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:
Small-lot construction bears fruit as new homes go up for sale in Highland Park and Echo Park. The school district has reached a settlement that will preserve a small piece of Roosevelt High as part of a sweeping new construction project. And the L.A. Times reveals the identity of the real estate blogger who produces Yolanda’s Little Black Book.
Real Estate Roundup
Yolanda’s Little Black Book is well known in L.A. real estate circles for landing scoops, gossip and insider details on celebrity home sales — including properties in Los Feliz, and Silver Lake. But the identify of the blogger has remained a secret — until now. The L.A. Times reports that a 28-year-old financial manager who recently worked at Compass real estate brokerage was the man behind Yolanda’s Little Black Book. Jim McClain didn’t talk to the Times but Compass said that it “will prosecute this individual to the fullest extent of the law.”
L.A. Unified will build a new social justice learning center at Roosevelt High and try to preserve the entrance to a landmark classroom building as part of a settlement with those opposed to demolishing most of the old campus to make way for a $173 million modernization, The Eastsider reported. L.A. Unified has pledged to spend about $1 million to try and preserve the entrance and front steps leading to the R Building, the oldest and largest building on campus. That chunk of the building would be relocated and become part of a memorial in the school quad, according to officials. If preservation is not possible, a replica will be constructed.
Homes are now going up for sale at a small-lot development at Alvarado and Santa Ynez streets, south of Sunset Boulevard. The six detached, single-family loft homes each have two bedrooms, two baths and a 2-car garage. Redfin has at least one unit selling in the $1 million range.
Five small-lot properties are up for sale at Art Walk Homes in the 300 block of South Avenue 57. It’s billed as a creative community, encouraging use for the arts, with ground level front entries opening to concrete floors, 14-foot ceilings and a flexible space. Redfin has them selling in the $800,000 range.
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That’s it for this issue of Real Estate Monday. We will be back next Monday.
— Barry Lank & Jesús Sanchez
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