Recent Sales In BHPO

I love BHPO, or Beverly Hills Post Office.  It’s a beautiful community in the hills just north of Beverly Hills.  BHPO is bordered by Bel Air to the west, West Hollywood to the east, and Studio City and Sherman Oaks to the north.

Although BHPO residences benefit from the use of Beverly Hills’ more preferred zip codes, ironically, it’s not a true part of the City of Beverly Hills. In fact, and all city services – including police, fire, schools and utilities – are serviced by City of Los Angeles. 

How did this little LA community rate a preferred 90210 zip code?  When Beverly Hills was incorporated in 1914, the hilly part of town on the northern border –up to Mulholland Drive – remained a part of the hills of Los Angeles. The area was given the 90210 zip code by the U.S. Post office out of convenience.

These days, the Beverly Hills name and famous zip lend an additional convenience to the area in the form of prestige and higher home values. Here’s a look at recent home sales for BHPO.  This information comes from CLAW MLS and is deemed accurate, but is not guaranteed.  I should also clarify that this is a list of recently sold homes in BHPO, and not my own recent activity (but you can get that information by visiting my website www.MontoyaProperties.om).

I hope this information is useful.  If you have any qusestion, or real estate-related needs, feel free to call me at 310-403-4004, or send me an e-mail at Maria@MontoyaProperties.com

Recent Sales In Beverly Hills Post Office

Zip Code 90210

Address	Beds	Baths	Sq. Ft.	Lot Size	Sale Price	Date Sold
9832 Yoakum Dr	2	2	1,056	12,960	$500,000	3/10/2011
9666 Yoakum Dr	2	1	1,052	17,900	$545,175	2/28/2011
1550 Benedict Canyon Dr	2	2	2,015	7,240	$675,000	4/1/2011
1322 Braeridge Dr	2	2	1,446	8,350	$794,500	3/18/2011
9586 Shirley Lane	3	3	2,290	14,397	$968,000	3/4/2011
1977 Coldwater Canyon Dr	5	4	3,156	19,658	$1,170,000	3/4/2011
2008 N Beverly Dr	3	2.75	2,205	10,720	$1,350,000	4/26/2011
1517 N Beverly Dr	2	2	2,154	8,100	$1,415,000	4/15/2011
1722 Benedict Canyon Dr	4	5	2,661	17,180	$1,500,000	4/27/2011
9406 Lloydcrest Dr	3	3	1,796	21,558	$1,625,000	3/25/2011
2815 Coldwater Canyon Dr	6	5	3,084	17,750	$2,050,000	3/25/2011
1800 N Beverly Dr	5	6	3,968	10,050	$2,200,000	3/24/2011
12090 Summit Cir	4	5	4,000	14,920	$2,242,500	3/21/2011
9721 Oak Pass Rd	4	5	5,450	41,382	$2,300,000	3/16/2011
1865 Heather Ct	4	4.5	5,316	43,560	$2,425,000	4/15/2011
9300 Hazen Dr	3	3.5	3,189	14,810	$2,450,000	3/16/2011
9115 Hazen Dr	4	5.5	3,904	19,170	$2,700,000	3/11/2011
9790 Wendover Dr	5	4.5	4,700	15,870	$3,350,000	4/27/2011
1801 N Beverly Dr	4	4		59,660	$3,550,000	4/6/2011
9446 Beverly Crest Dr	4	5	6,400	16,880	$3,678,425	3/25/2011
9555 Oak Pass Rd	5	6		43,560	$4,425,000	4/21/2011
3332 Clerendon Rd	6	9	9,020	23,079	$6,999,999	3/31/2011
1278 Angelo Dr	4	4.5	7,000	11,325	$9,100,000	4/22/2011

When Sellers Remain in Possession

Frequently it happens that sellers don't want to give up possession of their home until after escrow has closed. I am not referring here to situations where they will rent back for six months or a year. Rather, it is the situation where the seller doesn't want to move out until two or three days after closing.

There can be good reasons for this. More than a few transactions have fallen apart at the last minute, though this is not common. What is more ordinary – and happens too frequently – is that the closing may be delayed a few days, maybe even a week. Often this is not the buyer's fault, but that of some third party (such as an underwriter). The point is: knowing that closings might be delayed, many sellers don't want to schedule movers and packing etc. until they know for sure that the closing has happened. Moreover, it may simply be a question of money. They need to have the sale proceeds in hand in order to pay the movers.
 
I know, I know. There are those who will argue that closings ought never to take place until and unless the sellers are out. While there may be compelling arguments for this point of view, the fact remains that it doesn't always happen, and that it would probably be a mistake to let this issue be a deal-killer if everything else was satisfactory.
 
So, the seller is going to remain in possession for, say, three days after closing. How best to handle this? You want more protection for the buyer than simply to say "OK". On the other hand, the situation doesn't seem to warrant a lengthy special contract.
 
The California Association of Realtors® (CAR) sets forth an alternative in its standard form Purchase Addendum Agreement (PAA). While the PAA deals with other topics as well, one of the options it lays out is "Seller to Remain in Possession After Close of Escrow." This option contains ten pre-printed sub sections plus a couple of blank lines for "other terms". It takes up about 2/3 of a page and might be described as a "rental agreement lite."

Click here for more of this article...

If you are looking for a Realtor you can count with the sale or purchase of a home, feel free to contact me by phone or email. I service Silicon Valley and Santa Clara County in Northern California.

Nora Sandoval
Sereno Group Properties
408-528-5631
Nora@serenogroup.com
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Article source: Realty Times, Real Estate News and Advice

Recent Sales In Studio City

When I host an open house, meet with a client, or just run into a friend or neighbor at the the market,  I'm almost always asked I know how much a certain house in the neighborhood sold for.  Let's face it: the real estate market - especially if we're talking about what's going on in our own backyards - is still a hot topic.

To that end, I will post periodic reports of recently sold single family homes in the area.  This information comes from the CLAW MLS, and is deemed accurate, but is not guaranteed.  I'd like to clarify that this is a list of recently sold homes in Studio City, and not of my own recent activity (access to that information is available on my website at www.MontoyaProperties.com).

I hope you find this data useful.  If you have any questions about this information, or any real estate-related needs, feel free to call me at 310-403-4004, or send me an e-mail at Maria@MontoyaProperties.com.

Address	Beds	Baths	Sq. Ft.	Sale Price	Date Sold
4452 Bellingham Ave	2	1	1268	$415,000	3/29/2011
4223 Wilkinson Ave	2	1	1257	$485,000	3/7/2011
12713 Milbank St	2	1	846	$510,000	3/24/2011
3835 Laurel Canyon	2	2	1355	$525,000	4/1/2011
4417 Bakman Ave	2	1	1128	$540,000	2/25/2011
11704 Sunshine	3	2	1274	$541,000	2/17/2011
4457 Bellingham Ave	2	2	1346	$594,000	3/7/2011
4549 Ben Ave	2	1	1258	$595,000	4/12/2011
12337 Milbank St	2	2	1956	$595,000	2/28/2011
4205 Farmdale Ave	2	2	1637	$600,000	3/31/2011
3311 Dona Rosa Dr	2	3	2288	$602,810	3/17/2011
4323 Shadyglade Ave	4	4	3243	$630,000	2/25/2011
11326 Dona Lola Dr	3	3	1998	$640,000	4/19/2011
4349 Bakman Ave	3	2	1714	$642,590	2/23/2011
4229 Elmer Ave	2	2	1343	$654,000	3/24/2011
13041 Valleyheart Dr	3	2	1452	$676,000	3/7/2011
13052 Bloomfield St	2	2	1249	$685,000	4/15/2011
4559 Ben Ave	3	3	1680	$695,000	3/31/2011
4150 Elmer Ave	3	2	1530	$695,000	3/24/2011
3801 Sunshine Ct	3	2	1802	$710,000	3/24/2011
4317 Vantage Ave	4	3	2101	$710,000	2/28/2011
4517 Simpson	3	2	1955	$735,000	3/25/2011
4229 Bakman Ave	2	3	1727	$735,000	3/4/2011
11434 Dona Pegita Dr	4	3	2724	$750,000	4/21/2011
13082 Blairwood Dr	2	2	1956	$760,000	4/8/2011
4101 Rhodes Ave	3	2	1927	$870,000	3/14/2011
4619 Goodland Ave	3	3	2480	$879,000	3/5/2011
4030 Riverton Ave	3	3	2476	$905,000	4/14/2011
11613 Picturesque Dr	3	3	2381	$950,000	4/15/2011
11655 Laurelcrest Dr	5	4	3282	$1,000,000	2/17/2011
4130 Farmdale Ave	4	4	3187	$1,050,000	4/15/2011
11538 Dona Pepita Pl	3	2.5	2398	$1,070,000	3/2/2011
3708 Vantage Ave	4	3	2359	$1,099,000	3/14/2011
13127 Valley Vista	3	3	2528	$1,115,000	3/25/2011
4252 Bakman Ave	5	6	3852	$1,150,000	4/10/2011
4109 Rhodes Ave	4	3	2355	$1,150,000	3/2/2011
11680 Duque Dr	5	5	4514	$1,270,000	3/24/2011
11224 Canton Dr	4	5	3577	$1,300,000	3/8/2011
12701 Hortense St	5	6	3705	$1,300,000	2/16/2011
3671 Buena Park Dr	4	6	4067	$1,334,000	3/30/2011
3115 Dona Emilia Dr	4	3	2886	$1,350,000	3/25/2011
3661 Berry Dr	3	3.5		$1,470,000	4/20/2011
4223 Bellingham Ave	5	5	3917	$1,679,000	4/15/2011
11555 Laurelcrest Dr	4	3.5	5000	$1,925,000	3/25/2011
3171 Brookdale Rd.	5	7	7953	$5,000,000	4/1/2011