Monday, October 24, 2016

Sales Report: Silver Lake home sells for more than $1,100 a square-foot; Eagle Rock Mid Century goes for $955k; Lincoln Heights lot fetches $45k


Effie Street home sold for more than $1,100 a square-foot


Silver Lake

  • Priced at $795,000
  • Sold at $795,000
  • A contemporary-style home on Effie Street has only 672-square-feet of space but includes a recording studio with a private deck. The new owners paid more than $1,100 a  square-foot.

Atwater Village

  • Priced at $649,900
  • Sold at $650,000
  • Two houses on a large lot in the far north end of Atwater

Eagle Rock

  • Priced at $949,000
  • Sold at $955,000
  • A four-bedroom Mid Century-style home north of Colorado Boulevard

Highland Park

  • 6115 Mount Angelus Drive
  • Priced at $590,000
  • Sold at $636,000
  • A 1924 Craftsman in the Mount Angelus area sold for nearly $50,000 over asking.

Lincoln Heights

  • Priced at $49,995
  • Sold at $45,000
  • A large, 18,845-square-foot lot that is an “excellent opportunity” for an investor or someone looking to build a new home.

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  1. ouch. not a fleecing, but those folks won’t be getting much return anytime soon.

  2. The Silver Lake house looks to have been purchased for rather a hefty premium considering it is a tiny walk up but the Eagle Rock and Highland Park home buyers look to have purchased their homes at quite a fair price. They could realize a return, if that is what they are looking for, within months. The Silver Lake purchaser will eventually see a return. I’d say within a year. Give it time and Los Angeles real estate ALWAYS goes up…….

    • A return? Does every house have to be a flip job? Isn’t it conceivable that somebody would buy a home to actually live in?

      • Yes, but nobody’s going to live in a 650 square foot house very long.

        The previous owner was a young man whose parents bought him the place, had a kid and moved out.

  3. the seller bought the house for $730,000 in 2013… my guess is they should have held on a little longer. Tho a 65k profit isn’t anything to balk at.

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