House Hunting In Los Angeles - What $1 Million Gets You in 2024
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- Опубликовано: 26 сен 2024
- Today we're house hunting - I'm seriously looking and getting a feel for what is out there in my price range.
Last house hunting video - what $1m gets you in the valley in los angeles: • What $1,000,000 Gets Y...
My real estate agent, Jamie's info:
Jamie Tian
jamietian.com/
jamie@realifirealty.com
www.realifirealty.com
Thank you to the listing agents!
Condo 1: Valeria Leininger and Shelley Aaronson - Southeby's
Condo 2: Sloane Sanders and Kathleen Cartier - Compass
Vlog Channel: / othershelby
Instagram: / shelbychurch
Twitter: @shelbychurch
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For business inquiries please contact shelbychurch@underscoretalent.com
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Ruthe-n8v That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Ruthe-n8v I will give this a look, thanks a bunch for sharing.
Loved the first house, it has that old charm and with some renovations it has so much potential. I get that location wise it may not be the best move but I would pick this one over a suburban neighbourhood any day.
Sale is pending.
Same here. I would remove the loft thing and would have a living room with high ceiling/window.
UPDATE : first one sold for over 1 million on Feb 26,2024
@@stacypeters2856 yeah, they probably over-bid on these prices. 870 k for that? in Canada that's like a small 2-bdrm condo in Toronto
The first one was unbelievable!
And for the price?! Wow! Information on that one...please?
Yeah a cozy closet with no privacy. Bargain!
I like the first condo the most, it's playful and cozy with all little spaces and such. The third is a bit weird, like it too, and leaves you enough to renovate.
You should bring up HOA fee's, home owners insurance and taxes. While doing these videos on looking at places.
Yeah in LA for a condo in hollywood the HOA fees are probably insane.
@@PathwaysOfZen I live in Las Vegas and because of all the forest fires and floods in california . My home owners insurance in nevada when up!. Home owners insurance companies are also leaving california and raising home owners insurance. I would hate to see how much people in california are seeing their rates go up.
I was able to dump on home owners insurance company and go with one way cheaper. I don't think people in california can do that with companies leaving the state.
Agreed. Its not just high fees. Some COA rules are so bad, you should walk away.
@@PathwaysOfZenas an LA resident. HOA fees can range from 200 to 1000.
@@RMS12.2 to 1000? you must not be looking in the right places, I've seen over 2500 a month HOA for a studio - I didn't dare look up 3 bedroom HOA there
Love that first home! Didn't realize you could get really decent condo(s) for under a million in LA ☀
I'm home shopping for myself in LA and there are actually SFH's for 750k if you are willing to live in the SFV valley , Santa Clarita or far out like Glendora etc ... its still considered Los Angeles County but not walkable/more suburban
HOA easily minimum $500 on top of a mortgage on that one FYI
@@Someone-og1yy yeah, nobody actually considers that "LA"
First condo looks like it has good natural light. When a house is painted with lighter colors it gives the rooms appear that it has more light vs darker colors.
That first condo was so beautiful 😍 I don’t think it even needs many changes, it has such a classic look
I’ve been in the building of no. 1. I would vote that unit for a 2 year stay and move on. Location in Hollywood is prime and will always be desired. Idk if that really matches with you though, just thinking investment wise for your first LA purchase.
Im glad you didnt put an offer on the last one, i was thinking "No!, dont do it! The lighting is a deal breaker and youll regret it!" 😊
1st condo one is a steal but neighborhood has to be one that you could make your community. Coffee shops, small restaurants and businesses make a huge difference.
by the freeway?
That north facing one was so cool! It reminded me of Tara Michelle’s, before her reno, but with mid century vibes.
Shelby, I loved your reaction to the built in vacuum. Im so glad you didn't go for the place that was north facing. You and the sun are best buddies!!!
My fiance and I bought a fixer upper in the last townhouse's area (I know exactly which unit this is for sale), so we have pretty much the exact same layout. We aren't flippers, just normal people slowly making this place our own. The previous owner made some small changes in 2009, but otherwise untouched since it was built in 1974. It has been CHALLENGING since we didn't buy it with a reno budget to make changes right away. It was definitely interesting listening to your comments about it as it's pretty much the same as my own home! I'm actually jealous that that owner kept so much wood intact. Our previous owner did the landlord special and slapped bad white paint over all of it, but we have been stripping/sanding to bring the 1970s midcentury charm back.
Shelby, the 1st Condo was perfect for lighting, high celings, added loft, storage, and views!
The 2nd Townhome had excellent lighting with the 2 car garage & pool! Ask Jamie if she knew about Feng Shui, when showing you places? Still I do love home tours! Onward to the next one. 🏖⛵️🏡
The first one was amazing! Such a good price for LA too
Shelby the second townhouse would be the one that I would take because a two car garage in LA is very hard to find.
Your list of requirements is EXACTLY the same as mine. (I could maybeeee survive without the hot tub) maybe we'll be neighbors in the future lol
the first one was so unique ! loved it
Hey Shelby, I went to high school with you! I don't think we ever talked but i found your channel and thought it was cool to see someone I went to school with is a successful RUclipsr! Best of luck to you and great content~
I brought when prices and interest rate were both down, it can happen. More likely interest rate goes down and prices stay the same so payment will be lower. fixer upper means lower property taxes even after the renovation if you don't add bathrooms or bedrooms. you could add a hot tub in the backyard if buying a single family home.
Shelby, you are a true inspiration. Grounded, transparent, logical. ❤❤❤
The first one was absolutely brilliant! Hope you do more of these house tour videos until you buy the one you like.
I prefer townhomes over condos. Condos feel too much like an apartment. A garage is a plus.
Your realtor doesn’t seem to know much about homes. She kinda just agrees with whatever you say. I would find someone older and more familiar with the different housing areas and homes. Great video!
I don't think you can reasonably make that assessment from a fairly short and heavily edited video. For one, I think Shelby probably understands that viewers are most interested in her personal perspective on the homes, so she's gonna edit it to include more of her own comments and opinions.
You’re not seeing the entire conversation. Shelby herself said her realtor was great so I don’t doubt that she knows about homes, condos, and townhomes.
hmm. condo's and townhouses don't really appreciate much from my experience. I think it's much more worth it to find a house that's in the same price range, even if it's further from the city. not to mention renovations are trickier with condo's and townhouses because of hoa
Since you're buying strictly for a short-term investment, I would recommend getting a single family home. These properties are appreciating faster than multi-family dwellings, which is what almost all the new construction in California is. Especially now with the new zoning laws that allow investors to come into single-family neighborhoods and put up to 10 units on a single-family lot. So single-family homes are actually disappearing. I followed my own advice and sold my upscale townhome in 2015 and bought a less expensive single family home in a less fancy, but up and coming area. Now my single family home has doubled in value and is worth as much or more than my old townhome. Plus, I don't have to spend hundreds of dollars a month on an HOA.
I really like the second one. The garage is awesome! Thanks for these tours.
I'd keep looking. Try Culver City. If you do go with one of these, I'd choose 2. If you're dead-set on buying in the urban Los Angeles area, secured private parking where you control entry is critical.
She probably wants to stay north of the 10
the first one is amazing, i wouldn't miss that one
#2 in West LA is great if you can get it for 1.1 million. You are most likely to make more money from this property than the first or last. The outdoor space is great and it looks like people have pride of ownership.
What people don't understand is when the interest rate comes down there will be more inventory. So houses prices won't be as high as now. People need to have patience and wait other year to buy.
That’s true but I still kinda think demand will outpace supply. who knows though!!
@ShelbyChurch I understand what you are saying and it's like gambling. You just never know. Great video and information. Hopefully you will find something soon.
I can't believe the amount of money some young people have. Good on ya, youtube treating people well
OMG first condo looked amazing! But I believe you will not go for that one as you already showed us the location and basically the building lol. Can’t wait to see the one you selected!!
The second one is beautiful. Feels like something you can live in for longer than 2 years if you decide to change your mind😊
I love the first one. Curious to know what the condo fees are.
I would be interested to know what the condo fees/HOA’s on all of these are, maybe Shelby will include that info. on future video’s?
Artists will love that "North Light" condo for a home studio, as its the best to work in.
I loved that first house! I totally could see myself living there lol. Sunny with a California feel to it. I loved the doors. I even loved the kitchen countertop. And the price seemed pretty good.
One thing that wasn’t mentioned is that #1 probably was priced to be a “hot home” that probably involved a bidding war. That happens a lot in LA. I sold my condo recently in Pasadena after getting multiple offers. I then purchased a new place and luckily my offer was accepted right away bc it was the only one and when we were under contract someone came along trying to offer more! I dodged the bidding war but it can get really frustrating from what I’ve heard
Omg, haven't seen Shelby in 4 years, so glad she popped up on my feed. 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
I really liked the first one. Honestly with some changes it seemed perfect for you. ❤
So excited to see the whole process!
Not me living vicariously through Shelby
You're right about buying now. Part of the issue with the scarcity of homes for sale is people unwilling to leave their 3% loans to take on a 7.5% loan. You can always refinance if/when interest rates go down.
The SECOND one at 7:10 looks and feels So Much nicer than [any] of the other ones.. No comparison.
I just want to say that your hair is so so so beautiful in this video! Love the cool tone!
What are the HOA dues for these units? Do the buildings have reserves? So many potential issues with condo ownership, but sadly that’s all that’s (somewhat) affordable in LA.
I am loving that you are taking us along for the tours! ❤ The first one really captured my heart. The views, lighting and layout are amazing and the price point has room to update it to become spectacular. I can appreciate a good fixer-upper, but the third one would be a big no for me too. You can't improve the terrible lighting, small outdated windows, and poor views with new surfaces. It also felt far too expensive for what it is compared to the first two.
The first one has so much character! With a few updates, that place would be so stellar!
HOA's, taxes, earthquake and wildfire inurance on top of the regular insurance. Basically equal to a second mortgage payment. That 3rd listing had the same kitchen/dining/living room set up as my friends detached single home in La Jolla. They bought a fixer upper on a beautiful hillside lot. They remodeled the inside to a gorgeous standard. Looking forward to what home you'll eventually pick.
It's incredible. I'm moving to GA and looking for a comfy house with an open floorplan and a huge kitchen with a lot of counter space, and yet, every house I see has NO counter space. And yet here in that townhouse (the 2nd property), the counter space is a dream. Wow!
Very interesting video. Brings back memories to 1996 when we were in process of finding and buying home in the San Francisco Bay Area. We started out looking in an area 10 miles from San Francisco. Based on home prices, we needed to confine home search to condos and town houses. During our tour of properties we soon discovered a down side of attached housing. We would be touring a property and hear music, foot steps, talking, televisions, etc. from attached units. We 0:02 considered ourself lucky in that we became aware of this issue. We ended up moving our search 10 miles further out and were able to buy a detached house.
Noticed during your video you would see a washer and dryer and would comment that it was nice unit came with washer and dryer. During the time we bought our house, we were made aware that unless otherwise stated, the refrigerator, washer and dryer did not stay with the house. You might check with your agent and confirm that this is still the case.
Great job on your video. Look forward to seeing you tour more properties!
Awesome video. I noticed however, that you said you were trying to avoid getting into the valley. Let me say- I totally understand why that’s become a common sentiment among people who move to LA. I was born and raised in LA and while I was in the valley originally, I’ve been all over and I finally decided to settle at a condo in Studio City. One major reason is the SUSHI among other things (e.g. adjacency to Hollywood/WEHO just over the hill). We have the highest concentration of sushi restaurants than anywhere in LA on Ventura Blvd. It would be amazing if you would consider visiting Studio City in some of your future videos.
Loved the second home.
Buy #1 plz
I’d love to see you redo it.
Just moved to Seattle btw
I love the 2nd home. So cozy.
The Trenton housing market is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
Mind if I ask you to recommend this particular coach you using their service?
'Grace Adams Cook' , is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I can’t get over that first place. An absolute dream!!!
#3 is a bad deal bc only 245k less than #2 it'd take 150k in reno and still have low ceilings and a bad layout and light.
Single family starter homes are a great investment right now.
That'll be like 1.5-2mil so it's way out of the price range for an even smaller amount of space. But I agree if you have the money.
No love for walkable Silver Lake and Los Feliz? Much cooler than West side, in my humble opinion… great restaurants, great hiking, the Greek Theatre close by, and a more authentic vibe all around…. But I understand we all have different views…
Nothing much available.
Yes. We do all have different views, which is why each part of the city is different.
LA is a possible destination for me. If I make it into grad school in LA, it's likely I might stay. Love seeing these real estate videos.
that coo but you should be mad shes making million dollar homes into like 1.5 + ones lol
Hello from Gatlinburg TN, Smoky Mountains...A $100k house here is prob worth $2 mil out there ...Come say hi 🌄🐻🏞️
But then you gotta live in TN 😂
@@AlbertoGutierrez-zv1lo look up Gatlinburg TN Smoky Mountains Park... you're welcome...😅
@@TheGatlinburgHusseybeen there many times. West coast best coast!
@@Socman86 ahh, i understand completely..lol. I'm originally from Newport RI...I do Vlogs Daily here in Gatlinburg..Come say hi..When were you last here for a visit?
@@AlbertoGutierrez-zv1lo
It just has to be one's natural Tennessee
Interesting choices ...what of the HOA and rules on renovation? The one problem I have with Condo/Townhomes is the HOA is so high it sometimes doubles your mortgage. Also, such a limited area to search I am surprised you found 3.
I liked the first one a lottt
First house for me! That to me has potential if it’s renovated
the third one should be 400k less than the second
Happy Birthday Shelby. I wish everyone the best of birthday's and also, I believe that no matter what age we turn in 2024 that everyone should celebrate it in any way that they can and do it the best that they want to with friends and family. It should be celebrated in an awesome way.
The last townhouse you looked at that floor plan is all over the Marina area. Check there.
One of the few places in the country where prices are still up . Very surprising, good luck.
I would be interested in what the condo fees are at each property, they make buying a condo not always the best deal.
WOW, $1 Million for a Popcorn ceiling. Unbelievable
Loved looking around the houses you showed us existed too see what you show next and what you pick.👍🥰
The vibes in the first house were sooooo good!!
The second one is my dream house
Silverlake girl here. Take note that all these condos have HOAs north of $600 a month. Good luck Shelby. I see you in the west side. I think you’ll ultimately be bored in WeHo.
1.3 by a freeway. No bueno.
I loved the first condo. But I liked the one with the garage better. I find that safer for a woman and safer for a car. I absolutely love California. And I wish you the best of luck on your search for a home.
You can easily spend $50k on renovations which is the difference between the first and second examples and would make your house payment just a few more $.
That third house definitely has some stories! 😅 Thanks for sharing, enjoyed this!
Ugh, yes that last one would have been perfect for you if it had been south facing. You can remodel just about anything, but you can’t change the light orientation. Hopefully something else will pop up in that complex. 🤞
Definitely see u getting your license and doing more home videos
What were the HOAs for each?
The ceiling of the second house is so claustrophobic😞
the first town house its AMAZING
Gotta love the $999,000 FIXER Upper
North facing usually is preferred for light because you don’t need awnings or shutters and no heat gain from sun
With a condo or townhouse, are you concerned about monthly HOA fees eating up all your future resale profit?
Do more of these.There is an audience❤
Each house has such great potential. Curious to see what you would have done with that last house. The right home is out there for you!
Enjoyed the tour, you’ll find the perfect place with just enough of a fixer to put your touches on it!
my bf and i just bought our first townhome in laguna. we were sad to leave LA (culver) but just couldn’t find anything within our budget after 2 years looking! thanks for this tour ❤
the first one is actually perfect
Shelby, I loved the font you used in this video. More readable than any others you’ve used for a long time. I hope you make it a favorite going forward.
I don’t know if your editing program gives you this option, but in general on white lettering, if you could increase the dark outline or as a dark shadow behind the words, it would be even better. We watch RUclips on our TV and it’s always really difficult to read white letters on light backgrounds. (On anyone’s videos, not just yours.)
West LA is underrated 🔥
The just love the second house.
the first one is better
So exciting to watch! Good luck 🤞 🎉
The first condo was amazing!!
Hmm, how much are the HOA fees for each? Sometimes they can be surprisingly high.
11:00 Those sliding glass doors are fogged up (seals broken) and affecting the light coming in. I cannot wrap my head around a 1 million dollar fixer upper. wow I'm quite thankful for the real estate market in my area. lol