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:
The 13-foot-wide Eagle Rock manufactured home we told you about in February has sold above its asking price. City staff have recommended against declaring a Silver Lake bungalow a historic landmark. Meanwhile, the city is moving ahead with plans to place restrictions on Airbnb rentals.
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Real Estate Roundup
Private home rentals
Short-term rentals of primary homes would be limited to 120 days under regulations approved by a City Council Committee. Homeowners could seek exemptions under certain circumstances. The regulations now head to the Planning Commission for further review. L.A. Times
Homeowners could be paid to house homeless people and families in a second home on their property or in permitted garage conversions under a $550,000 pilot program from L.A. County. L.A. Times
A newly constructed, 4-bedroom “Masterpiece of Minimalism” sheathed in black metal has sold for $1.85 million or $145,000 below the asking price, according to Redfin. The cube-like home in the 1900 block of Delta Street was designed by Swiss architect Roger Kurath.
The Taco Bell in the 1700 block of Colorado Boulevard is getting a new exterior, dropping the red tile and pseudo Spanish architecture in favor of a more modern look. Expect to see the kind of contrasting paint colors that have become popular in new construction as well as Corten metal and painted wood slats plus a faux tower. They also plan to construct a new buffering wall and two triangular landscaped islands. City Planning has given its blessing.
A 13-foot wide, 34-foot-long manufactured trailer home sold for $75,000 or $5,000 above the asking price, according to Redfin. The one-bedroom home with a “cozy” living room and “ample” parking is located in the 5000 block of Argus Drive next to several other manufactured homes.
A proposal for a mixed-use affordable housing complex in the 4200 block E. Huntington Drive south has been put before the Los Angeles City Planning Commission, according to Urbanize. The Rosa de Castilla Apartments would replace a former market with a pair of 4-story structures containing 84 rental apartments, 2,500-square-feet of ground-floor commercial space and 68 basement parking spaces. The Planning Department’s staff report recommended approval.
A group wants to start an urban farm on a 1.25-acre parcel at the end of Loma Lada Drive. The web page for the group says they plan to split the land into three sections — a market garden, a drought tolerant orchard, and a California indigenous plant garden. The matter goes up for discussion at the Glassell Park Neighborhood Council meeting on Tuesday. Details coming up in The Eastsider.
A typewriter repair shop in Highland Park faces a 250% rent hike on a space it has occupied for more than 30 years. L.A. Taco
Why have so many architects set up shop along a short stretch of Hyperion Avenue on the border of Silver Lake and Los Feliz? Architects noted that local history, convenience, restaurants, and the timing of the real estate market have all played a role. The Eastsider
Should a stretch of Silver Lake Boulevard be renamed Silver Lake Village? That’s what some merchants have been calling the small cluster of boutiques and cafes south of the reservoir. Now, one shop owner wants to make the informal designation official. The Eastsider
A bungalow that once housed silent film actor and director Charles Avery has been nominated as a Historic-Cultural Monument. But city Planning Department staff is recommending against it. Despite a request for monument status from the Silver Lake Heritage Trust, City Planning told the Cultural Heritage Commission that the one-story Craftsman in the 1900 block of Benton Way was not a particularly significant example of its type, and that Avery himself “did not achieve the level of notoriety necessary to be considered an historic personage,” having “spent his career relegated to minor roles.” Avery acted in about 127 films, including the original Keystone Cops series. The Cultural Heritage Commission has a hearing for this scheduled on April 19.
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That’s it for this issue of Real Estate Monday. We will be back next Monday.
— Barry Lank & Jesus Sanchez
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