The days leading to a holiday tend to be quiet in the real estate market. This fact, coupled with the already very tight resale inventory in Playa Vista, practically guarantees a relative lull in the coming week. You might ask just how slow sales might be? There are currently no single-family homes available in the Playa Vista resale market. As for the condo resale market, there are only four active listings, however, at least two of them have already accepted offers. This dismal level of homes for sale is at an all-time low from the time Playa Vista was built in 2003!
On the other hand, the Playa Vista rental market is where all the action is. Currently, there are 26 available lease listings plus additional inventory offers directly by homeowners. Among the rentals, ten are listed in the $4,000 or less price range, which is seeing a lot of action. Conventional thinking is that individuals tend not to want to move during the Fall and Winter holidays, which also makes it a great time for those looking to lock in a favorable rent for the next year.
Speaking of leases in Silicon Beach, we will soon welcome a new neighbor – Tesla. In addition to Tesla’s Los Angeles Service Center, located on Centinela Avenue just east of the 405 Freeway, the electric car company is expanding its presence in Silicon Beach. Multiple sources reported that Tesla signed a 7-year lease at 4729-4755 Alla Road in Marina del Rey. There is still speculation on what the office building and warehouse space might be used for. Please see the link for more information:
For more information about any of the new homes or other properties featured in this newsletter or this week’s open house schedule, please feel free to contact me. I am happy to offer you additional information about the community, Playa Vista Elementary School and the dynamic marketplace.
Have a wonderful Thanksgiving week with family and friends. It seems like the blink of an eye, but I’ve been writing this weekly newsletter, dedicated to Playa Vista Real Estate, for over 10 years! Thank you for reading as well as your support. It is truly a blessing to be able to help friends and clients in this tight-knit community that I’ve called home for more than 13 years! I love living in Playa Vista! This newsletter will resume the beginning of December.
Broker, Realtor ®
Palm Realty Boutique
THE PLAYA VISTA SPECIALISTS
IN ESCROW in just one week!
Carabela #309 – 12975 Agustin Place #309 | 3 Bd + 2.5 Ba + 2 Balconies + 2 Side-by-Side
Approx. 1962 Sq. Ft. | Total HOA for PVPAL & Carabela is $731 | Offered at $1,195,600
IN ESCROW in just one week!
Tempo #442 – 6020 Seabluff Dr | 2 Bd + 2 Ba + Balcony + 2 Non-Tandem Parking Spaces
Approx. 910 SF | Total HOA for PVPAL & Tempo is $556 | Offered at $755,500
JUST SOLD FOR $15,000 OVER ASKING!
Coronado #408 – 7100 Playa Vista Drive | 2 Bd + Ofc + Loft + 3 Ba + Tandem Parking
Approx. 1,892 SF | Total HOA for PVPAL & Coronado is $688 | Offered at $1,145,000
JUST SOLD FOR $70,000 OVER ASKING! HIGHEST PRICED PLAN 3 IN ESPLANADE!
Esplanade #404 – 13080 Pacific Promenade | 2 Bd + 2 Ba + Storage + Side-by-Side Parking
Approx. 1,355 SF | Total HOA for PVPAL & Esplanade is $547 | Offered at $895,000
JUST SOLD FOR $25,000 OVER ASKING!
13077 Bluff Creek Drive in Icon | 4 Bd + 2 Ofc + 3 Full Ba + 2 Powder + 2 Balconies
Approx. 3,860 SF | Total HOA for PVPAL & Icon is $481 | Offered at $2,360,000
JUST SOLD FOR $13,000 OVER ASKING!
The Lofts #213 – 13020 Pacific Promenade | 2 Bd + 2 Ba + Large Balcony
Approx. 1,090 SF | Total HOA for PVPAL & The Lofts is $670 | Offered at $812,000
SOLD AS THE HIGHEST PRICED PLAN 3 IN BRIDGEWAY MILLS AT THE TIME!
Bridgeway Mills #19 – 5400 Playa Vista Dr. | 2 Bd + Loft +2.5 Ba + 3 Patios + 3-car garage Approx. 2,050 SF | Total HOA for PVPAL & BWM is $690 | Sold at $1,240,000
6315 Para Way | 3 Bd+Den+3 Full Ba+2 Powder+3-Car Garage
Approx. 3,585 SF | Offered at $8,300 per month
IN ESCROW IN JUST 1 WEEK AND SOLD FOR $35,000 ABOVE ASKING!
Serenade #128 – 13031 VIllosa Place #128 | 2 Bd + Office +2.5 Ba + 2 Patios + Storage cage
Approx. 2,020 SF | Total HOA for PVPAL & Serenade is $759 | Sold at $1,225,000
IN ESCROW WITHIN 3 DAYS AFTER DEBUTING & SOLD AT ASKING!
Tapestry II #3 – 6020 Celedon Creek | 3 Bd + Large Room of Garage + 2.5 Ba + 2-car garage Approx. 2,140 SF | Total HOA for PVPAL & Tapestry II is $630 | Sold at $1,376,500
SOLD FOR $123,000 OVER ASKING AND CLOSED IN 21 DAYS!
Esplanade #309 – 13080 Pacific Promenade | 2 Bd + Office + Alcove + 2.5 Ba + 2 Balconies Approx. 1,653 SF | Total HOA for PVPAL & Esplanade is $572 | Sold at $1,108,000
SOLD FOR $20,000+ OVER ASKING IN 1 WEEK!
Carabela #336 – 12975 Agustin Pl | 2 Bd + 2.5 Ba + Patio | Approx. 1,640 SF
Total HOA for PVPAL & Carabela is $650 | Sold at $950,00