New Playa Vista Neighborhoods

The Playa Vista Community will be introducing 6 new neighborhoods in the not so distant future. Each one is unique and will fit the needs of specific buyers. You can find the preliminary information for each of the new neighborhoods below:

 

Camden

Brookfield Residential
Beachy Brownstone Flats
Single-Story Attached Residences
Approx. 1,601 – 2,192 Sq. Ft.
3 – 4 Bedrooms | 2 – 3 ½ Baths | 2-Car Private Garage
Starting From the Low $900,000s

View Floorplans » 

Camden-6A

Skylar
KB Home
Coastal Contemporary Flats
Single-Story Attached Residences
Approx. 1,905 – 2,449 Sq. Ft.
3 – 4 Bedrooms | 2 ½ – 3 ½ Baths | 2-Car Private Garage
Starting From the $1,000,000s
View Floorplans » 

Skylar

 

Woodson

TRI Pointe Homes
Warm Family Homes
3-Story Detached Residences
Approx. 2,080 – 2,329 Sq. Ft.
3 – 5 Bedrooms| 3 ½ - 4 Baths | 2-Car Private Garage and 1 Guest Space
Starting From the Low $1,000,000s
View Floorplans » 

Woodson-Street_B
Asher

KB Home
Modern Family Homes
3-Story Detached Residences
Approx. 2,435 – 2,757 Sq. Ft.
2 + Rec. Room – 5 Bedrooms | 2 Full + 2 ½ - 4 Full + 2 ½  Baths | 2-Car Private Garage and 1 Guest Space
Starting From the $1,000,000s
View Floorplans » 

Asher-Street
Trevion

Brookfield Residential
Luxury Family Homes
2- and 3-Story Detached Residences
Approx. 3,020 – 3,949 Sq. Ft.
4 – 5 Bedrooms | 4 ½ – 5 ½ Baths | 2-Car Private Garage and 1 Guest Space
Starting From the Mid to High $1,000,000s
View Floorplans » 

Trevion-1AX
Fountainview at Gonda Westside

Los Angeles Jewish Home
Stylish Senior Living
Independent-Living Residences
Approx. 840 – 2,300 Sq. Ft.
1 – 2 Bedrooms plus Den | 1 – 2 ½ Baths | Subterranean Valet Parking
Starting From the Mid $500,000s
View Floorplans » 

Fountainview

What are Mineral Rights? And Who Owns Them?

What Are Mineral Rights?

Mineral Rights: the rights to the natural resources lying below the earth’s surface. Any transfer of land may be accomplished with or without the transfer of the subsurface rights. Normally, the term “mineral” is considered to include almost anything of value found under the earth’s surface. However, the term ordinarily does not include commonplace materials such as soil, sand, gravel, clay, and water.

In the United States the law creates a difference between surface rights and mineral rights. Surface rights include the right to build or farm on the land while mineral rights include the right to mine the property.

The United States is one of the few nations that allow private ownership of underground mineral resources. When reserved the owner of the mineral rights can then enter into contracts and agreements to mine and extract the minerals which may or may not include royalty payments to the surface owners.

Now, Who Owns Them?

Starting in April of this year (2013) the FDIC (Federal Deposit Insurance Corporation) has begun to reserve mineral, oil, and gas rights in any real property it conveys in the US. This new policy applies to all FDIC owned residential and commercial property except for condominium units and real property valued at $50K or less. The FDIC’s closing instructions will have an addendum addressing the reservation requirement and require the deed to contain the reservation.

If you wish to purchase the mineral rights from the FDIC you may do so, however, a specific price must be negotiated for the rights separate from the rest of the property.

The Weekly Shortlist: Tuesday Edition

New Listings

$2,150,000
5 bed / 4bath
2144 Sq. Ft.

Enjoy DIRECT OCEAN VIEWS from this ocean front duplex and direct access to sand and beach! Find out more…

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Sold Listings

$6,500 / month
2 bed + loft / 2.5 baths
1,528 Sq. Ft.

Everything you’ve ever wanted in a beachfront home; oceanfront master bedroom AND living room, designer kitchen with Viking stainless steel appliances including gas range, wood floors, fireplace, side by side parking, and more!  Get the details here…

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New Escrows

$2,499,000
3 bed / 4 bath
4856 Sq Ft.
Incredible, canal front, beach compound like no other home on the Marina Peninsula with spectacular canal and ocean views! More info here…

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Open Houses

Tuesday, March 6, 2012 / 12:00 – 2:00pm

$5,900,000
9 bed / 7 bath
4390 Sq Ft
Incredible opportunity to own a piece of history! A Venice landmark since 1911, the Venice Beach House is now recognized by the National Register of Historical Places.  Find out more…

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$1,849,000
3 bed / 3 bath
2376 Sq. Ft.
Classic meets modern in this beautifully appointed Venice Beach Craftsman!  More info and photos after the jump…

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Sunday, March 11, 2012 / 2:00 – 5:00pm

$1,849,000
3 bed / 3 bath
2376 Sq. Ft.
Classic meets modern in this beautifully appointed Venice Beach Craftsman!  More info and photos after the jump…

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$250,000
1 bed / 1 bath
600 Sq. Ft.

Perfect penthouse condo for enjoying all that L.A. and Hollywood living has to offer! A quiet and sunny unit, just 1 block from Melrose! Get the details here…

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Real Estate News

30-Year Fixed Mortgage Rate Down Slightly (Zillow)
FHA to hike premiums on mortgages (CNN Money)
Pending sales of existing homes up to nearly 2 year high (LA Times)
Touring Glen Irani’s First Hover House on the Venice Canals (L.A. Curbed)
Rental Housing 2011: The State of L.A. Rentals (Economic Roundtable)

The Venice Beach House

An incredible, once in a lifetime opportunity to own a piece of local history!

The Venice Beach House, an iconic Venice landmark and local Los Angeles treasure since 1911, has officially been listed for sale this week. Part of the National Register of Historical Places, The Venice Beach House is an inherent part of local culture and history, having witnessed Venice’s evolution over the last century.

This colossal craftsman sits on 3 lots with serenely landscaped grounds, 9 elegant guest rooms, 7 bathrooms and boasts 4,390 square feet of living space and a 7,924 square foot lot.  This is a private retreat that has been used  as a fine boarding establishment for over 30 years, but can be converted to a single family home as the most EXCLUSIVE Venice house.  Don’t miss the chance to own a truly one of a kind beachside property!

This Listing is offered exclusively by The Berman and Kandel Team for $5,900,000.

The Venice Beach House

15 30th Ave

Venice, CA 90291

Please call us at 310.577.2320 or email debraandpat@bermankandel.com to find out more about more about this wonderful property.

See what others are saying–Featured also on LA Curbed and Yo Venice!.

Weekend Open Houses

Looking for an open house to check out this weekend?

OPEN SATURDAY/SUNDAY, 2-5pm

21 Reef, Marina Del Rey
$2,299,000
5 bed / 4 bath
3500 Sq Ft. Area
MLS# 11-534655

Cape Cod, newer construction home with 3 levels of luxury living and just 1/2 block from the beach!  Living room, dining area, kitchen, guest bedroom/bath, powder all located on the first floor.  The second level has the master suite, which includes a fireplace and sitting area, plus 2 more family bedrooms and a bathroom.  The top floor has a family room with a wetbar and direct access to the rooftop deck, spa, and fireplaces. Hardwood and marble floors throughout, prewired for nework access.  Private, landscaped front yard, 3 car parking.

Click on a link to find out more about what open houses are happening in your neighborhood this weekend.

Culver City

Mar Vista

Marina del Rey

Playa del Rey

Playa Vista

Santa Monica

Venice

Westchester

Weekend Update

Happy Friday!

Just in time for the weekend, we have a few listing updates to share with you.

1- Price Reduction on 16 Voyage

If you haven’t had a chance to see this unit yet, it is an unbelievable find!  With more than 3100 square feet,  not only is this townhouse one of the LARGEST units on the Marina Peninsula, it’s only INCHES away from the beach and sand!

With 3 bedrooms, 3.5 bathrooms, 16 Voyage is listed for sale at $1,395,000.  Please call or email us for more information, or visit our website for full description and photos.

2- Berman and Kandel has just listed 5318 Pacific in Marina del Rey.

5318 Pacific, Marina del Rey
$2,675,000
4 bed / 4 bath
4856 Sq Ft. Area

This stunning canal front home offers views of the canal, main channel, and ocean.  You’ll find upgrades and details throughout, including limestone and hardwood floors, granite counter tops, 5 stone fireplaces, a gym, formal dining and living rooms with vaulted ceilings, a bar/game room, a 2-level rooftop deck, 3 car garage, private yard, and more!

For more information about either of these listings, or to view our other listings, please visit bermankandel.com.