This Highland Park home, under contract after only nine days on the market, sold in January for $1.15 million, fully $155,000 over the asking price.

Paying a million dollars or more for a home in NELA is now the rule, not the exception

By Jeffery Marino At $1.1 million, the median price of a house in Northeast Los Angeles was unchanged from December 2021 to January 2022.    But the pause in price increases looks temporary for the simple reason that there are still more buyers in NELA than houses for sale. The dearth of homes on the […]

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NELA Real Estate in 2018: Big Money and Big Issues at Stake in Regulating Short-Term Rentals

Los Angeles is awash in short-term rentals (STRs) and neighborhoods in Northeast L.A. are no exception. A recent glance at Airbnb and other STR sites turned up 251 offerings in Highland Park at an average rate of $98 per night, 159 in Eagle Rock at an average rate of $159 per night and 118 in […]

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NELA Real Estate in 2018: Want to Buy a Fixer-Upper? Good Luck. 

  It’s no secret that many houses for sale in NELA in recent years have been flipped by investors who buy, remodel and quickly re-sell them for big profits. What is (somewhat) surprising is that investor buying remains strong even at today’s high prices – and that homebuyers are still paying up for recently rehabbed […]

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