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August 09, 2022
4515 Ocean View Boulevard
La Cańada Flintridge, CA 91011
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This is a rare opportunity for an owner-user to purchase a garden office building in La Cańada Flintridge (which has less than ten office buildings larger than 10,000 square feet in the entire city). The building is 18,840 gross square feet on 29,437 square feet of land (per Assessor) with 45 parking spaces. In this three-story building, the buyer has the ability to occupy the entire 3rd floor which consists of 13,060 rentable square feet of bright, window offices with views of downtown Los Angeles and the surrounding basin as well as the mountains. For more information, contact Kris Hons x127 or Randy Stevenson x155 at (818) 956-7001. Kris Hons DRE #: 01807261. Randy Stevenson DRE #: 01228475. Stevenson Real Estate Services DRE #: 00983560.

Consumer prices rose by 8.5% year over year in July as the summer of inflation wears on

August 08, 2022

A key measure of inflation, the Consumer Price Index, remained near 40-year highs for another month, even as the Federal Reserve tries to slow down demand. Full story

House For Sale PRICE REDUCED $1,285,000!

August 07, 2022
5048 Cartwright Avenue
North Hollywood, CA 91601
Three bedrooms + two bathrooms
1,637 SF of building on 6,250 SF of land
Virtual Tour
View on Zillow:
For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

Jobs report: U.S. economy adds 528,000 jobs in July, unemployment rate falls to 3.5%

August 05, 2022

The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession. Full Story

SOLD FOR $849,000!

August 01, 2022
Single Family Residential Property
5631 Murietta Avenue
Van Nuys, CA 91401
Well-located, 3-bedroom, 2-bathroom house in the Valley Glen neighborhood; large living room with fireplace, dining area, family room off of the kitchen, back patio with private, fully fenced yard, ample side yard; the house has hardwood floors (not throughout); 2-car garage is accessed from the alley at the back of the property; central heating and air conditioning. For more information, contact Randy Stevenson x155 or Kris Hons x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

Los Angeles extends ban on evictions, despite pleas from landlords

July 28, 2022

Landlords are frustrated with the eviction moratorium, which has been in place for more than two years. Full Story

Fed Hikes Interest Rates by 0.75 Percentage Point for Second Consecutive Time to Fight Inflation

July 27, 2022

Chair Jerome Powell said there will be a point where the Fed starts to slow hikes to assess their impact. Full Story

For Sale $635,000

July 22, 2022
Office/Retail Building
3971 Pennsylvania Avenue
Glendale, CA 91214
Virtual Tour
Hard-to-find, freestanding office/retail building in North Glendale! The building is approximately 804 square feet on 3,184 square feet of land and was completely remodeled in 2016 with attractive interior finishes. The space features great street visibility, rear patio space, and three on-site parking spaces. There is easy access to the 210 Freeway. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

SOLD FOR $1,719,500!

July 13, 2022

2015 – 2017 Montrose Avenue
Montrose, CA 91020
Patrick Long co-represented both seller and buyer in the sale of this commercial property consisting of three structures totaling approximately 2,484 square feet on 5,419 square feet of C2-zoned land. The front two structures total approximately 900 square feet, and the freestanding structure in the back is approximately 1,600 square feet. Located in the heart of the La Crescenta-Montrose community and bordering La Cañada Flintridge, the property is across the street from Montrose Shopping Park, a quaint village where there is an abundance of unique restaurants, retail shops and services. It is also in close proximity to the 210 and 2 Freeways providing easy access to Glendale, Burbank and Pasadena. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

Inflation Surges 9.1% in June

July 13, 2022

Inflation accelerated more than expected to a new four-decade high in June as the price of everyday necessities remains painfully high, exacerbating a financial strain for millions of Americans.  Full Story