VIP BAZAAR | Los Angeles 

Attention Commercial Property Buyers & Investors!! I can help you find Hot Deals like the ones below on Income properties all over Los Angeles, even before they hit the market.

Contact me 213 709 5537 or email Matt@VIPBazaar.com

Property No.1
6 units multifamily property for sale in Koreatown $510,000
# Cap Rate:
7.51%
# Gross Rent Multiplier:
8.74
The unit mix is diverse with (2) singles, (1) one bedroom/ one bathroom unit, (1) JR one bedroom/ one bathroom unit, (1) two bedroom/ one bathroom unit, and (1) two and a half bedroom/ two bathroom unit.

Property No.2
Lender Owned 29 units in Echo Park for $1.5mill
GRM: 7.73
CAP: 8.54
Units consist of eleven (11) studio type apartments, thirteen (13) 1BR/1BA units, three (3) 2 BR/1BA units, one (1) 2BR/2BA unit and one (1) 3BR/2BA unit.

Buyers: Call Matt @ 213 709 5537 for great deals on West Hollywood condos
Priced to move quickly. Owner is relocating to NYC. Owner financing available for quick and easy transaction. HOA & Taxes only $375/month total! Most places are $300 just for HOA. Located steps from Formosa cafe and the West Hollywood Gateway Center. Available for showings starting this weekend.

Formosa at Santa Monica Blvd

Buyers: Contact Matt @ 213 709 5537 for viewing this property
Gorgeous renovated large 1924 Tudor house on PARK like grounds in central location close to all. 3 + 2.5 + maid’s room. HUGE backyard 10,756 sq. ft., hedged and gated all around. Additional private landscaped yard for renovated garage. Extra large, grand living room. Large sunroom. New gourmet kitchen with granite and stainless. Hardwood and stone floors. Recessed lighting. Wood burning fireplace. Professional landscaping. Shaded trellis in back. Ample parking.

1016 Hauser
Los Angeles, CA 90019
For Sale by Owner: Dan Bowman 323-574-7113

Time for a New Mortgage Plan
Posted Jul 21, 2009 11:35am EDT by Henry Blodget in Investing, Products and Trends, Recession, Banking, Housing

The general consensus these days is that Obama’s mortgage modification plan has failed. It’s too complex, there’s too much resistance from banks, and there are not enough resources in place to rapidly restructure existing terms.

So, what’s the answer? Just let millions more homeowners default?

No, says professor Luigi Zingales, of the University of Chicago’s Booth School of Business.

Zingales’ answer is something similar to the debt restructuring that bankrupt corporations go through: debt-for-equity swaps in which not only monthly payments but actual principal owed is reduced.

In professor Zingales’ plan, homeowners who are more than 20 percent underwater on their mortgages would have the right to reset the value of the loan to the house’s current value — in exchange for giving half of the future upside to the bank.

From the bank’s perspective, this plan would have the same drawback as today’s mortgage modifications: It would force an immediate writeoff. But if homeowners were given the option, the banks wouldn’t have any choice.

(This would have the added benefit of banks having to come clean about the health of their balance sheets and the value of their loans.)

I was able to search on craigslist for all the 2009 bank owned, short sales, foreclosures, price reductions, builder liquidations homes currently on market in los angeles county. This is a good place to start your search if you are first time homeowner. Hope this helps for all the VIP BAZAAR’s buyers.

2009 Bank Owned LA homes

$469,000 (LP)
4016 Berenice Pl, Los Angeles, CA 90031
Beds: 3 Baths: 3 (2 0 1 0) (FTHQ) Sq Ft: 2085 Lot Sz: 5200sqft Yr: 2008
Remarks
Builder must liquidate. Priced at bare-bottom for quick sale/firm. STAGED MODEL-VIEW HOME. Two-story, custom built & designed with an eye for the future. Vibrant city lights-parks-mtn VIEWS. An attractive, easy to live with, open floorplan, yet defined room uses emerge with-in wide archways, wall cutaways for display or add doors/glass for future storage. Simple kitchen has ample space for more cabinets, dishwasher & granite counter. Upstairs sleeping area unifies two congruent bedrooms, an extra large true Master Suite with it’s luxurient bath & abundant closet. Concrete tile roof, C/A, F/A, 3 car direct access garage & storage. Envision a lush courtyard at street level to improve future value & distinct appeal while creating a practical outdoor space for your personal enjoyment. Get what you need right now, and consider the simple ways you might enhance your investment as you go. Quick commutes to Civic Center, Old Pasadena, Burbank Media, nature preserve, hiking trails and freeways. Realtor: Realtor: Elsa Kim 323 240-8731 mobil 323 254-3966 office
www.elsakim.com

$449,000
4022 Berenice Pl, Los Angeles, CA 90031 Beds: 3 Baths: 3 (2 0 1 0) (FTHQ) Sq Ft: 1700 Lot Sz: 5445sqft Yr: 2008

Remarks
Priced at bare-bottom for quick sale, firm. FULLY STAGED, MODEL VIEW HOME. Custom built, combines 2-stories of metropolitan living, warmth of Tuscan architecture and the room to create future value as you go. Clever floorplan merges open spaces to distinct room uses by broad arches, custom paint, and deceiving wood grain, high end laminate floor. Simple kitchen retains ample room to expand cabinets and additional granite counterspace in the future, as your budget allows. Second floor repose gives way to two similar sized bedrooms sharing a full granite bath and a true Master Suite with its rejuvenating master bath and generous closet. Blank canvas grounds will challenge you to annex an outdoor garden to this fresh new home. You might start with free trees from DWP. Full concrete tile roof, C/A, F/A, direct access 2 car garage & storage. Freeway close, minutes to Civic Center and short commutes to Burbank Media and the eateries of Old Pasadena though this hidden street appeals to the quiet appreciation of coming home.

Countrywide owned properties (lender-owned), also sometimes referred to as REO (real estate owned) homes or properties, are often seen by qualified borrowers as good investment and purchase opportunities. You can use the search tool below to search our inventory of Countrywide owned properties in your area.

1504 STADIUM Way LOS ANGELES, CA 90012
Price: $252,750
Beds: 2
Baths: 2
Sq. Ft.: 1,086
$/Sq. Ft.: $233
Lot Size: -
Property Type: Single Family Residential
Area: Silver Lake – Echo Park
County: Los Angeles
MLS#: 08-265063
Source: TheMLS
Status: Active
On Redfin: 201 days
Unsold in 90+ days
A DODGER FAN’S DREAM COME TRUE! OLD VICTORIAN STYLE HOME LOCATED BEHIND DODGER STADIUM.DETACHED GARAGE BONUS BEDROOM WITHOUT A PERMIT. COZY FRONT PORCH, VERY CUTE HOME, NEEDS YOUR BUYERS T.L.C. Property is now in auction status Commission will now be: 2.5% to listing agent 2.5% to co-op min of $1500 per agent

Motivated seller offers this 3500+ sqft home on 10,000+ sqft ocean view lot in Rancho Palos Verdes. Circumstances force owner to part with this wonderful family home NOW. Enjoy fresh ocean breezes and spectacular sunsets from the comfort of this luxury home conveniently located near Hawthorne Blvd and Palos Verdes Drive West. Wonderfully private location away from the hustle of city life but close enough for a daily commute