Costa Mesa Residents: Come to Your Census!

By now, just about everyone has been contacted in one way or another by the folks at the Census Bureau. For Costa Mesa residents who received a letter, email, or smartphone notification, it probably pointed out that there is a legal obligation to provide truthful answers for the every-ten-year canvass.

For those who have yet to respond, this might have provided a degree of anxiety—especially given the April 1 date that’s part of the message. But don’t worry. That date wasn’t a deadline—it was simply the Census ‘Reference Day’—the date for which the information is true. If Aunt Mabel was residing in your Costa Mesa home on April 1, she should be included in the household’s headcount—even if she subsequently moved out. The stated object is “to count everyone once—only once—and in the right place.”

Some individuals randomly receive more specialized questionnaires—those can be quite detailed. If you have ever waded through the variety of publications produced from past decennial censuses, you know the amount of effort they represent. That’s especially true this year: COVID-19 has thrown a monkey wrench into the works. The deadlines for responses have been extended, delayed, and sometimes suspended and extended. Field operations have been delayed, causing a renewed plea for those who are able to avail themselves of the online response mechanisms. That will keep the need for knocks on the doors to a minimum—a safety issue this year.

Cooperating with the census effort benefits everyone in any number of ways. Valid census information not only guarantees that Costa Mesa receives a fair share of federal funds ($675 billion annually; even more in state grants)—the deeper data provides local businesses with information that helps them shape the products and services we use every day. It also protects Costa Mesa home values by enabling local leaders to arrive at informed decisions that make the community ever more livable. Keeping up with the latest Costa Mesa area information is important to real estate, too. Call us!

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com

E-commerce Restaurant Ripple Effects on Costa Mesa Real Estate

The rise of e-commerce has created cultural shifts that are ongoing and profound—Costa Mesa real estate is certainly one of them. One ripple effect may be expected from an industry that touches us all: the restaurants. According to the Wall Street Journal, “as e-commerce expands into food delivery, new bets are being made on real estate.”
How so?

Traditionally, except in the most heavily-populated urban areas, regular restaurateurs have put little to no emphasis on food delivery. Although more common in Manhattan, Chicago or San Francisco, in most places, offering a delivery option was at best a financially break-even proposition. But e-commerce has begun to change that and could affect the selling of your home.
As mobile apps and one-click delivery options have skyrocketed in popularity, the revenue potential has become ever clearer. But more than that, now a growing number of restaurants are seeing a new possibility. Why pay for an expensive street-facing retail space in a trendy neighborhood if you could avoid it? Couldn’t you operate your kitchen from a less expensive warehouse district? In other words, if the demand is great enough, why not go all-delivery? The economies are undeniable—especially since it involves dispensing with the payrolls of greeters, servers, and a good deal of associated support staff. So consider these when you plan to buy a house.

The phenomenon has yet to displace restaurants in a major way—and it certainly will never compete with the entertainment value that an evening out at a fine restaurant will always provide. But just as e-commerce has turned the taxicab business upside down, it might not be surprising if the e-commercial revolution winds up allowing a significant number of restaurants to focus their efforts toward delivery. The Journal even reports the advent of startup companies opening shared kitchen in industrial buildings devoted to “liberating” restaurants from their storefronts.
For local homeowners, the effect on their own Costa Mesa real estate might not be affected by this particular cultural shift—except for the possibility of having a variety of delicious local restaurant meals available at our doorstep. Look for a slow decline in restaurant development in the coming decades. One can never fully predict the effect of a small shift like this so keep it on your radar!

Costa Mesa real estate is changing fast, too. I hope you’ll give us a call with any and all of your real estate queries!

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s the L3 Mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com

Does a Baby Boomer Wave Create Costa Mesa Real Estate Opportunities?

From midway across the Pacific came an interesting commentary last week—one that sparked an idea Costa Mesa investors should look at, especially with the recent news. The article appeared in the HawaiiHomes section of Oahu’s Star-Advertiser where an investor couple decided to make a change in their real estate portfolio.
The investors “Joyce” and “Reid” are seniors and have “been reading about the demand for senior-friendly housing”. Over 10,000 people turn 65 every day in the U.S., this AARP statistic is a little startling until you realize that there are 77 million American Boomers who were born between 1946 and 1964.
To Joyce and Reid, that fact—plus local senior-friendly housing prices were on the rise—convinced them that a portfolio change might be needed. They ultimately decided to swap their current investment property—a two-story townhome—for a more centrally-located property. It’s walking-distance location, in addition to a single-story floor plan, makes it senior-friendly. Keep these tips in mind if you plan on doing something similar.
The decision was fortified by other observations. In their area, some senior living communities were already experiencing waitlists. They reasoned that the senior-friendly rents would increase. And if in future years they found themselves unable to obtain suitable housing, they may decide to move into their investment property themselves. This could be an option if you are looking at purchasing a second property.
The demographic repercussions the Hawaiian landlords observed is one that Costa Mesa residents have probably been reading about, too. Costa Mesa real estate investors might want to keep senior living in mind when they’re weighing alternative real estate investments. TheL3 is here to assist with all Costa Mesa’s real estate investment alternatives!

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com