Shandrow Group » Orange County Real Estate

Two Bedroom, Two Bath Condo with One Car Garage in Huntington Beach, California (Video)

Mark Shandrow — Sun, 15 Jan 2012 15:34:18 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Check out this new Bank of America 2 bedroom, 2 bath condo in Huntington Beach. This unit features outdoor patio, open floor plan and attached garage.

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Another Onslaught of Foreclosures About to Explode

Mark Shandrow — Mon, 06 Jul 2009 20:52:53 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Get ready! We’re not even close to seeing even an inkling of a slowdown in the onslaught of foreclosures.Â This just in from Los Angeles Times real estate writer Don Lee:

“Mortgage defaults have surged to record levels amid rising unemployment and falling home prices. Lenders are expected to move quickly to clear up backlogs as moratoriums on foreclosures expire.

Reporting from Washington — Just as the nation’s housing market has begun showing signs of stabilizing, another wave of foreclosures is poised to strike, possibly as early as this summer, inflicting new punishment on families, communities and the still-troubled national economy.

Amid rising unemployment and falling home prices, mortgage defaults have surged to record levels this year. Until recently, many banks have put off launching foreclosure action on the troubled properties, in part because they had signed up for the Obama administration’s home-stability plan, which required them to consider the alternative of modifying loans to make it easier for borrowers to make payments.

Just how big the foreclosure wave will be is unclear. But loan defaults are up sharply. And with many government and banks’ self-imposed foreclosure moratoriums expiring, the biggest lenders indicate that they are likely to move more aggressively to clear up a backlog of troubled mortgages.

Nationally, home sales have been steadying, thanks largely to an abundance of cheap foreclosed properties, government incentives and record low mortgage rates. Housing construction starts have flattened out, helping to bring supply into balance with demand. The rate of housing price declines has slowed as well, even turning up in some communities.

But rising foreclosures will depress home values, pushing more homeowners underwater. Mark Zandi of Moody’s Economy.com estimates that 15.4 million homeowners — or about 1 in 5 of those with first mortgages — owe more on their homes than they are worth.

Also, consumer confidence is already exceedingly low, and another jolt to the housing market could further crimp spending, which has been pummeled by the deep recession and persistent weakness in the job market. The latest unemployment rate, for June, rose to 9.5%, and many analysts predict that it will keep rising until the middle of next year.

The rapid pace of layoffs is of particular concern. Employers shed nearly a half-million jobs in June. Homeowners who are out of work have little chance of having their mortgages modified. That puts many homeowners on a collision course with banks that are preparing to take a more aggressive stance.

“Absolutely,” Chase Bank spokesman Tom Kelly said when asked about an impending surge in foreclosures. Since April 6, Chase has approved modifying 138,000 loans under Obama’s program. But an undisclosed number of other Chase borrowers didn’t meet modification eligibility, and many of those homeowners face possible foreclosure.

Separate from that group, Kelly said, Chase is proceeding to deal with an additional 80,000 borrowers in default whose foreclosure process had been voluntarily halted by the lender starting late last year.

Bank of America, the nation’s largest servicer of home mortgages, also did not release the volume of likely foreclosures. The bank said it had extended offers to modify loans to more than 45,000 borrowers under the Obama plan. Bank of America spokesman Dan Frahm said the company was projecting a “slow increase” in the number of monthly foreclosures, potentially reaching 30% above previous normal levels.

Much will depend on how quickly lenders can push the process along. It generally takes three months to a year from the time a borrower receives a notice of default to a foreclosure sale, in which case the lender usually takes title to the property.

Government and company reports show that the number of completed foreclosures nationwide slowed sharply late last year and into early this year, largely because of various moratoriums in effect during much of the first quarter.

But anecdotal reports indicate that foreclosure sales have started to climb again in the second quarter. And the pipeline is clearly getting fuller.

In the first quarter, some 1.8 million homeowners nationwide fell behind on their loans by 60 to 90 days, a 15% increase from the prior quarter, according to Moody’s Economy.com. The research firm said that loan defaults rose sharply as well, to 844,000 in the first three months of this year.

California accounts for an outsized share of mortgage loan defaults. A stunning 135,431 homeowners in the state were hit with notices of default in the first quarter, an increase of 11% from the earlier peak in the second quarter of 2008, according to real estate information service MDA DataQuick. Foreclosure sales in the state have been moderating after averaging a high of 26,500 a month last summer.

In some communities such as Stockton, Calif., where the real estate market has been among the hardest hit in the nation with home prices plunging 60% in the last two years, many people are expecting a large increase in foreclosures.

Sales of foreclosed houses soared last year as investors and first-time home buyers swarmed over what were considered bargain houses. This year it’s been unusually quiet, says Jerry Abbott, a broker and co-owner of Grupe Real Estate in Stockton. That doesn’t make sense, he said, because he sees many houses in foreclosure in the city.

But just recently, said the 37-year real estate veteran, there’s been a surge of requests for so-called broker price opinions, or appraisals that lenders often ask brokers to provide just before they put a foreclosed property on the market.

“I think it’s going to be a very big wave,” he said. “Just like what we saw through 2008.”

The effect on prices won’t be as severe, Abbott said, because values already have plunged and there’s hearty demand for such properties.

Still, he said, “It will keep prices low. . . . It’ll just slow the recovery down in general.”

Michael Chee, 43, of Burbank is among those worried about what a rise in foreclosures could mean for his home.

Chee was laid off from a healthcare consulting firm in March. With jobless benefits, he figures he will be able to hold on until he finds a new job. His three-bedroom house, though down 20% to 30% in value, isn’t underwater — for the present.

“We’re OK right now,” he said, noting that his brother’s home in Montebello is in foreclosure. “But going forward, who knows? The way things are going. . . .”

The Obama administration is racing to avert as many foreclosures as possible. So far, more than 240,000 distressed borrowers have been approved on a trial basis under the Home Affordable Modification Program, in which their loans are being reworked so monthly payments are targeted at 31% of their gross income, said Seth Wheeler, a senior advisor to Treasury Secretary Timothy F. Geithner.

Wheeler said the program’s goal was to prevent as many as 4 million borrowers from losing their houses over the next 3 1/2 years. And in August, Treasury officials hope to bolster those efforts with guidelines that could encourage banks to allow more borrowers to sell their properties in a short sale, in which the lender averts a foreclosure by accepting less than the balance of the mortgage.

“We’re very unlikely to implement another moratorium,” Wheeler said. But he noted that Treasury would closely monitor how many foreclosed homes were dumped onto the market, suggesting that officials could take other steps to prevent a flood of lender-owned properties.

Few people would venture a guess on the magnitude of foreclosure increases. Part of that will be driven by the job market and the financial condition of so-called prime borrowers and homeowners holding adjustable-rate mortgages, both of which are showing more stress.

Even as defaults among subprime borrowers have trended lower this year, newly initiated foreclosures involving prime mortgage loans saw a significant increase in the first quarter, jumping 21.5% from the fourth quarter, according to a government report of loan data from national banks and federally regulated thrifts.”

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

10 Great Reasons to Choose Shandrow Group Today

Mark Shandrow — Tue, 23 Jun 2009 01:07:00 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Here are 10 Great Reasons to Choose Shandrow Group for your real estate needs:

1. We’re a No-Hassle Turn-Key Solution. We take you from start to finish, no matter what type of property you’re in the market for. Our goal is to provide our clients with personalized, professional, honest hard work. We truly desire to match you with the property of your dreams, a solid investment for years to come. Click here to search our properties now.

2. Proven, Local Experience. Together, we have 40-plus years of combined successful experience in the Southern California real estate market. Our top-selling agents truly know how to get the job done in what is essentially our back yard. Click here to meet them all.

3. We Live Here. So we’re in touch with the local market better than anyone. We’re proud to say our children go to school right here and we do the majority of our personal and professional business in this community. It doesn’t get more local than that.

4. Incredible Property Selection. We have dozens of amazing properties to choose from, from traditional home sales to bank-owned foreclosures, from raw land to luxury homes to beachfront condos and everything in between. You name it, chances are we have it. If not, we’ll get it for you in short order.

5. VIP Access to the Latest Foreclosure Listings. Click here, sign up in seconds and we’ll send weekly hot foreclosure listings from Los Angeles and Orange Counties directly to your email inbox. It’s that easy! We receive nearly one foreclosed home to sell EACH AND EVERY DAY from our fast-growing list of local and national list of bank and financial institution clients. Shandrow Group’s foreclosure inventory is literally multiplying on a daily basis. As of this blog posting, we have more than 60 properties in various stages of sale from Pasadena to Foothill Ranch.

6. We Truly Understand the Local Investment Market. Several Shandrow Group Realtors own their own investment properties right here in Long Beach and in the outlying areas, and they’re happy to share their first-hand insider market expertise directly with you.

7 . Convenient Bixby Knolls Offices and around-the-clock availability. To better serve you, whenever you need us. Call us at 562.364.9505, ext. 800 or feel free to drop by our offices (located at 3970 Atlantic Ave. in Long Beach, CA 90807) today! Here’s a map.

8. Honest, Sincere Testimonials. Don’t take our word for it. Take a listen for yourself and find out what Shandrow Group clients are saying about us. Click here for a video or here for our latest written testimonial.

9. We Build Lasting Relationships. We’re more than just your neighborhood real estate agents. Our wealth of successful partnerships is backed by our uncompromising integrity, honesty and respectâ€”100 percent of the time.

10. We Value Diversity and Culture. We’re an incredibly diverse team of young, extremely motivated and energetic Realtors and administrators. Together we represent all walks of Southern California lifestyles and cultures. Plus, most of us are bilingual, some of us from birth. The ever-increasing list of languages spoken fluenty by our agents includes: English, Spanish, Tagalog, Illicano and Khmer.

Each of us possesses an intimate knowledge of Greater Long Beach’s historic neighborhoods. More importantly, we maintain meaningful, real-life personal connections to many of the very residents and legislative leaders who bring our cityâ€™s rich, diverse cultural character and identity to life. We’re proud to be a part of Long Beach’s vast multicultural fabric.

The next time you’re in Bixby Knolls, please feel free to drop by and meet our talented team. We’d love to show you around our newly expanded offices.

Warm regards,

Mark Shandrow
Real Estate Broker
Shandrow Group Owner
562.364.9505, ext. 800

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

California’s 90-day foreclosure moratorium starts, sort of

Mark Shandrow — Wed, 17 Jun 2009 16:07:48 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

This is a great post from Mathew Padilla of OCRegister.com discussing the new foreclosure moratorium in California.

A state law halting home foreclosures for 90 days begins today, but companies can earn an exemption by showing they are already busy modifying loans.

The California Foreclosure Prevention Act, or Assembly Bill X2 7, which Governor Arnold Schwarzenegger signed in February, is meant to push banks and loan servicers into lowering mortgage payments of homeowners in financial trouble. It reflects a similar federal plan.

Several companies have already applied for exemptions, said Mark Leyes, a spokesman for the state’s Department of Corporations. The department must grant or refuse an exemption within 30 days, during which companies need not comply with the moratorium. The law impacts loans made from 2003 to 2007.

A lender or servicer gets an exemption by demonstrating it already has a loan modification program in place, including lowering owner payments to a target of 38 percent of their income going to housing. Methods of choice are lowering the loan’s interest rate or extending its term to 40 years.

The bill, however, seems to lack teeth. The 38 percent debt-to-income ratio is merely a target.

And the bill says it does not require a servicer to violate contracts for investor-owned loans. The most troubled loans are generally those investment banks packaged and sold, and if the servicing contract says foreclosure is preferable to a loan modification, nothing in the law stops foreclosure.

The law also says it does not require a bank to provide a modification to a borrower who is not willing or able to pay under the modification.â€ I am not sure what able to pay means if the target debt-to-income ratio is 38 percent? Maybe if borrowers have to make other hefty payments” on cars, credit cards etc. ” then they are out of luck.

Read the full text of the bill, sponsored by Assemblyman Ted Lieu (D-Torrance), HERE

Best,

Mark Shandrow
Real Estate Broker
Shandrow Group
mark@shandrowgroup.com

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Will Shadow Inventory Hurt U.S. Housing Market?

Mark Shandrow — Mon, 15 Jun 2009 19:12:37 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Will the ‘shadow inventory’ stunt a housing recovery?

Source: — Tom Petruno, Los Angeles Times

After every bear market on Wall Street, some investors are reluctant to buy because they believe many other investors will be anxious to sell into any rebound, swamping the market and stunting any recovery.

And yet, bull markets get going anyway.

Now the same issue is dogging the housing market.

A new Zillow.com survey of 1,266 homeowners nationwide asks, “If you saw signs of a real estate market turnaround in the next 12 months, how likely would you be to put your home up for sale?”

Twelve percent of homeowners said theyâ€™d be “very likely” to try to sell into an improving market, 8% said theyâ€™d be “likely” to do so and another 12% said theyâ€™d be “somewhat likely.”

Zillow refers to that total of 32% as the “shadow inventory” of homes.

“With almost a third of homeowners poised to jump into the market at the first sign of stabilization, this could create a steady stream of new inventory adding to already record-high inventory levels, thus keeping downward pressure on home prices,” said Stan Humphries, Zillow’s vice president of data and analytics.

By region, just 7% of survey respondents in the West said they were “very likely” to try to sell their homes into an improving market, compared with 10% for the South, 12% for the Midwest and 20% for the Northeast.

Despite the low number for the West, Iâ€™ve often wondered through this housing crash whether California would be particularly vulnerable to a supply overhang — in large part because of the number of aging California baby boomers whose retirement plan had consisted of eventually selling their home (at a big profit) and leaving for a lower-cost state.

For a summary of the Zillow survey, which also delves into home-price expectations and other market issues, go here. A link to the full report isÂ here.

Read Mark Shandrow’s recent comments about the impending flood of Southern California shadow inventory expected to hit the market here, as told to a German TV reporter and camera crew on-set at the Shandrow Group offices in Long Beach.

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Shandrow Group Featured in German Documentary on California Foreclosure Market

Kim Lachance — Wed, 10 Jun 2009 17:45:01 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Shandrow Group Goes International!

We’re proud to announce that Shandrow Group will soon be making its European television debut in a German “60 Minutes”-style documentary on the booming California foreclosure market.

We were honored to have Munich-based FOCUS TV Produktions GmbH along for the ride for an entire day last week as editor Kirsten Moser and her camera crew shadowed Shandrow Group broker-owner Mark Shandrow while he went about his business day. The video shoot included visits to:

Several bank-owned/REO properties currently under Shandrow Group asset management contracts
A Shandrow Group-listed foreclosure duplex in Compton
A single family residence foreclosure currently for sale by Shandrow Group in Long Beach’s historic Wrigley neighborhood
An upscale lender-owned condominium inÂ Manhattan Beach (which is now in ESCROW!) and several other exclusive Shandrow Group properties featured on our popular VIP Foreclosure List.

The 20-minute FOCUS TV California foreclosure market documentary segment also features a San Diego sheriff performing officer eviction lockouts and a work crew in Perris painting brown grass green, a common instant front yard “face lift” in a foreclosure-blighted neighborhood.

Mark expressed his experienced, informed perspective on what the future holds for the local and national foreclosure market on-camera, specifically regarding the American real estate industry’s emergent shadow inventory phenomenon.

He explained that approximately one-third of Southern California foreclosures are now in what’s called shadow or “limbo” territory. That is to say that they are not registering in county records as having been resold.

Banks throughout California and the rest of the country are “sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale.” When those shadow inventory properties flood the market–and they will–home values will dramatically drop in response, Mark told German FOCUS TV reporters.

With so many bank repossession and default notices expected to explode onto the market in the coming weeks and months, Mark doesn’t foresee the foreclosures trend slowing down any time soon.

“This is just the beginning of the foreclosure market,” Mark commented. “Coupled with property depreciation in California, in the coming years, we can expect this situation to continue to greatly impact the domestic and global economies.”

“On a brighter note, we will eventually see the real estate market come back into balance,” Mark said. “However, it will definitely take plenty of time. Unfortunately, this is the way a free market works. The real estate market became incredibly inflated, and in turn inflated people’s expectations, and it just has to level out at some point.”

Munich-based Focus TV, a spin-off of the internationally read Focus Magazine,Â is broadcast throughout Germany, Switzerland and Austria.

All of us at the Shandrow Group truly appreciated and enjoyed the up-close-and-personal opportunity to play a direct role in educating an international audience on the fast-paced, ever-evolving Los Angeles and Orange County area foreclosure climate, and, more specifically, Southern California’s unprecedented shadow inventory, which you’ll definitely be hearing about in the headlines very soon.

When we receive a video link to the segment, you’ll be the first to know!

As always, stay tuned for more exciting Shandrow Group development news.

To contact the Shandrow Group today, call 562.364.9505, ext. 800, or connect with one of our agents via our About Us page.

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Brilliant Bank-Owned Alamitos Beach Condoâ€”Priced to Sell

Mark Shandrow — Thu, 30 Apr 2009 14:54:34 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

GREAT LOCATION: ALAMITOS BEACH OCEAN AIR.
GREAT DEAL: BANKED-OWNED FORECLOSURE IS PRICED TO SELL!

PRICE: $135,000 (only approx. $207 per square foot).

THIS ADDRESS: 1227 E. First St., #2B, Long Beach, CA 90802-5709

CROSS STREETS: ORANGE & ESPERANZA

CONDO TYPE: beach community 1 bedroom, 1 bath upstairs condominium-style residence (in a 10-condo building)

CONDO SIZE: 650 sq. ft.

YEAR BUILT: 1961

INTERIOR AMENITIES
* Recently remodeled deluxe full bathroom, featuring high-end brushed nickel sink and shower fixtures, European style carved wood pedestal sink with storage below, contemporary stone tile floors and matching shower tiles
* Recently refurbished kitchen, featuring granite countertops, tile back splash, gorgeous high-shine hardwood floor, spacious stained wood cabinets
* Recently upgraded windows
* Brilliant natural light-bathed space
* Partial ceramic and carpet flooring
* Newer ceiling fans
* Ample bedroom closet space and storage

EXTERIOR AMENITIES:
* Located only a short stroll to the Pacific Ocean shore, popular beach area and bike path
* Private balcony for entertaining/barbequing/dining
* Balmy ocean breezes
* Close to the downtown financial district, Fourth Street’s Retro Row, the Pike entertainment complex,Â Rainbow Harbor, walking distance from 2nd Street/Belmont Shore entertainment, business and culture districts

SAFE, POPULAR BEACHSIDE NEIGHBORHOOD
Alamitos Beach, which encompasses miles of stunning oceanfront property between downtown Long Beach and Belmont Shore, is at the forefront of Long Beachâ€™s exciting urban redevelopment renaissance.

Alamitos Beachâ€™s commanding ocean views and majestic estate homes are a favorite with Hollywood filmmakers. NBCâ€™s Fear Factor stunt reality game show was often filmed on its beaches and in the adjacent bay.

TAKE ADVANTAGE OF DRAMATICALLY REDUCED CONDO PRICES
Dozens of inland Long Beach condominiums and townhomesâ€”including this amazing Alamitos Beach dealâ€”are experiencing dramatic price drops between 30 and 50%. Thereâ€™s never been a better time than now to get a great deal on your dream downtown Long Beach condo. With prices lower than theyâ€™ve been in years, plus historically low interest rates, now is an opportune time to buy.

To learn more, call the Shandrow Group today at 562.364.9505.

Downtown Long Beach condos and townhomes sell extremely quickly, so count on us to keep you in-the-know the minute available units arrive on the market. Ownership IS once again within reach.

Sincerely,
Mark Shandrow
Real Estate Broker, Owner
Shandrow Group
562.364.9505
markshandrow.com

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Ocwen First to Issue Obama’s Making Home Affordable Loan Modifications

Mark Shandrow — Thu, 16 Apr 2009 17:45:43 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administrationâ€™s Making Home Affordable (MHA) program.

The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or bankruptcy or both. An increasing number of struggling homeowners are opting to sell their homes via short sales. â€œResponsible homeownersâ€ who meet the straightforward MHA criteria can refinance their loans with interest rates as low as only 2 percent. MHA is scheduled to run through 2012.

If you have questions about the Making Home Affordable initiative and/or subprime loan modification or short sales, call the Shandrow Group for more information today at 562.364.9505.

Ocwen expanded staffing by more than 65 percent in anticipation of the programâ€™s roll-out. Under MHA guidelines, lenders can trim struggling homeowners’ mortgage payments no higher than 38 percent of their income. However, the Treasury Department will share the financial burden with lenders to further lower the debt-to-income ration to 31 percent. Some loans will be eligible to be lengthened over a 40-year term.

Who can participate?

Homeowners who have an unpaid principal balance up to $729,750

Homeowner with loans that originated before Jan. 1

Sincerely,

Your trusted connection to the Southern California real estate market,

Mark Shandrow
Real Estate Broker
Shandrow Group
markshandrow.com

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

The Meridian at 1400 Ocean Boulevard, Premium Long Beach Condos

Mark Shandrow — Wed, 15 Apr 2009 06:55:06 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Address: 1400 E. Ocean Blvd., Long Beach, CA 90802

Stories: 4

Units: 70 condos

Types of Units: 3 bedrooms, 2 baths, varied floor plans

Approx. Size Range: 1,293 to 1,800-plus sq. ft.

Year Built: 2001

Indoor Amenities:
Cathedral 9-foot ceilings accented with crown molding
Gourmet kitchens featuring granite countertops and tile floors
White European-style cabinets
Gas fireplaces
High-shine hardwood floors
Elegant recessed lighting

Deep soaking tubs
His and her sinks
Spacious deluxe master suites
Majestic ocean views/breezes from most bedrooms and living rooms
State-of-the-art beachfront exercise room
Upscale entertainment clubhouse, complete with billiards table
Convenient laundry access
Secure, Andres Escobar-designed lobby entry with 24/7 concierge and video security
Pet friendly building

Outdoor Amenities:
Direct beach access, literally only steps away
Spacious sun-bathed balconies
Resort-style ocean-view association pool and spa
Sun chair-lined sundeck patio and BBQ for entertaining guests and relaxing
Secure enclosed parking and secure storage lockers
Bicycle storage
Convenient proximity to the bustling Pine Avenue, Rainbow Harbor, 2nd Street/Belmont Shore entertainment, business and culture districts
Convenient access to public transit, including Long Beach Transit’s A and D Passport bus lines

Sweeping Ocean Views and First-Class Amenities
Step outside without ever leaving home from one of the Meridian’s spacious, private oceanfront master bedroom balconies. Here you can extend your living space to include breathtaking panoramic views of the Pacific Ocean, the Queen Mary, Catalina Island, the downtown Long Beach skyline, even as far as Newport Beach and beyond.

The Meridian, situated only six blocks west of Shoreline Drive, is one of Alamitos Beach’s newest and most sought-after luxury oceanfront condominium developments. The exclusive 4-story structure was built by the Anastasi Construction Company in 2001, just one year after the completion of its popular resort-style sister dwelling next door, 1500 E. Ocean Blvd.

Dramatically Reduced Prices
Dozens of beachfront and inland Long Beach condominiums and townhomes are experiencing price drops between 30 and 50 percent. There’s never been a better time to get a great deal on your dream oceanfront abode than now. To learn more, call Mark at 562.364.9505.

Prime Alamitos Beach Location
Alamitos Beach, which encompasses miles of stunning oceanfront property between downtown Long Beach and Belmont Shore, is at the core of Long Beachâ€™s exciting urban redevelopment renaissance.

Alamitos Beachâ€™s commanding ocean views, metropolitan beach condos and majestic estate homes are favorite locations for Hollywood filmmakers. Several recent movies and TV series, including NBCâ€™s Fear Factor, CSI Miami and others, have been filmed on its popular beaches.

Call the Shandrow Groupâ€™s downtown condo team today at 562.364.9505 for more information on units for sale at 1400 E. Ocean Blvd.

Sincerely,

Mark Shandrow
Real Estate Broker
Shandrow Group
markshandrow.com

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Ultramodern Pine Avenue Courtyard Lofts

Mark Shandrow — Tue, 07 Apr 2009 06:03:41 +0000

Shandrow Group - Long Beach Real Estate | Long Beach Homes for Sale | Long Beach Foreclosures | Long Beach Short Sales

Address: 819-849 Pine Ave. Long Beach, CA

Units: 16

Types of Units: 1 bedroom (private upstairs master bedroom lofts), 1 bath

Size Range: Approx. 800 sq. ft to 1,150 sq. ft., varied floor plans

Stories: 2

Year Built: 2005

Average HOA Dues: $215

Indoor Amenities:
â€¢Â Â Â Ultramodern downstairs fireplaces
â€¢Â Â Â State-of-the-art gourmet kitchens, some outfitted with gorgeous granite counter tops and stainless steel appliances (including: dishwasher, washing machine, dryer, garbage disposal, gas oven and refrigerator)
â€¢Â Â Â Central cooling and heating
â€¢Â Â Â Majestic, high arched wood beam ceilings
â€¢Â Â Â Bright, wall-sized windows
â€¢Â Â Â Private upstairs master bedroom lofts, complete with private balconies
â€¢Â Â Â Spacious, walk-in closets and bonus attic storage
â€¢Â Â Â Polished concrete slab and blond bamboo floors
â€¢Â Â Â Convenient in-unit laundry

Outdoor Amenities:
â€¢Â Â Â Nearby beach access, only blocks away
â€¢Â Â Â Stunning cityscape and green, vibrant Long Beach GreenBelt views
â€¢Â Â Â Quaint courtyard garden
â€¢Â Â Â Modern sundeck patios for entertaining and relaxing
â€¢Â Â Â Private, ground-level entry
â€¢Â Â Â Two-car secure garage parking
â€¢Â Â Â Located in the heart of the burgeoning Pine Avenue, Ocean Boulevard, Alamitos Beach and Rainbow Harbor entertainment, shopping, culture and business districts

The Courtyard Lofts are the sleek, modern outcome of an award-winning adaptive reuse architectural undertaking that blended two existing retail structures and transformed them into 16 ultramodern residential lofts. A lush community courtyard garden now grows in the heart of the complex, where a commercial parking lot once stood.

Striking Modern Design
The Long Beach-based Interstices firm designed the colorful urban conversion dwelling, adding tits impressive host of other notable adaptive reuse projects within the city. The internationally renowned architecture and interior design house also counts Long Beachâ€™s Walker Building, Newberry Building and Kress Building among its portfolio of recent historic redesign commissions. Studio 111 delivered the original conceptual design for The Courtyard Lofts.

Pine Avenue Perks
Located at 849 Pine Ave., between 8th and 9th Streets, The Courtyard Lofts are situated at the very top of the bustling Pine Avenue shopping district, arguably the most popular of Long Beachâ€™s five distinct dining, culture and entertainment districts. It boasts a prime location in the main artery of the cityâ€™s dynamic downtown scene.

The lively urban avenue is lined with towering historical buildings, landmark art deco edifices, and modern adaptive reuse condominiums and lofts. By day Pine Avenue is alive with a steady stream of business and tourism commerce. By night, it seamlessly transitions into the hub of Long Beach nightlife, with crowds spilling over into its many galleries, boutiques and a unique fusion of dining destinations for every international taste. The nearby City Place, a mixed-use retail development, is home to Pine Avenueâ€™s popular weekly Farmerâ€™s Market. Art lovers will appreciate living so near to the Museum of Latin American Art, the only museum in the western United States solely focused on showcasing contemporary fine art from Latin America.

Convenient Access to Public Transit
The Courtyard lofts are a short walk from a convenient range of public transit choices. Of those, Courtyard residents can choose from: Passport A & D buses (rides west of Alamitos Avenue in downtown Long Beach are free); Passport B bus (The East Village Tour free shuttle that travels throughout the emerging art neighborhoods of East Village and West Gateway); Passport C bus (The Pine Avenue Link route, serving Pine Avenue, Shoreline Drive, Pine Avenue Circle, The Queen Mary and the Aquarium); Long Beach Transit â€œRegular Serviceâ€ buses; the 22-mile light rail transit MTA Blue Line (runs from 7th Street in Downtown L.A., through the communities of Vernon, Huntington Park, South Gate, Watts, Compton, Carson, finally ending in downtown Long Beach).

For car commuters, The Courtyard Lofts offer quick, convenient access to the 710, 405, 110 Freeways.

Contact our experienced Shandrow Group downtown condo team today for more information on units for sale in the Pine Avenue Courtyard Lofts.

Your trusted connection to Long Beach’s exciting downtown condo and loft market,

Sincerely,

Mark Shandrow
REO Broker-Associate
The Shandrow Group
markshandrow.com

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