Arizona and New York.

Chinese are also shopping in the U.S. in growing numbers. Buyers from mainland China and Hong Kong account for over $7 billion in sales annually, or 11% of international sales activity in the year to March, according to NAR, making them the second-largest foreign buyers of U.S. homes. The influx of newly minted millionaires has inspired developers to reserve units on floors with the number ‘eight’ in new condo projects — like Manhattan’s One57 — for Chinese buyers (Chinese consider eight to be a lucky number), and real estate brokers are embarking on overseas marketing trips that have resulted in big-ticket purchases like Beverly Hills’ $34.5 millionWehba Mansion.

If the Chinese are the second-largest foreign buyers of U.S. homes, who’s No. 1? Our neighbors to the north in Canada. Canadians accounted for 24% of sales to foreigners in the year to March, according to NAR.  And it’s not likely to let up: Realtor.com says Canadians account for the most international search activity on the listing site every month in nearly all of major U.S. metro areas.

Canadians have been a dominant purchasing force in hard-hit Sunbelt states like Arizona and Florida. A relatively weak greenback coupled with low home prices represents an opportunity to scoop up a home that could be used for vacations now and retirement later.

Canadians have also been buying in the Midwest, including Chicago. “Close proximity to Canada makes it an easy place for Canadians to invest money,” says Bob Krawitz of RE/MAX Signature in Chicago. He says interest runs along all price points, from distressed properties that can be fixed up and rented out to seven-figure mansions along Lakeshore Drive.

Brazilians are getting attention for their buying sprees in markets like Miami and increasingly, New York City, but Argentineans have been just as active. “The foreign buyer story should be as much about Argentineans as Brazilians,” asserts Philip Spiegelman, a principal at International Sales Group, a marketing and sales organization for real estate developers. “The market in downtown Miami has been principally dominated by Argentineans, then Brazilians, then Venezuelans.”

Increasing numbers of Venezuelans are pouring money into American real estate, seeking a safe haven for their wealth from political and financial uncertainty back home. Teplitzky says many of her South American clients, who also include Colombians and Argentineans, seek out rental units, especially in Miami. “The new landlords in Florida are South Americans and their tenants are Americans,” she adds.

Spiegelman says Europeans, particularly French, have been buying more in southern Florida in recent months as well. “The real attraction here is cheap, cheap, cheap waterfront real estate: these buyers look at this and think it will never be as cheap again.”

Given the uncertainties of the European Union’s fiscal crisis, many wealthy Europeans are desperately trying to shed their euro zone homes and reinvest that money in American real estate. A growing number of brokers, like Italian-born Richard Tayar of Keller Williams NYC, cater to clients looking to do that.

French and Argentineans have become a notable part of the buyer pool in New York City as well. In the luxury condo building Trump SoHo, Argentineans have accounted for the second largest number of sales this year. “Argentina is an unsung element of our demographic base,” says Amy Williamson, vice president of sales for the Prodigy Network. She says Mexicans and Peruvians have been very active also, particularly at the higher price points.

South Koreans have quietly been scooping up investment properties in the New York metro area.  Brokers like Martin Chung, a senior vice president atCorcoran Group, are looking to market to them, printing up property postcards in Korean.

Sang Oh, president of Asia operations for Platinum Properties, just returned from a month in South Korea, where he pitched prospective clients a new development called Sky View Parc in Flushing, Queens. “Korean buyers have come back on very strong in the past year and a half,” notes Oh. He says most buyers he deals with want to be landlords. With rents up 40% from 2002 to 2008 in Flushing, it’s the reason he’s peddling Sky View Parc. “There’s a lot more interest in areas that you wouldn’t have thought of — tertiary markets like Flushing, Long Island City, areas of Brooklyn.”

On the West Coast, Asians have been busy buying homes as well. In addition to the Chinese, Singaporeans, Indonesians and Malaysians have been active, says Christophe Choo, a Los Angeles-area luxury real estate broker with Coldwell Banker Previews International. They typically want new construction, particularly condos, that they can use as pied-a-terres.

Armenians and Croatians – many under the age of 30– are plunking down millions for homes too. “[Armenian nationals] are very similar in ideals and philosophies to Russia,” asserts Choo. “They are on a major spree, buying large properties for family compounds that they buy, tear down and build major homes on.”

If you’re interested in buying, leasing, or selling property please contact me (310)402-8181/jkryukova@gmail.com

www.juliekproperties.com 

Source: FORBES Online

 

Financing Game Changer to Affect All Buyers and Sellers!

If you’re a buyer or seller on the fence about making a move, October 1st could be a game changing date.

Starting October 1, 2011 “Conforming” (think Fannie and Freddie) and FHA loan limits are set to be lowered nationwide as the federal government looks to lessen its footprint in the business.  This means the current loan limit of $729,750 in Los Angeles that we’ve gotten used to in the past several years will be reduced to $625,000 this fall. So why does that matter to you? Since most buyers rely on the low rates, smaller down payment requirements and the easier underwriting guidelines offered by these government backed loans, the market is going to lose a tremendous amount of its purchasing power. When purchasing power decreases it puts downward pressure on sale prices. For sellers in certain price ranges this means less qualified buyers this fall. For buyers this will put many properties out of reach. For example:  With the conforming loan limit at the current $729k the average buyer with 20% down payment can buy a $910,000 house.  When the conforming loan limit decreases back to $625k, the average buyer with 20% down payment can only buy a $780,000 house using conforming financing. Today an FHA buyer with the minimum 3.5% down payment has the power to buy a $755,000 property. After October that max purchase price drops to $646,000. If you’re planning on buying or selling you may want to accelerate your timeline.   Of course there is and will continue to be financing far above these loan limits. However, these “non-conforming” or JUMBO loans may have higher interest rates, are more difficult to qualify for, require a larger down payment, and require more post closing cash reserves by the borrower.

It’s also important for you to know that this is not being backed by the government so in turn the Jumbo loan product varies significantly from one bank to the next and one lender to another. It is not “one size fits all” when it comes to jumbo loans. That’s why it is so important to have a mortgage consultant who is skilled in jumbo financing, not only understanding the different programs and guidelines but having access to all of those choices. Please don’t hesitate to call for any additional information on these upcoming changes or any property sales questions you may have.

First-Time Home Buyers Prepare for Best Buyer’s Market in Recent History

While affordable housing prices, ample inventories, and historically low interest rates signal ‘buyer’s market’ for investors or move-up buyers in many U.S. markets, inexperienced first-time buyers may not know if the time is right to make a move into real estate.

“It’s not about timing the market. It’s about time in the market,” says Steve Berkowitz, chief executive officer at Move, Inc., a leader in online real estate. “Once you know how long you expect to own a home, look at the historical value performance of properties in the neighborhood. Be confident about your own job security, down payment resources and tolerance for upkeep, as well as the lifestyle you want today and in the near term. While homeownership may not be for everyone, it is the right choice for hundreds of thousands of people. Today’s housing market, especially for first-time buyers, makes it almost impossible not to think about the possibilities.”

To help first-time buyers know if they’re ready to look for the home of their dreams as we head into this year’s home-buying season, the experts at Move have created a ‘reality checklist’ designed to help them decide if the time is right.

Get your financial house in order
Before you decide to buy a home, it’s essential to make sure your credit is in good shape and repair any damage previously done. Know your credit score: thirty-five percent (35%) of successful buyers recently reported they didn’t know their credit score when they went house shopping, according to a national survey fielded for MortgageMatch.com. Having enough money set aside for a down payment is a key component to making sure you are ready to purchase a home. Also, it’s important to not put all of your money in the down payment as other fees or unexpected expenses often arise after closing.

Don’t fall in love with a house you can’t buy
Find out how much you can afford: establishing your purchase power upfront, including how much money will be required for a down payment and closing costs, is a must for first-time buyers. Look for special loans available from FHA and government sponsored loans for first-time home buyers that reduce the amount of money required to get into a home.

Learn the lingo
Since first-time buyers are new to the market and will finance a significant portion of their purchase, it’s important to get familiar with the processes and terminology associated with home-buying. Here are a few key terms from MortgageMatch.com to add to your vocabulary:

Bait rate: Misleading mortgages with low rate promises and no contingencies generally for those with extraordinary credit. Rates are based on: credit, debt-to-income and loan-to-value ratios, the size and type of loan, property location and the day you lock your rate, etc. The loan isn’t locked until the application is accepted. By then, it may be too late to find a better rate from another lender.

Basis point: A term used in the mortgage industry which simply means 1/100th of 1%.

Closing costs: The fees required to process and close your loan. They’re a cash obligation running from 3-5% of the purchase price. Motivated sellers might pay a portion of these costs.

FHA: Federal Housing Administration, the Federal Government Agency that oversees the U.S. Housing market. FHA Loans are loans insured by the Dept. of Housing and Urban Development.

FRM and ARM: A Fixed-Rate Mortgage Loan (FRM) is a loan where your interest rate stays the same for the life of the loan. ARMs are Adjustable-Rate Mortgages with variable interest rates that fluctuate based on an agreed-upon index.

GFE: The Good Faith Estimate (GFE) is a document explaining all costs involved in getting a loan.

TIL: The Federal Truth-in-Lending Form is a document that spells out the costs and fees of the loan.

Lis pendens: An official notice that there is a pending lawsuit over real estate.

Per Diem interest: Interest you pay per day, from the day you close to the last day of the month.

Underwriting/underwriting fees: Underwriting is a process the lender performs to qualify a borrower for a loan and the fee is what you pay the lender at closing to cover evaluating the risk involved with loaning you money.

Warranty deed: A legal document guaranteeing the seller has a right to sell a property, which is very important if you are considering a distressed or discounted property.

Mortgage Knowledge
While national rates on 30-year-fixed-rates mortgages have risen slightly this year, they are still at historic lows not seen since 1980, according to Freddie Mac. “Buyers who prepare themselves financially before they start looking for a home will have a better chance of succeeding,” says Sue Stewart, senior vice president for Move, Inc. “If you want to land the best mortgage that fits your needs, start early, educate yourself on your financial situation, get your documentation together and find a lender you trust.”

Find a REALTOR® and go shopping
For those ready to buy, REALTOR.com® has the tools and tips to help you find a REALTOR® and, ultimately, the right home. Finding a licensed real estate professional in your area will make the process smoother and easier to understand. Once you find an agent, share your realistic budget and what you’re looking for in a home. Stay in constant contact with your agent and look for homes whenever you have a spare moment.

First-time home buyer resources
For more tips designed to help the first-time buyer navigate the home buying process, the experts at Move have provided an abundance of helpful information that’s just one click away:
-Reality checklist – Are you sure you’re ready to buy? Here’s how to know.
-How-to Guide: Buying Your First Home – Everything you need to know about buying a home
-Get Prequalified Now – Get prequalified for a mortgage before you begin shopping
-Realtor.com Blogs– Connect with REALTORS® to help you navigate the market
-MortgageMatch.com News – Answers questions about finances and mortgages
-Move.com Home Finance – Equips first-time buyers with tools, guides, advice, and more

If now isn’t the right time, prepare for your future purchase
If now isn’t the right time to buy a home, make a plan with a target date for when you expect to be ready. Improving your credit, paying down debt, stabilizing your work history and calculating exactly how much you can afford, are the best ways to prepare for your future home purchase. It’s also important to refrain from making any new large purchases or applying for new credit.

 

 

Source: RIS Media

http://rismedia.com/2011-03-17/first-time-home-buyers-prepare-for-best-buyers-market-in-recent-history/

Luxury home sales jump 21% in California

California homes priced at $1 million or more experienced a sales boom in 2010, the first increase in five years, even as overall home sales in the state declined, a real estate information service reported. The reason: High-end home shoppers went bargain hunting as certain parts of the economy improved but luxury home prices remained depressed.

Last year, 22,529 homes sold statewide for $1 million-plus, a 21% increase from 2009, according to DataQuick Information Systems in San Diego. In contrast, the total number of California homes sold last year dropped 9%.

“Prestige home buyers respond to a different set of motivations than the rest of us. Their decisions are less dependent on jobs, prices and interest rates, and more on how their portfolio is doing,” DataQuick President John Walsh said.

“When the financial world was full of uncertainty a couple of years back, and the jumbo-loan market dried up, luxury sales plummeted. As the economy started its top-down recovery, some wealthy buyers went looking for a bargain,” he said.

Savvy shoppers trying to time the market swooped in before discounted prices could turn the corner.

“Certainly, we’re pretty sure we’re at the bottom” for home prices, said economist Christopher Thornberg, principal with Beacon Economics in Los Angeles.

Even if prices fall further, he said, “if you are borrowing, buying today makes a lot of sense because interest rates are just incredibly low.”

Two other reasons for the $1-million-and-up market increase are the return of the jumbo mortgage market in 2010 and a comeback in the stock market, which saw huge losses in 2009, Thornberg said. “A lot of folks who were reeling from equity losses bounced back.”

Cash purchases also inched upward among $1-million buyers last year to 29.4% of sales, up from 28.9% in 2009 and the highest for any year since 1994. But even cash purchases can be motivated by low interest rates.

“A lot of cash offers are done on the basis of the person trying to get a leg up and then they turn around and refi,” Thornburg said.

Million-dollar-plus sales hit a high of 54,773 in 2005 and then dropped through 2009. Last year’s sales increase came despite a winnowing in the category; 3,380 of the homes that sold statewide for less than $1 million had previously sold for $1 million or more, DataQuick analysis shows.

“There are not as many million-dollar homes kicking around as there were during the boom years,” Thornberg said.

L.A.-area real estate offices also noticed the uptick in $1-million-plus sales.

“I think last year there were a lot of buyers who said now is the best time to buy,” said Jeffrey Hyland, president of Hilton & Hyland, whose Beverly Hills office doubled its dollar volume from 2009. “We noticed it on the high end.”

His office, for example, sold seven houses for more than $20 million last year.

“That’s a good sign to the market of where we are” that high net-worth buyers are making purchases, Hyland said.

“It’s like those people don’t read the doom and gloom” news reports, he said.

Plus, the rich do often get richer. “Some people are more wealthy now than they were before,” Hyland said.

Most of the high-end sales, 79%, fell between $1 million and $2 million. The median-size home in the million-dollar-plus category was 2,840 square feet, with 4 bedrooms and 3 bathrooms, and the median price paid per square foot was $601, down 0.6% from $605 in 2009. For the overall California housing market, the median price per square foot was $164 in 2010, up 10.1% from $149 in 2009, DataQuick said.

The most expensive confirmed purchase statewide last year, based on public records, was a 35,000-square-foot-plus mansion on 2.2 acres in Bel-Air that sold for $50 million.

But not all mega-deals are subject to the bright light of public curiosity, if buyer and seller employ legal sleight of hand.

“A lot of the sales … may not appear on public records,” Hyland said of the most expensive transactions.

So the number of $1-million-plus sales, he said, could be even greater than reported.

Source: LA Times 2011