The big news in California and the especially hot Northeast Los Angeles real estate market this year: welcome back. Welcome back to the mid 00’s. Home prices in Los Angeles County now equal or exceed those seen at the high-point of the market in 2006/2007 in most parts of town. Historically, home prices in California go up for a while and then they go down for a while. Every time they go back up the peak of the market is higher than the previous one. We are seeing that happen right now as property values and sales prices are hitting new highs in many neighborhoods.
The real estate market on what we loosely call the Eastside of Los Angeles last peaked in 2006/2007, crashed hard in 2008/2009, then “bounced along the bottom” from 2009 until the economic recovery started in late 2012. Prices started rising in most neighborhoods at the end of 2012 and have continued their ascent throughout 2013 and 2014.
2015 Real Estate Market Outlook
Will prices continue to rise in Los Angeles? Have they peaked? Is it a bubble? I’m not psychic, but all of the signals I see indicate prices will continue to rise in every Northeast Los Angeles neighborhood from Silver Lake to El Sereno, Echo Park to Eagle Rock, and everything in between. In an effort to figure it all out and put it all in perspective, here are the stats on 11 Eastside Los Angeles neighborhoods along with my perspective. Here are the ‘hoods in alphabetical order: Continue reading
Posted in Atwater Village, Cypress Park, Eagle Rock, Echo Park, El Sereno, Glassell Park, Highland Park, Lincoln Heights, Montecito Heights, Monterey Hills, Mt. Washington, Silver Lake
Tagged Eastside Real Estate Prices, NELA House Values
Silver Lake + Moreno Highlands + Ivanhoe Elementary School District. Not on MLS. Pocket Listing.
Set in prime Silver Lake, this 1920’s Spanish-style home is currently under renovation and being tastefully updated. The home features 3 bedrooms and 3 bathrooms in nearly 3,000 square feet of living space. Its Moreno Highlands location is within the coveted Ivanhoe Elementary School District’s boundaries. Not on the MLS. Call 310-709-4128 or email Patrick Crane for details.
This gallery contains 4 photos.
4107 Garden Avenue, Los Angeles, CA 90039
4BD, 2BA, 1,794 sq. ft. – $899,000
The 4000 block of Garden Avenue is a very special part of Atwater Village. It starts off with a bang at Los Feliz Boulevard near Atwater’s best breakfast spot, and ends with a neigh at Rigali Avenue where you will find more horses than people in the area known as the Atwater Village Equestrian Center. There are several private stables here plus the Ahmanson Equestrian Facility, home to the Los Angeles Police Department’s Mounted Platoon of 32 horses.
Los Angeles’ first cable-stayed bridge will soon rise above the Los Angeles River to connect North Atwater Village to Griffith Park, giving pedestrians, bicyclists and equestrians direct access to the greatest park in Southern California. This 220′ high multi-modal bridge, La Kretz Crossing, is but a small part of the massive LA River Revitalization Master Plan which, in my dreams, will turn today’s grim asphalt paths along the river into the West Coast’s answer to the High Line.
Wait, there is more: Los Feliz Boulevard alone is home to dozens of great shops, bars, restaurants and cafes less than a 10 minute walk away from Garden Avenue, including personal faves such as Potted, Tam O’Shanter, The Morrison, The Roost, The Griffin, Bigfoot Lodge, and the taco truck at the corner of Perlita and Los Feliz. Believe the hype, Atwater Village is already awesome and more great neighborhood amenities are coming soon. All you need to do now is find a house in Atwater Village… Continue reading
3305 Wood Terrace, Los Angeles, CA 90032 – 2BD/1BA – $699,000
Schedule a showing of this home.
It is rare to see a turn-key home in Los Feliz under $700,000 hit the market these days; this one may just be a holiday gift for the persistent buyer still working while everyone else is on vacation.
Wood Terrace is a quiet little horseshoe-shaped street just off of Griffith Park Boulevard between Los Feliz Boulevard and Rowena Avenue, within walking distance of renowned eateries in both Los Feliz Village and Silver Lake.
The sunlit living room is bright and airy in the mornings with large round-top windows facing the sunrise. The wide plank wood flooring in the living room continues throughout the home. Continue reading
Miracle Mile Real Estate
Here’s your chance to live in the middle of it all!
Farmers Market, LACMA, La Brea Tar Pits, the El Rey Theatre, Tom Bergin’s and dozens of other classic Miracle Mile attractions are within walking distance of this 2,222 square foot home set on a large corner lot. Continue reading