Sponsored Content: All Signs Point to a Beautifully Remodeled Cal Bungalow in Highland Park

  6033 Springvale Dr | Highland Park https://tracydo.com/6033-springvale-dr-highland-park/   3 Beds | 2 Baths | $995,000   Begin the new year in your Highland Park dream home, a sunny Cal bungalow near York Boulevard.    The beautifully remodeled residence strikes a great balance, tastefully blending historic character with stylish modern updates. Natural light fills the […]

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The seller of this Highland Park home accepted an offer that was $80,000 over asking, bringing the price to $1.065 million.

Buyers race to buy homes in NELA as the sellers’ market surges ahead

By Jeffery Marino An imbalance of supply and demand continued to push up house prices in Northeast Los Angeles in November, the latest month with comprehensive sales data. The inventory of homes for sale in NELA was down 45% in November compared to a year ago, the steepest inventory decline in NELA since April of […]

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This 3-bed, 2-bath architectural gem of a house in Eagle Rock was one of the highest priced home sales in NELA in 2021.

The Top NELA Home Sales of 2021

By Jeffery Marino

We are rounding up NELA’s highest-dollar sales of the year. Three of them are presented here along with the all-time highest-dollar sale on record. How much did the top 2021 sales go for? What neighborhoods are represented on this Jeffery Marino special report giving you the details on the year’s biggest deals. Read more for more.

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Pillarhenge, on Colorado Boulevard in Eagle Rock, has been an eyesore since 2008. The owner is now set to sell the property to a new developer. | Photo from MLS

A deal to sell Pillarhenge is in the works; will the sale close?

By Bill Hendrickson Imad Boukai, the Orange County businessman who owns the Pillarhenge site in Eagle Rock, has entered into a contract to sell the property. Located at 1332 Colorado Boulevard, Pillarhenge had been on the market for 12 days before the contract was signed on Dec. 18. The asking price was $2.99 million, though […]

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Sponsored Content: All Signs Point to a Rustic-Modern Cabin in Echo Park

1907 Lemoyne St, Echo Park https://tracydo.com/1907-lemoyne-st-echo-park/   1 Bed + Creative Studio | 2 Baths | $899,000   Broker’s Open Thursday, December 16th from 11A-2P   In prime Echo Park, this rustic-modern cabin with useful bonus space is the private urban retreat of your dreams. Residence, writer’s cabin, creative hermitage, the possibilities are limitless including room […]

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Sponsored Content: All Signs Point to a Light-filled Home in Glassell Park

  3618 Parrish Ave, Glassell Park https://tracydo.com/3618-parrish-ave-glassell-park/   4 Beds | 4.5 Baths | $1,289,000   A light-filled Glassell Park contemporary offering abundant space and gorgeous views in a serene natural setting.    Perched above the city in scenic canyon, the home is tucked away from urban bustle yet just minutes from coffee, dining and […]

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4847 Genevieve Ave in Eagle Rock offers Two for the Price of One alchemy.

Two homes sell for the price of one in Eagle Rock

By Jeffery Marino

Eagle Rock just got a little denser with the sale in October of 4847 Genevieve Ave.

Over the past year and a half, neighbors have watched as the lot was transformed from a single-family fixer with lots of potential into two brand new, self-contained homes. 

The transformation was undertaken by ADU Homes, Inc. Read what they did and how they did it here.

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Typical in every way: This Highland Park house sold in October in a mere six days for $1.1 million, fully $125,000 above the asking price.

As down payments rise, many buyers rely on gifts from family

By Jeffery Marino

What’s a first-time homebuyer to do?

As home prices rise, so do down payments. The median sale price for a home in Northeast Los Angeles was $1.075 million in October. At that price, a buyer would need $215,000 to make a 20% down payment.

To make matters more difficult, buyers who need time to save up for a house are likely to find that home prices rise faster than their savings accounts. There’s more. Read on.

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Sponsored Content: All Signs Point to a Two-Level Modern Condo in Echo Park

  957 N Figueroa Terrace #314 | Echo Park https://www.957fig.com/home/residences   2 Beds | 2.5 Baths | $1,085,000   957 Fig is nearly sold out, but there’s still time to purchase one of our very best homes, unit #314. Featuring a desirable two-level layout and spectacular views of Dodger Stadium, #314 is an impressive space […]

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Sponsored Content: All Signs Point to an Altadena Midcentury with Resort-Like Yard and Pool

  1815 Alta Crest Dr | Altadena https://tracydo.com/1815-alta-crest-dr-altadena/   4 Beds | 2.5 Baths | $1,689,000   Located in the Altadena Foothills on the top side of a serene cul-de-sac, this secluded midcentury home has magnificent views across the San Gabriel Valley and beyond.    Enjoy a cozy stone fireplace in the living room, original […]

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Sponsored Content: All Signs Point to an Eagle Rock Bungalow with Large Yard & Perfect Home Gym

  4968 Vincent Ave | Eagle Rock https://tracydo.com/4968-vincent-ave-eagle-rock/   2 Beds + Office | 2 Baths | $1,089,000   Live the Eagle Rock dream in this remodeled Cal Bungalow with a large yard. Nestled into a cul-de-sac, the home is just two blocks from Colorado Boulevard where coffee, dining and services are within easy reach.    […]

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This house in Glassell Park sold recently for $1.225 million, a big premium over the seller's asking price.

The two fastest selling homes in NELA in September were priced to sell at just under $1M

By Jeffery Marino

Ever since last May, when the median sale price for a home in Northeast Los Angeles hit the $1 million mark, sellers have been taking the “just under” pricing approach: Put the house on the market for just under $1 million and count on buyer competition to push the price into seven figures. 

This strategy clearly has worked. See how it worked for the sellers of the two houses featured in this report.

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This 2-bed, 1-bath home on Cunard St. in Glassell Park sold recently for $1.07 million, fully 25% more than the asking price.

Faster pace, higher prices for recent NELA home sales

By Jeffery Marino

Another month, another record. In September, the latest data available, the median sale price for a house in NELA continued its steep climb, rising 14% year-over-year, to $1.065 million. September was the eighth straight month of double-digit annual price growth.

Prices are up because inventory is low and falling.. The home sales market dynamically complex. Get the main point here.

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Sponsored Content: All Signs Point to a Contemporary Home with ADU in Atwater Village

3334 Madera Ave | Atwater Village https://tracydo.com/3334-madera-ave-atwater-village/ 5 Beds | 6 Baths | $1,649,000   A remarkable find in prime Atwater Village, this versatile property provides a stunning modern home and newly-constructed ADU. The main residence is a design showcase of clean lines, custom finish-work and light oakwood flooring. Sunlight fills the great room with […]

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Sponsored Content: Amie Brings Five Stylish Homes to Eagle Rock

  2337 Ridgeview Ave | Eagle Rock https://www.amieeaglerock.com/ Up to 3 Bed + Flex | Up to 3 Bath | Priced from $949,000   Amie is a new collection of five homes in Eagle Rock featuring exquisite design by architect Abbie Chong of Avanova Studio. Amie residences are earth-friendly and structurally independent, with no shared walls. Unique […]

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Sponsored Content: All Signs Point to Highland Park

  941 N Ave 49 | Highland Park https://tracydo.com/941-n-ave-49-highland-park/   2 Beds | 2 Baths | $989,000   Open House Saturday and Sunday, October 9th and 10th from 2-4P Broker’s Open Tuesday, October 12th from 11A-1P   In happening Highland Park this charming Spanish is a study in balance, artfully renovated in a serene but […]

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This $1.34 million home in Eagle Rock was under contract in eight days and sold for nearly $250,000 over asking.

The seller’s market in NELA real estate surges on

By Jeffery Marino

The latest home-sales data for Northeast Los Angeles, covering the month of August, give an especially clear picture of the market for residential real estate. 
So what do the data from August 2020 to August 2021 show?

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Sponsored Content: New Luxury Condos with Private Outdoor Space at 957 FIG

  957 N Figueroa Ter | Echo Park https://www.957fig.com/   2 Beds | 2.5 Baths | Priced from $895,000   Have you seen 957 FIG? It’s a new gated community on the eastern edge of Echo Park offering amenities that include secure entry and parking, bike storage, a tranquil courtyard + BBQ area, and a community room with […]

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A rendering of the apartment building in Garvanza approved by City Planning and opposed by local organizations and individuals. | Source: City Planning determination letter

City approves reviled development in Garvanza, local coalition appeals the decision

By Bill Hendrickson

A coalition of organizations and individuals in Highland Park is appealing the city’s approval of a controversial apartment development at N. Avenue 64 near York Boulevard in Highland Park’s historic Garvanza district.

The development, approved by the City Planning Department on September 16, calls for a three-story building measuring nearly 60,000 square feet

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Sponsored Content: All Signs Point to Homes in Eagle Rock & Mt Washington

  2357 Fair Park Ave., Eagle Rock https://tracydo.com/2357-fair-park-ave-eagle-rock/   3 Beds | 2 Baths | $1,149,000   Open House Saturday and Sunday, September 25th and 26th from 2-4P Broker’s Open Tuesday, September 28th from 11A-1P   Abundant charm, showers of sunshine and a large yard make this Spanish home in Eagle Rock a special find. […]

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Sponsored Content: All Sign Point to Homes in Highland Park and Eagle Rock

  6327 Arroyo Glen St | Highland Park https://tracydo.com/6327-arroyo-glen-highland-park/   3 Beds | 2.5 Baths | $1,089,000   This Highland Park roost is the urban retreat you’ve been looking for, well-situated near happening Figueroa Street. The front sitting porch feels like an outdoor room, welcoming you into an updated Cal Bungalow impeccably detailed with custom […]

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This newly constructed home in El Sereno sold recently for $1.025 million, exactly the median sale price in NELA in July. Prices at the median rose at a slower pace in July than in previous months.

NELA home prices *might* be leveling off

By Jeffery Marino

A small, really small, sliver in the most recent data for residential real estate sales in Northeast Los Angeles indicates, perhaps, that the leaps-and-bounds increases in NELA home prices may be slowing down.

Here are the clues:

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Blocks apart in Cypress Park: A nearly million-dollar remodel and an affordable fixer-upper

By Jeffery Marino

With the median sale price in NELA topping out at $1.025 million in July, it’s hard to imagine finding anything one might call “affordable.” Even fixer uppers are going for prices in the mid-six figures.  We looked at Cypress Park for affordablily. Here is what we found.

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Tucked into a cul-de-sac in prime Mt. Washington, this 1979 contemporary resonates with modern sophistication | Photo from Tracy Do

Sponsored Content: All Signs Point to a Mt Washington Cul-de-Sac Home with Views

711 Lark Ct | Mt. Washington https://tracydo.com/711-lark-ct-mt-washington/ 2 Beds + Office | 2 Baths | $1,199,000 Open House Saturday and Sunday, August 21st and 22nd from 2-4P Broker’s Open Tuesday, August 24th and Thursday, August 26th from 11A-1P Tucked into a cul-de-sac in prime Mt. Washington, this 1979 contemporary resonates with modern sophistication. The airy open […]

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Sponsored Content: All Signs Point to an Eagle Rock Spanish & Duplex

  1561 Yosemite Dr | Eagle Rock https://tracydo.com/1561-yosemite-dr-eagle-rock/   2 Beds | 1 Baths | $799,000Open House Saturday and Sunday, August 14th and 15th from 2-4 p.m.   Prime Eagle Rock is the setting for this updated Spanish with a beautiful native garden, the embodiment of SoCal living. The 1925 vintage home is gated from […]

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Sponsored Content: All Signs Point to an Eagle Rock Spanish with Guest House, Pool + Spa

5437 Dahlia Dr | Eagle Rock
2 Beds + Guest House | 3.5 Baths | $1,699,000
In prime Eagle Rock this rare and exquisite Spanish compound features a swimming pool and large detached guest house in a dreamy setting. The property was built in 1926 and feels sheltered from the city, even as dining and amenities are right down the street.  Check out the photo gallery here.

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This chart shows the rapid rise in home prices in Northeast Los Angeles, more than tripling over the last nine years to a median of $1.02 million in June, 2021. / Data source: Redfin

In NELA, the hot housing market just keeps getting hotter

By Jeffery Marino

Another month, another record: In June, the median sale price for a home in NELA hit a new high of $1.02 million — a 19% annual increase over June 2020 and the highest year-over-year price jump since September 2018.

Which is to say, the NELA residential real estate market is showing no signs of slowing down

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A dreamy find in Eagle Rock offering abundant outdoor space, far-reaching views and a wonderful sense of privacy | Photo from Tracy Do

Sponsored Content: All Signs Point to a Ranch-Style Home on a Large Private Lot

4834 Ray Ct | Eagle Rock https://tracydo.com/4834-ray-ct-eagle-rock-3/ 3 Beds | 2 Baths | $1,489,000 Open House Saturday and Sunday, July 24th and 25th from 2-4P This updated Ranch-style home is a dreamy find in Eagle Rock offering abundant outdoor space, far-reaching views and a wonderful sense of privacy. Design notes circa 1947 create a sun-splashed […]

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This 2-bedroom, 1-bathroom house on Arthur Street in Glassell Park sold recently for $1.06 million.

The typical home in NELA now goes for $1 million

By Jeffery Marino

Another month, another record: In June, the median sale price for a home in NELA hit a new high of $1.02 million — a 19% annual increase over June 2020 and the highest year-over-year price jump since September 2018.

Which is to say, the NELA residential real estate market is showing no signs of slowing down What’s going on here?

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An exquisite collection of new luxury condominium residences offering the best of two great neighborhoods

Sponsored Content: 957 FIG, Luxury Condominiums Offering the Best of Echo Park & DTLA

957 N Figueroa Ter | Echo Park / DTLA https://www.957fig.com/ 2 Beds | 2.5 Baths | From the $800,000s | More Eastside home shoppers have a new address to explore at 957 FIG, an exquisite collection of new luxury condominium residences offering the best of two great neighborhoods, Echo Park and Downtown LA. Thoughtfully curated floor plans […]

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The new eldercare facility will span the block from Yosemite Drive to Fair Park Avenue on the east side of Eagle Rock Blvd. | Rendering from Panorama Group

Large eldercare facility to be built in Eagle Rock

By Bill Hendrickson The proposal to build a large eldercare facility in Eagle Rock has gained the approval of the Los Angeles City Planning department. The go-ahead from the city effectively clears the way for construction of the facility, to be located on Eagle Rock Boulevard from Yosemite Drive to Fair Park Avenue. The facility […]

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In NELA real estate, the asking price is just an opening bid

By Jeffery Marino Bidding wars are breaking out all over Northeast Los Angeles.  The sale-to-list ratio for homes in NELA hit a record in April of 107%, which means that, on average, homebuyers paid 7% more than the list price. However, some homes sold at far higher-than-average premiums. Here are the three NELA homes that […]

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Sponsored Content: Mortgage Minute May 2021 with Daniel Arias

SPONSORED CONTENT FROM WE FUND LA MORTGAGE MINUTE VOLUME 11, MAY, 2021 ECONOMIC UPDATE The economy is suddenly heading for a speedy recovery, as millions of Americans head back to work. Jerome Powel, chair of the Federal reserve elaborated on the current state of the market in a recent interview, saying “What we’re seeing now […]

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Building and selling new construction in Highland Park, two at a time

By Jeffery Marino Originally listed in January, this pair of newly built homes, nestled next to each other on the corner of Aldama and Roy in Highland Park, recently closed for $1.56 million and $1.49 million, respectively. According to data available on Redfin.com, the lots were sold together in June of 2016 for a total […]

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Competition among homebuyers is pushing up prices: This 3- bedroom, 2-bathroom house in Highland Park had been on the market for only two weeks in March when it sold for $1.475 million -- a full $325,000 above the asking price.

Home prices in NELA: No peak in sight

By Jeffery Marino
The market dynamics in NELA are clear: Buyers are plentiful. Houses are scarce. Prices are up. Want to know why? We tell you why in this report.

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Work-from-home appeal made these the fastest selling homes in NELA

Home are selling fast in Northeast Los Angeles at prices well above asking. The median days on market in February was 45, which is two days faster than in February 2020, while the sales-to-list ratio, which compares the sale price to the asking price, was 104%. Still, some homes — like the three featured below […]

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This 1920s bungalow, located in Atwater Village near the border with Frogtown, recently sold for $930,000.

The median home price in Northeast Los Angeles nears $1 million

By Jeffery Marino

With prices for homes in Northeast Los Angeles going nowhere but up, it’s hard to believe that hopes were high for a buyer’s market as recently as 2019 and early 2020.

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Rendering of the proposed development at the corner of N. Avenue 64 and Garvanza Street in the Garvanza section of Highland Park | Rendering by SKYA Ventures.

Garvanza development hits a roadblock

By Bill Hendrickson The proposal to build an imposing, three-story apartment building at N. Avenue 64 and Garvanza Street failed to win a crucial approval on Tuesday. The developers of the project, Skya Ventures, were seeking a “Certificate of Compatibility” with the Highland Park-Garvanza Overlay Zone (HPOZ), a set of  guidelines on historic preservation and […]

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The original asking price for this 4-bedroom, 2-bathroom home in Highland Park was nearly $1 million. After 166 days on the market, it sold for $850,000.

Three home sales that prove NELA buyers have not gone mad

Pandemic. Economic uncertainty. Political turmoil. Through it all, the housing market in Northeast Los Angeles continues to break records. Have NELA homebuyers lost their minds? The answer, in a word, is “No.” The main drivers of today’s prices are limited supply and healthy demand, as explained here.  Against that backdrop, the price of a house […]

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6408 Ruby Street, Highland Park | photo from MLS.

History for sale in Highland Park

Historical charm and architectural significance are two of the biggest draws for NELA real estate buyers. Far from the condominium blocks of the Westside and the cookie-cutter sameness of the Valley, buyers are clearly willing to pay a premium for an Eastside 1920s Spanish Colonial or 1950s Craftsman. These two turn-of-the-century architectural gems, which recently […]

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This craftsman in Eagle Rock, listed for sale for $949,000, sold in November for $1.285 million -- after only 33 days on the market. | Photo by The MLS.com

NELA Real Estate: Rising supply meets bottomless demand, boosting prices

By Jeffery Marino
Residential real estate in Northeast Los Angeles is a seller’s market like no other.

In November, the latest month with full sales data, both the number of homes for sale and the number of homes sold increased in NELA. Inventory rose by 7% year-over-year, boosted by a 34% increase in new monthly listings, while sales increased by 8% year-over-year. It was the third month in a row of rising inventory and sales.

And yet, through it all, home prices just kept climbing.

What’s going on? Click to know.

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This little bungalow in Highland Park recently sold for $482,000, significantly less than the Redfin estimate.

Here’s what you can get in NELA for under $600K

The median sale price for a home in Northeast Los Angeles recently hit $920,000, with even small Highland Park bungalows like this one selling for over $800,000. But even amid rising prices, it’s possible — not easy, but possible — to find an affordable home.  The following three homes are all fixer-uppers but none of […]

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Address: 4840 Malta St Neighborhood: Highland Park Sale Price: $1,225,000; Previous Sale Price: $620,000

Three NELA Homes That Were Flipped During the Pandemic

By Jeffery Marino Starting in 2008, in the teeth of the Great Recession, buy-to-sell real estate investment – also known as house flipping – took off in Northeast Los Angeles. Eagle Rock, Highland Park, Glassell Park, Mount Washington and Atwater Village were all transformed by real estate investors snapping up properties at the bottom of […]

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Ramona Sierra (left) and Suzanna Bermudez when they aappeared at a City Planning hearing in May of 2019 to ask to be able to stay in their homes | Photo by Bill Hendrickson

It took a pandemic, but the City of Los Angeles has created more tenant security against eviction and rent increases

By Bill Hendrickson

It took a pandemic, but two Eagle Rock seniors living under threat of eviction for more than a year have gotten a reprieve.

Ramona Sierra, 91, and her 66-year old neighbor, Suzanna Bermudez, have lived in their rent-controlled bungalows at 4542-4544 Eagle Rock Boulevard for 41 years and 10 years, respectively. In December 2018, they learned that the new owner of the bungalows was proceeding with re-development plans that could lead to their eviction. READ MORE

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Bill to Allow Multi-Family Housing in Single Family Areas Is Delayed

Action on Senate Bill 50 (SB 50) — a measure to address the state’s housing crisis by rewriting local zoning codes — was put off until 2020 by the state Senate Appropriations Committee on May 16. The delay undercuts the Senate Housing Committee and the Senate Governance and Finance Committee, which passed the bill in April. The bill would let apartment complexes be built in areas deemed “job rich” or “transit rich” and would permit fourplexes in neighborhoods zoned for single-family homes.

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Ramona Sierra, 90, and Suzanna Bermudez, 65, went to City Hall on Wednesday to ask for help to avoid being evicted from their bungalows in Eagle Rock. Photo by: Bill Hendrickson

Elderly Women Face Displacement, Community Tries to Help, Odds Are Long

Ramona Sierra, 90, and Suzanna Bermudez, 65, are bracing for eviction from their rent-controlled bungalows at 4542-4544 Eagle Rock Boulevard in Eagle Rock. Sierra has lived in her bungalow for 40 years. Bermudez and her husband, who are both disabled, have lived in the bungalow three doors down from Sierra for seven years.
This particular eviction story starts in 2017 when . . . . . . . . .

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Share of Households Ages 25-64 Reporting Difficulty with a $400 Unexpected Expense, by Income | Source: Federal Reserve, Survey of Household Economics and Decisonmaking (2017)

NELA Real Estate in 2019: Don’t Push Me ʼCause I’m Close to the Edge*

A Federal Reserve survey showed that 40% of American families would have trouble handling an unexpected $400 expense. And, that’s not just lower-income families. Read on.

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NELA Real Estate in 2018: High Rents Have Cast Nearly One in Five Californians into Poverty 

California prides itself on being a prosperous state. But California has the highest poverty rate of all the states, 19%, according to a measure by the U.S. Census Bureau that looks at the costs of living in each state and the federal aid available to help cope with those costs. Over all, the census figures, […]

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