Monday, October 24, 2016

Author Archives: Jeff Marino

Echo Park home prices jump in September; hot pink Silver Lake Spanish sells for $1.9 million

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Home prices increased just 3.8% in the city of L.A. this September - the lowest price appreciation since June 2012, according to a recent report from real estate brokerage, Redfin. But the Eastside was an exception as it contains some of the most competitive markets in all of L.A. The typical Eastside home now sells within 15 days, with more than half of all homes sell for more than the asking price. Read More »

Mt. Washington Mid-Century landmark sells for $1.35m; Lincoln Heights artist loft goes for under $500k & more

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The Eastside was L.A.'s most competitive housing market in August, with the typical home selling in about two weeks and the majority of homes selling for above the asking price, according to a recent report from Redfin. Prices are still climbing on the Eastside as well. As of August, the median sale price in Highland Park was $592,000. To put this in perspective, it was just $365,000 in August of 2013. Read More »

Flippers double their money in Highland Park and Mt. Washington; Atwater home under construction sells for $900k

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Flippers are making healthy returns on the Eastside. Remodeled homes in Highland Park and Mount Washington sold for about $300,000 more than they sold nine months ago and a new Atwater home sold for $900,000 while still under construction. Several multi-family units have sold recently on the Eastside, including a 20-unit building in Glassell Park that went for $3,350,000. Read More »

Tiny houses go for big money on the Eastside

Photos from Redfin.com

As of this July the median sale price on the Eastside was $582,500 and the typical home sold within 15 days of being listed, according to a recent report from Redfin, with the median in places like Echo Park and Eagle Rock topping $600,000. So this begs the question: What does all this money buy you on the Eastside? In many cases, the answer is not much. Read More »

“Spanish Castle” fixer-upper sells for nearly $1m in Glassell Park; Atwater Village bunglaow sells for $136k over asking & more

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A couple of huge compounds recently sold on the Eastside, including what's described as a "Spanish castle" in need of fixing up that went for nearly a million dollars in Glassell Park, and a 3,500 square-foot property with a main house and guest unit that sold in Silver Lake for nearly $1.9 million. A perfectly humble, little bungalow in Atwater Village sold for $735,000 -- $136,000 over its original list price. If you wanted to buy a "fixer deal" in Highland Park, you would have needed a half-million bucks. Read More »

Eagle Rock traditional sells for $100k over asking; Highland Park miniature sells for $761 per square foot and more

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Eastsiders are buying big views in El Sereno, Glassell Park, Montecito Heights and Mount Washington. A two-level, Eagle Rock traditional sold within 10 days of hiting the market for $100,000 over the asking price. A charming Spanish revival home sold for just under $400,000 in the unincorporated zone of East L.A. and yet another tiny bungalow sold in Highland Park for a pricey $761 per square foot Read More »

Eagle Rock home sells for $250k over asking; El Sereno 4-bedroom sells for $440k & more

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Eagle Rock is one of the most competitive real estate markets on the Eastside, and we've got a recent home sale to prove it. A Spanish-style home on Hill Drive sold for $950,000 - $250,000 over the original asking price If you are priced out of Eagle Rock, check out the remodeled 4-bedroom, 2-bath home that sold in El Sereno for a relatively modest $440,000. Meanwhile, in Glassell Park, a two-level California bungalow with exposed wood beams sold for $721,000.

Atwater Village fixer sells for $500k; tiny Highland Park bungalow sells for $810 per square-foot; reality TV condo goes for $595k in Echo Park

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This roundup of recent Eastside home sales is big on tiny homes going for lots of money. A 654-square-foot Highland Park bungalow sold for $530,000, which is a staggering $810 per square-foot; and a 740-square-foot bungalow sold in Silver Lake for $672,500. Be sure to check out the interior design on the Echo Park condo that sold for $595,000; it was featured on Bravo's reality show "Interior Therapy" with Jeff Lewis.