Category Archives: El Sereno

El Sereno

Houses For Sale in Los Angeles Under $500,000?

Good news, you can still buy a house for under half-a-million dollars. These are the 3 neighborhoods in Northeast Los Angeles (NELA) where average prices are under $500,000:
Lincoln Heights

    Cypress Park
    El Sereno
    Lincoln Heights

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5311 Ithaca Avenue, Los Angeles, CA 90032

Updated 3 Bed Contemporary in Hills of NELA – SOLD

5311 Ithaca Avenue NELA
SOLD in multiple offers well above the asking price. To see homes like this coming up for sale check the coming soon page.
5311 Ithaca Avenue
Los Angeles, CA 90032
3BR/1.5BA, 1,050sf
$449,000
Open Concept Bottom LevelView Deck
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2014 Eastside Real Estate Market Recap

Moreno Highlands Silver LakeThe 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