Back HomeLand SOLD FOR $625,000
October 09, 2022
Longacre Avenue in Granada Hills
Patrick Long represented the buyer in the sale of this 215,186 square foot parcel. For more information, contact Patrick at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.
September Jobs Report: U.S. Job Growth Cools but Remains Solid
October 07, 2022
The U.S. added 263,000 jobs in September as the Fed pushed to cool the economy.
Wages continued to climb, keeping the Fed on course.
Markets fall as investors assess the state of jobs and inflation.
Employment grew across the economy, but is leveling off in several sectors.
The labor participation rate was little changed.
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LA City Council votes to end city’s long-standing COVID eviction moratorium
October 05, 2022
Los Angeles’ long-standing renter eviction protections due to COVID-19 hardship will be lifted at the end of January, the City Council decided unanimously Tuesday. Full Story
Multifamily Property For Sale $4,250,000
September 27, 2022
1044 Linden Avenue
Glendale, CA 91201
Eight units; wonderful opportunity to acquire a very well maintained multifamily income property in the Grandview neighborhood of Glendale; the property is comprised of eight two (2) bedroom, two (2) bathroom units of approximately 1,000 square feet each (8,000 square feet per Assessor on 7,926 square feet of land); the building was constructed in 1985; the units are separately metered for gas and electricity; new central hot water heater in 2018; new laundry machines (Speed Queen) in 2020; generous upside in rents; semi-subterranean parking garage striped for fourteen (14) parking spaces, but there are two (2) additional, parallel spaces that have been demarcated and are used by the tenants; all eight central HVAC units were replaced in the last twelve (12) months; roof replaced in 2020; new elastomeric deck system installed in 2020; sewer connection in the public right-of-way has been replaced; four (4) units upgraded in terms of flooring, countertops and cabinetry; located just south of Glenoaks Boulevard and east of Alameda Avenue near Downtown Burbank; less than 1/3 of a mile to Trader Joe’s and Walgreens; 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.
Multifamily Property For Sale $3,075,000
September 27, 2022
1048 Linden Avenue
Glendale, CA 91201
Eight units; wonderful opportunity to acquire a very well maintained multifamily income property in the Grandview neighborhood of Glendale; the property is comprised of four (4) two (2) bedroom, one (1) bathroom units and four (4) one (1) bedroom, one (1) bathroom units; the property is 7,529 square feet of building (per Assessor) on 7,822 square feet of land; the building was constructed in 1960; the units are separately metered for gas and electricity; new central hot water heater in 2019; new laundry machines (Speed Queen) in 2020; generous upside in rents; parking is six (6) spaces in three (3) two (2) car, closed garages off the alley; all windows replaced in 2017; roof replaced in 2015; copper plumbing throughout; sewer connection in the public right-of-way has been replaced; wall air conditioning in all of the units; two (2) units upgraded in terms of flooring, countertops and cabinetry; three (3) units with upgraded flooring; located just south of Glenoaks Boulevard and east of Alameda Avenue near Downtown Burbank; less than 1/3 of a mile to Trader Joe’s and Walgreens; 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.
Multifamily Property For Sale in Burbank $2,950,000
September 27, 2022
231 – 235 East Valencia Avenue
Burbank, CA 91502
Eight units; wonderful opportunity to acquire two (2) well maintained single-story, courtyard-style four (4) unit buildings situated on two (2) separate parcels in Burbank; each building is comprised of one (1) two (2) bedroom, one (1) bathroom unit and three (3) one (1) bedroom, one (1) bathroom units; the property is 5,004 total square feet of building (per Assessor) on 15,406 total square feet of land; the buildings were constructed in 1946; the units are separately metered for gas and electricity; individual hot water heaters and laundry hook-ups in each of the units; generous upside in rents; parking is eight spaces in eight single-car, closed garages off the alley; copper plumbing throughout; all windows replaced; hip roofs; some units upgraded in terms of flooring, countertops and cabinetry; located just south of Glenoaks Boulevard and east of Verdugo Avenue only 1/2 mile from Downtown Burbank; 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.
Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
September 21, 2022
Fed officials signaled the intention of continuing to hike until the funds level hits a “terminal rate,” or end point, of 4.6% in 2023. Full Story
Commercial/Restaurant Property SOLD FOR $6,300,000!
September 16, 2022
13311 Sherman Way
North Hollywood, CA 91605
Patrick Long represented the buyer in the sale of this two-story, 21,784 square-foot building on 18,880 square feet of land; zoning: CM-1 (Commercial Manufacturing); commercial kitchen, elevator, sprinklers, office space, warehouse garage and 2nd floor outdoor patio with panoramic views; private, gated parking lot with a total of 31 spaces including 13 covered indoor spaces; built in 1953 and renovated in 1980; located on the busy corner of Sherman Way and Fulton Avenue near the 170 Freeway. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.
Church Property SOLD FOR $2,800,000!
September 16, 2022
10335 La Tuna Canyon Road
Sun Valley, CA 91352
Patrick Long co-represented both the seller and buyer in the sale of this rare church property with two structures totaling approximately 6,780 square feet on approximately 89,913 square feet of A2-1-K zoned land! The sanctuary building (approximately 3,600 square feet) features three offices, two restrooms, a classroom, nursery, and sanctuary area with sound room. The Sunday School building (approximately 3,180 square feet) features a large open area, kitchen, four classrooms, two restrooms and a storage area. The property provides over 300 linear feet of street frontage on La Tuna Canyon Road with excellent visibility and signage. Also, the site provides three points of access from two streets on a large flat lot. Conveniently located near the 5 and 210 freeways with easy access to Burbank, North Hollywood and Glendale. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.
L.A. County approves phase-out of eviction moratorium by year’s end
September 16, 2022
Heeding calls from CAA and its members, the Los Angeles County Board of Supervisors has voted to phase out its COVID-19 eviction moratorium and launch a campaign to educate landlords and renters about the changes. Full Story
