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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

Church Property For Sale $2,900,000

August 16, 2022
10335 La Tuna Canyon Road
Sun Valley, CA 91352
Brochure
Drone Tour
Sanctuary Tour
Sunday School Tour
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.

OFFICE BUILDING FOR SALE $4,750,000

August 13, 2022
1480 Colorado Boulevard
Los Angeles, CA 90041
Brochure
This is an outstanding opportunity to purchase a multi-tenant office building in Eagle Rock, one of the most desirable neighborhoods in Los Angeles. The property is 14,090 square feet of building on 15,364 square feet of land. The building is currently configured with 14 individual suites. With relatively short-term leases in place, the suites can be combined such that an owner-user could occupy all or a portion of the building. Alternatively, the property can be operated as it is currently configured as a great multi-tenant, office investment. The building is situated near Occidental College with excellent access to the 134 Freeway and amenity rich Old Town Pasadena. 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.

OFFICE BUILDING FOR SALE $8,395,000

August 09, 2022
4515 Ocean View Boulevard
La Cańada Flintridge, CA 91011
Click here for brochure
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