Edwin Baloloy

December 10, 2018 by Edwin Baloloy

Stadium Lofts has 10 active listings. But is that the highest ever? Not be a long shot…

While 10 condos for sale may sound high for a building that has 380+ units, it’s nothing compared to a whopping 46 until recorded for sale in June 2009. And that’s only the homes that made it to the MLS (Multiple listing service). There were actually 60 units for sale at that time.

Did 60 sellers decide to place their Stadium Lofts condos on the market? No — actually, it was ONE seller that decided to.

Here’s the promo of “the event” published on YouTube back in Feb 2009:

As the first development that would offer high density residences for sale in the Platinum Triangle of Anaheim, the builder, Nexus Properties had lofty (pun intended) expectations for the Real Estate market prior to 2004. Nexus was so confident about buyers willing to pay $500k+ for high density living, they didn’t even offer cooperation with local Realtors.

I wrote a blog after the dust settled that summarized what happened. See: “The Urban Flop“

Since the Stadium Lofts, no other builder would move forward with having condos for sale until Trumark Homes released “Lewis + Mason” recently. Other builders in the area who had their projects approved for condominiums later switched to luxury apartments.

Here’s an older video showing the actual buying process back then:

Eventually, the true value that buyers were willing to pay eventually was realized as you can see from the graph below. The Stadium Lofts ended up being 1 of 4 other developments that would have it’s own unique “niche market” within the Anaheim area.

Values in Stadium Lofts have been increasing since late 2010. Will the increasing inventory be a sign of things cooling off?

As the Anaheim area becomes more dense, the demand of shorter commutes and a “community lifestyle” eventually increases. Offerings nearby have also increased with more restaurants, bars, lounges, shopping, and transportation such as the new Arctic station that gives access to Metrolink and Amtrak.

November 8, 2018 by Edwin Baloloy

Do you think your HOA dues are high? Check out how they stack up against these communities..

Homeowner Association Dues or “HOA dues” can be a thorn at the affordability of a homeowner or investor when stacking up the cost on top of your mortgage and taxes. (and sometimes melo roos tax as well.)

*The Plaza in Irvine is one of the most lavish high rise buildings in Orange County.*

*Stadium Lofts in Anaheim has been on the lower side of HOA dues without compromising amenities such as 24 hour* *security, full fitness center, sauna, pool, jacuzzi, and clubhouse.*

*Ritz Carlton Residences at LA Live has arguable the most offerings of Southern* *California buildings with a full service spa, deck pool, club room, and much more right outside of Staples Center.*

HOA dues are needed to maintain the common areas and are most expensive in mid and high rise buildings due to security, upkeep, amenities, property management, insurance, and remodeling. There are many other costs involved in running an HOA such as accounting fees, legal, staffing, etc — pretty much most of the costs of running an income producing business.

*Resort-like amenities like a fitness center are expensive to maintain.*

Do you think your dues are high? Check out some select communities in Southern California:

$8,500 The Century in Westwood

$2,455 Ritz-Carlton Residences at LA Live

$1,506 The Plaza in Irvine

$1,076 Marquee at Park Place in Irvine

$1,000 Market Lofts in Downtown LA

$394 Harbor Lofts in Anaheim

$299 The Domain in Anaheim

$239 Stadium Lofts in Anaheim

Source: Various active listings as of 11/8/2018. Multiple Listing Service SoCal CRMLS. Most rates vary based on floorplan and/or specific unit.

November 6, 2018 by Edwin Baloloy

Amenities of Marquee at Park Place – Irvine CA

Marquee at Park Place features a full fitness facility with cardio equipment, dumbbells, machines, and stretching area along with a large pool deck, jacuzzi, and playground area. Access throughout the property is secure with a gate guarded main entrance for vehicles.

Back to Marquee at Park Place Main Page

Marquee’s pool deck is right outside of the fitness room between both towers.

The playground is located on the pool deck.

Plenty of machine weights in fitness center.

Dumbbells and cable machines make the fitness room a full gym that rivals some health clubs.

Numerous elliptical machines, stair climbers, and treadmills.

October 31, 2018 by Edwin Baloloy