Marc Gaspard Real Estate

Marc Gaspard Real Estate This is my FB Real Estate page where my friends and associates can discuss RE questions and share information.

New listing in inglewood. Duplex 2, 3bd, 3ba. Let me know if anyone is interesred.
10/18/2022

New listing in inglewood. Duplex 2, 3bd, 3ba. Let me know if anyone is interesred.

I have an off market listing in Reseda Ca. for a couple of weeks. I’m looking for an individual or couple that I can rep...
02/23/2022

I have an off market listing in Reseda Ca. for a couple of weeks. I’m looking for an individual or couple that I can represent in this deal. If you’ve experenced trying to purchase a home in today’s market you already know how hard it can be. That won’t happen here if selected. There is not alot of upside value, so investors and flippers need not call, however we have priced it with that in mind at $640k. If interested 818 481-6203.

L.A. COUNTY PROPERTY VALUES GROW RECORD $94 BILLION TO $1.6 TRILLION ALL-TIME HIGH; L.A. CITY REACHES $653 BILLIONThe 20...
07/15/2019

L.A. COUNTY PROPERTY VALUES GROW RECORD $94 BILLION TO $1.6 TRILLION ALL-TIME HIGH; L.A. CITY REACHES $653 BILLION

The 2019 Assessment Roll comprises 2.57 million real estate parcels and business assessments, including 1,878,470 single-family homes, 249,972 apartment complexes, 248,109 commercial and industrial properties, and more than 200,000 business property assessments. Below are additional highlights from the 2019 Assessment Roll:

Cities with the greatest percentage growth:

Inglewood: 25.7%
Vernon: 13.2%
West Hollywood: 11.6%
Santa Fe Springs: 9.3%


Cities with the greatest amount of growth:

Los Angeles: $41.7 billion
Long Beach: $3.1 billion
Santa Clarita: $2.5 billion
Inglewood: $2.4 billion


Cities with the highest total assessed values:

Los Angeles: $652.9 billion
Long Beach: $60.2 billion
Santa Monica: $39.5 billion
Beverly Hills: $36.6 billion


A listing of assessments and parcel counts by city can be found at assessor.lacounty.gov/news. For more information, visit opendata.lacounty.gov or call 213/974-3101.

Los Angeles County Office of the Assessor NewsCounty of Los Angeles

I recently sold these 2 properties for a man who wanted to retire and move to Lake Havasu AZ. I'm proud to say that he n...
07/01/2019

I recently sold these 2 properties for a man who wanted to retire and move to Lake Havasu AZ. I'm proud to say that he now lives in Arizona trying to find things to do with his time. Please let me know if I can help you with your real estate.

Open House tomorrow in Quartz Hill. Click on link for details.
06/08/2018

Open House tomorrow in Quartz Hill. Click on link for details.

Great new listing. 3800 sq ft home in Quartz Hill. Solar panels, big loft, pool and plenty of room for family. Contact m...
05/31/2018

Great new listing. 3800 sq ft home in Quartz Hill. Solar panels, big loft, pool and plenty of room for family. Contact me if your interested.

3800 Sq Ft home in Quartz Hill, 4 bed, 3 bath, pool, solar, loft. Beautifully decorated for sale. Contact me if interest...
05/31/2018

3800 Sq Ft home in Quartz Hill, 4 bed, 3 bath, pool, solar, loft. Beautifully decorated for sale. Contact me if interested.

The homeless in L.A. are not who you think they are. By THE TIMES EDITORIAL BOARDFEB 26, 2018Many people think of homele...
02/26/2018

The homeless in L.A. are not who you think they are. By THE TIMES EDITORIAL BOARD
FEB 26, 2018

Many people think of homelessness as a problem of substance abusers and mentally ill people, of chronic skid row street-dwellers pushing shopping carts. But increasingly, the crisis in Los Angeles today is about a less visible (but more numerous) group of “economically homeless” people. These are people who have been driven onto the streets or into shelters by hard times, bad luck and California’s irresponsible failure to address its own housing needs.

Consider Nadia, whose story has become typical. When she decided she had to end her abusive marriage, she knew it would be hard to find an affordable place to live with her three young children. With her husband, she had paid $2,000 a month for a three-bedroom condo in the San Fernando Valley, but prices were rising rapidly, and now two-bedroom apartments in the area were going for $2,400 — an impossible rent for a single parent who worked part time at Magic Mountain.

For months she hunted while staying with family and friends. She qualified for a unit in a low-income housing project, but the waiting list was two years long. She obtained a federal Section 8 voucher to subsidize the rent in a market-rate apartment, but landlord after landlord refused to accept Section 8, or charged a rent that was too high to meet the federal government’s unrealistically low “fair-market rent” limit.

Nadia and her rambunctious young kids eventually wore out their welcome at the houses where they were staying. They found themselves left with little choice, with neither a place of their own nor a friend to fall back on. Last summer, they took refuge at San Fernando Valley Rescue Mission’s shelter for homeless families.

Left, Nadia reads a bedtime story to her son, Sebastian. Right, Nadia's children in the dining room of the San Fernando Valley Rescue Mission’s shelter for homeless families. (Los Angeles Times)

Nadia and her children are among the economically homeless — men, women and, often enough, families, who find themselves without a place to live because of some kind of setback or immediate crisis: a divorce, a short-term illness, a loss of a job, an eviction. In many cities across the nation, these are not necessarily problems that would plunge a person into homelessness. But here they can. Why? Because of the shockingly high cost of housing in Los Angeles.

For decades, Southern California — stuck in a low-density, single-family, not-in-my-backyard 20th century mindset — has failed to build enough housing to keep up with population growth and demand. Rents are at an all-time high. Stagnant incomes and a shortage of middle-class jobs mean there are more people struggling. The government safety net hasn’t grown to catch all the people in need, nor has public sympathy always been on their side. In 2006, Los Angeles voters rejected a $1-billion bond to create 10,000 residential units for low-income and homeless people, thus exacerbating the housing shortage.

WITHOUT A HOME
They’re part of the Los Angeles streetscape, as familiar as the swaying palm trees and idling traffic, living under freeways, alongside riverbeds and on canyon hillsides. The mentally ill, the drug addicts, the economically disadvantaged, many with their life belongings in a backpack or shopping cart. In this ongoing series, Without a Home, The Times is examining the crisis of homelessness in our region. Full coverage

Today, we are paying the price: The economically homeless are now estimated to make up more than half of L.A.’s unhoused — and it is their rising numbers that are fueling the unprecedented growth in that population. More than half of the people surveyed by the Los Angeles Homeless Services Authority last year said they were homeless because of an eviction, foreclosure, unemployment or “financial reasons.”

In just six years, the median rent for a one-bedroom apartment in Los Angeles County has increased 67%, from about $1,200 to $2,000, according to Zillow’s Rent Index. The median household income during the same period increased only 23%, from $52,280 in 2011 to $64,300 in 2017.

Today, 1 in 3 renters in the Los Angeles metropolitan area is considered “severely rent burdened,” meaning they spend at least half their income on housing. Los Angeles County is the most unaffordable region in the country for the poorest renters, according to the U.S. Department of Housing and Urban Department. To understand just how thin the line is between those with a place to live and those without, consider a study conducted by Zillow estimating that a rent increase of 5% in Los Angeles County would push 2,000 people into homelessness.

Guadalupe Linares is an example of someone who teeters on the edge. She and her two children moved out of a $600-a-month illegally converted garage after a rat bit her son. But the one-bedroom she found cost twice as much, forcing her to take on long hours in multiple jobs, including cleaning houses and working in restaurants. Her 17-year-old daughter, Mariana, who had been thinking about a career in medicine, began missing school to help her mom clean houses from 7 a.m. to 11 p.m. — which required her to transfer to an independent study program through the school district. She quickly learned that the program is full of kids putting their ambitions on hold while they work to help keep their families housed.

This cannot be Los Angeles’ future.

Guadalupe Linares prays with her children before bed. Her 17-year-old daughter, Mariana, cleans a home for extra income. (Los Angeles Times)

To end the housing shortage that is driving rents to unaffordable levels, Los Angeles County and its cities have to allow construction. A lot of it. We’re not talking, in this instance, about permanent supportive housing for chronically homeless people — that sort of housing (which includes access to social services and substance abuse and mental health treatment) is absolutely essential and is being built under Measure HHH in Los Angeles. The economically homeless need something else: affordable housing that offers below-market rents for low-income people. And regular market-rate housing as well that will increase the supply and help bring down rents for everyone.

Since 1980, far fewer homes have been built than are needed to meet population growth in the county, according to the Southern California Assn. of Governments, and now the county has a deficit of nearly 1 million housing units. The vast majority of the 88 cities in the county are not adding enough market-rate and affordable housing to meet their fair share of the region’s growth.

Sure, there are some legitimate excuses — land costs are high and environmental concerns have slowed development. But far too often, residents and elected officials act on their worst NIMBY instincts to block or restrict housing in the name of preventing traffic and density and protecting neighborhood character. One Torrance city councilman argued against building new homes, saying, “A city should be allowed to say we’re full.”

No — a city cannot say it’s full. Too many people are clinging to an old vision of Southern California, when orange groves were plowed under for single-family subdivisions, wide avenues and freeways. Today, those ranch homes cost $1 million and more, the roads are clogged and working-class families can end up living in their cars. The region must build denser and taller to make space for the people who are already here. That doesn’t require Dubai-style skyscrapers; it can mean more townhomes and four-story apartment buildings and high-rises near transit.

A city cannot say it’s full. The region must build denser and taller to make space for the people who are already here.”

The state passed new laws last year to pressure cities to accommodate more housing and to streamline approvals in communities that have failed to keep up with population growth. California lawmakers also approved new funding for affordable housing and gave cities the authority to enact inclusionary zoning laws, which require that affordable units be built in market-rate housing developments. These are positive steps, but the state should adopt even more aggressive mandates if cities continue to throw up hurdles. In some cases, this will change the look, feel and character of cities. But that’s an inevitable result of population growth.

Of course, it will take years to catch up on housing construction. In the meantime, rent hikes and evictions will continue. That’s why policymakers must make the prevention of homelessness a cornerstone of their efforts. To that end, Los Angeles County plans to use Measure H funds to provide temporary rental assistance to help people on the brink of losing an apartment. It’s easier and cheaper to keep people in housing than to help them off the street after the fact.

The county is also funding legal services to help poor renters fight eviction or to help them qualify for relocation assistance. Fewer than 1% of renters facing eviction have lawyers. Cities should also consider passing laws to require that landlords show “just cause” to evict.

The federal government has not done enough. HUD should significantly increase funding for the Section 8 voucher program in Los Angeles County, taking into account the high cost of housing here. Section 8 rental vouchers are pegged to HUD’s “fair-market rents,” which are often substantially less than actual market rents.

Ultimately there has to be a recognition that every new apartment unit rejected is a family denied an affordable place to live. Just as Los Angeles voters were willing to say yes to higher taxes for homeless housing and services, they have to be willing to say yes to the housing construction in their neighborhoods. That will, over time, alleviate the shortage.

Nadia and her children head back to their room in San Fernando Valley Rescue Mission. Nadia notes that it is not laziness or drinking or drug abuse that’s plunging so many people into homelessness. It’s the lack of affordable housing.

After moving into the shelter she began working full time at a big insurance company doing data entry to save money for an apartment. Few co-workers knew she was living in a shelter.

Nadia said, “Nobody’s probably looking at me and saying, ‘That woman is homeless.’ And I’m willing to bet a lot of them would be surprised.”

Could someone you be next?

I think its way past the time that you should get into the Real Estate Market. Below is an article that shows what your ...
02/15/2018

I think its way past the time that you should get into the Real Estate Market. Below is an article that shows what your money can get you these days around LA. Sometime's these rents are as much as a mortgage and they are constantly going up. So if you think your safe... your not. Soon as your building gets sold to a new owner they will be raising the rent and it may be more than you can afford. Take a look the stories below:

Curbed Comparisons: What $2,150 rents you in LA right now

Remodeled apartments and vintage gems in Mar Vista, Mid-Wilshire, Burbank and more
By Bianca Barragan Feb 14, 2018,

Welcome to Curbed Comparisons, where we explore what you can rent or buy for a certain dollar amount in various LA ‘hoods. We’ve found five rentals within $100 of today’s price, $2,150.

Mid-Wilshire
Mid-Wilshire is dotted with gorgeous 1930s Spanish Colonial Revival-style apartment buildings; here’s your chance to live in one. This one-bedroom, one-bathroom apartment is one of just eight units in the building. Hardwood floors, crown molding, and French doors that open onto the complex’s courtyard are just a few of the vintage touches here. Rent is $2,095.

Mar Vista
This Mar Vista one-bedroom holds new stainless steel appliances, a dishwasher, stone kitchen counters, laminate wood floors, and parking. The building sits right on Venice Boulevard. The apartment rents for $2,150.

Koreatown
Just south of Koreatown, this vine-covered Pico-Union apartment building is on a nice street of buildings that appear to be similarly old and similarly well-maintained. The two-bedroom unit up for grabs here offers hardwood floors, granite counters, a dishwasher, and a gated parking spot. It rents for $2,195.

South Pasadena
Roughly four blocks from the South Pasadena Gold Line Station, this cottage appears to be a sort of back-house (though it has its own address) on a long lot with a driveway that cuts through it. The whole unit has been updated to feature quartz counter tops, stainless steel appliances, and French doors to a private rear yard-type space. The cottage also has central air conditioning. It rents for $2,250.

Burbank
Located on the ground floor of a fourplex in Burbank, the two-bedroom apartment for rent here has a recently remodeled kitchen and one recently redone bathroom. The 850-square-foot apartment also has parking in a one-car garage. It rents for $2,095.

How much does it cost to rent in LA?Prices haven’t budged much since the summerBy Elijah Chiland  Feb 2, 2018Los Angeles...
02/07/2018

How much does it cost to rent in LA?

Prices haven’t budged much since the summer
By Elijah Chiland Feb 2, 2018

Los Angeles rental prices went nowhere in January, remaining exactly where they were a month before, according to a new report from Apartment List.

Citywide, the median cost of a one-bedroom apartment is $1,340 per month, while two-bedroom rentals fetch $1,730.

Rents have shot up four percent since this time last year, says the report, but prices have actually dropped off a bit since August, when they hit $1,350 for a one-bedroom and $1,740 for two-bedroom units.

Since then, rental prices haven’t budged much—a trend some market analysts think will continue in the coming year.

Still, those monthly payments are by no means cheap. Apartment List notes that the cost of rent in Los Angeles has easily outpaced the U.S. average over the past year, and that a typical two-bedroom apartment in the city commands a price tag nearly $600 higher than the nationwide median of $1,160.

Apartment List relies on U.S. Census data to calculate rental prices, meaning that these numbers give a good sense of what residents are paying now. But for newcomers to the city and those looking for a change of scenery, these prices may seem lower than what’s showing up on listing sites and through other apartment hunting resources.

To give a sense of what renters surveying the market can expect to find, CoStar provided Curbed with its own calculation for average asking rent in the greater Los Angeles area. By this metric, one-bedroom apartments cost about $1,804 per month—a 3.4 percent increase over this time last year.

A low vacancy rate is one reason why Los Angeles rents are increasingly unaffordable for many residents. CoStar calculates that just 3.7 percent of rental units in the area are now sitting empty.

Yellen Says Prices `High for Stocks.  Outgoing Federal Reserve Chair Janet Yellen said U.S. stocks and commercial real e...
02/05/2018

Yellen Says Prices `High for Stocks.

Outgoing Federal Reserve Chair Janet Yellen said U.S. stocks and commercial real estate prices are elevated but stopped short of saying those markets are in a bubble.

“Well, I don’t want to say too high. But I do want to say high,” Yellen said on CBS’s “Sunday Morning” in an interview recorded Friday as she prepared to leave the central bank. “Price-earnings ratios are near the high end of their historical ranges.”

Commercial real estate prices are now “quite high relative to rents,” Yellen said. “Now, is that a bubble or is it too high? And there it’s very hard to tell. But it is a source of some concern that asset valuations are so high.”

Yellen, 71, stepped down as Fed chief on Saturday after one term, after President Donald Trump opted to replace her with Republican Jerome Powell, who’s been a Fed governor since 2012.

“I made it clear that I would be willing to serve, so yes, I do feel a sense of disappointment” about not being renominated, Yellen said. The only woman to serve as the head of the U.S. central bank described her work at the Fed as “the core of my existence.” Yellen said she’s supportive of former investment banker Powell, 64, whom she termed “thoughtful, balanced, and dedicated to public service.”

Greater Resilience
The financial system is now “much better capitalized” and the banking system “more resilient” than they were entering the global financial crisis a decade ago, Yellen said.

“What we look at is, if stock prices or asset prices more generally were to fall, what would that mean for the economy as a whole?” Yellen said. “And I think our overall judgment is that, if there were to be a decline in asset valuations, it would not damage unduly the core of our financial system.”

Yellen’s final act at the Fed was to hit one of the largest U.S. banks, Wells Fargo & Co., with an unusual ban on growth that follows the San Francisco-based lender’s pattern of consumer abuses and compliance lapses.

In the interview that aired Sunday, she warned that it would be a “grave mistake” to roll back the regulations put on banks after the previous economic collapse.

The current U.S. economic expansion is now approaching nine years and is the third longest in duration since 1945, according to the National Bureau of Economic Research. Yellen said the economy can continue to grow. “Yes, it can keep going,” she said. “Recoveries don’t die of old age.

Here's something that's funny but damm... if it works why not.This is the real estate agent behind the $250 taco home-bu...
01/30/2018

Here's something that's funny but damm... if it works why not.

This is the real estate agent behind the $250 taco home-buying perk
By Amanda Cochran - Social Media Producer
Posted: 3:21 PM, January 29, 2018

HOUSTON - A Houston real estate agent is celebrating after selling the Cypress home that came with a now-viral taco incentive.

Nicole Lopez, of Intero Real Estate Services, said she has a buyer who will claim the $250 worth of tacos, as promised on her sign, at closing.

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“The buyer is definitely going to get the tacos,” Lopez said. “He’s planning a taco party at the end of February.”

Lopez told KPRC 2 the home sold to a real estate agent shortly after the sign appeared on a meme page called Shut the Front Door.

“It was the best investment in a $60 sign ever,” Lopez said. “Literally ever.”

Lopez explained she and her all-female team "love to eat.” “Tacos just seemed like a really good idea at the time,” she said with a laugh.

Since a photo of her sign went viral on Facebook, Lopez said she’s been inundated with calls from around the country and Canada.

Lopez said she expects copycats now that the approach has proved successful. She said she may have to market herself now as “the original taco Realtor.”

“We’ll take (imitation),” she said. “If it helps people sell homes, we’re all for it.”

Oh, and just for the record, the seller has two ways to dish out the taco realty deal: The seller can provide a credit at closing for the “non-realty item” of tacos or an addendum will be written for $250 toward the closing costs to cover the taco perk.

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