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Highland Park CA - LA Digs - Northeast LA Real Estate Blog

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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!

Just Sold in Highland Park: 217 Newland Street

217 Newland Street, Highland Park

When we brought 217 Newland Street on the Highland Park real estate market a month ago, it was the cheapest home for sale in all of Highland Park at a price of $299,000. It was also move-in ready, having just been flipped by an investor, and had a new kitchen and bath, central air and heat, new flooring and paint, and fresh landscaping. This caused a lot of excitement with home buyers and we quickly received offers, ending up with 13 total. We closed escrow yesterday with a final sales price of $365,000.

If you would like to know what your home is worth in today's real estate market, give us a call at 626.827.9795 or send us an email!

Property Details:
Listed for $299,000
Sold for $365,000
2 bedrooms, 1 bath
852 sq. ft. on a 2,574 sq. ft. lot
Built in 1895

Living Room

Living Room

Dining Room

Dining Room

Kitchen

Kitchen

Bedroom

Bedroom

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Just Sold in Highland Park: 1503 Nolden Street

1503 Nolden Street, Highland Park

Now that we have officially closed escrow on this Highland Park home and are in no fear of jinxing anything, I can say - this was one of the smoothest home sales we've had in awhile. We had the magic combination of wonderful sellers, excited buyers, and professional buyers' agents to work with, such a joy! We launched 1503 Nolden Street on to the market in December, right in the midst of the holiday season. Even so, we received multiple offers and started the new year off with a new escrow. We negotiated a final sales price of $637,000 for this three bedroom, three bath home in like-new condition.

Property Details:
Listed for $599,000
Sold for $637,000
3 bedrooms, 3 baths
1,920 sq. ft. on a 7,772 sq. ft. lot
Built in 2005

Living Room

Living Room

Dining Room

Dining Room

Kitchen

Kitchen

Deck with View

Deck with View

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Local Event! Building Occidental: The Road to Eagle Rock

5245 La Roda Avenue

We brought 5245 La Roda on the market in August and quickly received multiple offers. Unfortunately, the buyers with the winning bid decided not to move forward, so we brought it back on the market - and received multiple offers AGAIN. Today's real estate market is very interesting, and we are seeing these situations over and over. There just are not enough homes for sale to satisfy all the buyers looking! 5245 La Roda is located in a very desirable Eagle Rock neighborhood, and has many original features, including a Batchelder-style fireplace, refinished hardwood floors, many original windows, formal dining room, and a full bath complete with hexagonal tile, pedestal sink, and built-in vanity. Congratulations to the new homeowners, and welcome to the neighborhood!

Property Details:
Listed for $599,000
Sold for $621,000
3 bedrooms, 2 baths
1,732 sq. ft. on a 8,180 sq. ft. lot
Built in 1922

5245 La Roda Living Room

5245 La Roda Dining Room

5245 La Roda Kitchen

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New Home For Sale: 6142 Buena Vista Terrace

Tracy King | Teles Properties | (626) 827-9795
6142 Buena Vista Ter, Highland Park, CA
Secluded cottage nestled in the hills of Highland Park - move-in ready!
2BR/1BA Single Family House
offered at $379,000
Year Built 1909
Sq Footage 794
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors 1
Parking 1 Uncovered spaces
Lot Size 8,265 sqft
HOA/Maint $0 per month
DESCRIPTION

Secluded cottage is nestled up from the street on a lovely terraced upslope lot. Updated with central air and heat, Anderson windows, a retrofitted foundation, tankless water heater, hardwood floors, updated kitchen, bath, electrical panel, lawn sprinkler system and lots of landscaping, you can move right in and start living your dreams. Enjoy treetop views from the house and at the top of the backyard you can lounge on your patio and see the mountains! There are lots of gardening opportunities--or leave it as is. Located in easy commuting distance to Eagle Rock, Pasadena, and downtown Los Angeles, it's easy to get around but so much fun to stay home! Be green as well, there is an electric conduit run to the parking pad for your electric car, and a water collection barrel that collects rainwater runoff from your roof.
see additional photos below
PROPERTY FEATURES

- Dining room - Living room - Stainless steel appliances
- Balcony, Deck, or Patio - Lawn - Yard
- Central A/C - Central heat - Off-street parking
- Hardwood floor
OTHER SPECIAL FEATURES

- Updated cottage in a convenient Highland Park location
- Secluded away from the street on a terraced lot
- Move-in ready!
- Outdoor space features patios with views
ADDITIONAL PHOTOS

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Contact info:
Tracy King
Teles Properties
DRE Lic#01048877
(626) 827-9795
For sale by agent/broker
Created at Postlets
Posted: Oct 13, 2012, 3:53pm PDT

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Just Sold in Highland Park: 1727 Upperton Avenue

1727 Upperton Avenue

We didn't even get to have an open house at 1727 Upperton Avenue, it sold so quickly!  With one very strong offer, our sellers were ready to make a move.  And it's no surprise the buyers wanted to jump on this one, located in the hills of Highland Park with treetop views and a backyard that begs for an urban gardener, this 1978 built home offers easy living and a charmingly obscure address.  The house has an easy-living floor plan with 3 bedrooms and 2 bathrooms upstairs, downstairs a powder room, living, dining and kitchen areas with a view of the back through sliding glass doors.  Congratulations to the new homeowners!

Property Details:
Listed for $469,000
Sold for $480,000
3 bedrooms, 3 baths
1,530 sq. ft. on a 6,001 sq. ft. lot
Built in 1978

1727  Upperton Living

1727 Upperton Dining/Kitchen

1727 Upperton Kitchen

1727 Upperton Deck

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New Home For Sale: 1727 Upperton Avenue, Highland Park

Tracy King | Teles Properties | (626) 827-9795
1727 Upperton Ave, Highland Park, CA
Highland Park hills hideaway!
3BR/2+1BA Single Family House
offered at $469,000
Year Built 1978
Sq Footage 1,530
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors 2
Parking 2 Car garage
Lot Size 5,998 sqft
HOA/Maint $0 per month
DESCRIPTION

In the hills of Highland Park with treetop views and a backyard that begs for an urban gardener, this 1978 built home offers easy living and a charmingly obscure address. Upperton is north of York up Avenue 56 to Raber, yet it's close to Eagle Rock, Old Town Pasadena, and of course the Fusion Burger and Maximiliano section of up-and-coming York Blvd. The house has an easy-living floor plan with 3 bedrooms and 2 bathrooms upstairs, downstairs a powder room, living, dining and kitchen areas with a view of the back through sliding glass doors. Feel safe and secure coming home late at night with the direct access from the garage to the house. Lots of storage throughout with closets everywhere, including a spacious master bedroom walk-in. And the master has its own balcony for a private outdoor view as well as its own bath. You will stay cool with the new HVAC system, or enjoy the cool breeze that arrives every evening--cocktails on the deck, anyone?
see additional photos below
PROPERTY FEATURES

- Living room - Master bath - Storage space
- Walk-in closet - Balcony, Deck, or Patio - Central A/C
- Central heat - Garage - Attached - Fireplace
OTHER SPECIAL FEATURES

- Private location in the hills of Highland Park
- Easy-living floor plan
- Expansive deck off living area
- Attached two-car garage
- Master suite with balcony
ADDITIONAL PHOTOS

1727 Upperton
Living room
Living room
Living room
Dining area
Kitchen/dining
Kitchen
Entry/stairs
Bedroom 1
Bedroom 2
Hall bath
Master bedroom
Master bath
Powder room
Rear deck
Rear deck
Rear deck
Contact info:
Tracy King
Teles Properties
DRE Lic#01048877
(626) 827-9795
For sale by agent/broker
Created at Postlets
Posted: Sep 5, 2012, 1:13pm PDT

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Just Sold! 5318 Raber Street, Highland Park

5318 Raber Street, Highland Park

We just closed escrow on this short sale in the hills of Highland Park.  Perched on a hill in Highland Park, 5318 Raber Street has the privacy, views and potential to make a fantastic hideaway in the city.

We brought this sweet 1926-cottage on the market in March, and after receiving multiple offers, put it right into escrow.  It took four months to navigate the short sale process.  We received short sale approval in July and were able to complete the escrow process with a final sales price of $290,000.  We look forward to seeing how the new homeowners transform this house!

If you would like more information on short sales and how they work, email us or give us a call.

5318 Raber Deck
5318 Raber Kitchen
5318 Raber Living Area
5318 Raber Yard
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Just Sold in Highland Park: 4928 Stratford Road

4928 Stratford Road

4928 Stratford Road is a beautifully restored 1910 Craftsman Bungalow that seamlessly combines vintage charm with modern living. It's character, many upgrades, and prime Highland Park location attracted a lot of attention when we brought it on the market and we received multiple offers.  We closed escrow today with a final sales price of $517,000. Congratulations to the new home owners!

Property Details:
Listed for $449,000
Sold for $517,000 with multiple offers
3 bedrooms, 1 bath
1,092 sq. ft. on a 5,199 sq. ft. lot
Built in 1910

4928 Stratford Living Room
4928 Stratford Dining Area
4928 Stratford Kitchen
4928 Stratford Master

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1757 Hits

Pretty Costs More

The adage "Pretty Costs More" applies to a number of subjects, but especially to the current real estate market.

Buyers in today’s market are being bombarded on all sides with confusing stories about what a home might be worth, whether it’s a good time to buy, what to look for in a home, and especially whether the market is going up or down from here. What to do?

Many buyers go for looks. Just like a pretty girl gets more attention at the high school dance than the brainiac, a house that looks like it stepped out of Dwell or House Beautiful gets more attention and subsequently more money than the house with good bones, solid construction, but tired or out-of-date bathrooms and kitchen.

One example of the pretty theory: a 3-bedroom, 2-bath house in Highland Park recently came on the market for $379,000. It was a trust sale and the house needed a lot of work.  So the agent had inspections done, had the sellers clean, paint, and stage it, and hoped to get a few offers and a bit more than the asking price. Perhaps you saw it on the front page of the Los Angeles Times.  This property captured the attention of the media because it was cute and charming -- and at a great price. The paint and staging brought out the unique character of the home and buyers came running.  Seventy-three (yes, 73!) offers later, the property ended up selling for $542,000.  And that was even after the agent provided to all prospective buyers disclosures and inspection reports that showed the house needed lots of work, including foundation, electrical, plumbing.  Basically all the expensive, not fun items that make for a smooth-running, low-maintenance home.

Here’s another example: a cute little 2-bedroom, 1-bath cottage in Eagle Rock was listed for $419,000. At the time (the start of the spring buying season), it seemed like a reasonable price for a small house in a good but not the best part of Eagle Rock. Seventeen offers later, the house sold for $505,000 cash. This was an investor flip and all the investor did was polish it up a little -- new kitchen counters and a dishwasher, refinished the hardwood floors, painted and landscaped. The inspections showed that the chimney was completely unusable, the HVAC was at the end of its life, and the sewer line was invaded by roots to the extent that the camera couldn’t get through the whole line. No matter, the buyers were happy that they were able to buy the charming home.

The perfect example of how pretty is worth more is 2035 Ridgeview Avenue, which was perfectly updated and exquisite, but only 1353 square feet. We came on the market at $649,000, which was what the sellers had paid for it in 2006 before putting about $200,000 into in, and we ultimately sold it for $760,000, the highest price per square foot for a home sale in Eagle Rock since 2007.

The final example is where all the factors came together at the perfect time: a good 1920s house on a large lot with views, a wonderful private setting, a tastefully updated floor plan, and a seller who did everything the stager dictated. We priced it at $699,000 because that was a number the seller could live with, and at our first open house we were asked by some people why it was priced so high. There were no comparables for a house that size in that location, but the house had such emotional appeal that we ended up with 23 offers and the property ultimately sold for $865,000.

On the other hand, there are a couple of good solid homes in good locations that are currently sitting on the market. We priced them $80,000 to $100,000 less than the prettiest listings, and we have no offers. These are properties that a buyer could put their own designer touches to and have great properties for less money, but buyers obviously don’t see it that way. Why?

Buyers have no imagination. If it isn’t gorgeous already, they don’t see the potential. Sorry, buyers, this sounds harsh, but I have seen it time after time.

In today’s market, the pretty houses that are well-priced are going for more in multiple offers. If you are a buyer, tired of losing out in the intense competition, what can you do?

  • Find some more money and offer more on the next one.

  • Look for properties that have several good features, see if the ones you don’t like are ones that you could improve yourself, and make an offer.

  • Give up and stay where you are.


Another option that I have seen many people try is to keep looking, thinking they will surely find that needle in a haystack, that great house that nobody else has seen that is in a great neighborhood, has a great price, and is really charming and pretty besides. If this is the option you are pursuing, maybe you should ask yourself if you really want to buy a home right now, or do you just think you do.  This is the subject of another article that is coming up soon, so stay tuned.
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New Home For Sale: 4928 Stratford Road, Highland Park

Tracy King & Keely Myres | Teles Properties | (626) 827-9795
4928 Stratford Rd, Highland Park, CA
New home for sale north of York Blvd - open house on Tuesday and Thursday, 6/19 & 6/21, 10-2pm.
3BR/1BA Single Family House
offered at $449,000
Year Built 1910
Sq Footage 1,092
Bedrooms 3
Bathrooms 1 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 5,199 sqft
HOA/Maint $0 per month
DESCRIPTION

This beautifully restored 1910 Craftsman Bungalow seamlessly combines vintage charm with modern living. With three bedrooms and one bath, this move-in ready home features character details throughout starting with a bougainvillea-covered arbor, an inviting front porch, and a classic Craftsman style. Inside, you'll find bay windows, built-in bookshelves, engineered Brazilian walnut floors, a fireplace in the living room, updated kitchen and bath, finished attic/loft space, and separate laundry room. Modern upgrades include central air and heat, updated electrical system, copper plumbing, water purification system, and more. The backyard includes a newer deck, a flat yard area, a patio, and a two-car garage. There are indoor and outdoor spaces for entertaining, but it's also very close to all the York Blvd cafes, shops and galleries.
see additional photos below
PROPERTY FEATURES

- Attic - Laundry room - Living room
- Dishwasher - Stainless steel appliances - Balcony, Deck, or Patio
- Fenced yard - Lawn - Porch
- Sprinkler system - Yard - Ceiling fans
- Central A/C - Central heat - Security system
- Garage - Detached - Fireplace - Hardwood floor
OTHER SPECIAL FEATURES

- Located near all the action on York Blvd
- Updated and restored 1910 bungalow
ADDITIONAL PHOTOS

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Contact info:
Tracy King
Teles Properties
DRE Lic#01048877
(626) 827-9795
For sale by agent/broker
Created at Postlets
Posted: Jun 18, 2012, 6:28am PDT

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Just Sold in Highland Park: 5611 Meridian Street

5611 Meridian Street

We just handed our buyer the keys to 5611 Meridian Street in Highland Park today.  She is thrilled to move in to this updated bungalow with 2 bedrooms, 1 bath, and a cute back yard, perfect for entertaining.  Other features of this home include remodeled kitchen and bath, all new appliances, updated electrical, retrofitted plumbing, reinforced and bolted foundation, plus a brand new tank-less water heater.  Plus, our buyer is now walking distance to the new Fusion Burger and Maximiliano!  What a great deal!

5611 Meridian Living Room 5611 Meridian kitchen

5611 Meridian yardAre you looking for a home to buy?  We'd be happy to help you get a great home in the area.  Call us at 323.243.1234 to set up a time to meet and discuss your needs.

Property Details:
Listed for $349,000
Sold for $362,500
2 bedrooms, 1 bath
842 sq. ft. on a 3,775 sq. ft. lot
Built in 1941 (completely renovated throughout)

Listing courtesy of Jennifer Lipscomb, Keller Williams

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1692 Hits

The Winds of Change

Real estate's Spring Buying Season is upon us. In spite of the current run of grey, drizzly days, rays of light are starting to shine on the local market. Just in the last couple of weeks we've seen multiple offers on almost every good property that's come onto the market in our Northeast Los Angeles area. And we're talking up to 22 offers on the extra special ones. (Others have had only 3 or 4, but, as we like to say, you only need one.)

We have been talking about the opportunities in the market for several years now, and many buyers have seized their deals and have been enjoying the benefits of home ownership, while many more were too fearful of jumping into a market full of scary economic predictions.

What has changed for the hesitant buyers? The good news for buyers is that mortgage interest rates are still low and prices for the most part are still less than the bubble prices of 2007.  But if you own a property and have been waiting for the market to improve, this is the best time in the last 4 years to sell your house. Even today with bad economic news on the European economy and only slight improvement in the job outlook for the U.S., there is a new optimism in our little corner of the world.

According to Trend Graphics from Itech Multiple Listing Service, we are seeing the numbers of properties going into escrow trending up since the beginning of this year, and the days on market going down. The inventory of available homes is very low, and when there are more buyers competing for a desirable property, we generally see prices go up. The inventory has been low but not this low for the last year--so why are we seeing all this activity now and not before? Because all the bad news about foreclosures and other distress sales added to a general feeling of fear that the market would continue to go down and prices would never recover. Now, because of government intervention and a gradual shift in lender's handling of distressed properties (from forcing more foreclosures to facilitating more shortsales), we are seeing the distressed properties influence on regular sales shrinking.

 

We are not back to the bubble prices of 2007 and early 2008. But we are working our way to a better market and if you are a property owner and considering making a move, you will find a good number of serious buyers ready to make an offer. So, why not wait for even better times? Well, we just observed the 20th anniversary of the 1992 Los Angeles riots. If you were around back then, you may remember a number of factors that happened that no one could have predicted: the first Iraq war, the 1994 Northridge earthquake, we even had a tornado in Los Angeles during that time!

 


If making a move now could be a good option for you, consider talking with us. We will help you consider your options and if it makes sense to your own situation, we can make it happen for you.
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1971 Hits

Just Sold! 5921 Annan Way, Highland Park

5921 Annan Way Just Sold

This beautiful Craftsman bungalow was snapped up quickly in multiple offers when we brought it on the market in December. Features of 5921 Annan Way include hardwood floors throughout, remodeled kitchen and bath, updated systems, and a serene deck in the back yard. We just handed the keys over to the lucky buyer, and she is excited to move in. Congratulations to our sellers and the new home owner!

5921 Annan Living/Dining

5921 Annan Way Kitchen

5921 Annan Way Deck

Property Details:
Listed for $429,00
Sold for $408,000
2 bedrooms, 1 bath
1,020 sq. ft. on a 3,840 sq. ft lot
Built in 1911

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1760 Hits

Just Sold! 6202 St Albans Street, Highland Park

6202 St Albans St, Highland Park

This darling renovated cottage in the hills of Highland Park is officially sold! 6202 St Albans Street is a tiny one, but full of character. Features include views across Highland Park, a large back yard with planter boxes, remodeled kitchen and bath, and new floors and paint throughout. We received multiple offers and reached a final sales price of $368,000. Congratulations to the buyers!

6202 St Albans Living Room

6202 St Albans Dining Room

6202 St Albans Kitchen

6202 St Albans Porch

6202 St Albans Back Yard

Property Details:
Listed for $349,900
Sold for $368,000
2 bedrooms, 1 bath
951 sq. ft. on a 5,175 sq. ft. lot
Built in 1921

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1684 Hits

November Home Sales: Highland Park 90042

November Home Sales Highland Park 90042

November Home Sales Highland Park 90042


Here are all the single family home sales in Highland Park 90042 from this November.  The high sales price was $630,000 (compared to $680,000 in October), the low sales price was $210,000 (up from $175,000 in October), and there was a median sales price of $360,000 (down from $405,000 in October).

Also check out the November home sales for Eagle Rock and Glassell Park/Mount Washington.

You can see what Highland Park homes sold in October here.

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1774 Hits

New Listing! 5921 Annan Way, Highland Park

Tracy King | Teles Properties | (626) 827-9795
5921 Annan Way, Highland Park, CA
New listing! Open House Sunday 12/11 1-4pm!
2BR/1BA Single Family House
offered at $429,000
Year Built 1911
Sq Footage 1,020
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors 1
Parking 1 Car garage
Lot Size 3,840 sqft
HOA/Maint $0 per month
DESCRIPTION

Serene 1911 Craftsman bungalow has been restored from an ugly stucco box to this modern Zen retreat. Hardwood floors, remodeled kitchen and bath, updated systems including copper plumbing, new wiring, a rebuilt chimney, a seismic retrofit for the foundation and a new fence on the east side of the property make this a happy mix of original character and modern functionality. The deck extends across the back of the house and is a great spot for al fresco dining and enjoying the view. Don't miss the "man-cave" possibilities in the 1-car garage. Easy commute to Eagle Rock, Old Town Pasadena, freeways and surface streets. Laundry is in the walkout basement along with lots of storage space. And this is a regular sale!
see additional photos below
PROPERTY FEATURES

- Fireplace - Hardwood floor - Tile floor
- Living room - Bonus/Rec room - Dining room
- Breakfast nook - Basement - Laundry area - inside
- Balcony, Deck, or Patio
OTHER SPECIAL FEATURES

- This Craftsman bungalow has been revitalized into a charming home with modern conveniences
- Systems have been udpated
- Basement allows for more storage space
- Deck off of kitchen and master bedroom provides tranquil outdoors space
- Yard also features fruit trees!
- Visit www.TracyKing.com for more details and open house information
ADDITIONAL PHOTOS

5921 Annan Way
Living Room
Dining Room
Kitchen
Master bedroom
Bath
Front bedroom
Back deck
Garage
Contact info:
Tracy King
Teles Properties
DRE Lic#01048877
(626) 827-9795
For sale by agent/broker
Equal Opportunity Housing
Powered by Postlets
Posted: Dec 8, 2011, 7:09pm PST
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1510 Hits

October Sales: Highland Park, 90042

Here are the closed sales during the month of October in Highland Park*:

October Sales_ 90042-1 copy
Here's what you need to know about these numbers:


  • In October 2010 there were 18 sales, same as this month.

  • The average sales price in October 2010 was $357,028 (compared with $394,506 this year, an increase of 10%)

  • In October 2010 there were 10 distressed sales - five short sales, five bank-owned sales.  In October 2011 that was reduced to 8 distressed sales - two short sales and six bank-owned.   That's a reduction of 11% in distressed sales.


*Single-family home sales in the 90042 zip code only.

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1655 Hits