Here’s what a million bucks buys you in NELA

By Jeffery Marino

In June, the median sale price for a home in Northeast Los Angeles edged above the $1 million mark, to $1.02 million. 

So, what can you buy in NELA for that kind of money?  We took a look at three NELA homes that sold at or near the new record-breaking median sale price. The homes are not all that far from each other, but in different neighborhoods, which makes a big difference in what buyers get. 

If price-per-square foot is any indication, Eagle Rock remains the most desirable neighborhood in NELA. This 2-bed, 1-bath, 838 square-foot cottage sold for $1,226 per square foot, making it one of the most expensive homes sold in NELA, foot-for-foot, in June.  

Sold for: $1,025,000
Paid over asking: $36,000
Off market in: 36 days
Listed by: Stephen Sabatella of Sabatella & Associates

Selling for almost exactly the same price as the Eagle Rock micropad, this sprawling, 4-bed, 2.5-bath ranch home in Montecito Heights seems to offer a lot more value for the money. At 2,654 square feet and with wrap around views of the Arroyo Seco canyon, it’s hard to believe this home took three times as long to sell and fetched a relatively modest premium over asking. 

Sold for: $1,000,000
Paid over asking: $201,000
Off market in: 9 days
Listed by: Loren Anderson of Compass

Taking the Goldilocks spot in this roundup, this 3-bed, 2-bath, 1,300 square-foot Craftsman in Highland Park was off-market in a heartbeat and sold for a significant premium. Clearly the draw here is the well-preserved, quintessential Craftsman charm. And it doesn’t hurt that it is a short walk from Cafe de Leche.

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Jeffery Marino

Jeffery is a seasoned data journalist and has covered the California real estate market for over a decade.