12th Floor Loft in the Historic Core

460 South Spring Street #1205
Screenshot 2016-04-20 21.35.022 Bedrooms – 2 Baths – $944,000


Just listed and brand new to the market, this 12th floor loft in the Rowan Building is one of the best units you will find in the Old Bank District. If you haven’t seen it you may be too late, the seller accepted an offer immediately following the first weekend of open houses. Wow!

Screenshot 2016-04-20 21.35.02
Screenshot 2016-04-20 21.35.18

Unit 1205 has 1,260 square feet of living space and it is the largest unit on the 12th floor. Continue reading

Almost Pasadena

262 South Berkeley Avenue
Pasadena, CA 91107

3 bedrooms
2 baths
1,760 square ft.
6,686 square ft. lot

www.262sberkeley.com

Almost Pasadena. File this one under strange but true. Almost Pasadena is a place in Pasadena and not in Pasadena at the same time. A place where some people live within the Pasadena city limits, some don’t live in any city at all, and some can leave the city of Pasadena without leaving the house. Continue reading

Country Cottage for sale in Pasadena’s Caltech Neighborhood ~ Open House Sunday 2-5pm

Caltech-area homes
LA Property Solutions Caltech

262 S Berkeley Avenue
Pasadena, CA 91107
3BD, 2BA
1,760 sq. ft.
$938,888

Pasadena is one of America’s best places to live. As home to NASA’s Jet Propulsion Laboratory, the world-famous ArtCenter college of design, and the California Institute of Technology, or Caltech, Pasadena has plenty of intellectual cred. Pasadena is where some of mankind’s most astounding scientific achievements have occurred and where Albert Einstein served as a visiting professor in the early 1930’s.  Continue reading

The Incredible Neon Signs of Los Angeles

Income Property is the Best Buy

Average Sales Price Income Property

Income Property Sales Trends

I still can’t find that one person. That one person who ever bought a duplex in Silver Lake and regrets it. Income property prices continue to rise in Silver Lake, Atwater Village, Highland Park and, especially, Echo Park, where the average multi-unit property sells for 29% more than it did last year, on average.

It’s a great time to be a landlord in Los Angeles.

People who own multi-unit properties in L.A. right now are sitting pretty. Demand for rental property far exceeds the number of rental units available today. Few new dwelling units have been added to the area’s housing supply this century and those being built today will barely put a dent in current demand, let alone future demand. The economy is on fire, everyone is working again, more people than ever want to live in the Los Angeles area. It is smart to be a landlord and it is the right time to buy income property in Los Angeles. Continue reading

Video

NoHo Classic Traditional Home + Creative Studio

www.5749troost.com

It’s worth $264 more every day in Frogtown

Real Estate Market Trends Elysian Valley

Home Prices in Elysian Valley

The median selling price of a home in Elysian Valley is now $550,000. Yikes. Last year it was $455,000. Wow. That’s an increase of $95,000 in one year – more than 20%. Holy…  If your house in Frogtown is super-average its value increased by almost $100,000, or $7,917 per month, within ONE YEAR. Huge numbers! Huge. Homeowner + Frogtown = Genius. Genius.

Elysian Value House Values 2016

All signs point to a very bright future and increasing prosperity for Frogtown. Its proximity to Silver Lake, Echo Park, Atwater Village and Downtown Los Angeles make it the most appealing place along the LA Riverfront to buy property today. The market tells us prices continue to increase in Elysian Valley, however, a 20% increase in property values may not be sustainable over the long term. Unless Frogtown is the new Venice, which it may be, we shall see….

Is it Time to Sell in Frogtown?

Maybe. You own a home in Elysian Valley and you know your home is worth a fortune. That makes you a genius with a fortune in equity. Are you a fortune teller? Unless you a psychic genius who can see the future you don’t know what you don’t know.

My point of view is: it depends. It depends on your future plans. What are your goals? What do you want to do with your life? Here are the most common situations people thinking about selling are in… Continue reading

Live/Work in NoHo! Open House Thursday!

5749 Troost Avenue North Hollywood
5749 Troost Avenue
North Hollywood, CA 91601
2BD, 1.5BA + Detached Studio
1,474 sq. ft.
$599,000

Living Room View copy

It’s a Home + a Creative Studio Space!

From the street 5749 Troost looks like other pre-war traditional-style homes in North Hollywood. You may think you know what to expect once you are inside – hardwood floors, very little ornamentation, quality built-in cabinetry. This one has all of that plus a whole lot more.

Continue reading