Investment Opportunity: Tenant-Occupied Condo with Rental Income!

For a private tour call/text the listing agent, Daniel Madariaga, at 818-445-7953. For more info visit VictoryCondo.com.

15070 Victory Blvd. #103

Van Nuys, CA 91411

Located within a secure gated community, this single-level condo offers 2-bedrooms, 2-bathrooms, and a large balcony with garden views.

The primary bedroom has an ensuite bathroom with a walk-in closet. Enjoy cooking in the well-equipped kitchen, complete with stove and dishwasher.

Other features include central AC/Heat, an in-unit washer and dryer, and a gas fireplace. The unit comes with 1 gated parking spot and a private storage unit.

The complex features a pool and BBQ areas. Pets are welcome. HOA dues include the unit's water bill.

The property will be delivered tenant occupied. The tenant's lease ends on 1/31/24. Rental income is $2,375 per month.

You can't find this off-market Sierra Madre home anywhere else but here!

Did you see the ADU?

For the general location of this Sierra Madre off-market property, in Google maps, put in "Grand View Ave. and Cañon Ave."

Text me for more info at 818-445-7953.

The Spanish-style home features wrought iron railings, arch-shaped doors, stained glass windows, and a gourmet kitchen.

Outside there are fruit trees, a gazebo, and an ADU.

This off-market property is a duplex in Sherman Oaks! Get $6,000 a month in rent!

For the general location of this off market property, in Google maps, put in "Ventura Blvd. and Sepulveda Blvd."

Text me for more info at 818-445-7953.

Both units have 2 bed/2 baths, with a combined total of 2,165 sq. ft. of living space and are on a 5,250 sq. ft. lot.

Both units feature updated bathrooms, new flooring, recessed lighting, new dual-pane windows, and a washer and dryer.

The upstairs unit has a large deck, and the downstairs unit has a private patio and yard.

Affordable home for sale in Lake Balboa! Take a tour today!

This is the cheapest home for sale this week in Lake Balboa. First time on the market in 50 years!

Asking price: $749,999

This home has 3 bed/1 bath, 1,168 sq. ft. of living space, and is on a 7,200 sq. ft. lot.

The home features dual pane windows, copper re-pipe, and a detached garage.

Text me for more info at 818-445-7953.

More sellers are lowering asking prices

With mortgage rates now nearing 5%, many aspiring home buyers may have reached the top of what they can afford, especially as 40-year-high inflation affects the threshold for them.

As a result, the number of sellers dropping their asking price is growing at a faster clip than in the recent past. About 12% of homes for sale had a price drop during the four weeks ending April 3. That marks a jump from 9% a year ago.

Home prices are well above levels from a year ago. The average borrower is paying about 40% more than they would have for the same home a year ago on a monthly payment due to higher mortgage rates and higher home prices, according to the National Association of REALTORS®.

More consumers believe that mortgage rates and home prices will rise further, according to a monthly consumer sentiment index from Fannie Mae. “If consumer pessimism toward homebuying conditions continues, and the recent mortgage rate increases are sustained, then we expect to see an even greater cooling of the housing market than previously forecast,” Mark Palim, vice president and deputy chief economist at Fannie Mae, wrote about the consumer sentiment index’s findings.

However, some buyers may see an opening in the market. They may want to rush ahead of further mortgage rate increases or may see an uptick in new listings.

Source: “Rising Mortgage Rates Are Causing More Home Sellers to Lower Their Asking Prices,” CNBC (April 7, 2022)

This home sold over the asking price this week in North Hills. Did they pay too much?

Here is the most expensive home sold in North Hills this week.

Asking price: $899,000

Sale price: $941,000

This home has a total of 5 bedrooms/ 3.5 bathrooms, 2,661 sq. ft. of living space, and a 7,805 sq. ft. lot.

The home features a newly remodeled farmhouse kitchen and a 2 bed / 1 bath guest unit above the garage.

How much did this Winnetka home sell for? Hint: most expensive home sold this week!

This is the most expensive home sold this week in Winnetka.

•4 bedrooms

•3 bathrooms

•2,111 sq. ft. of living space

•5,903 sq. ft. lot

•Converted garage into a large bonus room

•Pool, custom covered BBQ, separate cooktop, sink, & TV

Asking price: $799,950

Selling Price: $840,000

You must see this UNIQUE, WEIRD, COOL Shadow Hills home that is on the market right now!

This is definitely the most unique home to hit the market this week in Shadow Hills.

•4 bedrooms

•3 bathrooms

•2,882 sq. ft. of living space

•31,244 sq. ft. lot

•10 car covered garage with car lift, storage, and workshop

•Apartment treehouse and separate guest house

Asking price: $1,495,000

Interested? Text me if you want a tour at 818-445-7953.

27% of home shoppers are looking for affordability, less dense areas

According to a recent survey conducted by Redfin, a record high of 27 percent of home shoppers are searching for homes in different metro areas.

They are looking to relocate to a more affordable, less dense areas.

I'm sure this trend has a lot to do with people now seeing working from home as a viable option.