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Sunday, March 29, 2015

Real Estate

Art Deco relic on San Fernando Road now going for $2.3 million

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GLASSELL PARK -- There's nothing like some Art Deco and Streamline Moderne touches to dress up a relatively simple commercial building. For example, the former Hemphill Diesel Engineering School built in 1923 on San Fernando Road near Division Street features a gold colored frieze filled with Machine Age imagery, including speeding trains, ocean going ships, dirigibles and even a tank.

Developer’s new home plans stir up Echo Park gentrification talk

Developer wants to develop this duplex to build five new townhomes

ECHO PARK – After the small, peach-colored duplex at 1936 Preston Avenue went up for sale last summer for $599,000, a buyer eventually emerged who paid $170,000 over the asking. But the new owners had no intention of moving into the 1920s property. Instead, 4site Holdings LLC, a Silver Lake-based developer, wants to demolish that duplex and building five townhomes on the same lot.

NELA Union: Selling Fast and Nearly Sold Out

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NELA Union has distinguished itself as the fastest-selling new home community on the Eastside. These three-level urban residences by Warmington Residential provide clean modern design, top-notch build quality and a great location in red-hot Glassell Park — mere minutes from Highland Park, Silver Lake and Downtown LA.