Call Us Now

323-274-2148

Email Us

info@tracyking.com
Slider

LA Digs - Northeast LA Real Estate Blog

Welcome to LA Digs, the real estate and Northeast Los Angeles community blog written by Realtors Tracy King and Keely Myres.

Here, we share tips, market updates, and local news bits to keep you informed on what's happening in Northeast Los Angeles and the surrounding neighborhoods. Read on to learn about the latest in your neighborhood!
Ut ac justo metus, at porttitor metus. Proin posuere, lacus non congue commodo, dolor tellus semper justo, eget sollicitudin quam eros sed ipsum. Phasellus nec est sed mauris ultricies porta. Cras ut viverra augue. Nam eget nisl tellus. Morbi quis lacus purus, a ornare quam.

Midcentury Traditional at 1245 Hill Drive

Midcentury Traditional at 1245 Hill Drive

Back when Hill Drive was considered the Bel Air of Eagle Rock, this midcentury traditional ranch was built to take advantage of western views and the marine breeze that gently blows through the neighborhood most afternoons.

Perched up from the street, once you ascend the 32 steps to the front door, you will find an easy one-story floorplan that flows through to a large, flat backyard.

Continue reading
  1187 Hits
1187 Hits

Spacious Traditional Home at 1359 Hill Drive

Spacious Traditional Home at 1359 Hill Drive

Live the American Dream, Eagle Rock-style, in this 1937-built home located on the most sought-after street in town.

The spacious living room features a marble-faced fireplace, hardwood floors, and lovely neighborhood views. The formal dining room overlooks a den, perfect for family gatherings. The kitchen has ample room for cooking and storage, with access to the back patio. The bedrooms are spacious, with the master suite separate from the other two. 

Continue reading
  1134 Hits
1134 Hits

Giving Back

Selling residential real estate is more than a simple monetary transaction. We are  selling a dream, a hope, a promise of a certain lifestyle. It’s not just a house, it’s a home in a neighborhood, a home in a community. We believe that one way to improve our community is to give back to it, to support organizations that work to make it better. 

Continue reading
  1190 Hits
1190 Hits

Breaking Loan News! Reduction in FHA Loan Limits

On Friday HUD (the Department of Housing and Urban Development) announced that it would implementing new FHA single-family loan limits on January 1, 2014.

The new national-ceiling loan limit for the very highest cost areas (including our local market) will be reduced from $729,750 to $625,500.

While this will only effect 1% of overall FHA production it may have a significant impact on our middle priced areas in California.

Continue reading
  1233 Hits
1233 Hits

Mid-Century Traditional at 1519 Glen Aylsa Avenue

Mid-Century Traditional at 1519 Glen Aylsa Avenue

Tucked away on a little-travelled street in a quiet part of Eagle Rock, this charming home presents you with the opportunity to live the good life now.

The spacious living room is highlighted by a Palos Verdes stone fireplace, large bay windows that open onto the oak tree-filled front yard, and plenty of room for family and friends to gather. The formal dining room is the center of the house. 

Continue reading
  1152 Hits
1152 Hits

Craftsman with Good Bones at 5235 Mount Royal

Craftsman with Good Bones at 5235 Mount Royal

First time on the market in almost 60 years! This is an incredible opportunity to live in one of the best neighborhoods in Eagle Rock, on one of the best blocks on one of the best streets.

This 1922 Craftsman has good bones to start with.  The living room/dining room extends the width of the house and has the original hardwood floors. The large kitchen has two spacious pantries, plenty of cabinet and counter space, and room for a breakfast nook. 

Continue reading
  1024 Hits
1024 Hits

Market Update for Eagle Rock, 90041, YTD 2013

The first nine months of 2013 provides some interesting real estate data to consider. We saw the number of homes on the market drop to its lowest point in my 24-year career by the end of the first quarter. The second quarter experienced an almost vertical climb in sales prices. Then the mortgage interest rates bumped up, inventory bumped up, and prices leveled out, with the average sales price staying at about $592,000 for the entire third quarter. Even with the leveling out, the average sales price increased by almost 25% from January to the end of September.

Continue reading
  1084 Hits
1084 Hits

Open Houses for Thursday, October 31

It's Brokers' Caravan day in the real estate world, which is our chance to check out the houses that are new to the market.  This is a great opportunity for YOU to check out some houses as well! Here is what's on the list today:

Continue reading
  1293 Hits
1293 Hits

New Construction in Northeast LA

There has been quite the surge in new construction hitting the Northeast Los Angeles real estate market lately.

First we saw a development of four homes by 4site Real Estate, designed by Holz Architecture, located in the hills of Glassell Park at 4239-4243 Scandia Way.  Featuring panoramic views, vaulted ceilings, and walls of glass, these modern homes started at $889,000 and went up to $959,000.  Three have sold and the fourth is currently in escrow.

Continue reading
  1335 Hits
1335 Hits

Vine-Covered Artist's Retreat at 5054 Irvington Place

Vine-Covered Artist's Retreat at 5054 Irvington Place

Completely surrounded by vine-covered fences and garden walls, you will love to come home to this sweet Highland Park home that has updates, privacy, and oodles of charm!  

The kitchen has been updated with butcher block counters and white cabinets for a fresh look, and is open to the living room with a breakfast bar. Adjacent is a light-filled formal dining room. The main floor has 2 bedrooms and 1 bath. There is also a full basement that includes the laundry, a separate room great for storage or a wine cellar, and a huge space for your workshop, rec room, or studio. 

Continue reading
  1080 Hits
1080 Hits

Brick-faced Craftsman Cottage at 275 S Grand Oaks Avenue

Brick-faced Craftsman Cottage at 275 S Grand Oaks Avenue

The views of greenery from all the windows, that the garden changes with the seasons almost without help and brings new surprises all year long, the beautiful birds and insects attracted to the flowers and fountain--these are a few of the seller's favorite things about this classic Pasadena home for sale.  Originally owned by a mason, the outer facade of this charming 1927 Craftsman cottage is brick, which makes for an interesting exterior. Inside, the original character has been preserved yet updated with taste. The fireplace works as beautifully as it looks, the built-in bookcases on either side add both storage and style. 

Continue reading
  1161 Hits
1161 Hits

Pool-side English Remodel at 4258 Brunswick

Pool-side English Remodel at 4258 Brunswick

Get ready for the pool party at this tailored English-style re-do on a block of lovely homes in the popular Atwater neighborhood of LA.  Let's take a look at this new home for sale:

Light fills the spacious living room, highlighting its high ceiling, crown molding and stunning fireplace. The kitchen has been remodeled to include marble counters, stainless steel appliances, engineered hardwood floors, and new cabinets. There is a formal dining room, plus a more casual eating space in the family room. The remodeled baths feature with marble tiles, a fabulous claw-foot tub large enough for two, new fixtures, and marble counters. 

Continue reading
  1184 Hits
1184 Hits

1963 Midcentury Ranch at 612 Cheviotdale Street

1963 Midcentury Ranch at 612 Cheviotdale Street

Let's take a look at this 1963 midcentury ranch home for sale in Highland Park.

b2ap3_thumbnail_Cheviotdale-612-lr-1sm.jpg

From the dramatic Palo Verde stone fireplace wall to the Zen garden, this 1963 ranch offers style, views, an easy-going floorplan and many of the modern details buyers seek today.

b2ap3_thumbnail_Cheviotdale-612-kit-1sm.jpg

b2ap3_thumbnail_Cheviotdale-612-den-1sm.jpg

 

A previous owner converted the back porch into a relaxing den with views of the garden and covered patio.

b2ap3_thumbnail_Cheviotdale-612-rear-3sm.jpg

b2ap3_thumbnail_Cheviotdale-612-rear-5sm.jpg

There is a separate master suite, and the other two bedrooms have cork flooring.

b2ap3_thumbnail_Cheviotdale-612-mbr-1sm.jpg

b2ap3_thumbnail_Cheviotdale-612-br-1a-sm.jpg

System upgrades include central air and heat, copper plumbing, newer windows throughout, and seismic retrofit to the foundation.

b2ap3_thumbnail_Cheviotdale-612-hall-1sm.jpg

Located on a culdesac in the Historic Garvanza district, it's an easy distance to the shops and cafes on York, the Gold Line, Pasadena's Old Town, and much more.

Listed for $599,000
3 bedrooms, 2 baths
1,438 sq. ft. on a 6,292 sq. ft. lot
Built in 1963

For more photos and details, including open house information, visit 612 Cheviotdale on our website.

Continue reading
  1301 Hits
1301 Hits

What's Going On in Real Estate?

Let's dive in to how the Northeast Los Angeles real estate market is looking these days:

Increased Interest Rates
Interest rates moved up over the summer and have settled into about 1-1.5% over what they were in the earlier part of 2013. FHA loans have become more expensive as fees for their Mortgage Insurance Premium has risen to balance the number of defaulting loans they are meant to insure, plus the MIP now stays in place for the life of the loan. Why would anyone choose an FHA loan today? Because they will lend to someone with a lower credit score than any conventional lender will. More loan products have come into the marketplace including low or no-documentation loans, but you will pay a premium for them. Again, as interest rates average 4.5 to 5% today, it is still a long way from the 13.4% of 30 years ago!

Inventory
The number of single family homes for sale in Northeast Los Angeles has settled back a little from the increase of the summer in Eagle Rock and moved up in the rest of Northeast. Eagle Rock averages in the low 20s, Highland Park surged up into the 50s, while Glassell Park (including Mt. Washington) is around 70. As more has come onto the market, more have opened and closed escrow as well. The market has been very active even though it seemed that most of Los Angeles went on vacation in August.

Average Sales Price
The average price for sold homes has continued to move up in spite of the rise in interest rates. In Eagle Rock, the market is strong with an increase of 5.3% in August compared to July, and 17 % over August of 2012. In 90042 (Highland Park area) zip code, a similar increase occurred. In 90065, prices levelled off slightly, though the year over year price increased by 28%!

What Does This Mean For You?
It is still the best time to sell your home that we’ve seen in the last several years. Since the inventory is more than was available in the spring, buyers are very concerned about value. There doesn’t appear to be any speculation or indication that prices will surge up soon. Therefore, buyers fear that they could overpay for a home now. A well-priced home in great condition generally sells quickly, but if there is any question about the location or amenities (yard, updates, schools), there is much more resistance to paying top dollar.

Call us today to discuss your real estate needs.

Continue reading
  1165 Hits
1165 Hits

Modern Contemporary with Views at 921 Poppy Street

Modern Contemporary with Views at 921 Poppy Street

If living in style is your dream--run, don't walk, to this hip, fun, elegant contemporary Highland Park home, completed in 2005.

b2ap3_thumbnail_Poppy-921-front-2sm.jpg

 

Located in a little-known pocket bordering Eagle Rock in the hills of eastern Highland Park, the views from each floor plus the roof-top deck and upper patio are awesome every day, and incredible on July 4.

b2ap3_thumbnail_Poppy-921-roof-deck-sm.jpg

 

The open kitchen and living area is airy and bright with high ceilings and walls of glass.

b2ap3_thumbnail_Poppy-921-lr-2sm.jpg

b2ap3_thumbnail_Poppy-921-lr-1sm.jpg

 

The patio off the living area is perfect for entertaining with built-in barbecue, fire pit, and 15-foot water fall.

b2ap3_thumbnail_Poppy-921-kit-3sm.jpg

b2ap3_thumbnail_Poppy-921-kit-3sm.jpg

b2ap3_thumbnail_Poppy-921-front-3sm.jpg

 

The master suite features stunning eastern views, two closets, and a bath with dual sinks, separate shower and spa tub.

b2ap3_thumbnail_Poppy-921-mbr-sm.jpg

b2ap3_thumbnail_Poppy-921-mba-1sm.jpg

 

The other two bedrooms are spacious with ample closet space and sliding glass doors to the rear patio.

b2ap3_thumbnail_Poppy-921-br-2sm.jpg

b2ap3_thumbnail_Poppy-921-rear-3sm.jpg

 

At the top of the property is a large yard area ready for lawn or garden, maybe a pool!

b2ap3_thumbnail_Poppy-921-rear-1sm.jpg

b2ap3_thumbnail_Poppy-921-rear-7sm.jpg

 

Wired for security and sound, you can even control your security cameras, climate, and sound system with your smart phone. 

Listed for $799,000
3 bedrooms, 3 baths
2,088 sq. ft. on an 8,433 sq. ft. lot
Built in 2005

For more photos, details, and open house information, visit 921 Poppy on our website.

Continue reading
  1196 Hits
1196 Hits

Straight Talk on Current Interest Rates

When looking for a lender to work with in the buying process, buyers tend to focus on who can give them the lowest rates. This isn't necessarily the best way to choose your lender. Here is straight talk from a lender regarding current interest rates:
 
During a fixed escrow period of 30 days, a lender really only has about 10-15 days in which to "lock" an interest rate.  Therefore, small variations of 0.125% from lender to lender aside, the rate is basically going to be what it's going to be. 

Buyers should understand that the rate they are going to get is actually more a function of the date they go into escrow and not really the lender they chose.  From lender to lender, the rates are going to be pretty comparable.

Don't believe everything you read on line - bankrate.com, Google "rates" and most online searches for interest rates are driven by one thing... ADVERTISEMENTS.  These sites are notorious for bait and switch tactics and/or profiling the best possible scenario for which 90% of our clients don't qualify.  Not sure what your personal experience has been with online advertisements, but if I bought stuff based on internet ads, I would have six-pack abs with no work required, a million dollar check coming to me weekly from Nigeria and would look like Brad Pitt.  Needless to say, none of these have come true yet... I've tried :-) 

Best way for novices to track rates - I pay thousands of dollars a year to get updates from Mortgage Market Guide, Barry Habib and Mortgage Toolbox type websites.  Generally, these companies give great guidance on when to lock.  I read technical reports and track rates across several different lenders on a weekly basis.  That being said, the first thing I do every day when I wake-up is check the 10-year treasury.  Simply go to www.Money.com and look at the 10-year treasury-yield on the upper right hand corner.  If that number is green (going up), then we are generally in a rising interest rate environment.  If that number is red (going down), then we are generally in a declining interest rate environment.  A bank's margin for profit is usually 1.75% - 2.25% above this number.  As of today the 10-year yield is at 2.88.  Adding the bank's margin gives us a rate range between 4.63% to 5.13% - which is fairly accurate.  This is oversimplifying a very technical process... but it's a good starting point.  

What does Page 1, Section 3-C-1 REALLY mean - On page 1 of the purchase contract you will find the verbiage "Loan will be a fixed (or adjustable) mortgage and the rate shall not exceed ___".  This clause is here to protect the buyer and should be reviewed by listing agents.  As of today I would put 5% on this line.  The buyer needs to know they can cancel if rates jump unexpectedly and they are suddenly in a spot where they cannot afford the mortgage.  The seller needs to know that this rate is not unreasonably low, and this gives the buyer a way to back out of the transaction should the buyer not qualify for the most attractive rates.  This section has gone widely overlooked for the last 10 years as we have been in a declining interest rate environment.  In an increasing rate environment, special attention needs to be given to this section for the foreseeable future.

 
Tracy's thoughts:
I have found that different lenders offer different programs, different staff, and different ways of working that truly can make a big difference in qualifying for and completing a loan. That's why I only recommend a few lenders of the many I have worked with over the years.
 

With all the credit for the credit talk going to Scott Groves at Groves Lending Team, This email address is being protected from spambots. You need JavaScript enabled to view it.

Continue reading
  1526 Hits
1526 Hits

Contemporary Mediterranean with Views at 2451 Norwalk Avenue

Contemporary Mediterranean with Views at 2451 Norwalk Avenue

Margaritas on the terrace served with guacamole made from your own avocado tree's fruit, tricycle races in the back patio, fresh tomatoes and peppers ripening in the garden beds--all point to the good life at 2451 Norwalk, a contemporary Mediterranean Eagle Rock home for sale.

b2ap3_thumbnail_Norwalk-2451-lr-4sm.jpg

 

This spacious 1991-built home offers a wonderful floorplan that can fit many lifestyles.

b2ap3_thumbnail_Norwalk-2451-lr-1sm.jpg

 

There is an open plan with cathedral ceilings, living room, family room, and dining room.

b2ap3_thumbnail_Norwalk-2451-dr-sm.jpg

One bedroom is on the ground floor with its own bath, and there are three bedrooms upstairs.

b2ap3_thumbnail_Norwalk-2451-br-1a-sm.jpg

 

The Grand suite has a large walk-in closet and a recently updated spa-style bathroom that has one of the best views in the house--fully 180 degrees, plus a unique Victoria + Albert freestanding soaking tub, heated floor tiles, a separate shower with no-fog shaving mirror, dual vanity with Carrera marble counters, and separate toilet enclosure.

b2ap3_thumbnail_Norwalk-2451-mbr-1sm.jpg

b2ap3_thumbnail_Norwalk-2451-mba-1sm.jpg

The kitchen is huge and open with a large central island, expanses of counter space, and panoramic views. Appliance buffs will appreciate Delta touch faucets, a 6-burner Viking cooktop, Fisher-Paykel dual dishwasher drawers, a Kitchen-aid refrigerator, and a trash compactor. Other features include a separate utility sink, built-in oven and broiler, and a spacious breakfast area that opens out onto the terrace.

b2ap3_thumbnail_Norwalk-2451-kit-1sm.jpg

b2ap3_thumbnail_Norwalk-2451-kit-4sm.jpg

Located in the Blue-Ribbon Distinguished Eagle Rock Elementary School and Magnet Center area, close to eateries like Mia Sushi and Auntie Em's, and to the cultural and sports opportunities at Occidental College, this is a wonderful place to call home.

b2ap3_thumbnail_Norwalk-2451-front-2sm.jpg

Listed for $849,000
4 bedrooms, 3.5 baths
3,781 sq. ft. on an 8,421 sq ft. lot
Built in 1991

For more photos, details and open house information, visit 2451 Norwalk on our website.

Continue reading
  1134 Hits
1134 Hits

Spacious Remodeled Traditional at 3946 York Boulevard

Spacious Remodeled Traditional at 3946 York Boulevard

Come home to this 1940 traditional home for sale in Glassell Park, with 2013 updates and style.  With over 2200 square feet per assessor, this one-level home offers a great floor plan for California living.

b2ap3_thumbnail_York-3946-dr-2sm.jpg

 

From both the living room and the master bedroom, there are French doors which open onto a huge partially covered patio for your al fresco dining pleasure, or to enjoy a party for all your friends and even their friends.

b2ap3_thumbnail_York-3946-lr-1sm.jpg

 

The master suite has a wall of closets and a spacious bath with dual sink vanity.

b2ap3_thumbnail_York-3946-mbr-2sm.jpg

 

The kitchen has marble counters, stainless steel appliances and another entrance to the patio.

b2ap3_thumbnail_York-3946-kit-1sm.jpg

 

The huge family room has a separate entrance off Avenue 40, an adjacent powder room, and enough wall space to hold more than one media screen.

b2ap3_thumbnail_York-3946-fr-3sm.jpg

 

Behind the garage are two storage rooms perfect for office and exercise.

b2ap3_thumbnail_York-3946-bonus-2sm.jpg

 

Located on the corner of West Avenue 40, you have the ease of parking on a quiet street or in the 3-car garage on York Blvd.

b2ap3_thumbnail_York-3946-garages-sm.jpg

Located in the popular Delevan Elementary and Eagle Rock Jr./Sr. High School area.

Listed for $599,000
3 bedrooms, 2.5 baths
2,252 sq. ft. on a 6,483 sq. ft. lot
Built in 1940

For more photos, details, and open house information, visit 3946 York on our website.

Continue reading
  1108 Hits
1108 Hits

Pool-side Traditional at 2027 Ridgeview Avenue

Pool-side Traditional at 2027 Ridgeview Avenue

Here is a 1924 traditional style Eagle Rock home that is a spacious 4 bedrooms, 3 baths with a pool and beautiful views to the west.

Located close to Occidental College off the upper end of Campus Road, you are near many amenities here from the hip York Blvd scene of art galleries, eateries, and shops to the hiking trails, library, cafeteria and athletic department of Oxy.

b2ap3_thumbnail_Ridgeview-2027-lr-1sm.jpg

Beautiful hardwood floors cover most of the house. The living, dining, and family rooms are ample for large gatherings.  

b2ap3_thumbnail_Ridgeview-2027-dr-2sm_20130813-171527_1.jpg

Flow past the covered patio to the backyard with its pool, spa, and sports court.

b2ap3_thumbnail_Ridgeview-2027-rear-1sm.jpg

There are 4 bedrooms and 2 bathrooms upstairs including the master with its own bath and sunroom.

b2ap3_thumbnail_Ridgeview-2027-mbr-sm.jpg

Let your Pinterest collection become a reality when you put your own touches on the huge eat-in kitchen with center island and family room with fireplace.

b2ap3_thumbnail_Ridgeview-2027-kit-1sm.jpg

 

Well-maintained and loved by the current owners for 25 years, it's time now for a new family to make happy memories here.

Listed for $799,000
4 bedrooms, 3 baths
2,885 sq. ft. on a 8,776 sq. ft. 
Built in 1924

For more photos, details, and open house information, visit 2027 Ridgeview on our website.

Continue reading
  1050 Hits
1050 Hits

Cul-de-Sac Traditional at 4709 Olson Street

Cul-de-Sac Traditional at 4709 Olson Street

This cozy Eagle Rock home is now available for viewing.  Remodeled and expanded in 2004, there are 3 bedrooms and 2 full baths.

b2ap3_thumbnail_Olson-4709-mbr-3sm.jpg

Plus a formal dining room and a cozy living room with fireplace.  

b2ap3_thumbnail_Olson-4709-dr-1sm.jpg

b2ap3_thumbnail_Olson-4709-lr-2sm.jpg

There is a crisp kitchen with bay window, white cabinets, and just enough room for a small table and chairs.

b2ap3_thumbnail_Olson-4709-kit-1sm.jpg

Freshly painted exterior and much of the interior, buffed and polished, this home shows what move-in ready means.

b2ap3_thumbnail_Olson-4709-patio-1sm.jpg

Taking Park-like grounds to a new level, this charming 1938 traditional has views of Yosemite Park but also has its own forested backyard that is cool and private.

b2ap3_thumbnail_Olson-4709-rear-5sm.jpg

Listed for $589,000
3 bedrooms, 2 baths
1,177 sq. ft. on a 7,630 sq. ft. lot
Built in 1938

For more photos, a floor plan, and open house information, visit 4709 Olson on our website.

Continue reading
  1046 Hits
1046 Hits