Cloud CMA

Buyer Tour

PREPARED FOR

Westwood Homes Open House 8 10 14

AUGUST 10, 2014

INFOCloud CMA

The Homebuying Process

Follow These Steps

Get prequalified - Your lender will look at your income, credit scores, revolving debts, obligations such as child supportas well as the type of loan you choose. Other factors that impact how much home you can buy is the down payment;smaller down payments mean higher monthly payments. Last, the interest rate and terms (30-year, fixed or adjustablerate) will determine what you can afford in monthly payments.

Make your wish list - Decide where you want to live and how many bedrooms and baths you’ll need. Consider lifestyle -condominiums offer shared amenities, with little responsibility. Single-family homes offer more space and privacy, butmuch more exterior and yard maintenance.

Hire a real estate professional - Your real estate professional should be expert in the area where you want to live andfamiliar with the type of home you want to buy. Your agent has house-by-house experience in your neighborhood andcan offer the best advice on homes in your range.

Select your home - No home is perfect, so don’t let minor flaws influence you. Think long-term. Which home best suitsthe activities and needs of your household now and in the years ahead? Don’t buy more than you need or cancomfortably afford.

Make an offer - Your offer depends on the current market. If a home has been on the market a long time, you can askthe seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your realestate professional for advice.

Get an inspection - A home inspection is a professional third-party opinion of the home’s condition. The inspector willpoint out the age of systems, and large and small repairs that are needed, so you’ll know what you’re facing as the nextowner.

Get an appraisal - The bank appraisal determines market value. If the home doesn’t appraise for the purchase price, thebank will refuse to make the loan unless you renegotiate with the seller. If it appraises, the lender will move towardclosing.

Go to closing - Once final negotiations are complete, the parties to the transaction meet at the escrow office. This couldbe a title company, real estate attorney, or whatever is customary in your area. All paperwork is signed by both parties.The lender pays the seller, minus any liens against the home such as the seller’s mortgage. Once all the disbursementshave been made, you get the keys to your new home, according to your agreement. Congratulations! You’re ready tomove into your new home

LISTINGSCloud CMA

Map of All Listings

MLS # Status Address Price

1 14776501 A 818 DEVON AVE, Los Angeles $3,495,000

2 14770289 A 11137 MONTANA AVE, Los Angeles $2,945,000

3 14775115 A 1035 WESTHOLME AVE, Los Angeles $2,649,000

4 14778915 A 1507 MIDVALE AVE, Los Angeles $2,395,000

5 14783651 A 463 S BENTLEY AVE, Los Angeles $2,295,000

6 14781867 A 10712 LINDBROOK DR, Los Angeles $1,725,000

7 14784087 A 2226 KERWOOD AVE, Los Angeles $1,699,000

8 14766131 A 2148 MANNING AVE, Los Angeles $1,399,500

Status: A = Active

MLS#14776501

Cloud CMA

Property Details

$3,495,000818 DEVON AVE, Los Angeles

Courtesy of Partners Trust - Ocean ParkLISTING INFORMATION

MLS#: 14776501 Beds: 3 Sq Ft: 3,168 List Date: 7/14/14

Status: Active Baths: 3/2/0/0 Year Built: 1940 DOM: 27

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Freezer,Garbage Disposal,Refrigerator,Washer; Interior:Bar; Floors: Carpet,Linoleum,Wood; Cooling: None; Heating: Central Furnace; View: Park Or Green BeltView; TB map code: 632C2; Zoning: LAR1; CDOM: 27; Lotsize: 15223;

REMARKS

Set above the street, quality, character and charm begin to define this stately red brick 1940's Traditional home.Grand living room with beamed ceilings, formal dining and a quintessential "Mad Men" wood paneled den withbuilt in bar and banquet make for an exquisite palette for modern finishes. Beyond the great scale throughout, agracious swimmers pool and matching cabanas, lawns and garden, the site setting and 15,200+ lot affords privacy forthose who appreciate understated elegance with the opportunity to bring in today's refinements.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14776501

How do you rate this property?

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Buyer Comments

$3,495,000818 DEVON AVE, Los Angeles

Courtesy of Partners Trust - Ocean ParkLISTING INFORMATION

MLS#: 14776501 Beds: 3 Sq Ft: 3,168 List Date: 7/14/14

Status: Active Baths: 3/2/0/0 Year Built: 1940 DOM: 27

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14776501

Cloud CMA

Listing Photos

$3,495,000818 DEVON AVE, Los Angeles

MLS#14776501

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More Listing Photos

$3,495,000818 DEVON AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants

$3,495,000818 DEVON AVE, Los Angeles

Name Type Distance Rating

Craft American (New) 1.03 mi1167 reviews

Da Pasquale Restaurant Italian, Pizza 1.16 mi324 reviews

Spago American (New), Asian Fusion, Japanese 1.75 mi1049 reviews

The Stinking Rose: A Garlic Restaurant Italian, American (New), Steakhouses 2.97 mi2211 reviews

The Little Door French, Seafood, Steakhouses 3.49 mi1099 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 3.87 mi477 reviews

Animal American (New) 3.88 mi2285 reviews

Angelini Osteria Italian 4.56 mi951 reviews

Melisse French, Seafood 4.74 mi759 reviews

Genwa Korean Bbq Korean, Barbeque 5.0 mi1550 reviews

Providence Seafood 5.71 mi1689 reviews

Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.87 mi1557 reviews

MLS#14770289

Cloud CMA

Property Details

$2,945,00011137 MONTANA AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14770289 Beds: 5 Sq Ft: 2,778 List Date: 6/18/14

Status: Active Baths: 3/0 Year Built: 1929 DOM: 53

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Refrigerator,Washer; Exterior: Brick,Brick and Wood;Interior: Basement,Built-Ins,Turnkey; Kitchen: Counter Top; Floors: Hardwood; Roof: Composition; MelloRoos: Unknown; Cooling: Central A/C; Heating: Central Furnace; View: Mountain View,Tree Top View; TBmap code: 631J2; Zoning: LAR1; Pool: Heated,Private Pool; Spa: None; Patio: Patio Open; CDOM: 53;Lot description: Back Yard,Fenced Yard,Landscaped,Lawn,Yard; Lotsize: 12459;

REMARKS

Prominently positioned high above Montana Avenue in the well sought after Westwood Hills area of Los Angeles, isthe meticulously designed masterpiece by the talented Architect, Harry Hayden Whiteley. This stately 5 bedroom/3bathroom home embodies the warmth, style, and integrity from its original 1929 origin, and has been updated tohonor the contemporary flair of today. Upon entering the grand brick-laden entry you will discover; hardwood floorsthroughout, a formal living room with fireplace and French doors leading to a covered veranda, an elegant formaldining room that opens to both the kitchen and charming breakfast nook. 4 bedrooms upstairs overlook the lushlylandscaped front and back yards, expansive pool and cabana. This home was clearly designed for graciousentertaining, as evidenced by its decidedly understated noble appearance.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14770289

How do you rate this property?

Cloud CMA

Buyer Comments

$2,945,00011137 MONTANA AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14770289 Beds: 5 Sq Ft: 2,778 List Date: 6/18/14

Status: Active Baths: 3/0 Year Built: 1929 DOM: 53

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14770289

Cloud CMA

Listing Photos

$2,945,00011137 MONTANA AVE, Los Angeles

MLS#14770289

Cloud CMA

More Listing Photos

$2,945,00011137 MONTANA AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants

$2,945,00011137 MONTANA AVE, Los Angeles

Name Type Distance Rating

Craft American (New) 2.51 mi1167 reviews

Da Pasquale Restaurant Italian, Pizza 2.79 mi324 reviews

Spago American (New), Asian Fusion, Japanese 3.38 mi1049 reviews

Melisse French, Seafood 3.71 mi759 reviews

Il Cielo Italian 3.92 mi535 reviews

Tar & Roses American (New) 4.14 mi965 reviews

The Stinking Rose: A Garlic Restaurant Italian, American (New), Steakhouses 4.6 mi2211 reviews

The Little Door French, Seafood, Steakhouses 5.11 mi1099 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 5.45 mi477 reviews

Angelini Osteria Italian 6.18 mi951 reviews

Genwa Korean Bbq Korean, Barbeque 6.63 mi1550 reviews

Providence Seafood 7.31 mi1689 reviews

MLS#14775115

Cloud CMA

Property Details

$2,649,0001035 WESTHOLME AVE, Los Angeles

Courtesy of Sotheby's International RealtyLISTING INFORMATION

MLS#: 14775115 Beds: 5 Sq Ft: 4,050 List Date: 7/7/14

Status: Active Baths: 2/2/1/0 Year Built: 1951 DOM: 34

FEATURES

Status details: Active; Floors: Wood Under Carpet; Cooling: Air Conditioning; Heating: Central Furnace;View: City View; TB map code: 632C2; Zoning: LAR1; Patio: Covered Porch; CDOM: 34; Lot description:Fenced; Lotsize: 6888;

REMARKS

Walk down a stunning, tree-lined street to this showpiece home featuring 5 bedrooms, 4.5 baths. Perfectly manicuredoutdoor spaces, featuring grape vines, citrus trees & tiered grassy areas with drip irrigation. Home features gorgeouswood floors in common areas, and a desirable bedroom layout with new carpets, great closets & crown molding ineach. Master bedroom is bright and spacious looking out to the beautifully manicured garden area, with his and herswalk in closets and lovely bathroom. Cooks kitchen with stainless steel appliances, beautiful tile floors, gorgeouscounter tops and French doors leading to a lovely patio area. Plenty of room to entertain with formal dining room,and two living rooms with fireplaces, as well as a den. Enjoy the cedar-lined, 500+bottle wine cellar, and loads ofstorage throughout the home. A true oasis, sure to impress!

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14775115

How do you rate this property?

Cloud CMA

Buyer Comments

$2,649,0001035 WESTHOLME AVE, Los Angeles

Courtesy of Sotheby's International RealtyLISTING INFORMATION

MLS#: 14775115 Beds: 5 Sq Ft: 4,050 List Date: 7/7/14

Status: Active Baths: 2/2/1/0 Year Built: 1951 DOM: 34

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14775115

Cloud CMA

Listing Photos

$2,649,0001035 WESTHOLME AVE, Los Angeles

MLS#14775115

Cloud CMA

More Listing Photos

$2,649,0001035 WESTHOLME AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants

$2,649,0001035 WESTHOLME AVE, Los Angeles

Name Type Distance Rating

Craft American (New) 1.16 mi1167 reviews

Da Pasquale Restaurant Italian, Pizza 1.56 mi324 reviews

Spago American (New), Asian Fusion, Japanese 2.12 mi1049 reviews

The Little Door French, Seafood, Steakhouses 3.88 mi1099 reviews

Melisse French, Seafood 4.21 mi759 reviews

Animal American (New) 4.32 mi2285 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 4.33 mi477 reviews

Tar & Roses American (New) 4.58 mi965 reviews

Angelini Osteria Italian 4.97 mi951 reviews

Genwa Korean Bbq Korean, Barbeque 5.34 mi1550 reviews

Providence Seafood 6.14 mi1689 reviews

Soowon Galbi KBBQ Restaurant Korean, Barbeque 8.19 mi1557 reviews

MLS#14778915

Cloud CMA

Property Details

$2,395,0001507 MIDVALE AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14778915 Beds: 3 Sq Ft: 3,311 List Date: 7/18/14

Status: Active Baths: 3/1 Year Built: 2002 DOM: 23

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors:Hardwood,Tile (N); Cooling: Central A/C; Heating: Central Furnace; View: No View; TB map code: 632B4;Zoning: LAR1; Patio: Covered Porch,Patio Open; CDOM: 23; Lotsize: 7096;

REMARKS

Appealing, high-end, newer Mediterranean Westwood home boasts a very popular, central location, close to shopping& dining along Westwood Blvd & in the Village. On a larger, nicely landscaped lot, the floor-plan is ideal for today'sbuyer seeking an open, inviting, entertainer's flow. Light, bright & uplifting everywhere. Lovely Living Room w/fireplace. Amply sized Formal Dining Room, each located off the wide open Entryway. Cook's Kitchen, complete w/quality cabinetry & stainless steel appliances w/ a lot of extras. Great Room w/ bar, another fireplace which opens toa wonderful backyard. Upstairs are three bedrooms including a fantastic Master Suite w/ soaring ceilings, a balcony,large closet & sumptuous, spa-like bath w/ an oversized steam shower/soaking tub. Open Den area upstairs, could beeasily enclosed to create a 4th bedroom space. The lush backyard features lounging & pl...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14778915

How do you rate this property?

Cloud CMA

Buyer Comments

$2,395,0001507 MIDVALE AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14778915 Beds: 3 Sq Ft: 3,311 List Date: 7/18/14

Status: Active Baths: 3/1 Year Built: 2002 DOM: 23

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14778915

Cloud CMA

Listing Photos

$2,395,0001507 MIDVALE AVE, Los Angeles

MLS#14778915

Cloud CMA

More Listing Photos

$2,395,0001507 MIDVALE AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants

$2,395,0001507 MIDVALE AVE, Los Angeles

Name Type Distance Rating

Craft American (New) 1.56 mi1167 reviews

Da Pasquale Restaurant Italian, Pizza 2.17 mi324 reviews

Spago American (New), Asian Fusion, Japanese 2.68 mi1049 reviews

Melisse French, Seafood 3.49 mi759 reviews

The Stinking Rose: A Garlic Restaurant Italian, American (New), Steakhouses 3.82 mi2211 reviews

Tar & Roses American (New) 3.84 mi965 reviews

The Little Door French, Seafood, Steakhouses 4.42 mi1099 reviews

Animal American (New) 4.9 mi2285 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 4.95 mi477 reviews

Angelini Osteria Italian 5.51 mi951 reviews

Genwa Korean Bbq Korean, Barbeque 5.76 mi1550 reviews

Providence Seafood 6.7 mi1689 reviews

MLS#14783651

Cloud CMA

Property Details

$2,295,000463 S BENTLEY AVE, Los Angeles

Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION

MLS#: 14783651 Beds: 3 Sq Ft: 2,532 List Date: 8/6/14

Status: Active Baths: 2/1/1/0 Year Built: 1940 DOM: 4

FEATURES

Status details: Active; Floors: Hardwood; Cooling: Central A/C; Heating: Central Furnace; View: No View;TB map code: 631J2; Zoning: LAR1; Patio: Patio Open; CDOM: 4; Lot description: Room for a Pool (N);Lotsize: 9827;

REMARKS

STUNNING REMODEL OF A CLASSIC & SPACIOUS 1STY TRADITIONAL. 3 BD 3.5BA + FULL GUESTHOUSE (OVER 900 SQ FT PER APPRAISER) AT THE REAR OF THE LOT. FAB NEWER KITCH AND BATHS.SUNLIT RMS WITH ELEGANT DARK WD FLRS, HI CLNGS, FRENCH DRS. KITCH/FAM RMCOMBINATION OPENS TO LARGE PRIVATE GRASSY YARD. GUEST HOUSE HAS 'GREAT' RM/FP/BA/KITCH/SEP YARD. REMARKABLE CURB APPEAL ON PREFERRED STREET IN THE WARNER AVENUEELEMENTARY DISTRICT PROXIMATE TO ALL AMENITIES!

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14783651

How do you rate this property?

Cloud CMA

Buyer Comments

$2,295,000463 S BENTLEY AVE, Los Angeles

Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION

MLS#: 14783651 Beds: 3 Sq Ft: 2,532 List Date: 8/6/14

Status: Active Baths: 2/1/1/0 Year Built: 1940 DOM: 4

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14783651

Cloud CMA

Listing Photos

$2,295,000463 S BENTLEY AVE, Los Angeles

MLS#14783651

Cloud CMA

More Listing Photos

$2,295,000463 S BENTLEY AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants

$2,295,000463 S BENTLEY AVE, Los Angeles

Name Type Distance Rating

Craft American (New) 2.61 mi1167 reviews

Da Pasquale Restaurant Italian, Pizza 2.95 mi324 reviews

Melisse French, Seafood 3.47 mi759 reviews

Spago American (New), Asian Fusion, Japanese 3.53 mi1049 reviews

Tar & Roses American (New) 3.91 mi965 reviews

Il Cielo Italian 4.08 mi535 reviews

The Stinking Rose: A Garlic Restaurant Italian, American (New), Steakhouses 4.75 mi2211 reviews

The Little Door French, Seafood, Steakhouses 5.28 mi1099 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 5.63 mi477 reviews

Angelini Osteria Italian 6.35 mi951 reviews

Genwa Korean Bbq Korean, Barbeque 6.77 mi1550 reviews

Providence Seafood 7.49 mi1689 reviews

MLS#14781867

Cloud CMA

Property Details

$1,725,00010712 LINDBROOK DR, Los Angeles

Courtesy of Hilton & HylandLISTING INFORMATION

MLS#: 14781867 Beds: 3 Sq Ft: 2,567 List Date: 7/30/14

Status: Active Baths: 2/1 Year Built: 1938 DOM: 11

FEATURES

Status details: Active; Appliances: Dishwasher,Garbage Disposal; Floors: Hardwood,Stone (N); Cooling:Central A/C; Heating: Central Furnace; View: No View; TB map code: 632B3; Zoning: LAR1; CDOM: 68;Lotsize: 8101;

REMARKS

Location Location Location. Situated on a quaint tree lined street in Little Holmby sits this great 3 bedroom 3updated baths traditional home. With access to the best schools, UCLA and village shops this is one of the mostdesirable areas to live in. This home features an updated kitchen, an original breakfast nook, a formal living room,formal dinning room, and a family room that overlooks the grassy back yard. Gleaming wood floors and tons ofarchitectural detail throughout are only a few of the charming features this home offers. This home is loaded withtons of closet space, a detached 2-car garage and is move-in ready.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14781867

How do you rate this property?

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Buyer Comments

$1,725,00010712 LINDBROOK DR, Los Angeles

Courtesy of Hilton & HylandLISTING INFORMATION

MLS#: 14781867 Beds: 3 Sq Ft: 2,567 List Date: 7/30/14

Status: Active Baths: 2/1 Year Built: 1938 DOM: 11

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14781867

Cloud CMA

Listing Photos

$1,725,00010712 LINDBROOK DR, Los Angeles

MLS#14781867

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More Listing Photos

$1,725,00010712 LINDBROOK DR, Los Angeles

COMMUNITYCloud CMA

Area Restaurants

$1,725,00010712 LINDBROOK DR, Los Angeles

Name Type Distance Rating

Craft American (New) 1.26 mi1167 reviews

Da Pasquale Restaurant Italian, Pizza 1.7 mi324 reviews

Spago American (New), Asian Fusion, Japanese 2.26 mi1049 reviews

The Stinking Rose: A Garlic Restaurant Italian, American (New), Steakhouses 3.46 mi2211 reviews

The Little Door French, Seafood, Steakhouses 4.02 mi1099 reviews

Melisse French, Seafood 4.05 mi759 reviews

Tar & Roses American (New) 4.42 mi965 reviews

Animal American (New) 4.46 mi2285 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 4.48 mi477 reviews

Angelini Osteria Italian 5.11 mi951 reviews

Genwa Korean Bbq Korean, Barbeque 5.46 mi1550 reviews

Providence Seafood 6.28 mi1689 reviews

MLS#14784087

Cloud CMA

Property Details

$1,699,0002226 KERWOOD AVE, Los Angeles

Courtesy of Keller Williams Rlty-Marina/LALISTING INFORMATION

MLS#: 14784087 Beds: 3 Sq Ft: 1,991 List Date: 8/8/14

Status: Active Baths: 3/0 Year Built: 1946 DOM: 2

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors: Hardwood;Cooling: Central A/C; Heating: Central Furnace; View: No View; TB map code: 632E4; Zoning: LAR1;CDOM: 2; Lotsize: 6624;

REMARKS

Extensively remodeled single level 3 bedroom, 3 bathroom home boasting nearly 2000 square feet of living space,plus a large detached studio offering approx 500 square feet. Gourmet kitchen with quartz counter tops, customcabinets, large center island and stainless steel appliances opens to spacious dining/living area with inviting fireplace.Over-sized master with walk in closet and upgraded en-suite bath. Attached 2 car garage. Westwood CharterSchool.****Pictures to be uploaded in the MLS tomorrow****

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14784087

How do you rate this property?

Cloud CMA

Buyer Comments

$1,699,0002226 KERWOOD AVE, Los Angeles

Courtesy of Keller Williams Rlty-Marina/LALISTING INFORMATION

MLS#: 14784087 Beds: 3 Sq Ft: 1,991 List Date: 8/8/14

Status: Active Baths: 3/0 Year Built: 1946 DOM: 2

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14784087

Cloud CMA

Listing Photos

$1,699,0002226 KERWOOD AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants

$1,699,0002226 KERWOOD AVE, Los Angeles

Name Type Distance Rating

Craft American (New) 0.61 mi1167 reviews

Da Pasquale Restaurant Italian, Pizza 1.35 mi324 reviews

Spago American (New), Asian Fusion, Japanese 1.65 mi1049 reviews

The Stinking Rose: A Garlic Restaurant Italian, American (New), Steakhouses 2.62 mi2211 reviews

The Little Door French, Seafood, Steakhouses 3.26 mi1099 reviews

Animal American (New) 3.79 mi2285 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 3.9 mi477 reviews

Angelini Osteria Italian 4.33 mi951 reviews

Genwa Korean Bbq Korean, Barbeque 4.48 mi1550 reviews

Melisse French, Seafood 4.57 mi759 reviews

Providence Seafood 5.53 mi1689 reviews

Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.26 mi1557 reviews

MLS#14766131

Cloud CMA

Property Details

$1,399,5002148 MANNING AVE, Los Angeles

Courtesy of Keller Williams Rlty BrentwoodLISTING INFORMATION

MLS#: 14766131 Beds: 3 Sq Ft: 2,400 List Date: 6/2/14

Status: Active Baths: 3/0 Year Built: 1928 DOM: 69

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors:Carpet,Hardwood,Mixed (N),Slate; Cooling: Central A/C,Wall Unit(s),Ceiling Fan(s); Heating: CentralFurnace,Gravity Heating; View: Park Or Green Belt View; TB map code: 632D5; Zoning: LAR1; Spa: HotTub; CDOM: 69; Lotsize: 6751;

REMARKS

Large single story Spanish style home with front courtyard and private rear patio area. Very spacious livingroom offentryway with warming fireplace. Separate dining and breakfast rooms off the remodeled kitchen with newer highquality appliances. Family room and Master bedroom and master bathroom were added with permits in 2008.Separate office/guest house/casita in rear of property. Convenient to nearby restaurants, shops, movie theaters. Greatnearby schools. Agents Read Private Remarks

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14766131

How do you rate this property?

Cloud CMA

Buyer Comments

$1,399,5002148 MANNING AVE, Los Angeles

Courtesy of Keller Williams Rlty BrentwoodLISTING INFORMATION

MLS#: 14766131 Beds: 3 Sq Ft: 2,400 List Date: 6/2/14

Status: Active Baths: 3/0 Year Built: 1928 DOM: 69

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14766131

Cloud CMA

Listing Photos

$1,399,5002148 MANNING AVE, Los Angeles

MLS#14766131

Cloud CMA

More Listing Photos

$1,399,5002148 MANNING AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants

$1,399,5002148 MANNING AVE, Los Angeles

Name Type Distance Rating

Craft American (New) 1.05 mi1167 reviews

Da Pasquale Restaurant Italian, Pizza 1.8 mi324 reviews

Spago American (New), Asian Fusion, Japanese 2.16 mi1049 reviews

The Little Door French, Seafood, Steakhouses 3.79 mi1099 reviews

Melisse French, Seafood 4.03 mi759 reviews

Tar & Roses American (New) 4.31 mi965 reviews

Animal American (New) 4.33 mi2285 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 4.43 mi477 reviews

Angelini Osteria Italian 4.87 mi951 reviews

Genwa Korean Bbq Korean, Barbeque 5.0 mi1550 reviews

Providence Seafood 6.06 mi1689 reviews

Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.76 mi1557 reviews

INFOCloud CMA

What Are Your Homebuying Goals?

With the dramatic rise and fall of housing prices over the last decade, consumers have new respect for homes asinvestments. But the flip side, is that your investment is still a home, one you’re likely to occupy for several years ormore.

Ownership

According to the annual Profile of Home Buyers and Sellers, compiled by the National Association of REALTORS®, theprimary reason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire for morespace, and a change in the family situation.

For most people, buying a home is more about giving household members more comfortable living arrangements andputting them closer to jobs, favorite activities, other family and friends. What are your goals for buying a home? Youmight want a better home and neighborhood. You might want a different kind of living experience, such as moving froman apartment to a single-family home with a private garage and yard. Your family may be growing, so you have to thinkabout school districts and proximity to parks and other recreation.

If you’re not certain, you might think about what would change about your situation if you became a homeowner. You’lldefinitely be more established. If you’re like most homebuyers, you expect to stay in your new home about 10 years.

Equity

You’ll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation willeventually allow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may alsobe an important factor for you. The combination of low interest rates and low prices allows you to buy more home forthe money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factorin tax incentives such as mortgage interest deductions and property taxes allowable as deductions against your income.

When you buy, make your goals long-term. Choose the home you think will serve your household’s needs the best for thelongest period of time, as it’s been proven that the longer you own a home, the more equity you’ll build. Today’s marketconditions and affordability, make it more likely that you will reach your homebuying goals, no matter what they are.

INFOCloud CMA

How to Decide Which Home to Buy

Buying a home is a long-term commitment. The home you buy should be affordable, yet offer the size, features andamenities you and your family want.

Affordability

Your monthly payments should be comfortable for you to handle, in relationship to your total obligations, about 28%of gross monthly income. Your house payment and your debts should not exceed 36% of your income, includingrevolving credit, student loans, and child support. You should also be in the correct loan for your needs. A fixed rate ismore expensive, but offers more protection than an adjustable rate mortgage that can reset to a higher amount, makingyour monthly payments higher.

Also, consider the monthly operating costs of the home including utilities, HOA fees, landscaping, commuting, andother costs.

Location

Location is about convenience, and you’ll pay a premium to be closer to work centers, parks, shopping andtransportation. You can buy a smaller home, or you can buy a home in need of updates to get closer to where you needto be. Think about your commutes to frequent destinations, including jobs, schools, family and friends. To get “morehouse,” you may have to move further away from core city centers.

Features

Make a list of must-have features so you can narrow your home search. A front porch, a two-car garage, hardwood floors,and eat-in kitchen can all add to the enjoyment of your home. Just as important is how your home is designed. Thenumber of bedrooms and baths should suit your household members, and the layout should suit your lifestyle. If youlike to entertain, you should have plenty of dining space and storage for dishes and cookware. If you frequently work athome, you’ll need a home office or at least a quiet designated workspace. Just make sure the home you choose allowsroom for your family to grow.

Talk to your lender and see what you can qualify to buy, then talk with your real estate professional about the home youhave in mind. With professional guidance, you should be able to find and buy the home of your dreams, where you’ll behappy for a long time to come.

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Lower Price or Lower Interest Rate

Which Is Better?

In a buyer’s market, buyers wait for signs that prices are going lower. In a seller’s market, buyers don’t wait because they’reafraid prices will go higher. Both markets move on the fear of paying too much.

Right now, buyers have the best of both worlds – home prices have rolled back to nearly a decade ago, and mortgageinterest rates are at record lows. Yet, many buyers are still waiting for a sign that it’s the right time to buy.

Should you wait for lower prices or lower interest rates before you jump in? Consider the following:

The price of a home is fixed. Buyers have figured out that interest rates can change, so they wait for prices to go lower,but what they don’t realize is that prices have to drop significantly to equal a minor fluctuation in mortgage interest rates.

Mortgage Calculator

A quick visit to a mortgage calculator will show you the following:

• If you buy a home at $200,000 and a 30-year, fixed-rate mortgage at 4.5%, your monthly payment will be $1,013.37and you’ll pay $164,813.42 in interest over the life of the loan.

• The same home at 5% interest costs $1,073.64, a difference of $60.27 more per month and $186,511.57 in interestover the life of the loan. The difference in interest payments alone is $21,698.15.

• If your home dropped 5% in value and you were able to buy it at $190,000 and 4.5% interest, your payment wouldbe $962.70, a difference of $50.67 per month, with $156,572.75 in interest over the life of the loan. You’d save $50.67per month than if you’d paid $200,000.

• At 5%, your $190,000 home costs $1019.96, or $53.68 more per month than if you’d gotten the loan at 4.5%. Yourinterest payments would total $177,185.99 over the life of the loan. The difference in payments is $20,613.24.

Home prices today are well below the peak of the housing boom in 2005, and mortgage interest rates are at all-time lows.Sooner or later one of them will move up.

Why not buy while both are low?

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Your Down Payment

Good News

Lately, it’s been in the news that credit is tight, but if you believe that you need 20% down and perfect credit to buy ahome, you may have good news coming.

Loans are available with as little as zero down through the Veterans Administration, for veterans and active-duty military.FHA has programs as low as 3.5 percent down for qualifying borrowers who buy within maximum loan limits, up to$625,000.

Credit Score

Borrowers with less than perfect credit can get loans as well. Higher credit scores help qualify borrowers for better rates.For example, if you have a credit score of 720 or better, you can buy a home through FHA with 10% down.

The rule of thumb is simple – less money down requires a higher credit score and vice versa.

A down payment is simply your way of showing the lender that you are willing to risk your money to buy the home youwant. The larger the down payment, the more likely the lender is to make the loan.

The credit score will tell you how much money you have to put down; it’s a factor in your interest rate. If you put 20percent down, you can get a loan even if you have a low credit score of 580 or 620. If you have a 740 or 760, the lenderwill go with less money down.

First Time Buyers

It also matters where the down payment money is coming from. Lenders expect first-time buyers to get help from familyto buy a home, so there may be limits to the size or percentage of the down payment gift that the lender will allow.

Down payment assistance can also come from grants. The FHA no longer allows seller-assisted down payments, but doesprovide a link to national organizations that may be of help. Also, check your local housing authority to see if there aregrants available in your area.

Talk to your lender before you make an offer. Get prequalified, and be up front about the source of your down paymentmoney. A good lender will explain the true costs of borrowing to you so you can comfortably afford the home you wantas well as the monthly payments.

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Making an Offer

Before you submit an offer, have your agent pull up the most recent sold comparables (CMA) within a reasonable radiusof the home, so you can compare the home fairly in terms of location, size, features, and amenities. Next, ask your agentabout market conditions, so you can choose a strategy.

Strategy

In a buyer’s market, discounts are common because there are fewer buyers, more properties for sale, and home prices aresoft or falling. In a seller’s market, homes sell quickly for full price or higher because there are plenty of buyers and fewhomes for sale. Whether you are in a buyer’s market or a seller’s market, your goal is to buy the home at a fair price. Ifyou were the seller, what is the lowest possible price you’d accept?

Risk

Low-balling the seller is risky. If the seller feels insulted by your offer, you’ve lost the opportunity to negotiate. On theother hand, some sellers are simply unrealistic about their home’s value. Maybe your offer will be their wake-up call. Ifthe seller’s home is offered at a reasonable price, pay asking price or close to it. A home priced to sell will sell quickly.

Is there a way to sweeten your offer with a quick closing or an all-cash sale? To show the seller you’re serious, include acopy of your lender’s pre-approval letter, along with a cover letter summarizing your strengths as a buyer in terms ofcreditworthiness, flexibility in closing, and why you love this home. Include a copy of your comparables to show whyyou feel your offer is a fair price for the property. If your offer is conditional, such as your need to sell another homebefore closing on the seller’s, you’ll have to find a way to sweeten the deal, such as a full-price offer. Few sellers wouldaccept a discount and a contingency at the same time.

Reward

Your real estate professional will help you draft the offer with a price, estimated closing date, and terms, includingearnest money (a guarantee that you’ll perform as a buyer in good faith), final approval by your lender, and your right tohave an inspection. Once your offer is negotiated and accepted, your earnest money will be sent to the escrow agent'soffice. Now the inspections occur, and this is where the contract negotiations can break down. During the inspectionprocess, the inspector will tell you about the condition of appliances, heat and cooling systems, roofs, electrical andplumbing systems, etc, and if your future home is up to current city codes. You should only renegotiate a repair when itwasn’t obvious before, or when a system is unsafe or not functioning. Once the seller has agreed, your offer is now abinding contract, and you’ll proceed to closing.

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Scott McIntoshColdwell Banker

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