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