RE/MAX Gateway
Mark Bolender
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RE/MAX Gateway
Santa Clarita, Santa Monica, West LA

Welcome Young Real Estate Investors, Where to Start?

Highrise that towers over Ocean Avenue.

High rise estate of the rich and famous in Santa Monica. Copyright by Mark Bolender

Perhaps you find yourself with a cache of surplus money that you wish to invest in the perfect property, suitable for flipping.  You will be delighted to know that Los Angeles is an ideal place to focus your search.  Here is a quick overview of our ideas on flipping foreclosures in this area…We have tried to illustrate the lowest starting price points and average price for typical neighborhoods with a good investment outlook. We have wrote this blog with the entry investor who is looking to start small.

In general, a foreclosed home receives 10-20 cash and conventional offers.  This leads to a significant wait time while the offers get “bid up”, eventually selling at a much higher price than listed for.  In addition, these homes are sold “without warranty”, which can lead to unforeseen future problems.  As such, there are other properties that are not foreclosures that could be a better deal in the Los Angeles area.  However, be assured that any list of available homes we generate for a particular area will include foreclosures and pre-foreclosures.

Regarding the range of prices for these homes, here is a sprinkling…

LA, Santa Monica skyscape

Santa Monica Cityline Over Beach Copyright by logoboom.

On the “Westside”, in places like Santa Monica, Mar Vista and West Los Angeles, a 1 bedroom condo/townhome will start around $500,000, but most good ones are over $800,000.  Occasionally, a property appears for less on the internet,  but usually these  lower priced homes are  for investors and are generally “non-owner occupied only”, where current tenants can remain there indefinitely.

An exciting, niche area, home to Sony, MGM, NPR West and the NFL studios, called Culver City, has 2 bedroom condo/townhomes for around $400,000.

Less desirable areas of West Los Angeles, like the infamous Compton 🙂 do have single family homes in the $300,000 range but living there can have its challenges.

An area in “The Valley”, the San Fernando Valley, called Woodland Hills, has 2 and 3 bedroom townhomes for $250,000-350,000.  These properties bring in rents of $2200-2400/month.

The picturesque city, known as the Santa Clarita Valley, about 29 miles north of LA, has townhomes for $250-300,000, strategically located near the town center mall and industrial park, close to many employment opportunities.

North of there, in the sprawling, diverse communities of the Antelope Valley, there are single family homes in the $350,000 range.  In the deserts, like Palm Springs and Joshua Tree, there are homes and condo/townhomes between $200-$500,000.

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About Us

Picture of Mark Bolender

Mark Bolender

Cal BRE# 01065007

markbolender@remax.net

661-714-0510661-714-0510 mobile

Mark Bolender is one of Los Angeles county's dynamic Realtors, and has faithfully served his residential clients for 25 years. He educated himself consistently over this time, while honing his sale's and negotiation skills. Not only does Mark have a Broker license, he is also certified to work with residential clients (CRS), and a graduate of the Realtor Institute (GRI). Mark Bolender specializes in the independent cities of Santa Monica and Santa Clarita as well as the West Los Angeles areas. Mark can be found at the corporate offices in Valencia and Stevenson Ranch, and also a boutique satellite office in Santa Monica, near the beach. You can quickly sum Mark's personality up like this, he treats everyone the same no matter who the person is. What this means is that Mark Bolender is kind, honest and diplomatic to all, while treating everyone to his savvy negotiating and coordinating expertise. When people meet Mark, they feel at ease, sensing that he is present and mindful because he always listens. He is both charming and formidable, managing to stay positive and offer solutions at all times. For many, throughout Los Angeles, Mark remains a valuable member of their financial team, year after year. Please notes that photos in slide show that are shown in 3D are being used with permission from Shutterstock. These photos and all other artwork in this website have copyright protection. Do not download or use these or any images. Thank You!