Read about the latest Market Trends, Southern California living conditions, and how to invest in Southern California Real Estate. Featuring Real Estate and Community News for Pasadena, San Marino, South Pasadena, Silver Lake, Los Feliz, Highland Park, Eagle Rock, Alhambra, Whittier, San Gabriel Valley, North East Los Angeles, and Greater Los Angeles Area.
10520 Myrtle Street 4 UNITS • 8 BD • 4 BA • 9,361 LOT SF • $1,550,000
Welcome to 10520 Myrtle Street in Downey, CA! Featuring 4 units, this spacious multi-family property is a fantastic investment opportunity as a rental property or a great place to call home - live in one unit and rent out the rest!
Each spacious unit includes bright and inviting interiors including: 2 bedrooms and 1 bath, and shared garage. Outside, you'll find plenty of space for all units to share in addition to a shared driveway with a couple spots for additional parking. The property also offers off-street parking for convenience. Some units offer yard space - great for a patio or a garden.
The City of Downey, home to more than 113,000 residents in 12.41 square miles, is a diverse and dynamic community in the heart of Los Angeles County, approximately 15 miles from Downtown Los Angeles, approximately 15 miles from Downtown Long Beach, and 5 miles from Orange County. With easy access to major highways 5 / 710 / 105 / 605, commuting to other parts of the city is a breeze.
Convenience is key at 10520 Myrtle in Downey. Community, dining, shopping and entertainment are just minutes away including Downey High School, Downey City Library, Downey Theatre, Promenade at Downey, Discovery Sports Complex and more! Discover the charm of downtown Downey with Porto's Bakery, LOOK Dine-in Cinemas, and Farmers Markets.
Schedule a Viewing
This spacious multi-family property is a fantastic investment opportunity or a great place to call home. Don't miss out on the opportunity to own this magnificent multi-family property to start your investment real estate portfolio. Schedule a Viewing today, call/text Edward at (626) 817-3238 or email: Edward@EdwardUriarte.com
Welcome to 8340 Luxor St in Downey, CA! This spacious multi-family property is a fantastic investment opportunity as a rental property or or a great place to call home–live in one unit and rent out the rest!
Featuring 3 units, each spacious unit includes 2 bedrooms and 1 bath, in-unit washer and dryer hook-ups, and garage. The interior of each unit is bright and inviting, with ample size windows that let in an abundance of natural light. Some units offer yard space great for a patio or gardening. Outside, you'll find plenty of space for all units to share in addition to a shared driveway with a couple spots for uncovered parking. The property also offers off-street parking for convenience.
The City of Downey, home to more than 113,000 residents in 12.41 square miles, is a diverse and dynamic community in the heart of Los Angeles County, approximately 15 miles from Downtown Los Angeles, approximately 15 miles from Downtown Long Beach, and 5 miles from Orange County. With easy access to major highways 5 / 710 / 105 / 605, commuting to other parts of the city is a breeze.
Convenience is key at 8340 Luxor St in Downey. Community, dining, shopping and entertainment are just minutes away including Downey High School, Downey City Library, Downey Theatre, Promenade at Downey, Discovery Sports Complex and more! Discover the charm of downtown Downey with Porto's Bakery, LOOK Dine-in Cinemas, and Farmers Markets.
Schedule a Viewing
This spacious multi-family property is a fantastic investment opportunity or a great place to call home. Don't miss out on the opportunity to own this magnificent multi-family property to start your investment real estate portfolio. Schedule a Viewing today, call/text Edward at (626) 817-3238 or email: Edward@EdwardUriarte.com
COOKING ACROSS THE COUNTRY by COMPASS - Just in time for the holidays, we’re excited to share “Cooking Across The Country Cookbook”, a collection of heartfelt recipes from our Compass Agents around the nation. Just as we take pride in helping you find the perfect home, we are equally passionate about sharing the warmth of the holiday season through the art of cooking. We invite you to savor these recipes, envisioning the joy they can bring to your own gatherings. As a Los Angeles-raised local realtor with over 25 years of experience, my commitment extends beyond real estate transactions—it's about creating lasting connections and fostering a sense of community. Whether you are considering a new home or settling into your current abode, may these recipes inspire you to create beautiful memories with your loved ones. Here's to a season of connection, celebration, and the prospect of finding and creating – Your Home, Your Dreams - with Compass Real Estate & Edward Uriarte and Associates. Wishing you a delightful journey through these pages and a joyous holiday season!
NOW AVAILABLE - The 2023 Fall/Winter issue of the Compass Curated Magazine has landed. From dreamy countryside havens and refreshing waterfront retreats that redefine relaxation, discover our carefully curated selection of the nation's most remarkable properties by the Luxury Division at Compass. Explore the extraordinary and turn your luxury dreams into a reality.
Ready to make your dream home a reality? Contact us today at Edward Uriarte and Associates. As an LA-raised local with over 25+ years of Real Estate experience, we’re here to help you navigate this process and help you get your home, your dreams! Reach out today, call/text Edward at (626) 817-3238 or email: Edward@EdwardUriarte.com
Fantastic opportunities to House Hack or Invest in Southern California
Don't miss out on the opportunity to own one of these spacious multi-family properties to start your investment real estate portfolio. Just south of DTLA and north of Long Beach, these properties are minutes from shopping, dining, and entertainment options near downtown Downey, including Porto's Bakery, LOOK Dine-in Cinemas, and Downey Landing. With easy access to major highways 5/710/105/605, commuting to other parts of the city is a breeze.
NORTHWEST DOWNEY
10701 La Reina Avenue
4 UNITS 7 BD 8 BA 4597 SF $1,650,000
Welcome to 10701 La Reina Ave in Downey, CA! This spacious multi-family property is a fantastic investment opportunity or a great place to call home. Featuring 4 units, this home/investment provides plenty of space for a large or extended family. The interior of each unit is bright and inviting, with ample size windows that let in an abundance of natural light. Outside, you'll find plenty of space for all units to share. The property also offers off-street parking for convenience. Learn more
More in Downey
NORTHWEST DOWNEY
10429 Western Avenue
2 UNITS 4 BD 2 BA 1904 SF $950,000
Welcome Home to 10429 Western Ave • Featuring two houses on one lot, this home/investment provides plenty of space for a large or extended family. Outside, you'll find a generous amount of space to share each unit with its own yard. The property also offers a shared driveway for parking and off-street parking for convenience. Learn More
Schedule a Viewing
Don't miss out on the opportunity to own one of these spacious multi-family properties to start your investment real estate portfolio. Learn more or Schedule a Viewing today, call/text Edward at (626) 817-3238 or email: Edward@EdwardUriarte.com
A jumbo loan, also known as a jumbo mortgage, is a type of home loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In the United States, these limits are put in place to regulate the size of loans that can be purchased or guaranteed by government-sponsored entities like Fannie Mae and Freddie Mac. Jumbo loans are not eligible for purchase by these entities, so they typically have different requirements and terms compared to conforming loans.
Jumbo loans are typically sought by individuals who are interested in purchasing high-value properties that exceed the conforming loan limits. Here are some common scenarios where individuals or groups may be interested in jumbo loans:
Real Estate Investors: Real estate investors who want to finance the purchase of high-value investment properties may turn to jumbo loans, especially in markets where property values are significantly above the conforming loan limits.
Homeowners in High-Cost Areas: In regions with high real estate prices, even moderately-sized homes can exceed conforming loan limits. Homebuyers in such areas may need jumbo loans to finance their primary residences.
Move-Up Buyers: Homeowners looking to upgrade to a larger, more expensive home may use a jumbo loan to facilitate the purchase.
High-Value Homebuyers: Jumbo loans are used by individuals or families looking to purchase luxury homes, upscale properties, or homes in expensive real estate markets where standard conforming loan limits are insufficient to cover the purchase price.
Self-Employed Borrowers: Self-employed individuals often have more complex financial situations and may seek jumbo loans to purchase high-value homes. They may need to provide additional documentation to prove their income and creditworthiness.
It's important to note that eligibility for jumbo loans often depends on factors such as creditworthiness, income, and the specific requirements of the lending institution. Borrowers should be prepared to provide extensive financial documentation and meet stricter criteria compared to conforming loans. Additionally, the terms and conditions of jumbo loans can vary from one lender to another, so it's advisable to shop around for the best terms and consult with a mortgage professional to determine the most suitable loan for your needs.
Have additional real estate questions that you’d like us to answer? Call or text us today at: (626) 817-3238 or shoot us an email at: Edward@EdwardUriarte.com
Congratulations to our savvy buyer who just expanded their real estate portfolio with an excellent 8-unit apartment building in Paramount!
Property Highlights:
• 8-Unit Multi-Family Property
• 6,528 Sq. Ft. on a 15,742 sq ft lot
• Location: Paramount in Los Angeles County
• Price Negotiation: we secured a staggering $200,000 off the listing price for our buyer!
Can purchasing a multi-family residential property be the right investment move for you? Now, let us tell you why investment in a multi-family residence like this can be a game-changer in your real estate investment portfolio:
1. Capturing the SoCal Housing Boom: Southern California's population is on the rise, and the demand for housing is skyrocketing. Multi-family properties like this one are perfectly positioned to meet the ever-growing demand for quality housing.
2. The Power of Long-Term Investment: Just like many successful investors, our buyer recognizes the immense potential of multi-family properties as a long-term investment. It's not just about immediate gains; it's about building wealth over time. As Southern California's real estate market continues to appreciate, an investment like this 8-unit gem can be poised for substantial returns.
3. Consistent Cash Flow and Financial Security: Owning and managing a well-maintained multi-family property can be your ticket to a steady stream of rental income. In fact, it's not uncommon for the income generated to exceed expenses, resulting in impressive cash flows to move you towards achieving your investment goals.
Investing in a multi-family residential property is more than just a transaction; it's a strategic move towards securing your financial future. Whether a seasoned real estate investor or just getting started on your real estate investing journey, our team is here to help you reach “your home, your dreams”. Reach out today to learn more about real estate investing, and which strategies can work best for your needs.
Call/Text: (626) 817-3238 or Edward@EdwardUriarte.com Edward Uriarte (DRE 01102702)
Here are the trends that we’ve gathered on Southern California Real Estate as we wrap up August and September 2023. In this episode, Edward covers how interest rates are affecting the housing market in Los Angeles County, Orange County, and San Diego County areas. Is it still a Seller’s Market? What does this mean for you buying or selling a home in this season? Tune in here.
Have additional questions about the real estate market? Call or text us today at (626) 817-3238.
VIEW LISTING Nestled in a desirable Altadena neighborhood, this lovely home is a blend of tranquility and convenience. With plenty of natural light, the interior welcomes you with fresh updates, including new carpet, interior paint, and window blinds. A spacious detached two-car garage and a long driveway provides ample parking. This unique property has the potential for expansion, renovation, or the creation of an Accessory Dwelling Unit (ADU). This home is located nearby hiking trails, community garden, golf course, library and shopping. Learn More...
Open House 373 West Poppyfields Drive, Altadena, CA 91001 Saturday, September 9 • 2pm-4pm Sunday, September 10 • 2pm-4pm
Are you a first-time homebuyer considering your options? Condos are perfect for those starting with a modest budget with lower upfront costs and monthly mortgage payments. Here are 5 reasons why a condos can make an excellent choice for you:
1. Prime Locations: Condos are strategically placed in desirable urban or suburban areas, bringing work, entertainment, and amenities closer to your doorstep –such as this newly upgraded condo in Pasadena just moments away from Old Town Pasadena, Paseo outdoor mall, South Lake
2. Lower Maintainance - Say goodbye to landscaping, roof repairs, and exterior upkeep. Monthly homeowners' association (HOA) fees handle these chores, saving you time and money.
3. Amenities: Many condos come with exciting perks like swimming pools, fitness centers, clubhouses, pet areas, and security services. These amenities enhance your lifestyle and justify your monthly HOA fee.
4. Lock-and-Leave Lifestyle: Condos offer a convenient "lock-and-leave" lifestyle, ideal for frequent travelers and busy individuals. Condos often feature gated entrances, surveillance cameras, and secure access systems, providing peace of mind for first-time homeowners.
5. Investment Potential: Condo ownership enables you to build equity over time, setting the stage for future real estate investments. In certain markets, condos can appreciate in value over time, potentially yielding a solid return on investment if you decide to sell in the future.
However, it's crucial to consider potential downsides, such as personalization restrictions, limited outdoor space, and HOA management issues. Thoroughly research your chosen condo development, understand HOA rules and fees, and ensure it aligns with your unique preferences, needs, and financial situation.
In conclusion, condos can be the perfect stepping stone into homeownership, offering a blend of affordability, convenience, and community that makes them an attractive option for first-time buyers. 🏠 #CondoLiving #StarterHome
Need help deciding if a condo is the right starter home for you? Reach out today and will help you find the perfect home for your dreams.
Call/Text: (626) 817-3238 or visit EdwardUriarte.com Edward Uriarte (DRE 01102702)