SANTA MONICA REAL ESTATE SNAPSHOT – AUGUST 2014 – NEW CONDOS BY THE OCEAN

August 7, 2014 on 9:36 am | In Buyers, Fascinating Information, For Your Purchasing Pleasure, Market Snapshot, Of Local Importance, Santa Monica Landmarks, Uncategorized, WOW | 5 Comments

by Jodi Summers

We are all lucky here in Santa Monica. A large part of the world’s population dreams of living by the beach in Southern California, where life is a mix of reality, sunshine and fun. Just think of how nice it is to be living along Ocean Ave and Neilson Way where you can hear the waves dance with the shore…30 of those desirable properties sold between January 1 and July 24, 2014 in Santa Monica. As per the MLS, the median sold price was $2,030,000. By and large, those buildings were not constructed in this millennium, except for the Waverly and the Seychelle – Santa Monica’s new luxury condos near Tongva Park and our promised light rail terminus.

If you’re spending a couple of million on a condo in Santa Monica, why not go with brand new? Called Ocean Avenue South, these luxury midrise units offer unparalleled coastal and city living. The Seychelle’s ninety-three exclusive residences at 1755 Ocean Avenue, Santa Monica 90401, are nestled along our iconic shore. The units promise private balconies with “dazzling vistas” and “an ever-shifting palette of infinite blue…”

When this article was written, there is one suite at the Seychelle start at just under $900,000, and one next door at the Waverly for just under $1,000,000. Prices climb with size, height and view. The Seychelle suites feature Zen-harmonious interiors by Clodagh Design International. Your new home at the Seychelle is accented by dramatic walls of glass open to breathtaking ocean panoramas. Spacious living areas blend contemporary style and organic features like custom oak flooring, polished quartzite, honed marbles and warm wood tones.

Well-designed and serene, one-bedroom units are usually 1,100+ sq.ft. Included are appliances by Thermador featuring integrated paneling. Management fees approach $1.20sq.ft./month – a bit higher than the Sea Colony but nowhere near as dear as 101 Ocean Ave.

Additional amenities include the building’s attended lobby with concierge and doorman, and the exclusive, residents-only rooftop pool and sky lounge, a delightful accent to the indoor/outdoor California lifestyle. The inviting pool and sauna are is accent by furnished cabanas, allowing for old-Hollywood intimacy. The sky lounge offers a gourmet kitchen and open-air barbeque areas complimented by panoramic ocean vistas. The fitness center is on the third floor and is complimented by a dedicated yoga studio overlooking the peacefully landscaped terrace. Restaurants and coffee shops are downstairs. Additional amenities include a business center, a pet spa and private storage lockers.

The Waverly is the name of the collection of 65 exclusive residences adjacent to Tongva Park at 1705 Ocean Ave. Featuring verdant vistas of rolling meadows of native grasses and wildflowers, lush pathways and ocean panoramas, the Waverly is the epitome of urban beach living. Inspired by the natural palette of the surrounding Santa Monica landscape, thoughtfully designed interiors by award-winning Marmol Radziner & Associates reflect a warm and serene aesthetic.

Modern spaces are infused with rich wood tones, highlighted by custom bleached oak flooring, polished marbles and textured handcrafted materials.  The kitchens are desired for their exquisite details, including polished Sea Pearl quartzite counters and full-height backsplash, complimented by custom oak cabinetry and state-of-the-art stainless steel appliances by Thermador. The master bath and powder room is appointed with Imperial White marble flooring and counters, finely crafted walnut vanity and well-appointed detailing.

Pricing-wise, a 1-bedroom + 1.5 bathroom residence will cost more than $1,300,000 with prices capping at just under $8million > hurry only one 3-bed + 3.5 bath penthouse remains.

Maintenance fees are on parallel with the Seychelle…but instead of the pool, you get the Waverly’s floor-to-ceiling window walls which open to stunning views that span across six acres of park from the Santa Monica Mountains to the Pacific Ocean. The Waverly’s light-filled lobby seamlessly connects interior and exterior spaces. The around-the-clock concierge can be found in the lobby, which is adorned with honed quartzite flooring and walls of rich teak and floor-to-ceiling glass windows.

On the fifth floor there is the Skybridge Lounge, which overlooks Tongva P ark. This is a great setting for entertaining with a gourmet kitchen and barbeque and a glowing fireplace.  There is a fully equipped fitness center, pet spa and Related Signature Services are available.

Outside, residents enjoy convenient access to downtown Santa Monica. Restaurants that are right downstairs include Starbucks, Joan’s On Third and Searsucker, while the Promenade and the light rail are both within walking distance.

“We don’t have to drive as much anymore,” notes Waverly resident Rob Evanko. “We’re able to walk everywhere.”

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

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Ocean Avenue South sets a new benchmark for refined coast al living with unparalleled amenities and R elated Signature Services®.

http://pro.themls.com/membersonly/

http://www.smmirror.com/articles/News/The-Waverly-At-Ocean-Avenue-South-Opens-To-Tenants-Dining-Spots-Named/40692

http://lovesiliconbeach.wordpress.com/2014/07/24/fantastic-new-beach-condos-in-santa-monica/

http://www.santamonicapropertyblog.com/?p=5687

 

SANTA MONICA REAL ESTATE SNAPSHOT SUMMER 2014 – LAZING AT THE BEACH

July 24, 2014 on 7:39 pm | In Market Snapshot, Market Trends, Multiunits, Sellers, Statistics, Uncategorized | 4 Comments

by Jodi Summers

Last summer, Ocean Park was home to the million dollar bungalow. This summer, not so much. The market is quieter than last year – only 19 properties sold in our neighborhood in the second quarter. Prices are a little more palatable for buyers…and not so exciting for sellers.

“The drop in affordability has hampered activity, helping to explain how sales could be lower now even though today’s inventory is higher than a year ago,” observes Andrew LePage, a DataQuick analyst. “The recent dip in mortgage rates will help fuel demand, adding pressure to home prices. But the sort of price spikes we saw this time last year – annual gains of 20 percent or more – are less likely today given affordability constraints, higher inventory and the drop-off in investor purchases.”

Clarus Market Metrics notes that comparing June 2013 with June2014 the median price of for sale in Ocean Park, Santa Monica 90405 is up 31% and the median price of sold properties is down -15%

HOMES

Of the 19 properties that sold in the 2Q 2014, only one was a single family home.  754 Navy, which sold in May, is a complete rehab project.

CONDOS

17 Condos sold in Ocean Park in 2Q 2104.  The most spectacular was a 3,000+ sq.ft. beachfront townhouse in Sea Colony which boasted spectacular views from every room. The 3-bedroom, 5-bath unit sold in June for $4,025,000.  Six local condos sold between $1,000,000 and $2,000,000. 6 sold for between $500,000 and $999,999. The 4 units that sold for under $500,000 were all along 4th St. All totaled, in Q2, the average selling price jumped up to $877.74 and the median condo sale price to $785,900.

Estimated sale prices look juicy…but keep in mind, many ocean view condos sold this quarter. To estimate your current value, multiply the square footage of your condo x $877.74 = a relative estimate of worth. View, location, orientation, condition and a host of other variables will affect the price.

MULTIFAMILY

The only multifamily property to sell in the neighborhood was a newly remodeled duplex at 643 Raymond which sold for a hefty $2,500,000.

Although unique properties are still selling at a premium, all-in-all the summer of 2014 market is kinder to
buyers.

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

**

https://www.terradatum.com

http://www.themls.com/

http://www.santamonicapropertyblog.com/?page_id=5535

http://www.santamonicapropertyblog.com/?p=5654

http://www.dqnews.com/Articles/2014/News/California/Southern-CA/RRSCA140611.aspx

STATE HONORS AWARDED TO FOUR SANTA MONICA – MALIBU SCHOOLS

July 9, 2014 on 11:13 am | In Buyers, Fascinating Information, Of Local Importance, Statistics, Uncategorized, websites, WOW | 9 Comments

by Jodi Summers

Bravo! Four Santa Monica-Malibu Unified School District elementary campuses have received the prestigious “Distinguished School” designation from the California Department of Education.

Franklin Elementary School, Point Dume Marina Science School, Roosevelt Elementary School, and Webster Elementary School were named as four of the 424 public elementary schools to receive the honor for 2014, announced State Superintendent of Public Instruction Tom Torlakson.

“The more I see of other elementary schools, both public and private, the more I realize how lucky we are to be at Franklin School,” writes one parent on Greatschools.org. “The teachers are outstanding. With the high level of parent involvement both in the class and financially this public school is still able to offer many programs that you usually see only in private schools these days.”

Here is how the winners performed on the state Academic Performance Index (API) – a single number assigned to each school by the California Department of Education to measure overall school performance and improvement over time on statewide testing. The API ranges from 200 and 1000, with 800 as the state goal for all schools.

With the 2014 announcement, Franklin and Webster are both two-time winners.

Franklin Elementary School

2400 Montana Ave.

Santa Monica, CA 90403

“This is Franklin Elementary School’s second California Distinguished School designation, our first award was in 2008,” praises Franklin Principal Tara Brown. “Everyone is absolutely ecstatic. I don’t think the designation changes the school, but gives validation to our amazing staff, students, parents and community for all of the hard work and effort that is made on a daily basis toward all students achieving academic excellence while narrowing the achievement gap.”

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Webster Elementary

3602 Winter Canyon

Malibu, CA 90265

Webster Principal Dr. Susan Samarge-Powell observes that the award honors the school. “The students, staff and parent community all contribute to the successes found at Webster,” she shares. ”It is a wonderful environment in which to learn.”

Roosevelt Principal Natalie Burton and Point Dume Principal Rebecca Johnson credit the collaboration between staff, parents and students for their success.

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Roosevelt Elementary

801 Montana Ave.

Santa Monica, CA 90403

“I am so proud that our students have flourished with such enthusiasm through our signature practices in math and English language arts,” applauds Principal Burton. “This exciting recognition is an honor for our entire Roosevelt community.”

One parent submitted this synopsis on www.GreatSchools.org, “Roosevelt is an amazing school with incredible, dedicated and responsive teachers who teach to the child, not the test, and an administration and staff whose dedication to the school is similarly amazing. The sense of community is remarkable and it’s been a magical elementary experience. We feel very fortunate to have the opportunity for our kids to attend Roosevelt!”

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Point Dume Marina Science School

a.k.a. Point Dume Elementary

6955 Fernhill Dr.

Malibu, CA 90265

“I want to thank the students, staff, and parents,” said Johnson. “It is due to their continued dedication and extraordinary effort that this acknowledgment of PDMSS was made possible.”

“I applaud these strong, thriving schools that are making such impressive strides in preparing their students for continued success,” Torlakson said in a written statement. “This award is well-deserved by these school communities for their enduring dedication to high standards, hard work, and unwavering support.”

For the record, Santa Monica-Malibu Unified School District is a school district headquartered in Santa Monica, California, United States. The district serves the cities of Santa Monica and Malibu. It has ten elementary schools, two middle schools, three high schools, an adult high school, and an alternative school.

 

 

Elementary schools

* Juan Cabrillo Elementary School (Malibu)

*  Edison Language Academy (Santa Monica)

*  Franklin Elementary School (Santa Monica)

*  Grant Elementary School (Santa Monica)

*  McKinley Elementary School (Santa Monica)

*  John Muir Elementary School (Santa Monica)

*  Point Dume Marine Science Elementary School (Malibu)

*  Will Rogers Elementary School (Santa Monica)

*  Roosevelt Elementary School (Santa Monica)

*  Webster Elementary School (Malibu)Middle and high schools

K-8 schools

ü  SMASH Alternative School (Santa Monica)

Middle and High Schools

ü  John Adams Middle School (Santa Monica)

ü  Lincoln Middle School (Santa Monica)

ü  Malibu High School (Malibu)

ü  Olympic High School (Santa Monica)

ü  Santa Monica High School (Santa Monica)

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A good site for more information is:

http://school-ratings.com/

http://www.greatschools.org/california/santa-monica/2922-Franklin-Elementary/?tab=test-scores#apiExplanation

http://smdp.com/local-schools-receive-state-honors/134207#sthash.jYf3g5L2.dpuf

http://www3.cde.ca.gov/signaturepractices/default.aspx

http://smdp.com/local-schools-receive-state-honors/134207

http://www.santamonicapropertyblog.com/?p=5588

http://rhs.rocklinusd.org/pictures/RHS%20site%20images/CA-Dist.-School.jpg

http://2.bp.blogspot.com/-c2_khpzlQNQ/UYfpmn_2fvI/AAAAAAAAAjA/kU2K3F7_Rj4/s300/keep%2Bcalm%2Band%2Bthank%2Ba%2Bteacher.png

http://lovesiliconbeach.wordpress.com/?p=46&

http://en.wikipedia.org/wiki/Santa_Monica-Malibu_Unified_School_District

http://www.franklin.smmusd.org/images/schoolNEW.jpg

http://www.greengardensgroup.com/2012/07/19/surfrider-organizes-weed-and-feed-at-franklin-elementary-ocean-friendly-garden/

http://www.muchlove.org/roosevelt-elementary-change-for-change/

http://www.myroosevelt.net/resource/resmgr/homepage/backpacks.jpg

http://www.active.com/images/upimages/5K%20Turkey%20Trot%20All.JPG

http://www.filmsantamonicamalibuschools.com/Roosevelt/001-ROO-022-SE.jpg

DANCING ON THE PIER – THE 2014 SANTA MONICA TWILIGHT DANCE SERIES IS HERE!

June 27, 2014 on 9:17 pm | In Fascinating Information, Fun, Historic Properties, Of Local Importance, The City of Santa Monica says, Uncategorized, WOW | 4 Comments

edited by Jodi Summerstwilight dance series

Woohoo! The Santa Monica Twilight Dance Series is 30 years old this summer…and as always…the City is sharing another summer of free music Thursdays on the historic Santa Monica Pier. Dance or get your feet wet and hear some excellent music. The summer of 2014 brings these fine acts…

Cults_PhotoBy_OliviaMalone

 

7/10 – Cults w/ James Supercave + KCRW DJ Marion Hodges – Cults has always been a band to look to both past and present. When the young duo arrived on the New York scene in 2010 their debut effort was described as “Phil Spector with hip-hop sensibilities, Glee soaked in reverb.”Yuna

 

 

7/17 – Yuna w/ King + KCRW DJ Anthony Valadez – Yuna has risen from regional D.I.Y. notoriety to full-on international stardom. In the process, this young cayucos and papasinger-songwriter from Malaysia has become the first artist from her homeland to conquer the American market.

 

7/24 – Cayucas / Papa + KCRW DJ Chris Muckley – An avid bird-watcher, Yudin majored in both Music Theory/Production and Japanese. He spent a post-grad year living and teaching in Tokyo, then taking the past couple of years to hone the sound of Cayucas. He posted a couple of songs online, picking up a lot of love and attention, but it was only when he entered the studio with producer/multi-instrumentalist Richard Swift last year that Cayucas was truly defined — sun-inspired jams that touch Omar Souleymanupon The Animals, Harry Belafonte and the surfer-folk mysticism of the Northwest.

 

7/31 – Omar Souleyman + KCRW DJ Aaron Byrd – Born in 1966, Souleyman grew up in Ra’s al’-Ayn, a Syrian town in the northeastern region of Jazeera. That’s where he first heard Syrian folk music played on a long-necked lute called a bozouki and rebab, a single-stringed fiddle. He enlisted Rizan Sa’id from a local Kurdish combo in 1996. The pair electrified Souleyman’s acoustic music – playing it harder, faster, louder, and more thrilling than ever before. He became an increasingly prominent act on the local wedding circuit, eventually generating an estimated 500 bootleg Jagwar Marecordings and plenty of wild YouTube videos.

 

8/07 – Jagwar Ma + KCRW DJ Jason Bentley – Jagwar Ma is a musical project, est. Nov 2011 by Jono Ma and Gabriel Winterfield. The Sydney based kraut-experiment that was “a band without members” and a stage of revolving musicians.la Santa Cecilia

 

8/14 – La Santa Cecilia w/ Sergio Mendoza Y La Orkestra + KCRW DJ Raul Campos – a Santa Cecilia consists of accordionist and requintero Jose “Pepe” Carlos, bassist Alex Bendana, percussionist Miguel Ramirez, and lead vocalist La Marisoul, whose captivating voice sings about love, loss and heartbreak. Their influences range from Miles Davis to The Beatles, Led Zeppelin to Janis Joplin and Mercedes Sosa to Ramon Ayala. Their common love of music and openness to all genres led them to the concept of La Santa Cecilia in 2007 – named after the patron saint of musicians.

The Zombies

 

8/21 – The Zombies w/ Mystic Braves + KCRW DJ Dan Wilcox – The second UK group following the Beatles to score a #1 hit in America, The Zombies infiltrated the airwaves with the sophisticated melodies, breathy vocals, choral back-up harmonies and jazzy keyboard riffs of their 1960’s hit singles like “She’s Not There” and “Tell Her No” and “Time of the Season,” Their swan-song album “Odessey & Oracle” was recently ranked #100 in Rolling Stone’s “500 Greatest Albums of All Time.”

 

8/28 – Lee “Scratch” Perry w/ Mexico 68 + KCRW DJ Jeremy Sole – “I’m an artist, a musician, a magician, a writer, a Lee_Scratch_LSPfocus singer; I’m everything. My name is Lee from the African jungle, originally from West Africa. I’m a man from somewhere else, but my origin is from Africa, straight to Jamaica through reincarnation; reborn in Jamaica…” .. .. Lee “Scratch” Perry (born Rainford Hugh Perry, on March 20, 1936, in Kendal, Jamaica) is a Grammy award-winning reggae and dub artist, who has been highly influential in the development and acceptance of reggae and dub music in Jamaica and overseas. Arguably the first creatively driven, “artist-producer” in modern recorded music, Lee “Scratch” Perry occupies the highest OK-Golevel of music making – standing comfortably next to pioneers like George Martin, Phil Spector, and Brian Wilson.

 

9/04 – OK Go w/ Allah-Las – Formed as a quartet in Chicago in 1998 and relocated to Los Angeles three years later, OK Go (Damian Kulash, Tim Nordwind, Dan Konopka, Andy Ross) have spent their career in a steady state of transformation. Drawn from the same marching orders issued to big-hearted happiness creators as Queen, T. Rex, The Cars or Cheap Trick, and a lifetime of mixed tapes exchanged by lifelong music fans, their most recent release, Upside Out, is a reaffirmation of the sounds and ideas that brought the band together in the first place.charles_bradley

 

9/11- Charles Bradley w/ King James & The Special Men – Other artists appreciate their audiences, just as many are grateful for them, but few artists love their fans as much and as sincerely as Charles Bradley. By now, his remarkable, against-all-odds rise has been well-documented – how he transcended a bleak life on the streets and struggled through a series of ill-fitting jobs – most famously as a James Brown impersonator at Brooklyn clubs – before finally being discovered by Daptone’s Gabriel Roth. His recent music esges closer into the kind of psychedelic soul The Temptations explored in the early ’70s. “I’ve been calling it ‘New Direction Daptone. People are not going to expect this. There’s a lot of psych influences on this record, a lot of fuzz guitar. We’re pushing the band & the arrangements further out, which in turns has to make Charles go further out.”

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http://santamonicapier.org/twilightconcerts/

http://www.santamonicapropertyblog.com/?p=5642

http://blogs.kcrw.com/musicnews/wp-content/uploads/2010/08/KCRW_KailashKhersKailasa_TwilightDanceSeries_JG_03.jpg

http://lovesiliconbeach.wordpress.com/2014/06/28/dancing-on-the…series-is-here/

 

LINCOLN BLVD. HAS CHARACTER > THE LINC

June 22, 2014 on 8:59 am | In Fascinating Information, Fun, Of Local Importance, Uncategorized, WOW | 3 Comments

edited by Jodi Summers

Bravo! Lincoln Blvd finally develops character! Santa Monica has been painting buildings,  while the heat of Abbot Kinney Blvd. has spread to Lincoln Blvd. Venice, where it has earned the ultra-hip nickname the Linc.

This fabulous article from Los Angeles magazine talks about the tremendous amount of fun, food, shopping and great experience you can now enjoy along The Linc, Venice. You know the area we mean, the area between Rose Ave. and Venice Blvd. which has always been highlighted by Staples, Lincoln Hardware, the Rite Aid Pharmacy and Ralph’s grocery store. Now, the neighborhood has gone beyond practical to downright delightful…Find out about all of the new hangs, from Wurstküche to the newly revamped WitzEnd…  http://www.lamag.com/neighborhoodguides/2014/05/15/lincoln-boulevard

Sister cities Santa Monica and Venice, joined at the Ozone, let us continue to Beautify Lincoln.

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http://www.santamonicapropertyblog.com/?p=5623

http://www.lamag.com/neighborhoodguides/2014/05/15/lincoln-boulevard

http://lovesiliconbeach.wordpress.com/2014/05/23/lincoln-blvd-has-character-the-linc/

http://beautifyearth.org/

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