LA Digs - Northeast LA Real Estate Blog

1522 N Avenue 45 was only on the Eagle Rock real estate market for a short time before we put it into escrow. We received four offers and negotiated the final sales price to $577,500 – 17% over the asking price of $499,000.

The seller converted the 1929 duplex into a lovely single family home with new kitchen and baths, new flooring throughout, fresh paint, and more. The large, flat yard provides plenty of room for gardening, entertaining, and has a one-car garage with attached studio. Clearly this was just what buyers are looking for!

If you are curious what your home is worth, give us a call at 626.827.9795 or send us an email!

Property Details:
Listed for $499,000
Listed for $577,500
3 bedrooms, 2 baths
1,256 sq. ft. on a 7,508 sq. ft. lot
Built in 1929

5224 La Roda is a classic Eagle Rock home - Craftsman style, located north of Colorado Boulevard on a beautiful tree-lined street, with a spacious flat back yard to enjoy. It has great original detail, such as hardwood floors, built-in buffet and desk, un-painted wood trim. It also was updated in the late 1970s, which has its positives and negatives. Some people couldn't see past the popcorn ceilings, or style of the kitchen and baths. However, some buyers saw this house for it truly is - an amazing location, a lot of space, character, a great forever home. Not many homes come up for sale north of Colorado Boulevard to take advantage of!

We brought this home on the market in December with an asking price of $699,000 and held several open houses. After a couple of weeks we received one offer, then a couple of days later another offer, and another. Another case of buyers waiting, waiting, waiting and then jumping in all at once! The demand in the Eagle Rock real estate market is almost unavoidable these days. With multiple offers, we negotiated the final sales price to $725,000.

Property Details:
Listed for $699,000
Sold for $725,000
3 bedrooms, 2 baths
2,025 sq. ft. on an 8,171 sq. ft. lot
Built in 1923

This charming Eagle Rock home is as close to hacienda ranch-style living as you can get in the middle of the city! Rare, even for the interesting homes we have in Eagle Rock, this two bedroom, one bath home is known in the community for its massive cactus garden. We listed this home for $499,000 in December and after a few weeks on the market received three offers within days of each. We negotiated a final sales price of $505,013.

This is a classic tale in today's Northeast LA real estate market. We have seen multiple times over the last few months, buyers waiting, waiting, waiting to make an offer - and when they finally do, other buyers have done the same! This results in multiple offers and often a sales price over asking price. There are some incredible opportunities in today's local real estate market, but with prices on the rise, buyers need to act quickly!

Property Details:
2 bedrooms, 1 bath
1,041 sq. ft. on a 6,583 sq. ft. lot
Built in 1951
Listed for $499,000 - Sold for $505,013

If you would like to know what your Eagle Rock home is worth, give us a call or send us an email!

We brought 5339 Argus Drive on the market back in October, and quickly received multiple offers. The spacious one-level home has been in the same family since it was built, and features hardwood floors, copper plumbing, upgraded electrical, remodeled baths, two fireplaces, and a great deck in the back yard. We just closed escrow today with a final sales price of $697,095 - congratulations to our clients, and we welcome the new homeowner to the neighborhood!

Property Details:
Listed for $665,000
Sold for $697,095
3 bedrooms, 2 baths
2,138 sq. ft. on an 8,543 sq. ft. lot
Built in 1958

This one-level, 3 bedroom, 2 bath home features an open floor plan, family room, a wide front porch, a new two-car garage, and a large, flat back yard. Receiving multiple offers, we reached a final sales price of $556,000. Congratulations to the new home owner!

Property Details:
Listed for $549,000
Sold for $556,000 with multiple offers
3 bedrooms, 2 baths
1,485 sq. ft. on a 7,497 sq. ft. lot
Built in 1921

That is what Sellers assume, but today’s California Association of Realtors Residential Purchase Agreement (RPA) is a little more complex. If the Buyer and Seller have initialed the Liquidated Damages clause, the Buyer has removed the Inspection Contingency, and the Buyer cancels for no reason, then yes, the Seller may keep up to the amount of the Earnest Money Deposit (EMD). However, it is extremely rare that a Buyer would actually forfeit their deposit with all the loopholes available today.

Bottom line, in a real estate transaction today, there are no guarantees that the buyer will close the escrow until you receive the call that the recording is confirmed. As Bette Davis said in All About Eve, “Fasten your seat belts, it’s going to be a bumpy night.”

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

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,br/> Sold for $621,000
3 bedrooms, 2 baths
1,732 sq. ft. on a 8,180 sq. ft. lot
Built in 1922

This one-level English cottage offers spacious rooms, charming courtyard entry, and a private backyard. Located on a hilltop in the heart of Eagle Rock, 1566 Linda Rosa has views of the Verdugo mountains and is in a quiet neighborhood near Dahlia Elementary School.  There are high ceilings, hardwood floors, original windows, and even a walk-in basement.  We found the perfect buyers for this home - they love the charm and quirks of this 1920s home and are planning to do some amazing things to it.  We closed escrow today with a sales price of $599,000.  Congratulations to the new homeowners!

Property Details:
Listed for $599,000
Sold for $599,000
3 bedrooms, 2 baths
1,792 sq. ft. on a 6,991 sq. ft. lot
Built in 1927

It's all about the views from this sleek, 1987-built home located at the end of the very southern-most street in Eagle Rock. 1901 Silverwood Lane has a spacious living room and dining room that open onto the deck and that fabulous view. Bamboo floors and a concrete fireplace facade bring 1987 into the present.  All three bedrooms are upstairs, with a large master suite that has its own balcony.  After a price reduction to $599,000, we received multiple offers and closed escrow with a final sales price of $600,000.  Congratulations to the new home owner!

Property Details:
Listed for $599,000
Sold for $600,000
3 bedrooms, 3 baths
1,965 sq. ft. on a 6,461 sq. ft. lot
Built in 1987

The adorable one bedroom cottage at 1368 North Avenue 46 in Eagle Rock just closed escrow.  Perched on a secluded hill, this cute little house received a lot of attention when we brought it on the market for $329,000 in July.  We put it into escrow very quickly with multiple offers.  Final sales price: $345,000!

Property Details:
Listed for $329,000
Sold for $345,000
1 bedroom, 1 bath
661 sq. ft. on a 5,608 sq. ft. lot
Built in 1939

Now this is an interesting story to tell. We brought 5136 La Roda on the market back in July with an asking price of $699,900. We received one offer, which didn't come together. After a little while we reduced the price to $679,900. Still nothing. Then, in the beginning of September, we finally received an offer (under the new asking price). We began the negotiation process with this offer. After a few days of going back and forth we received another offer. And then two more offers. Suddenly we had a multiple offer situation to negotiate - after being on the market for over a month! We closed escrow last week with a final sales price of $715,000 - over the original listing price AND all cash with a 5 day escrow. Needless to say, this is a very interesting real estate market we have going in Eagle Rock right now!

We just sold 1538 Hazelwood Avenue yesterday, for a final sales price of $576,500.  Listed for $549,000 in July, we received multiple offers on this charming home. Home buyers loved the floor plan and entertainer's back yard of this three bedroom, two bath home.  Congratulations to the new home owners!