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Get it while it lasts! Reduced by $40,000 and priced to sell. 2 bedroom, 1 bath Whitley Heights Spanish-style bungalow + 1 bedroom, 1 bath unit below perfect for use as a guest unit, creative space, office, lots of potential here! Click here for more photos and all the details.
In May the average price a buyer paid for a condo downtown was $769,830. In May 2015 the average was $685,522. That’s an increase of 12% year-over-year. In dollars that’s $84,000 for the year. Or $7,000 per month. It won’t last forever but there is no end in sight…
Open house in Hollywood this Saturday 2-5pm in the always-hot Hollywood Dell neighborhood! This one offers all the excitement of Hollywood’s restaurants, bars, nightclubs, theaters and shopping centers within walking distance, while its tucked-away location in the Hollywood Dell neighborhood feels a world away.
Just listed and new to the market, this hillside triplex in the Franklin Hills area of Los Feliz is perfect for an investor. It’s also perfect for the first-time home buyer who hates paying rent. Why is this the perfect property for people who hate paying rent? Because the day you stop paying rent you not only get to stop paying rent, which is awesome, you also get to start collecting rent. You win. And you keep winning if you are like most people I know who own income property today. It is a great time to be a landlord in Los Angeles.
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! Continue reading
1,760 square ft.
6,686 square ft. lot
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
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
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.
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
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.
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….
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