Steven Taylor: Los Angeles Is Growing Smaller…and Better

 

Steven and Natalie Taylor in Los Angeles

Don’t be fooled by stories about those mega-mansions dotting exclusive Los Angeles neighborhoods. If you’re thinking of moving to the city, says Steven Taylor of Los Angeles, be prepared for a dash of reality. Not every home in Los Angeles is massively large with Olympic size swimming pools and yards the size of football fields

In fact, the average home size in Los Angeles metro today is actually smaller than the city’s average home just a few years ago.

Across the U.S., the medium-sized home is 2430 square feet. In Los Angeles, new homes typically come in at around 1800 feet. That’s larger than San Francisco’s 1150 sq. ft. homes, yet lags behind cities like San Diego ( 2728 to 3581 sq. ft.) and Las Vegas ( 2430 sq. ft.)

Much of the reason for LA’s smaller square footage, says Steven Taylor Los Angeles, is the densification of LA’s central area. People want to be close to the action, and the central area packs them into increasingly smaller lots and residences. For decades, new residents poured into the city from everywhere. But the growth began to slow down over the past few years. From 2018 to 2019, for example, there was actually a 0.08% decline in population.

Between July 2019 and July 2020, Los Angeles county lost 40,036 residents, the steepest loss of any other California county.

Nonetheless, says Taylor, the city has not lost its luster. Diehard Los Angeles residents still love their professional sports (Lakers and Dodgers), the diverse culture, the unmatched cuisine at the city’s many restaurants. Not least, of course, is what many regard as the best weather in the U.S. When you’re up to your ears in the snow, blizzards, hurricanes and tornados so common in other parts of the nation, LA’s moderate, balmy temperatures begin to look irresistible.

As the nation recovers from COVID, LA’s famous restaurants, night life and world-renowned attractions are springing back into life.

Add to that the lure of Hollywood and the huge film and entertainment industry, and you see why-despite recent losses over taxes and government regulations-the city is the first choice for so many of its residents.

If you want a home in what is still one of the most desirable cities in the U.S., top Los Angeles real estate pros, like Steve Taylor will tell you that LA is the place to go!

Originally published at https://steventaylorlandlord.com on April 6, 2021.

Steven Taylor: Los Angeles Is Growing Smaller…and Better

 

Steven Taylor with his family in Los Angeles

Don’t be fooled by stories about those mega-mansions dotting exclusive Los Angeles neighborhoods. If you’re thinking of moving to the city, says Steven Taylor of Los Angeles, be prepared for a dash of reality. Not every home in LOS ANGELES is massively large with Olympic size swimming pools and yards the size of football fields

In fact, the average home size in Los Angeles metro today is actually smaller than the city’s average home just a few years ago.

Across the U.S., the medium-sized home is 2430 square feet. In Los Angeles, new homes typically come in at around 1800 feet. That’s larger than San Francisco’s 1150 sq. ft. homes, yet lags behind cities like San Diego (2728 to 3581 sq. ft.) and Las Vegas (2430 sq. ft.) 

Much of the reason for LA’s smaller square footage, says Steven Taylor Los Angeles, is the densification of LA’s central area. People want to be close to the action, and the central area packs them into increasingly smaller lots and residences. For decades, new residents poured into the city from everywhere. But the growth began to slow down over the past few years. From 2018 to 2019, for example, there was actually a 0.08% decline in population.

Between July 2019 and July 2020, Los Angeles county lost 40,036 residents, the steepest loss of any other California county.

Nonetheless, says Taylor, the city has not lost its luster. Diehard Los Angeles residents still love their professional sports (Lakers and Dodgers), the diverse culture, the unmatched cuisine at the city’s many restaurants. Not least, of course, is what many regard as the best weather in the U.S. When you’re up to your ears in the snow, blizzards, hurricanes and tornados so common in other parts of the nation, LA’s moderate, balmy temperatures begin to look irresistible.

As the nation recovers from COVID, LA’s famous restaurants, night life and world-renowned attractions are springing back into life.

Add to that the lure of Hollywood and the huge film and entertainment industry, and you see why—despite recent losses over taxes and government regulations--the city is the first choice for so many of its residents.  

If you want a home in what is still one of the most desirable cities in the U.S., top Los Angeles real estate pros, like Steven Taylor will tell you that LA is the place to go! 

Steven Taylor on Professional Baseball History in Los Angeles

 

Superhero Family Steven Taylor and family celebrate in Los Angeles

Superhero Family Steven Taylor and family celebrate in Los Angeles

The Greater Los Angeles area is home to a rich world of professional sports. LA is one of only four metropolitan areas in the country to boast two major league baseball teams, making the sport even more popular amongst Angelenos. In Los Angeles, we have the Los Angeles Dodgers in the National League, and the Los Angeles Angels and in the American League. Southern California locals, like Steven Taylor Los Angeles native, take advantage of the weather and spend time at both Dodgers Stadium and Angels Stadium in Anaheim. Let’s take a look at the history of these two great teams and how they have impacted the LA area.

The Dodgers

Like a few other professional sports teams in Los Angeles, The Dodgers are transplants to the area. The team was originally founded in Brooklyn, New York in 1883, and adopted the team name “Dodgers” in 1932. Back in 1958, the team made the cross-country move to LA before their season, and played at the Los Angeles Memorial Coliseum before moving into their long-term and current home, Dodger Stadium in 1962. The Dodgers are credited for leading the geographic expansion of baseball west of the Mississippi.

The Dodgers are a historically innovative team. Not only did they lead baseball to the west coast, they also broke the color barrier, with the first black athlete to play in the MLB, Jackie Robinson. The team played the first televised baseball game as well, and even were first to introduce the batting helmet.

The Dodgers have since won seven World Series and twenty-four National League pennants. The team boasts the record of eighteen Rookie of the Year Award winners, which is twice as many as the runner up. LA locals and fans like Steven Taylor are looking forward to the MLB All-Star Game, set to be hosted by the Dodgers, along with the Angels, in 2022.

The Los Angeles Angels

The Los Angeles Angels are another pride point for Angelenos — the team was established as an expansion team in 1961 by Gene Autry. But, the team’s roots go deeper, with their very first appearance dating back to 1892, when the Los Angeles Seraphs began playing as part of the original California League. The following year, the team changed their name to the Angels, but many still referred to them as the Seraphs for quite some time.

Back in 1893, the Angels played at Athletic Park, where they made history with the Stockton Pirates as the first teams to play a night game on the West Coast. ( The Angels won the 9pm game, with a score of 5–2) The MLB didn’t hold a night game until years later in 1935.

In the beginning of the Gene Autry years, the Angels played home games at Los Angeles Wrigley Field, before moving in 1962 to Dodger Stadium where they were tenants of the Dodgers until 1965. They moved to their current home, Angel Stadium in Anaheim, in 1966. Despite the short drive, many people from Los Angeles like Steven Taylor are happy to head to Anaheim to support the LA team.

The Angels won their only American League pennant and World Series by defeating the San Francisco Giants in 2002. The team has a variety of other awards including MVP awards, CY Young Awards, and Rookie of the Year winners.

Originally published at https://www.reddit.com.

Steven Taylor on Navigating the World of Los Angeles Commercial Real Estate

 

Steven Taylor, Los Angeles

If you’re thinking about getting into real estate, you may be wondering what it’s like to navigate the Los Angeles commercial and residential real estate markets. While residential and commercial real estate have a lot in common, the day-to-day of each industry can be very different. Steven Taylor Los Angeles native and a real estate expert in the LA. In this article we’ll break down how to navigate the world of commercial real estate in Los Angeles, and explore what your day-to-day may look like as a commercial real estate broker. Despite the challenges, a career in real estate can be profitable and highly rewarding.

What does a work day look like in commercial real estate in Los Angeles?

Your daily routine and activities as a commercial real estate agent may be different depending on a variety of factors. What part of the market do you focus on? What type of properties do you specialize in? How long have you been in the business? Do you have a team of employees or are you working alone?

In your day-to-day as a commercial real estate broker, you may need to make cold calls to building owners or businesses. Steven Taylor of Los Angeles, says cold calls can feel intimidating to new real estate agents, but soon will become routine. As a broker, you’ll get into the habit of studying the current payment rates for properties in your area and interpreting current leases of prospective buyers.

Many commercial agents spend a lot of time calculating break-even ratios for properties, and reviewing reports. You may also need to study data from the city like the market reports from the Chamber of Commerce. A more exciting part of a commercial real estate broker’s day is often visiting potential properties or checking out popular competing properties to evaluate them. Overall, navigating commercial real estate involves more day-to-day in-depth analysis than in the residential real estate industry.

What do commissions look like in the world of commercial real estate?

Many people get into commercial real estate for the money. It’s true - you can make some very big commissions working in the commercial market. But, compared to the residential market, the process can take a lot longer. It can often take several months or more for a deal to move to closing. To be a commercial real estate broker, you need to have patience.

Client relationships require a different approach in commercial real estate.

In residential real estate, the majority of the client relationship takes place up front. Helping your client find a home they love is the goal, and the back-end work just seals the deal. As long as everything goes smoothly, if your client loves the property, they are happy...and likely to refer you to others.

In commercial real estate, the client relationship needs to be navigated a bit differently. Lease clients or commercial buyers have a lot at stake, and are typically much more concerned with the back end of the deal. Los Angeles native, Steven Taylor, says that in the LA area, clients typically want to be involved in financial details, hear about research, and understand the big picture before closing. In your day-to-day as a commercial broker, you’ll spend more time talking to buyers about statistics than you would in residential real estate. It can feel like a lot of work, but in the end, commercial real estate can be interesting, detail oriented, and very rewarding.

Steven Taylor — Los Angeles, What Makes it Such a Special Place to Live — An Insider’s View

 

Los Angeles hike with Steven Taylor and family

Los Angeles isn’t only one of the world’s most popular places to visit on vacation, it is also an exceptional place to live, work, and play. Long time residents, like Los Angeles native, Steven Taylor, say they get the best of all worlds living in LA. From downtown skylines to mountain ranges, bustling restaurants to hole in the wall coffee shops, and business district apartments to family friendly neighborhoods — there is something for everyone. In this article, we’ll share a few reasons Los Angeles is such a special place to live, from an insider’s view.

Los Angeles is truly a melting pot.

LA is truly diverse — it is one of only two cities in the US that does not have a majority population. Los Angeles is full of people from many cultures, backgrounds, and ethnicities — its residents hail from over 140 countries and the LA population speaks almost 100 languages. Not only will you find many cultures, but there is a wide variety of neighborhoods and socio-economic communities. You can find people of every religion, belief system, and lifestyle here. Los Angeles’ vast diversity has led to incredible food, art, entertainment, and community scenes, which people come from all over the world to experience.

Los Angeles offers an endless amount of things to do.

If there is one thing that everyone can agree on about Los Angeles, it’s that you’ll never be bored. Steven Taylor Los Angeles native, loves that the LA area has countless activities that he can enjoy with his whole family. Residents who enjoy the outdoors take advantage of more than 80 miles of coastline and beaches, in addition to the plethora of state parks, hiking trails, bike paths, horseback riding, and nearby mountains for skiing and snowboarding.

For residents who are looking for entertainment and educational activities, Los Angeles has hundreds of museums, as well as Zoos and Aquariums. Southern California is also home to theme parks, professional sports arenas, concert venues, and world famous tourist attractions that even the locals can appreciate.

Los Angeles is environmentally progressive.

If you care about your carbon footprint and waste impact, Los Angeles is a great place to live. LA may be known for its layer of smog, but Angelenos are also known for being environmentally conscious. The area has a growing number of energy efficient buildings, and is the number one city in the United State for solar power use. Angelenos are also on top of their waste management and recycling — LA has the highest recycling rate of all big cities in America. While there still may be pollution from all the traffic, Los Angeles is making progress in the right direction to keep our environment safe.

Los Angeles has an exceptional restaurant scene.

Those who live in Los Angeles have access 24 hours to an immense amount of restaurant and dining experiences. Between the bars, restaurants, food trucks, pop-ups, and stands, you can find any type of cuisine at any time of day. LA has become known around the world for it’s dynamic food scene, primarily due to its expansive diversity and culture. If you want to experience why Los Angeles is such a special place to live, Los Angeles native Steven Taylor says there is no better way than to taste the food!

Originally published at https://steventaylorlandlord.com on March 17, 2021.

Taylor Equities

 

Steven Taylor | President

Steven Taylor of Los Angeles, founded Taylor Equities (TE) in 2015 with the hopes of establishing a family run business focused on acquiring long term passive income opportunities. Prior to TE, Steven founded Ness Holdings Inc., a privately held Real Estate Investment fund which was fully capitalized by high net worth individuals. The Fund was a discretionary fund requiring only the approval of Steven Taylor. Additionally, he possesses vast experience in the California real estate market and has completed over $500 million in transactions totaling nearly one billion square feet. Prior to Ness, he served as Vice President of GVA Daum’s Los Angeles office, one of the regions premier commercial real estate firms. During his time there, he had been consistently recognized as one of the firm’s top producers in terms of transaction volume and commissions earned.

Steven is currently on the Board of Governors at Cedar Sinai Hospital, on the Leadership Advisory Committee at Vista Del Mar and on the Board at Brawerman Elementary School. Steven was recently recognized as a benefactor for the Friends of Israeli Forcers (FIDF) after sponsoring 10 soldiers to attend college for all four years as well as sponsoring the “Flying Lions” battalion. Steven enjoys being active, philanthropic, and spending time with his family. He currently lives in Los Angeles with his wife and three children.

Originally published at https://taylorequities.com.

Steven Taylor on What to Look for in Los Angeles Commercial Real Estate

Steven Taylor- Los Angeles What a view

If you’re an investor interested in joining the game of commercial real estate, Los Angeles is a popular market. Commercial property can be a lucrative asset, but all real estate investments are inherently risky. Like in any other city, it is essential that you put your capital into the right building. By properly researching Los Angeles properties and looking out for red flags, you can make sure you are picking up a property with a good chance of success.

But what do you look for in Los Angeles commercial real estate? In this article, Steven Taylor, of Los Angeles, shares his expertise on what signs to look for on your journey to invest.

What do investors look for in Los Angeles neighborhoods?

In Los Angeles, it’s often a very fine line between a downtrodden area that is about to skyrocket, and a neighborhood that is going downhill. Buying in a low value area can be a fantastic opportunity to get in on the ground floor before a neighborhood becomes popular, but it only works if things go your way. When looking at buying commercial real estate in Los Angeles, you want to look not just at the specific neighborhood, but the growth of the entire surrounding area. Where is the movement coming from? Get specific. You can never do too much research. Los Angeles native Steven Taylor, an experienced commercial real estate investor, says to look closely at job growth in an area. If local businesses are expanding and hiring, the market could be on the rise.

On the other hand, you should be looking out for red flags that a neighborhood is heading downhill. Watch for businesses shutting down, influxes of renters moving out, and declining traffic. Don’t be afraid to ask — talking with local business owners directly can be a great way to get clear insights about a neighborhood.

How does a commercial real estate investor assess property condition?

When investing in Los Angeles commercial real estate, one of the most important purchasing factors is the property condition. While it can be profitable to buy a property as a fixer-upper, if the building needs extensive repairs to function successfully, you have a lot to consider. There are a lot of old buildings in LA — some just need repairs for cosmetic appearances, but some need a complete overhaul to be usable. If you aren’t careful, you may get stuck in a situation dealing with repairs that cost you more than they’re worth. If you’re looking for a property you can improve without ending up with a money pit, here are a few signs Los Angeles native Steven Taylor looks out for:

Los Angeles Commercial Real Estate checklist:

1. High ceilings: It is common for renters of commercial properties to require high ceilings to operate correctly. While low ceilings can be raised, it can be unpredictable how construction will go until you get started, and there can be a lot of unexpected costs. Make sure ceilings are in good condition, and that the ceiling height fits the needs of renters before investing.
2. Good roof: One of the most common and expensive repairs for a commercial building is updating the roof. If a commercial building needs a new roof, it is going to cost significantly more than it would at a residential real estate property. When looking for properties in Los Angeles, focus on buildings with strong roofs with minimal leaks or damage.
3. Strong walls and floors: Steven Taylor always walks through a commercial property looking for small signs of bigger damage and issues. Look thoroughly for any small cracks or other signs of settling in the floor or walls. If there is anything unusual, have it looked into immediately. A good commercial real estate property has a solid foundation that won’t settle.
4. No environmental damage: In Los Angeles, there are a lot of commercial properties in industrial areas. If you are purchasing a building in one of these areas, you want to look out for clean buildings that don’t have any sort of contamination. Environmental contamination can turn into another money pit, so be on watch for any chemicals or other contaminants that could affect the working or renting conditions of the building.

Originally published at http://steventaylorlandlord.wordpress.com on February 11, 2021.