Austin Chen, REALTOR

01/27/2026

Keller Williams Beverly Hills

01/12/2026

01/11/2026

🏛️ CARTHAY CIRCLE REAL ESTATE MARKET SNAPSHOT | Week of January 10, 2026
CURRENT MARKET STATS:

📈 Median Sale Price: $2.08M (↑3% YoY)
📊 Price per Sq Ft: $570
🏡 Active Listings: 7 homes for sale
⏱️ Days on Market: 40-55 days
🔥 Competitive Score: 55/100 (Somewhat Competitive)
💰 Average Sale (HPOZ): $2.70M | 3,078 sq ft

HISTORIC DISTRICT PREMIUM:
As a nationally recognized Historic Preservation Overlay Zone (HPOZ), Carthay Circle commands premium pricing—well above LA County averages. The neighborhood features architecturally significant homes from the 1920s-1930s, predominantly Spanish Colonial Revival style with Tudor, French, and American Colonial variations. Properties in the HPOZ carry strict preservation covenants but also qualify for Mills Act tax benefits, offering significant annual property tax savings.
MARKET CHARACTER:
Carthay Circle offers rare mid-city tranquility with tree-lined streets, no overhead wires, and pristine vintage architecture. Bordered by Beverly Hills, Miracle Mile, and the Wilshire corridor, it delivers prime location with quiet residential charm. The community is highly engaged with an active neighborhood association and celebrated annual events.
INVESTMENT HIGHLIGHTS:
✅ National Register of Historic Places (2022)
✅ Mills Act eligibility for tax savings
✅ Strategic location near Beverly Hills & Miracle Mile
✅ Strong schools (Carthay Magnet, Fairfax HS)
✅ Stable, affluent demographics ($163K avg household income)
With limited inventory, architectural significance, and exceptional location, Carthay Circle represents one of LA's most distinguished residential neighborhoods—appealing to buyers who value historic character, community, and long-term appreciation. 🏛️

📞 Interested in Carthay Circle's historic charm? Let's explore available properties!

01/11/2026

🏢 INGLEWOOD MULTIFAMILY INVESTMENT MARKET | Week of January 10, 2026
SALES MARKET STATS:

💰 Median Sale Price: $799,999 | Avg: $837,982
📊 Average Price per Unit: $259,500 - $292,300
🔥 Active Listings: 43 buildings for sale
💵 Price Range: $699K - $5.7M
⏱️ Days on Market: 55 days average
🎯 Cap Rate Range: 3.08% - 10.11%

MARKET HIGHLIGHTS:
Inglewood's multifamily market is experiencing explosive growth driven by proximity to SoFi Stadium, Intuit Dome, The Forum, and the future 2028 Olympics venues. This still-emerging market offers significantly better value than coastal alternatives like Santa Monica, with strong rental demand and major development momentum transforming the area into one of LA's hottest investment corridors.
INVESTMENT OPPORTUNITIES:
The market features diverse options from small duplexes and triplexes to 20+ unit apartment buildings. Many properties offer value-add potential with 30-70% rental upside, particularly in Northwest Inglewood near La Brea. Properties near entertainment venues command premium pricing and stronger rental performance.
WHY INGLEWOOD NOW:
✅ Entertainment capital transformation (SoFi, Intuit Dome, Forum)
✅ 2028 Olympics hosting venues driving long-term demand
✅ Strong rental fundamentals with historically low vacancy
✅ More accessible pricing vs. coastal markets
✅ Institutional investment flowing into the area
With robust rental demand, major infrastructure investments, and appreciation potential, Inglewood represents a compelling opportunity for both yield-seeking and growth-focused investors.

📞 Ready to explore multifamily investment opportunities in Inglewood? Let's discuss your investment strategy!

01/11/2026

🏢 SANTA MONICA MULTIFAMILY INVESTMENT MARKET | Week of January 10, 2026
SALES MARKET STATS:

💰 Average Price per Unit: $680,000 (vs. $420K LA metro avg)
📊 Cap Rates: 3.5% (among lowest in LA County)
🔥 Active Listings: 43 buildings for sale
💵 Price Range: $999K - $20.6M
📈 Sales Volume (Recent): $628M (well above historical avg)
⏱️ Days on Market: 39 days average

INVESTMENT HIGHLIGHTS:
Santa Monica's multifamily market commands premium pricing due to its coastal location, strong demographics, and area amenities. The median sale price is $1.9M with an average of $2.85M, reflecting the area's investment appeal. Properties range from small duplexes to larger apartment complexes with 20+ units.
CAP RATE RANGE:
Properties typically trade at 3.12% to 7.51%, influenced by tenant quality, lease terms, property condition, and location within Santa Monica. North of Wilshire and Ocean Park properties command the highest premiums.
MARKET DYNAMICS:
With 650 new units completing in 2026 and strong rental demand, Santa Monica remains one of LA's most competitive multifamily markets. Low vacancy rates and steady rent growth (2.2% YoY) support investor confidence despite compressed cap rates.

📞 Interested in multifamily investment opportunities in Santa Monica? Let's discuss your portfolio strategy!

01/11/2026

📍 ENCINO MARKET SNAPSHOT | Week of January 10, 2026
CURRENT MARKET STATS:

📈 Median Sale Price: $1.6M (↑11.7% YoY)
📊 Price per Sq Ft: $621
🏡 Active Listings: 202 homes
⏱️ Days on Market: 70-78 days
🔥 Homes Sold (Dec): 224 (↑15% vs last year)

MARKET VIBE:
The Encino market is moderately competitive with steady buyer demand. Well-priced homes are attracting serious interest, especially properties with modern updates and strong staging. Sellers who price strategically are seeing solid results, while buyers have slightly more negotiating room than in peak years.

WHAT IT MEANS FOR YOU:
✅ Sellers: Quality presentation matters! Homes that are priced right and staged well continue to move confidently in this market.
✅ Buyers: 2026 offers improved opportunities with better inventory and more predictable conditions than recent years.

The Valley market remains strong—with moderate price appreciation and steady sales activity expected through the year. 🏠✨

📞 Questions about buying or selling in Encino? Give me a call or DM me now!

# wesellresidential2

10/25/2025

Grabbing a few beers, great food, & watching the Huskies during Parents Weekend at UW.

10/07/2025

10/03/2025

07/27/2025

📣 Brokers' Caravan | Tuesday, July 29 from 11am-2pm 📣 ⁠
⁠
📍1334 Pine Street, Santa Monica, CA 90405
🛏3 bedrooms
🛁2bathrooms
📐1,652 SqFt⁠
Offered at $2,395,000⁠
⁠
Austin Chen, REALTOR® | Keller Williams Beverly Hills⁠
DRE #: 01898306

03/26/2025

Please click here to donate: https://gofund.me/d7ac1c25

In January, my daughter created this GoFundMe page for my uncle b/c the guest house he leased, along with everything he owned, was burned to the ground in the catastrophic Palisades Fire. Sadly, he lost EVERYTHING. We are blessed that Uncle Mike has been able to stay with my parents for the past two months and we continue to support him during this devastating life event. That said, he still needs to find a permanent housing solution and we need your continued donations & support so he can find a new place to rent. Please help my uncle by donating funds &/or sharing this link on your social media. Thank you. 🙏💙💪