With investors scooping up Highland Park properties for their next house flip and Echo Park cottages selling for $605,000 in cash, what’s a first-time home buyer on a budget to do? Condos often serve as a lower-priced alternative to single-family homes but finding an Eastside unit for under $200,000 can still be a challenge. A check on condos priced $200,000 and under across our Eastside Zip Codes turned up less than a dozen properties–two of which are being sold at auction. The results could either motivate you to do some condo shopping or save up to buy a detached home. Here’s a peek at three:
|805 Temple Terrace #211, Monterey Hills|
A two-bedroom, two-bath unit includes a balcony that overlooks a pool and spa in the 32-year-old Temple Terrace, one of the sprawling condo complexes that crown Monterey Hills. Association fee include basic cable TV.
| 4755 Templeton St. #2310, El Sereno|
The newest (built in 1995) of the three condos includes two bedrooms and three bathrooms. The third-floor unit features a living room fireplace and balcony.
|3030 Villa Vista Drive #18, Glassell Park|
With an asking price of $49,000, this could be either a real deal or really depressing. This single, 393-square foot unit is being sold at a probate auction this month.
|Photos from Redfin|