Santa Monica Property Blog

SANTA MONICA’S GOAL IS TO BECOME ONE OF THE FIRST NET ZERO CITIES

What is a Net Zero Energy City ?

You’ve heard  that Santa Monica’s Goals to to become a Net Zero Energy City - but what doe that mean?

“Integrating the installation of energy efficiency, solar, and clean distributed generation throughout Santa Monica over the next 15-20 years can result in the onsite generation of enough power to meet the net annual electricity requirements of the city and may even allow the community to become a net exporter of electricity.  Thus, Santa Monica would become a “net zero” energy city.”  -  

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POLICE DEPARTMENT UPDATE

 In case you were wondering who happen to be your local law enforcement officers roaming aroung Ocean Park…

SANTA MONICA REAL ESTATE SALES TRENDS - MARCH 2008

We were checking out http://www.altosresearch.com/  a link that Zoe Schulman from Fidelity National Trust gave us, and we came up with some really interesting information on Santa Monica real estate sales trends.

Info courtesy of http://www.altosresearch.com/

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santa monica statistics edit - 16 March 2008

SANTA MONICA REAL ESTATE SALES TRENDS - MARCH 2008

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VOTE FOR YOUR FAVORITE PROPOSAL TO TURN AROUND THE HOUSING MARKET

VOTE FOR YOUR FAVORITE PROPOSAL TO TURN AROUND THE HOUSING MARKET
 

Which proposal is your favorite solution for the housing crunch? This article from the Associated Press offers several solutions from various members of our government: 

“Anything that can be described as a bailout is going to be dead-on-arrival, so how these proposals are framed is critical to whether or not they even have a chance at enactment,” says Jaret Seiberg, a financial services policy analyst with Stanford Group. “It has to be framed as a short-term rescue for the housing market and the economy and not as a way to help individual lenders or investors.”
 

Here are the five most prominent plans for propping up, rescuing, freezing, and throwing a lifeline to the housing market:
 

1.      Rep. Barney Frank: Give the Federal Housing Administration $15 billion to buy up loans and refinance them at lower rates, and give state and local governments $10 billion in grants to buy up foreclosed properties.
 

2.      Sen. Christopher Dodd: Create a new Federal Homeownership Preservation Corp., funded with up to $20 billion, to purchase distressed loans and help struggling home owners to refinance.
 

3.      Treasury Secretary Henry Paulson: Encourage the banking industry to freeze interest rates for five years for some borrowers, and give some home owners a 30-day reprieve from foreclosures.
 

4.      Senate Majority Leader Harry Reid and other democrats: Let bankruptcy judges reduce the obligations of borrowers unable to pay their mortgages, and spend $4 billion to buy and fix up foreclosed homes.
5.      Office of Thrift Supervision: Allow about 8 million home owners who owe more than their homes are worth to refinance into government-backed loans, giving lenders the ability to share some of the gains if the home is eventually sold at a higher price.
 

Source: The Associated Press, Alan Zibel

6.       YOU: How do you suggest the government handle the housing crisis?
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 Enjoy,
 

21st @ MONTANA – SANTA MONICA’S PREMIER GREEN CONDO PROJECT WANTS YOU

21st @ MONTANA – SANTA MONICA’S PREMIER GREEN CONDO PROJECT WANTS YOU

 LEED is catching on. Santa Monica has been very progressive on their environmentally sustainable programs LEED rated public buildings, parking structures parks. Although offering little back to the community in the way of grants and rebates like Berkeley, Santa Monica has expertise to share with anyone willing to do the City of Santa Monica new property obstacle course.

Bravo to several who builders have been jumping through the permission commission hoops to get larger and more complex projects. The most recent  to get the green light to build a LEED certified condo complex is Pacific Cove Development . The City of Santa Monica has given them all of the stamps and seals to begin building. Now all they want is you.

The 853 21st St. condo project is clean, green, City approved and as sexy as it can be. 21st @ Montana offers the benefits  of being walking distance from prestigious Montana Avenue at the prestigious  north end of Santa Monica, and  is adjacent to and R1 zoning. This 6 unit LEED certified condo project is ready to build, complete with CC&Rs HOA budget. All you need to do is sign on the dotted line.

853 21st St, Santa Monica 90403
Price: Please call for information

Property Use Type: Condo Development Opportunity

Lot Size (sq.ft.): 7,998 sf

Occupancy:  0% - Ellised

Current Building Area: 4,640sf

Proposed Building Area: 8,039

Current number of units: 5

Proposed number of condos: 6

Unit breakdown