modernhomeslosangeles Presents 4452 La Granada Way, La Canada, 91011 for OPEN HOUSE TODAY, SUNDAY 2/13 FROM 1-4P

Traditional 4 BD / 2 BA single family situated on a large lot located in desirable La Canada being offered as a Short Pay transaction.  

Great schools!  This home is ready for a family.  Spacious layout with center hall, provides lots of room for a sprawling family.  Large windows throughout allow sunshine into this 1940 charmer.   

Fireplace, hardwood and carpet, complement original tile in kitchen and second bath.  Newer renovation adding a master suite and adjoining master bath allow for peaceful escapes.  Huge outdoor patio area for entertaining and the dog.  Quiet.  Room for pool.  Mature shade trees.

Great location South of Foothill and East of 2 FWY.   1,794sf living   8,400sf lot     

Palm Crest Elem   La Canada Middle   La Canada Senior HS   MLS# 11-50598

Los Angeles Commissioners Approve Changes to Solar Incentive Program

Any owner in Los Angeles contemplating going solar, should act quickly to take advantage of the city's incentive's to go Green as reduced rebates go into effect Jan. 1, 2011.  The decision by the Department of Water and Power is an attempt to stretch the program's funds, totaling $318 million meant to be distributed through 2016.

It seems that the trend to work with sustainable alternatives of energy has emerged as a beast to the department.  This year alone, the applications for rebates total $70 million.  The city had only budgeted $30 million!!!  So, as you can see, the department is now concerned and has to roll back some of the steam and spread the wealth to a larger pool of people.  

The Department of Water and Power's current rebate is $3.24 for every watt installed.  A homeowner who installed a 4-kilowatt system would receive a rebate of $12,960.  As of January 1, the rebate is reduced to $2.20 per watt installed.  The same project would only garner a rebate of $8,800 as of January 1, 2011.

Reductions will continue as the utility meets goals for home-generated electricity.  We will see the rebate be reduced to $1.50 per watt then to .60 cents per watt over time.  As we are a city of progressive thinkers, I would not doubt the reductions to occur faster than anticipated.  Hence, take advantage of the $3.24 per watt rebate!  Get in while the gettin's good, folks!

FirstLook, Fannie Mae's HomePath.com Program

Not sure if many real estate buyers who meet the requirements of Fannie Mae's FirstLook program are aware of such a great program.  Let modernhomeslosangeles.com explain to you the advantages of the program.  Here it is, plain and simple...

NO INVESTOR COMPETITION on HomePath.com listed properties, typically for the first 10-15 days on market!  Now, do you understand?

Fannie Mae's innovative First Look period contributes to neighborhood stabilization by encouraging home ownership. During this period, owner occupants, public entities, and their partners can submit offers and purchase properties without competition from investor offers. The Neighborhood Stabilization Program was created to address the housing crisis, create jobs, and grow local economies by providing communities with the resources to purchase and rehabilitate vacant homes. The NSP grants that HUD has awarded are helping state and local governments, as well as non-profit developers, acquire land and property; demolish or rehabilitate abandoned properties; and/or offer downpayment and closing cost assistance to low- to middle-income homebuyers. Are you a teacher, Fireman, Police Enforcer?  Welcome to real estate.  This plan directly effects those who work within municipalities, schools and other non-profit agencies.  It's time you took advantage of some benefits especially for you within the Los Angeles real estate market and elsewhere around the country.

Fannie Mae initially rolled out its First Look initiative last fall.  Julia Dugger, Fannie Mae’s senior manager of marketing communications, says the First Look policy provides buyers looking for a primary residence with a “real opportunity” to find an affordable home without having to worry about being outbid by an investor.

Public entities, too, are taking advantage of the no-investor marketplace provided by First Look, particularly those agencies that have been awarded federal funding through HUD’s Neighborhood Stabilization Program (NSP) to purchase, rehabilitate, and resell foreclosed and abandoned properties. 

The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program is being realized. NSP1, a term that references the NSP funds authorized under Division B, Title III of the Housing and Economic Recovery Act (HERA) of 2008, provides grants to all states and selected local governments on a formula basis.

If you would like to explore more or have further questions, www.modernhomeslosangeles.com.

WEHO ALERT! 855 CROFT FINALLY ON MARKET

Here is the latest SPF:a designed 33-unit condominium complex in West Hollywood. Again, I am a HUGE fan of the Culver City-based architectural firm, but I have some mixed feelings about this building. You may have checked out a blog or two ago regarding SPF:a's Woodbridge 12 in Valley Village? Another beautiful and simple form of architecture with the mantra of responsibility to our ecological resources.

It has taken awhile, but we are now seeing listings hit the MLS. This project has taken some time to get to the completion state. This building consists of 2 Bedroom / 2.5 Bath residences. Listings were released a little over a week ago with only one residence being featured: #206 offered for $645,ooo which includes 1,469sf of interior along with ample balconies. Originally, they were contemplating the offering at $670,000+. Things seem to be subsiding as the market truly is dictating some lower prices on these new buildings / lofts in areas such as Hollywood, West Hollywood and the Beverly Center Area.


These residences all have top of the line features and finishes. The Kitchens are outfitted with a Bertazzoni Range and Bosch refrigerator and dishwasher. Finishes include Caesarstone countertops along with full-height glass tiled back splashes that complement the sustainable Italian designed Modulocucine cabinetry. Anyone into the art of cooking would be thrilled in this chef's delight! It doesn't hurt that SPF:a has an exclusive with Modulocucine.

The handsome bathrooms are nothing less than clean and simple = inviting. Each bathroom is outfitted with responsible materials including the Caesarstone countertops, Modulocucine cabinetry and over sized floor tiles. No more grout! Each bathroom has a soaking tub and glass enclosed shower along with European fixtures. The spacious bedrooms look out onto a terrace. The most alluring aspect of these residences is the outdoor areas it provides us Southern Californians. It seems we still appreciate Mother Nature and the beauty of our City of Angels. Check out the view below.

Overall, the split floor plans work well for these two bedroom units. Who wants to be bumping walls with your room mate? By far, the Penthouses in this complex are AMAZING! With over 1,473 sf of interior space, they include over 1,000sf of outdoor terrace areas. This is where they get me. I am such a sucker for functional outdoor space.

If you have financing in the million dollar range, check out the floor plan for Penthouse 3:

HOAs run $360/mo to $435/mo and include gas, water, trash and common area. Each Residence includes two tandem parking spaces.

As always, feel free to reach me for showings or more information.

EVO Releases New Block for Sale

SPECIAL FLASH PRICES FOR EVO!!!



This just in... It seems that sales at the Uber Green building are on fire and they are now releasing additional units to the public with great incentives, including one year of HOA paid. Along with the CA Tax Credit, there could be a few deals here.


Check out the Units / Price List Below



As always, feel free to contact me if you would like more information or a showing.

EVO SUPER SALE!!! - Limited TIme Only

SPECIAL REDUCED PRICES FOR EVO!!!



If you are a buyer who is interested in the Downtown Los Angeles area, there is no better building than EVO. EVO has been created as one of the most sustainable and eco-friendly buildings in the entire country, let alone Downtown Los Angeles! As the first high-rise residence in downtown to be certified LEED Silver by the U.S. Green Building Council.




If you haven't been able to afford the prices, you may be surprised by the new release of units with dramatic reductions in listing price. I invite you to take advantage of an exclusive super sale with prices well below the original list price. This is a limited offer and once these homes are gone, they’re gone!



In addition, EVO is offering 1-year of paid HOA on all super sale residences. I encourage you to act now for the best selection before they sell out! Now at 82% sold, EVO continues to be the best selling new residence in LA, with an unparalleled mix of architecture, modern residences, resort-style amenities and a location steps from LA Live and Staples Center.



You can go directly to the EVO web site for further information and floor plans, http://www.evo-south.com/