Lincoln Heights buzzing about affordable housing; Glassell Park residents seek to buyout developer; Angeleno Heights landmark going for nearly $2 million

A Roundup of Eastside  Real Estate and Development News

Welcome to a digest of Eastside real estate news, development and people. In this week’s issue:

In Glassell Park, neighbors are trying to buy the land earmarked for a housing development.  A plan to building housing on public parking lots is a hot topic in Lincoln Heights. Meanwhile, a historic Angeleno Heights Craftsman is on the market for nearly $2 million while another historic monument, an Italianate-style home in Silver Lake, sold for nearly $1.7 million.

Read on!

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Real Estate Roundup

Angeleno Heights

A historic Angeleno Heights Craftsman overlooking Echo Park Lake has gone up for sale for $1.895 million. The 4,600-square-foot home at 1048 W. Kensington, now divided into apartments, was built in 1906 for Mary Stilson, the widow of one of the original developers of Angeleno Heights, according to historian Charles Fisher. The equally imposing Craftsman next door at 1046 W. Kensington was home to Stilson’s son, Fielding. Both houses were designed by Arthur Benton, a noted architect who also called Angeleno Heights home.

Echo Park

Proximity to Dodgers Stadium is a main selling point for a 2-bedroom home in the 1500 block of N. Boylston Street, according to Curbed L.A. The back deck looks right into the Dodgers parking lot, and you can see the post-game fireworks without even leaving the property. That’s just as well, since pre- and post-game traffic is pretty much going to trap you inside the house on game days. Listed at $699,000.

El Sereno

We have an update about the large affordable housing project proposed for a site near Huntington Drive and Soto Street.  Curbed L.A. reports that the East L.A. Community Corporation, which has developed numerous affordable housing complexes, is behind the 85-unit project called Rosa de Castilla Apartments. In an updated filing with the Planning Department, the developer is seeking to build a project that is taller and larger than currently allowed in return for reserving the apartments for low-income tenants.  Planning Department staff has recommended that the project should not be subject to a detailed environmental impact report. A public hearing that had been scheduled on the project for Jan. 18 was postponed. A new hearing date is pending.

Glassell Park

Can neighbors keep Walnut Canyon as parkland? The canyon and hillsides in the area of Brilliant, Sundown and Haverhill drives has long been used as open space but is privately owned.  Now a 32-home project is being proposed for about a third of Walnut Canyon – and a committee from the Glassell Park Improvement Association is gearing up to raise money to buy the land to preserve it as open space  Officials with developer Burns and Bouchard confirmed that discussions about selling the land to the group is ongoing. But the firm is also continuing to pursue the project. Meanwhile, the Planning Department staff is  reviewing a final environmental impact report for the development. A Planning Department spokeswoman said a public hearing will be held once the final report is issued. Details are upcoming in The Eastsider.

Lincoln Heights

There’s a lot of buzz and rumors circulating about the affordable housing proposed for several city owned parking lots. But as for exactly how many residential units might go up and who might live there, those plans are still taking shape, according to Fredy Ceja, the communications director for 1st District Councilmember Gil Cedillo. The lots on N. Workman Street, Avenue 24 and N. Daly Street — all of them near North Broadway —  are among the 12 public parking lots across the city that have been targeted for housing development.  The units would be a mix of affordable, workforce and market rate – with the homeless  possibly able to live there under subsidy. The Eastsider will have more details upcoming.

Virgil Village

Photo by Jason Speth/Courtesy of LiveAtCitizen.com

You don’t see a lot of apartment buildings painted black and white. So a mid-rise along the 4100 block of Marathon Street may have caught your eye. That’s the Virgil Village location of The CitiZen, a brand of apartments applied to several properties around town. The Virgil Village location – originally built in 1989, but now repainted and renovated – has 94 apartments. Those who want to live in the black-and-white complex will need a lot of green, however. Leasing rates start at $1,895.

Notable Sales

A 3-building property with 18 apartments in the 600 block of Maltman Avenue in Silver Lake sold for nearly $6 million.

A 5-bedroom Italianate-style home on the Silver Lake-Echo Park border has sold for $1.68 million – that’s $200,000 below the asking price.  The home in the 2500 block of Mayberry Street next to Mayberry Elementary that was built by Innocenti Palombo, whose design for the home was inspired by an Italian  palace in his hometown of Vicalvi.

On The Market

New Listings From Eastsider Sponsors

A Los Feliz Modern with Epic Views

C. 1927 Spanish in the heart of Atwater Village!

Echo Park Duplex circa 1921 Delivered Vacant

For Sale: Stylish + Updated Silver Lake View Home

Breathtaking Modern Architectural With Unobstructed Panorama

That’s it for this  issue of Real Estate Monday. We will be back next Monday.

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  1. The Coalition to Preserve Lincoln Heights has four responses to CD-1 City Councilman Gil Cedillo’s ARBITRARY ACTION to propose using Measure HHH Homeless/Services Bond Money to convert five essential Public Parking Lots, along Lincoln Height’s Broadway Business Corridor, into “Affordable, Workplace and Market-Rate Housing (with maybe some Homeless Units).

    1. The 5 parking lots have been approved and will be built on.

    2. There was lack of community input and outreach.

    3. Gilbert Cedillo is not transparent with the community of Lincoln Heights.

    4. Our lawsuit will pause the process giving our community the time and attention we deserve.

    Please visit (and LIKE) our Facebook Page to stay inform of our GROWING coalition actions to counter this blatant misuse of Public Bond Money.

    • Truly disingenuous, Gil Cedillo accelerating his Agenda for monetary gains Absurd…40 year ,Owner ,resident and constituent. Por Favor ,,lla Basta enough…Long counterintuitive, and Court dialogue for this to Occur…Did not vote for You….

  2. Gil Cedillo is the worst. I hate to say it here, as it does little to change anything, but he has a history of not reqching out to his constituents (or pretending to with a façade of outreach), breaking promises to his constituents when it no longer benefits his politcal career, and a baffling lack of transparency in his decision-making. The guy is an opportunist who won our district’s seat after the previous office-holder termed ou, and has done more to work against the passionate efforts of our community than anything. Who does he really represent? It’s not really clear. Good luck to you guys and your efforts.

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