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February 2018 | Real Estate Minute

Hello and welcome to the real estate minute. I’m your host Ivan Estrada with Ivan Estrada properties at Douglas Elliman coming to you from beautiful sunny UCLA. And in this real estate minute it’s all about the local, national and international real estate market where to get the deals in the top three most expensive neighborhoods in the country. So, the real estate minute is going to work like this. There are three segments, one minute each, three minutes total. Let the real estate minute begin.

As the Los Angeles real estate market continues to rise, LA residents are looking for alternative neighborhoods where they can find a single-family home under the 1-million-dollar price point. Here’s three of my favorite neighborhoods. The first one is Highland Park located Northeast Los Angeles medium price points about $700,000 for a mid-century or traditional style type of home. You have York Boulevard with tons of restaurants, shops and antique stores. Now, if you want to live a little bit more north of that when you have Eagle Rock. Eagle Rock is bordered by Glendale, Pasadena and Highland Park. Medium-price point in this area is about $800,000 for traditional or Gregorian style type of home. Now if you want to be a little bit more centrally located then you have Faircrest Heights. Located in the Pico-La Brea area. Medium-price point in this area is about $900,000 for a beautiful Spanish for traditional-style home. It’s very walkable, great for pets and family. And also close to freeways and transportation.

Los Angeles, New York and Miami have a lot in common. First of all, there’s a Douglas Elliman in every location and they’re also three of the most desirable cities to live in the entire country. Now something that they don’t have in common is their home value. So, let’s head over to New York coming in at number one is flat iron at 4.4 million dollars medium-price point. Coming in at number two is Tribeca at 4.2 and lastly is Central Park South at three point nine million dollars. Let’s fly over to Florida coming in at number one at Fisher Island. It’s three point seven million dollars. Coming in at number two is Doral at 2 million. And lastly, it’s Key Biscayne at 904 thousand dollars. Now, here’s the big one coming back to Los Angeles. Coming in at number one is Malibu Colony at fifteen point seven million dollars. Coming in at number two is Trousdale Estates in Beverly Hills at 8.4 and lastly Cove Colony in Malibu for 8 million dollars.

Owning waterfront property in the States can be quite expensive, especially if you’re looking in Los Angeles, Miami or New York City. Now, let’s think outside of the box. Let’s go to Portugal. Algarve, Portugal has beautiful condominiums with beautiful cliffside and ocean views for about

$215,000. There’s no foreign restrictions on these properties so you could buy it and also rent it out when you’re not in the area. Now if Mexico’s more your speed, how about Puerto Vallarta, Mexico? You can find a new construction condo with ocean views for about three hundred fifty thousand dollars with no rental restrictions. So, when you’re not in town, you can make some money and actually pay it off. Now if the Mediterranean is more of your style, how about the three-island chain of Valletta Malta. You can find a condominium for about a hundred and

sixty-two thousand dollars or a single-family home for about two hundred fifty-six thousand dollars with ocean views and also some of the best food in the entire Mediterranean.

Thank you so much for watching this episode of the real estate minute for the month of February. I’m checking out from the heart of UCLA. If you liked the episode comment, like it, share it. Don’t forget to follow me on Facebook, Instagram, YouTube and Twitter and Ivan Estrada properties. I’ll see you next time.

About Ivan Estrada Properties: Ivan Estrada and his elite team of real estate agents are dedicated to providing an unforgettable experience in finding your dream home in Beverly Hills and other areas in Los Angeles County. Call us today at 323.574.2317 or contact us here