Thursday, October 20, 2016

Tiny houses go for big money on the Eastside

Photos from Redfin.com

Photos from Redfin.com


As of this July the median sale price on the Eastside was $582,500 and the typical home sold within 15 days of being listed, according to a recent report from Redfin. The median in places like Echo Park and Eagle Rock topped $600,000. So this begs the question: How much house does this money buy you on the Eastside?  In some cases, the answer is not much.  

We found several homes under 1,000 square-feet that recently sold far above half a million dollars. The median price per square foot — which tells you how much living space you are actually getting for the price — throughout L.A. is about $400, according to Redfin. That’s high by national standards but reasonable compared to these Eastside mini-houses,  some of which sold for over $1,000 a square foot.

Check them out.

Angeleno Heights

649 Laveta Ter. 2 bed, 1.75 bath
Sales Price: $750,000

This 858 square foot home in Angeleno Heights sold for $100k over the asking price and was off the market in two weeks. Price per square foot: $874.

Eagle Rock Area

2666 Banbury Pl. 1 bed, 1 bath
Sales Price: $575,000

This 650 square foot Eagle Rock bungalow was off the market in 9 days. Price per square foot: $887.

Echo Park Area

1840 Lobdell Pl. 1 bed, 1 bath
Sales Price: $500,000

At 495 square feet, this little Echo Park “pied-a-terre” is the smallest home on our list. Price per square foot: $1,010.

Silver Lake Area

1448 Angelus Ave. 2 bed, 1 bath
Sales Price: $726,000

Three-quarters of a million dollars buys you 600 square feet in Silver Lake. Price per square foot: $1,190.

1910 Apex Ave. 1 bed, 1 bath
Sales Price: $697,500

This one packs 728 square feet of living space into two levels. Just like the others, it was also off the market within two weeks. Price per square foot: $958.

Real Estate Trends & photos from Redfin.com

Jeffery Marino is a writer and real estate expert at Redfin. He lives in Atwater Village.


Eastsider Advertising

Post a Comment

Please keep your comments civil and on topic and refrain from personal attacks. The moderator reserves the right to edit or delete any comments. The Eastsider's Terms of Use and Privacy Policy apply to comments submitted by readers. Required fields are marked *