Beyoncé and Jay Z have a $53M mortgage to pay off on their new LA home

Beyoncé and Jay Z finally closed on their first Los Angeles home this summer, and the Los Angeles Times now has a few more details about the purchase—including the fact that the couple didn’t pay in cash.

The singer and rapper paid $88 million for the enormous 30,000-square-foot estate in Bel Air. That’s a bit less than the previously reported $90 million price tag, and well under the $120 million offer the pair were rumored to have made in April.

But despite a combined net worth of over $1 billion, the couple took on a mortgage of $52.8 million to pay for the home, according to the Times. Read more here.



Walt Disney’s former home in Palm Springs finds a buyer

Victor Quiroz

After nearly seven months on the market, a Palm Springs home that once served as a desert retreat for Walt Disney has found a new owner, as the Orange County Register reports.

Property records show that the sale closed Friday. The final sale price of $865,000 was just under $35,000 below its initial asking price of $899,000. Read more here.

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LA rents have surged 4.5 percent since last year

Victor Quiroz Realtor

The cost of rent in Los Angeles is up 4.5 percent since last year, according to a new report from Apartment List. The analysis indicates that the median price for a one-bedroom is $1,330, while a two-bedroom rents for $1,710.

If you’re wondering if those numbers are typos, we don’t blame you. When we reported on a similar report just last month, the rental website listed the median price for a one-bedroom at $1,930; two-bedrooms, according to that analysis, fetched a whopping $2,750. Read more here.

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8 Spectacular Spots In Southern California Where You Can Camp Right On The Beach

Victor Quiroz Realtor


The last few weeks of summer are fast approaching for the rest of the country, but here in Southern California we are secretly smiling to ourselves knowing that the summer season isn’t coming to an end anytime soon. With our glorious weather that sticks around all year, we have all the time in the world to soak up the sun. Read more here.

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10 Los Angeles renters’ rights your landlord doesn’t want you to know

Victor Quiroz Realtor

Los Angeles has the fourth-highest percentage of renters of any major U.S. metro area at nearly 54 percent, according to a study by Abodo, which looked at 2015 Census Bureau data. And how many of those renters know their rights as tenants, from the basic to the more obscure?

There are online repositories of important tenant info, of course. There’s the comprehensive (sometimes overwhelmingly so) website for the city’s Housing and Community Investment Department, for instance, as well as websites for fair housing and tenant advocacy groups, such as the Housing Rights Center. We’ve spoken to the experts at both of those groups to put together a quick primer on 10 rights all tenants should know. Read more here.

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Midcentury-inspired California home is an indoor-outdoor dream

Victor Quiroz Realtor

Klopf Architecture, the San Francisco firm known for its midcentury modern-inspired residences and renovations of Eichler homes, has designed a bright and airy ranch-style home in Orangeville, a community in Sacramento, California.

Taking cues from midcentury design, naturally, the single-story residence incorporates signature characteristics from the era, like a gently sloping, overhanging roof, walls of windows, and a free-flowing layout that promotes cross breezes and that quintessential indoor-outdoor lifestyle. Read more here.

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We offer Rent-To-Own Program. Email me for more information

Victor Quiroz RealtorRenters in Los Angeles have it bad, but not quite as bad as their counterparts in Miami, San Diego, and Manhattan, according to Forbes. Those cities (yes, one’s a borough, but it’s their study not ours) were the only ones to outrank LA on the magazine’s annual worst cities for renters list.

LA renters might be alarmed to note that this year’s fourth-worst ranking is one spot worse than last year, when the city placed fifth (oddly, the second, third, and fourth-place cities from last year all fell out of the top five on this year’s list). Still, one must take comfort in knowing that it gets worse—right? Read more here.

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