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El Segundo

Reverse Mortgages of Southern California services El Segundo Homeowners

Reverse Mortgages of Southern California has earned a reputation for being an established reverse mortgage company serving the South Bay area in the form of reverse mortgages, HECM, reverse mortgage loans, home equity conversion mortgages, HECM for purchase, mortgage loans, mortgage refinancing, home equity loans and adjustable rate mortgages that current customers have come to rely on. Proudly serving all of the Los Angeles, southern California area since 2005.

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About the City of El Segundo

El Segundo is a city in Los Angeles County, California, United States. El Segundo, from Spanish, means The Second in English. Located on the Santa Monica Bay, it was incorporated on January 18, 1917, and is one of the Beach Cities of Los Angeles County and part of the South Bay Cities Council of Governments. The population was 16,654 at the 2010 census, up from 16,033 at the 2000 census.

In 2006, El Segundo won an Eddy award for being the most business-friendly city in L.A. County. El Segundo is in transition from being a predominantly blue-collar ‘company town’ to being a ‘corporate’ town where the tax base relies on a non-resident working population. Pollution and toxic waste cleanup remain issues as El Segundo converts industrial sites to shopping malls and sports facilities. The north and south boundaries of the town are the LAX airport and Manhattan Beach, with the Pacific Ocean as the western boundary. Aircraft noise from LAX is a major issue for residents on the north side of El Segundo. Residents are currently active in tree-planting along Imperial Highway.

El Segundo has many aviation-related and petroleum-related industries and operations. The name was adopted in 1911 when Chevron built its second refinery, El Segundo, which is Spanish for The Second. In 1928 William Mines, an immigrant from Canada, leased land for a flying field. In 1930 Los Angeles Municipal Airport, later Los Angeles International Airport, opened north of El Segundo; its presence led to the concentration of aerospace and aviation-related firms in the El Segundo area. Many large aerospace companies have facilities in El Segundo, including Boeing, Raytheon, Lockheed Martin, Northrop Grumman, and The Aerospace Corporation, which is headquartered there. It is also home to the Los Angeles Air Force Base and the Space and Missile Systems Center, which is responsible for space-related acquisition for the military. In addition to the Chevron oil refinery, El Segundo is also home to the Hyperion sewage treatment plant and the El Segundo power plant. 

The population was 16,654 at the 2010 census. There were 7,410 housing units of which 42.8% were owner-occupied, and 57.2% were occupied by renters. The homeowner vacancy rate was 0.4%; the rental vacancy rate was 4.1%. 49.1% of the population lived in owner-occupied housing units and 50.4% lived in rental housing units.

Source: El Segundo on Wikipedia