SEPTEMBER 2004 - THE LANDMARK ISSUE
SANTA MONICA LANDMARKS TOUR -
THE NORTH END OF TOWN
on doing a website and possibly a book on Santa Monica Landmarks. If you
have a story, please contribute it. Email it to -> [email protected]
Today, fewer than 2,500 historic places bear this national distinction. Santa Monica has slightly more than 400 residential properties listed in City Hall’s Historic Resources Inventory — 43 are official landmarks, and are listed in the National Register of Historic Places.
There are many properties in Santa Monica that are noteworthy yet the general public knows virtually nothing about them. City Hall and the Santa Monica Conservancy have been actively informing residents of the historical status of many of the properties in Santa Monica. The city of Santa Monica now features a citywide tour with 53 noteworthy properties.
Take a tour of the landmarked properties north of Wilshire:
Eucalyptus deanei tree
John Byers Office, 1926
When John Byers died in 1966, he was based out of this Spanish Colonial Revival compound at 246 26th St. It is now a charming restaurant - Chez Mimi - and one of your few chances to dine at a local landmark though (though you can shop at several.)
MONICA LANDMARKS TOUR
In 1973, the Santa Monica Pier was slated for demolition. A number of citizens groups sprang up to defend the Piers. The two largest, "Save the Piers Citizen Committee" and "Friends of Santa Monica Pier," along with other concerned citizens, convinced the City Council that the pier was an important piece of local history worthy of preservation. The council then created the “Historic Site Committee” to developed standards and procedures for historic preservation. This led to the Santa Monica Historic Preservation Ordinance of 1976 and grew into the Landmarks Commission.
(For more information on the saving of the Santa Monica Pier, please read Bill Bauer’s firsthand account in the share section).
These are some of the properties they have saved in downtown Santa Monica….
22. Miles Playhouse, 1929
Moderne Commercial Building, 1940
Looff Hippodrome on Santa Monica Pier is listed on the National Register
of Historic Places
SURREAL ESTATE NEWS… PROFILE OF HOMEOWNERS VS. NON-HOMEOWNERS
Here’s an interesting personality study for you -> the characteristics of people who buy homes vs. people who don’t by homes. This survey was conducted by the Real Estate Center at Texas A&M University is the nation's largest publicly funded organization devoted to real estate research. Most of our $2 million in annual funding comes from real estate license fees paid by more than 100,000 professionals. A nine-member advisory committee appointed by the governor provides research guidance and approves the budget.
The Center's staff conducts research on financial, socioeconomic, public policy, trade, legal, land use and local market analysis issues related to real estate. This survey conducted interviews among three key groups: current homeowners (2,086 people), likely buyers - defined as those considering a home purchase in the next two to three years (914 people) and non-likely home buyers defined as those not considering a home purchase in the near future (1,080 people).
Surveys averaged 22 minutes in length for homeowners and likely homebuyers, and 10 minutes for non-likely home buyers. Interviews were conducted between November 14, 2003, and December 31, 2003.
Here is what they discovered:
Most likely group
to be married, to have incomes above 50k, to have a college degree or
above, and to be White
Likely Home Buyers
About half are married,
have incomes below 50k, have a high school diploma or less, and are
Non-Likely Home Buyers
About half are single;
most have incomes below 50k and have a high school diploma or less;
about half are White
For more information about the Real Estate Center at Texas A&M University go to http://www.recenter.tamu.edu.
For your real estate needs, e-mail Jodi Summers at [email protected], or call 310-260-8269.
23, 1891, property developers Abbot Kinney and Francis Ryan bought the
controlling interest in the Ocean Park Casino. Later that year, they
paid $175,000 for the surrounding tract of land that faced the ocean
south of what is now Pico Blvd. There, they built the Ocean Park Beach
Resort. Direct rail service from Los Angeles began when the first train
arrived at its Hill Street depot on June 18, 1892. Advertisements appeared
for Kinney and Ryan’s “Santa Monica Tract.” The lots,
25 x 100 feet, were priced at $100 and featured piped water. Tents were
A highlight of Ocean Park is the Third Street Neighborhood Historic District — bounded by Ocean Park Boulevard, Second, Hill and Third streets — possesses aesthetic significance to Santa Monica in that the area displays a high percentage of original, turn-of-the century structures — from Victorian to Gothic to American Colonial Revival to California Craftsman to Spanish Colonial Revival. The neighborhood provides a visual representation of the neighborhood’s development through the 1930s.
Street Craftsman cluster, turn of the 20th century
LUSH, NEW ORLEANS-STYLE MIXED USE COMPOUND NEAR SANTA MONICA COLLEGE
Tell us your stories of Santa Monica past...
Santa Monica Pier
In early 1973, the
Santa Monica City Council voted to demolish the Santa Monica Pier(s)
in order to build a "bridge" to an artificial island proposed
for the Santa Monica Bay. The island to be constructed near the present
breakwater would have featured a hotel and convention center. The project
with the work of then City Manager, Perry Scott and supported by the
Chamber of Commerce, real estate interest and developer dominated City
MONEY, MONEY EVERYWHERE
As a Realtor, people are always asking you interesting questions about all aspects of property purchase. Here are answers to some loan questions.
What has been
the average rate on a 30-year mortgage this year?
When a situation like that occurs, be sure to ask your loan rep about these fees, and which ones they might be willing to waive. Suggest that as per the Truth in Lending Act you’d like to know what you’re paying for.
The Truth in Lending Act regulates
the dollar amount that triggers additional disclosure requirements for
home mortgage loans that bear rates or fees above a certain amount.
There’s a definite shift.
As of November 2003, 52.3% of California homebuyers were using adjustable
rate mortgages - up from 29.5% a year earlier. According to DataQuick
information services, this was the first time since February 1995 when
52.7 percent of all buyers chose ARMs. The all-time peak was in September
1988 when 66.1 percent financed with ARMS.
The upside of an interest-only mortgage makes 100% of your monthly payment fully tax-deductible as interest. The downside is that the balance of your purchase is due all at once. Noted real estate columnist Robert Bruss suggests you devise an exit strategy. This can include selling the property within that time frame, or see if you can negotiate a rollover provision to an amortized mortgage. Your choice will depend upon your individual situation.
For your real estate needs, e-mail
Jodi Summers at [email protected],
or call 310-260-8269.