Sponsored Content: All Signs Point to a Glassell Park Home with Four Bedrooms and a Big Yard

  4111 Scandia Way | Glassell Park https://tracydo.com/4111-scandia-way-glassell-park/   4 Beds | 3.5 Baths | $1,299,000   Four bedrooms and a big yard in trendy Glassell Park.    2,800 square feet of interior space provides the ample layout you’ve been looking for including a work studio with private entrance, and the ability to store lots […]

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Sponsored Content: All Signs Point to an Atwater Village Spanish with Work Studio

  3701 Edenhurst Ave | Atwater Village https://tracydo.com/3701-edenhurst-ave-atwater-village/   2 Beds | 2 Baths | $1,495,000   Atwater Village dreams are realized in this beautifully updated Spanish with a detached work studio. Lush landscaping creates a warm embrace around the Saltillo tile front porch where you’ll sip morning coffee under a pergola.   Step into […]

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Final drawing of the proposed development on Avenue 64 near York Boulevard, as approved by L.A. City Planning.

Garvanza development is a go, despite community opposition

By Bill Hendrickson

A coalition of individuals and organizations in Highland Park has failed in its effort to block the development of a massive apartment building at the entrance to the neighborhood’s historic Garvanza district.

The defeat came on Thursday when the City Planning Commissioners voted 8-0 to reject the coalition’s appeal of an earlier decision by the city to approve the development, to be built near the intersection of York Boulevard and Avenue 64.

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This Eagle Rock home Sold for $1.2 million and was off market in fewer than 30 days.

Prices continue to surge for homes in NELA as buyers outnumber sellers

By Jeffery Marino

In theory, rising interest rates should dampen home prices. But in Northeast Los Angeles, the residential real estate market is surging ahead even as mortgage rates rise.

We tell you why the real estate market is continuing strong in this monthly report by Jeffery Marino.

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The buyer of this $1.16 million home in Glassell Park moved fast and paid a premium: The home was off the market within eight days of being listed and sold for 7% more than the asking price.

High demand and low supply continue to drive NELA home prices skyward

By Jeffery Marino

The latest data for home sales in Northeast Los Angeles show a hot, tight market that just keeps getting hotter and tighter.

The hot, tight conditions fave buyers in a frenzy. What could cool the market in NELA? Click on the photo above to find out.

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Sponsored Content: All Signs Point to a Sophisticated Character Home in Eagle Rock

  5034 Monte Bonito Dr | Eagle Rock https://tracydo.com/5034-monte-bonito-dr-eagle-rock/   2 Beds + Bonus | 1 Bath | $995,000   North of Colorado Boulevard in Eagle Rock, this corner-lot traditional offers style and sophistication in a verdant setting.    Sunshine pours into the living room that features heritage elements including dark oakwood flooring, a barrel vault […]

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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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This Spanish Colonial in Eagle Rock sold in January for $2.45 million, the highest price paid that month for a house in NELA.

Before-and-after pictures of a multi-million-dollar flip in Eagle Rock

The highest price paid in January for a home in Northeast Los Angeles — $2.45 million — was for a 4-bed, 3.5-bath Spanish Colonial on Wawona St. in Eagle Rock.

The home was listed for sale in November 2021 for $1.649 million. It was off the market in just under two weeks — and sold for $801,000 over the asking price.

Check out the rare before-and-after pictures in the slideshow. Click the photo to do that.

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Sponsored Content: All Signs Point to a Midcentury Modern in Mt. Washington Elementary

  3946 San Rafael Ave | Mt Washington https://tracydo.com/3946-san-rafael-ave-mt-washington/   3 Beds | 2 Baths | $1,499,000   Midcentury modern design in prime Mt. Washington. Perched on a serene ridge, the home features iconic period elements including natural wood ceilings, exposed beams, clerestory windows, built-ins and a columnar brick hearth. The open floor plan presents […]

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Sponsored Content: All Signs Point to a Remodeled Glassell Park Bungalow with Private Yard

  2829 Estara Ave | Glassell Park https://tracydo.com/2829-estara-ave-glassell-park/   3 Beds | 2 Baths | $1,025,000   Three bedrooms and wonderful outdoor space make for a sweet urban sanctuary in happening Glassell Park. Built in 1921, this remodeled Cal Bungalow enjoys a deep setback creating privacy, and a light-filled interior of stylish design. Hard surface […]

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Foot-for-foot, this fun-size Mt. Washington bungalow was the most expensive home sold in NELA in December 2021 | Photo MLS

Really big money for really little homes in NELA

By Jeffery Marino

In the real estate market of Northeast Los Angeles, where a price tag of $1.1 million is the norm, you might be surprised to see what a mil actually gets you. 

The following two homes, one in Mt. Washington and one in Highland Park, sold in December for a tad under $1 million but at well over $1,000/square foot. Details here. Read more.

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This 2-bed, 2-bath in Highland Park sold for $1,100,000 in December 2021.

NELA home prices keep surging upward

By Jeffery Marino

The residential real estate market in Northeast Los Angeles boils down to this: On one side, you have a hoard of buyers. On the other side, you have a dearth of homes for sale. The result is more competition for fewer homes – and rapidly rising prices.

The median sale price for a home in NELA reached $1.1 million in December, the latest month with comprehensive data. That million-dollar-plus price tag marks a 20% increase over December of 2021, the largest annual price gain since June 2014. It’s also the 11th straight month of double-digit, year-over-year price increases. For our take on why this continues, read on;

Click photo above for more.

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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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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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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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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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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 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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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 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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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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