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:
Prefab homes are very visibly going up near Echo Park Lake. Thirteen houses are planned near Dodger Stadium on a lot that has been empty for more than 10 years. And the L.A. Times weighs in on turning a Silver Lake gas station into a historic monument.
Real Estate Roundup
A giant crane on the bluffs west of Echo Park Lake has been swinging and then slowly dropping sections of prefabricated homes that are being assembled on a lot on Belmont Avenue. It’s the latest prefab project in the neighborhood by ark.la development, which recently completed a four-home project on Quintero Street above Sunset Boulevard. The Eastsider
A Rolling Stone profile of the pop singer-songwriter Sia Furler explains how the money she earned from the song “Titanium” allowed her to move out of a studio apartment and buy a home “in a nicer part of Echo Park.” Earlier this year she sold the 2-bedroom bungalow in the 2100 block of Princeton Avenue for $980,000 or $131,000 over the asking price, according to Redfin.
Thirteen small-lot houses are going up south of Dodger Stadium, on about half an acre that has been empty for more than 10 years, Urbanize reports. The project, called Mar View, is at 1118 W. White Knoll Drive. Each home is to include a two-car garage and an outdoor deck.
A 36-unit apartment building a 5112 Oakland Street sold for $7,325,000, according to Redfin. The complex sits on about half an acre and has a total of 46 bedrooms and 46 bathrooms.
A 20-unit apartment building at the corner of N. Figueroa and Myosotis has sold for $5,425,000, according to Redfin. That is exactly $1 million above its last sale price in November 2017.
The historic Nickel-Leong Mansion on the border of Mount Washington and Cypress Park is on the market — again. In a neighborhood of relatively small homes and bungalows, the towering columns of the the 1905 Greek Revival home certainly stands out. The home, a city historic landmark, is the work of John C. Austin, the same architect who designed the Griffith Observatory. The 5-bedroom home on an approximately half-acre lot is currently being offered for sale at $1.050 million. It appears, according to Redfin, to be the sixth time the property has been listed since 2004.
The L.A. Times weighs in on efforts to save an old Silver Lake gas station and have it declared a historic monument. The move would complicate a developer’s plans to demolish the Silver Lake Boulevard station and build new apartments over storefronts. L.A.Times
The former Bar Keeper storefront in Sunset Junction has gone up for rent for nearly $5,000 a month, according to a listing on LoopNet. Owner Joe Keeper had cited rising rents and a lack of street parking in Sunset Junction for moving his barware shop several blocks south to Hoover Street.
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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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