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Santa Monica

California - Los Angeles

19.9°C

Santa Monica - Los Angeles

Santa Monica is an inshore city located in West Los Angeles. Despite its three miles of white sandy beach, this is a small town with a more human face as you can go around without taking a car thanks to its walkable 8.3 square miles. This is a relaxed place, with architectural buildings, many attractions and really close to Downtown L.A.

Market overview

The American real estate market has suffered from an important crisis, due to seizure of properties. This phenomenon had a huge consequence on prices, which plummeted. Therefore, investing in a property in L.A. is currently a safe investment and is interesting as the market benefits from favorable conditions.

Besides, the American population is mobile and often changes its accommodations. The law is particularly secured for financial backers and the American system is based on MLS (Multiple Listing System) which gathers all properties on sale, which is a guaranty of  ease to find one.

Thanks to a nice economic expansion, Los Angeles enjoys a large and diversified property portfolio with competitive prices for a city such vibrant, enormous and sunny. All in all, this area is a real heaven for owners and real estate investors.

Who buys?

Thanks to its multicultural aspects, Los Angeles is a global city which constantly attracts show business celebrities, fashion leaders, wealthy tourists as well as powerful financial people who are looking for an upscale quality of life, in a magnificent green oasis where are gathered culture, entertainment, glamor and leading-edge technology.

Buying basics

"Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).

Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error. "

Peak Season
Jun 01 - Aug 31

From June to August, summers are particularly sunny and hot because of Santa Ana, a warm and dry wind that creates heatwaves. Therefore, temperatures can sometimes reach 35 degrees.

High Season
Apr 01 - Dec 01

The period from April to November is generally one of the best periods of the year to visit Los Angeles as temperatures are pleasant. Spring is also the period with shorter visitor queues and lower prices. However, between April and May, there is a "June Gloom" phenomenon (also called "May Grey") which corresponds  to a thick fog that appears at dawn and persists until midday.

Low Season
Dec 01 - Mar 31

Thanks to a Mediterranean climate, Los Angeles has a sweet climate throughout the year. Winters are mild and slightly rainy. Temperature scarcely drop below 10 degrees during the period from December to March.

Santa Monica Pier

This pier, which is always open, gathers family-friendly activities, various shops and restaurants since more than a century. It was created in 1909 and was the first concrete pier on the West Coast. Visitors can go fishing as any fishing license is required. There is also an Aquarium to admire the marine life and enjoy a up-close view of it and a carousel with wooden horses, that was built in 1939.

Third Street Promenade

This long and charming avenue is located in Downtown Santa Monica, between Wilshire and Broadway and is only accessible on foot.  There are amazing street performers, restaurants, cafes, luxury boutiques and cinemas and even an upscale mall with a Bloomingdales store.

Pacific Park

It is an amusement park on the Santa Monica Pier, considered as the best one in California by Yahoo Travel. Next to the beach, it proposes dozens rides and games to experience. The classic roller coaster "West Coaster" dominates the city and offers an amazing view on the Santa Monica Bay and the Pacific coastline. There is also in this park the only solar-powered Ferris wheel in the world, a ride not to miss.

The PRESTIGE MLS agents

Syd Leibovitch
Director
Rodeo Realty
Mark A. McLaughlin
Director
Pacific Union International
Los Angeles
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