Brigitte Handler Commercial and Residential Real Estate

Brigitte Handler Commercial and Residential Real Estate Brigitte Handler Realtor ® Keller Williams Studio City
@ The Handler Group
Redefining Real Estate th

10/05/2021

Despite optimism from people listing their homes for sale, pending sales and new listings followed expected seasonal slowdowns. Mortgage rates are starting to creep up, which could let some steam out of the market.

07/13/2021

Pandemic Gives Way to Americans Relocating:
While the number of people moving in the U.S. has been on the decline since the ‘80s, the COVID-19 crisis has caused a shift. Americans are now moving more often than they have in the past 30 years, and a key factor for the change is the ability to work remotely. With remote jobs often equating to higher income and the ability to live anywhere, people are now beginning to relocate to places they really want to be

03/19/2021

Market Update
Supply and Demand.
Housing inventory sits at a record low. Severe weather has further shrunk the supply. In January & February 2021, new listings are down more than 200,000 compared to the previous years’ average. Resulting in home prices up 10% year over year, and more than 50% of homes are selling within their first two weeks on the market.
Many buyers and sellers have a fear that they will pay more for their new home, even if some sellers are downsizing. The question is what to do?, and how?

Many buyers-to-be have the financial strength to get preapproved for a second mortgage. By doing so, it will allow them to make offers on new homes that are not contingent on the sale of their current home. This will place them in a strong competitive position relative to other buyers.

Another way is to invest in the home with a high-likelihood of earning more money back as equity, depending on the improvements made.
Speaking with your Realtor early about home upgrades can allow many sellers to exit with more, thus reducing the impact of price increases on them as a buyer.

GLENDALE VALUE-ADD CREATIVE SPACES & RECORDING STUDIOS COMPOUND FOR SALE - 5% CAP RATEIncome-producing property with ren...
09/09/2020

GLENDALE VALUE-ADD CREATIVE SPACES & RECORDING STUDIOS COMPOUND FOR SALE - 5% CAP RATE

Income-producing property with rent upside for this one-story stand-alone building with 7,318 square feet comprising 10 suites.
All 10 suites are rented. All tenants pay their rent and are on a month-to-month basis.

*4 Recording Studios:
One of the 4 recording studios is a 1,700 SF High Tech Professional Audio Recording Studio compound, which is value-add since the build-out cost of $650K is NOT added to the building ask price. This 1,700 SF Professional Audio Recording Studio will be delivered vacant at the close of escrow
* 4 Creative Spaces/offices
* 2 Flex/creative-spaces/warehouses (1,600 SF & 1,450 SF) suitable for Film/TV/videos production &/or post production.

It is a stable and strong investment considering the i. 5% CAP RATE, ii. the building recently being updated, iii. the value-add from the solar system, iv. the value-add for the 1,700 SF professional audio recording studio build-out cost of about $650K., v. and the rent upside.

$2,975,000.00
Current CAP 5.00%
Cash-flowing office/flex investment opportunity with income stream and rent upside
10 suites:
Value-add: Includes a 1,700 sf Professional Audio Recording Studio, built-out cost over $600K -
Value-add: Solar System/Panels on Roof
Building recently renovated
Camera System
Secure, security building
Clean, Quiet, Business Atmosphere
Low maintenance building,
The 1,700 square feet professional recording studio will be delivered vacant at close of escrow.

Proof of Funds will be required for all prospects before visiting property
All suites will be open to visit with an accepted LOI or an accepted offer.

Address

4061 Laurel Canyon Boulevard
Studio City, CA
91604

Telephone

+13108010705

Website

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