15,000 SF Industrial (Manufacturing) Space — Downtown L.A.

Looking to move your manufacturing business to the heart of Los Angeles? Highly functional layout with two roll-up doors and a big yard, perfect for medium-to-high density truck traffic. $1.10 PSF.

For more information on this listings, and to search all available listings, visit our Los Angeles commercial real estate webiste for all your commercial real estate needs.

Financial Nose-Dive and the Real Estate Market (pt 2)

Eventually, the government will get their heads out of the sand, pass a deal, and start heavily restricting loan practices to all troubled institutions. And what does that do? It creates the slow weening of the US people off of debt.

When the restrictions retighten to historical norms, it will seem like the end of days: housing will drop another 20-30% in value, credit limits will go back to within reason, and cars and education will be among the most expensive parts of our financial equation. It will be hard times, but necessary to create a country that functions realistically within its means, its output, and its place within the global economy.

For more information on Los Angeles commercial real estate, visit our Monocle Real Estate Services Website.

Financial Nose-Drive and the Real Estate Market (pt 1)

Whew. What a day in Wall Street. The bill was declined, and it has sent shockwaves across the country. Why was is not passed? Contrary to the (oversimplified and sophomoric) argument that it a partisan issue, the core conflict at hand is trying to determine what the role of government is in the financial sector.

I was opposed to this bill. Why? Obivously, I am a social and financial anarchist. I’m kidding. The actual reason is that the problem is not the hemorrhaging of capital, and the slowdown is NOT caused by a lack of capital. It is a consistent lack of regulation and oversight. The government SHOULD be creating a bill that severely punishes and regulates lenders from making those foolish subprime loans, repackaging them all golden shit, and selling them on the free market. The problem is that it is not in a financial institutions best interest to UNDERWRITE THEIR OWN LOANS. That is the fundamental problem — not that of capital, or market fear, but rather a necessary reinstitution of the kind of loan underwriting and qualification process that existed for the last 100 years.

What does that do to the real estate market? More in part 2.

For more information about Los Angeles commercial real estate for sale, visit our website!

Commercial Real Estate for Beginners — Due Diligence

The due diligence period is an incredibly important period in any real estate transaction — it is the time in which the buyer reviews all the material information on a property, and perform any onsite or off-site inspections that are relevant to the property.

There are several important things to remember in negotiating due diligence, and performing it. Here are some bits of advice:

-Get on it quickly. The typical due-diligence period lasts between 20 and 30 days, which will slip through your hands quicker than you could guess. The moment the time period begins, start ordering your necessary inspections, and finding all the necessary vendors. I can’t tell you how frequently deals fall out of escrow because of an ill-planned due-diligence period.

-Make sure it only starts AFTER you sign off on having recieved all the due diligence papers from the sellers. A slow-moving, or disorganized seller can otherwise put a severe dent in your due-diligence period.

-Ensure a positive affirmation in writing to remove the condition continency. You don’t want to be late on the due diligence period, only to have your silence mean that you have removed the contingency, lost your ability to disaffirm, and moved the deal forward. This is a big one, and is almost never understood.

-Make your financial contingency separate from the due diligence period. You don’t want to have two different contingencies come up at the same time, unless you are not looking for traditional financing.

This is a delicate part, and often overlooked part, of real estate negotiations. For more advice, or to search with our Los Angeles commercial real estate agents, please visit our website.

2,000 SF Creative Office Space in Downtown Los Angeles — $3.50 PSF

Creative loft space in the newly-rennovated sector of downtown Los Angeles. Very open floorplan, with a trendy, industrial design. Breath-taking views, and ample underground parking. Other sizes are also available.

Find Los Angeles office space that fit your needs by using our online reuqest system at our website.

5-Unit Apartment Complex near Santa Monica Community College — $4.0M

This charming multifamily apartment complex is an abolsute gem in the heart of Santa Monica, just a mile from the beach, and right near SMC. Perfect for a real estate investor who wants a consistent rent roll with reliable tenants and some value-added potential if you apply a bit of elbow grease to the property! Offered at a pro-forma 8.6% CAP.

Find commercial real estate in Los Angeles for sale or lease through our unique website.

Multiple openings — West Hollywood office high-rise — $3.25 / SF

This high-profile highrise in West Hollywood is an ideal choice for an office looking to create a personally-designed space that fits their business perfectly. Highly divisible, with good concessions for a solid tenant.

Search Los Angeles commercial real estate at our website.

Retail Space — 2,000 SF in Costa Mesa at $3.75 PSF NNN

Become part of a high-visibility strip mall near OCC. Well-situated end unit with great street visibility, and a great option for a college-friendly business. Reasonably priced, and this sort of vacancy is very rare indeed!

For more information on Orange County and Los Angeles retail space, please use our search feature at our website.

Commercial Real Estate for Beginners — Mello Roos

Mello Roos tax is an interesting and new development in real estate markets as an additional tax and work-around to proposition 13. The problem was this: the theory was that home owners property tax was in large part used to upkeep the necessary streets and infrastructure. The only problem was that prop 13 capped the inflation of that cost, which did not keep up with the infrastructure costs of keeping up a city.

Mello Roos is a special assessment that provides particular charges for street and infrastructure costs — similar to a non-elective HOA. The only problem is that these assessments only come from new homes with that assessment, and do not cover the old developments. So while they have helped to stem the influx of underpaid infrastructure expenses, it is not a permenant fix.

What if you are in a place that assesses Mello Roos? We’ll good news and bad news. Good news is that you are likely paying less purchase price, and will have a well-kept area, but the bad news is that the price reduction will not be equal to the overall cost of the tax, and it does hurt your resell value. Plus, there are no assurances that it will only be used for your area.

For more information on Los Angeles commercial real estate, visit Monocle Real Estate Services.

1,000 SF of Irvine Medical Office Space

Ideal for a small medical office looking to relocated into the heart of the medical plazas of South Irvine. Near hospitals and many new specialists. $3.75 PSF.

For more information on Orange County Office Space, visit us at Monocle Real Estate Services.