Commercial Real Estate In Sherman Oaks
Sherman Oaks is an affluent, older aged, predominantly white, well educated neighborhood in the San Fernando Valley region, of Los Angeles City, California. Sherman Oaks has a senior center and two city parks. The neighborhood includes seven private schools and eight public schools. A good number of celebrities live in Sherman Oaks.
Sherman Oaks is highly urbanized with a great number of real estate investments and a well developed commercial and monetary business sector. It is also full of fun, with fashionable shopping boutiques and good restaurants. Sherman Oaks is approximately eight miles square and is bordered by Van Nuys, Encino, Valley Glen, Studio City, Valley Village, and Beverly Hills. With approximately 25,000 Households and 52,000 residents, Sherman Oaks residents have an annual mean household income of around 70,000 dollars and a median single family house value as of August 2012 was 575,000 dollars. Since Sherman Oaks is situated in Los Angeles it receives its services for police, schools, and fire from Los Angeles City.
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Sherman Oaks has 2 malls, the Sherman Oaks Galleria and the Sherman Oaks Fashion square. Easy access to all LA has to offer using the 101 freeway and the 405 freeway, make Sherman Oaks a perfect place to live in. The Van Nuys Park in Sherman Oaks has an auditorium, six unlighted baseball diamonds, and two lighted baseball diamonds, lighted outdoor basketball courts, lighted indoor basketball courts, a sixty person community room, a children’s play area, an indoor gymnasium without weights, a lighted American football field, picnic tables, a lighted tennis courts, and lighted soccer field.
The Van Nuys Sherman Oaks pool, located in the same place as the park is a seasonal outdoor-heated swimming pool. The Bernardi Center also known as the Van Nuys Sherman Oaks citizen center is also located in the same place as the Van Nuys Sherman Oaks Park. It has a multi-purpose room and an auditorium, its assembly capacity is 300 and its banquet capacity is 200. Bernardi center also has 2 community rooms, one can hold 30 people and the other one can hold 50 people. The senior center also has a play area, two kitchens, a stage, two storage rooms, and a shuffle broad place. The Van Nuys tennis courts facility in the Van Nuys Sherman Oaks Park has 8 courts.
Choosing Your Real Estate Agent
To start your Sherman Oaks commercial property buying process, you need to look for a credible Sherman Oaks realtor to help you with locating the right property that meets your specifications, price range as well as your needs. Finding the right Sherman Oaks realtor will save you money and time and ensure that your real estate home buying process is smooth and rewarding.
How to Find a Good Sherman Oaks Real Estate Agent
Obtaining referrals from family members, friends, attorneys, business associates or CPA is one of the best ways to find a good Sherman Oaks realtor. Commercial property professionals remain in business by getting referrals from past customers and through repeat business. You can be confident of receiving outstanding customer service from a real estate realtor that has been referred to you from one of your family member, friend, business associate, CPA, attorney and also one of the real estate agent past client.
- Open Houses or Driving the Area
If you are planning to invest in Sherman Oaks real estate or you are interested with the surrounding regions of Van Nuys or Encino, it is vital that you drive around those areas and look for signs of real estate agents who predominantly work in those neighborhoods. Driving to Sherman Oaks or the surrounding neighborhoods allows you to speak to the real estate agent in person and create an impression of how they work. The way the realtor greets and treats potential clients is a good indication of the kind of service you can expect from that individual.
The realtor must be knowledgeable about the real estate for sale in Sherman Oaks and about the present market trends. An experienced and knowledgeable realtor will bring information about their other properties as well as their other listings to their open houses in case a potential client walks in and he or she is looking for a slightly different property. Real estate agents not only conduct open houses to advertise and sell their properties, but also to find new potential buyers and sellers.
According to the NAR (National Association of Realtors), about 87 percent of potential buyers start their real estate buying process on the internet. For example, if you Google Sherman Oaks commercial property, several real estate agents websites will appear on the first page. By browsing through several Realtors websites, you will be able to tell whether or not you want to do business with that individual. The simplest way to know this is to contact them, and see how long they take to respond. A good real estate agent should get back to you within twenty four hours, either by telephone or e-mail. Commercial property business is a customer oriented business therefore if the agent doesn’t have the courtesy to acknowledge their customers, then you should not do business with them.
- Real Estate Magazines or Newspapers
The local Saturday /Sunday commercial property section of the Los Angeles Times Sherman Oaks section is rich of information about Sherman Oaks real estate for sale. Individual agents and major real estate brokers firms who work for those companies advertise their properties and services on a continuous basis. The main real estate brokerage companies and individual agents also advertise themselves in such publications as the Home and Land Magazine as well as other commercial property magazines and publications. You should be able to find a Sherman Oaks real estate agent by using these resources.
Qualities of a Good Sherman Oaks Real Estate Agent
- Answers your questions
- Skillful negotiator
- Trustworthy and honest
- Provides outstanding customer service
- Member of the NAR (National Association of Realtors) which adheres to a higher standard of ethics and professionalism
- Technological savvy
- Good listener
- Knowledgeable and well informed about the current trends and the market place
Elena Vlasyuk definitely has all of the above mentioned qualities to make the profitable commercial real estate deal. She combines the experience and knowledge of the commercial real estate sector and will guide you through the whole process.
Any Sherman Oaks realtor can show you property, but not all commercial property agents are willing to go that extra mile to provide their clients with exceptional customer service by putting their interest first.
Your realtor should know and understand the Sherman Oaks real estate market so that he or she can be able to help you find the property that meets your criteria and needs. A good Sherman Oaks real estate agent will preview properties to weed-out the ones that do not meet your criteria so that he or she does not waste time showing you the wrong property.
Top Sherman Oaks realtors use the latest technology and will provide you with the latest tools to help you locate your dream property. Your Sherman Oaks real estate agent should explain the real estate buying process to you and answer all your questions.
Since you are depending on your realtor’s professionalism, skill and knowledge to assist you with obtaining finances and helping you with the contract negotiations, it is vital for you to work with the right realtor that provides you with excellent service and the highest standards of ethics and professionalism.
Price Range of Sherman Oaks Real Estates for Sale
Sherman Oaks real estate offers a wide range of housing options. Townhouses and Condominiums in Sherman Oaks can be purchased from as high as $ 630,000 to as low as $300,000 or less. Sherman Oaks’ single family houses can be found from the low $ 500,000 up to $7,000,000 and more for expansive commercial properties.
Reasons Why You Should Invest In Sherman Oaks Real Estate
Sherman Oaks is a wealthy neighborhood; with several high end fashion boutiques and features many upscale restaurants and houses. Sherman Oaks Galleria, a shopping mall known as a meet up place for valley girls, a 1980s artistic label is one of the city’s main claims to fame. Other neighborhood shopping options include The Village and the Westfield Fashion Square.
Why should you invest in Sherman Oaks real estate? Here are reasons why:
- Sherman Oaks is close to Los Angeles
Sherman Oaks is really close to Los Angeles City, the largest city in California. This provides several job opportunities for youthful students who are looking forward to start their life. Besides being an industrial and commercial hub, LA is the home of Hollywood, Hollywood is the leading name in the movie industry. If you are looking for a nice place to live in, Sherman Oaks is the place to be.
If you enjoy shopping, Sherman Oaks, the hometown of the valley girl label will certainly satisfy your wants. You will find everything you need at Sherman Oaks Galleria. If you want to buy something, just head over to the Sherman Oaks Galleria, the busiest and most eminent mall in town, home of the valley girl label and of various fashion boutiques as well as commercial places. Sherman Oaks is a perfect town for shopping addicts.
- Great Town For Recreational
The surrounding areas the Van Nuys Park are perfect for recreation. You have the Los Angeles River crossing the town, the hills of the San Fernando Valley down south and van Nuys War Memorial Park is a perfect place to do your jogging and walk your dog. Van Nuys Park has a tennis court, an outdoor pool, soccer fields, basketball court, and many other sports services.
- Secure Investments
Investing your wealth in real estate is a safe investment for several reasons: the tenant’s rent covers the mortgage, major expenses of the building, all or most of the operational expenses are paid by the tenants. Nearly all commercial rents increase with increase in the CPI (Consumer Price Index), thus any increase in your working expenses is normally taken care of by the increase in rent to the tenants. Lastly, tenant’s improvements are usually paid by the tenants.
- Real Estate Association
Real estate association is different from the usual homeowner association whereby everybody must an active member of the association. It has a board of directors who are elected by the Sherman Oaks real estate owners, to work with the real estate property manager to run the everyday operations of the real estate business. The board of directors works to put into effect all the rules and regulations and also to make decisions about the overall maintenance of the property.
Factors to Consider Before Buying a Commercial Property in Sherman Oaks
Before buying a commercial property you need to consider the condition of the building, the location of the property, how accessible the place is to customers and suppliers, the type of businesses that are allowed in the area and the possibilities that it provides for renting and re-selling. In addition, check the zoning laws and the development plans to see what kinds of business are allowed in that region plus what types of improvements to the city infrastructure and planning may affect the building. It is also vital to do some little search to make sure that the building is in good shape.
Buying commercial real estate in Sherman Oaks can be a very excellent investment for your business, particularly if you are thinking about lessening your expenses by using that property for your own operations instead of leasing it to another party.
Whether you are in the market for a simple ranch style family house or a more complex Spanish-revival home, or any other types of properties, you will find them in Sherman Oaks. There are several commercial real estate properties available in Sherman Oaks for sale. You just need to keep an open approach towards the many options available. A Sherman Oaks real estate agent can help you in understanding the different financing options and also in identifying eligible lenders. A Sherman Oaks realtor can guide you through the closing process and make sure that everything goes as planned. He or she can also help you to resolve issues that may cause problems at a future date. It is therefore important that you find a good Sherman Oaks real estate agent to help you find your dream home.