One of the fastest-selling communities in Los Angeles is almost sold out and construction is nearly finished on RiverPark’s final few residences. Fortunate buyers who take advantage of the last chance to purchase in the desirable, Downtown-close Taylor Yard Village masterplan will be able to move in immediately. Sales Manager Marisol Almonte is encouraging shoppers to call her directly at (323) 222-0501, so they don’t miss out on the opportunity to own a spacious, contemporary, RiverPark home — or one of the beautifully furnished models.
Located directly adjacent to the 40-acre Rio de Los Angeles State Park, this limited collection features private fenced yards and some picturesque park views. Between the conveniently central and transit-friendly location, the innovative three- to four-bedroom floor plans, the modern, energy-efficient features, and the abundant family-oriented amenities nearby, it’s no wonder RiverPark is so popular!
Current homeowners already know about the numerous advantages of owning, but if you are a renter who is still on the fence about purchasing a home in Los Angeles now, our recent buyers have three great reasons to share.
Reason #1: Appreciation
One couple — who purchased an A2 Plan featuring an airy design with a large living area, an expansive kitchen with an island, a two-car garage and a fenced patio — are “really excited to start putting our money towards a mortgage rather than rent.” They know that home values are on the rise and are sick and tired of giving that advantage away to their landlord.
“Owning a home is an investment many people can understand better than buying stocks, because they get the tangible daily lifestyle benefit of living in the home,” states Zillow. “But the financial benefits are also significant, and can be more substantial than stock investing. As a home appreciates, it accrues faster than a stock might because you get the appreciation on the entire home’s value, not just the gain on your down payment cash invested.”
A unique, public-private joint venture with the Metropolitan Transportation Authority, Taylor Yard Village is located in Cypress Park, one of the hottest neighborhoods in Los Angeles. At the center of the L.A. River Restoration project, a 51-mile greenway corridor is planned along the riverbanks, and almost 25,000 square feet of new retail is coming soon.
“It’s definitely got a family vibe and the area has a lot of potential for future development,” observes a couple who also appreciate the easy access to the 2, 5 and 110 freeways and the Lincoln/Cypress Metro Gold Line station. The Metro Rail extension that’s under construction will make it even easier to reach destinations all over L.A. County.
Reason #2: Rent AND interest rates are going up
Renting in Los Angeles is expensive and unpredictable. In addition to annual rent increases, your landlord might even decide to sell the building. Not being in control is challenging, compared to the security of a mortgage payment that’s locked in. 30-year fixed rates are getting close to 5%, but they are still exceptionally low when you compare the monthly payment to your rent.
“The more buyers wait, the more expensive it will get to buy—not just because of home prices, but because of inflationary pressure,” said Realtor.com. “In other words, if you want in on the American dream, now might be the time.”
Reason #3: Buying new means everything new
It’s surprising how great it feels to unlock the door of a brand new home that’s all yours, and the freedom to personalize your living space is exhilarating. Previously owned residences almost always require updates just to bring them up to modern standards — not to mention having to undo or live with someone else’s decorating choices — and most landlords won’t even let you paint, let alone remodel.
Another first-time RiverPark buyer shares that his residence perfectly suits his lifestyle — especially when he considered whether to purchase brand new or resale. “I weighed the pros and cons of fixing up an older home versus buying new construction, and there was no comparison when RiverPark offered a beautiful, brand-new, three-story home, within my budget. I’ve never had a space to make my own, so I’m really looking forward to decorating!”
Become a new homeowner today! RiverPark’s sales office and furnished models are located at 2700 E. Chaucer Street, #17 (best reached from San Fernando), and are open daily from 10am to 5pm. For more information, call Marisol at (323) 222-0501 or click here to register.