Tag: houses

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Pocket Listings in Glassell Park – Single Family Homes For Sale Near Downtown Los Angeles

Glassell Park Pocket ListingAs prices in Downtown Los Angeles settle firmly in the high range, many prospective Downtown loft buyers are instead deciding to seek out single family homes in the brisk markets of the surrounding neighborhoods that have not yet risen to their full potential.

The popular nearby neighborhoods include Glassell Park, Echo Park, Silver Lake, Highland Park, Elysian Valley, Lincoln Heights, South L.A., Westlake, Koreatown, Pico Union and Boyle Heights.

Glassell Park House

These neighborhoods are very hot markets right now, with most properties recently selling above asking price.  It’s getting tougher to find a bargain without getting outbid by another buyer.  One solution is to find nice properties that are not listed to the public, so that a low offer can be placed without being immediately outbid by another buyer.

This pocket listing will be hitting the MLS a week from Thursday, but the L.A. Loft Blog is giving you a chance to see it first. Here are some camera phone photos that the owner shot, so you can get a basic idea, but it will be professionally photographed and then list to the public to create a higher price for the seller.  Experts agree that buyers can get an advantage and lower price when seeing and negotiating a property before it is listed on the MLS and before the general public has a chance to drive up the price with multiple offers:

For Sale3 BD/2.5 BA
2,150 sq ft./7,078 lot
Modern, built in 2007
Big views from the living room and master bedroom
Amazing roof-top deck with 360 degree views.
Tons of volume, with very high ceilings
Perched up high above the street
2 car, detached garage

Price: $875,000

CALL COREY FOR DETAILS 213-880-9910

Find Out What The Home Down The Street Sold For!

FREE List Of Recent Home Sales And Active Listings In Your Area

glassell-park-pocket-02-7-2Knowing what homes have sold for in your area, and how active listings are priced, is very important information when the time comes to put your home on the market.  This information will give you a good idea of what your home might sell for if you were to put it up for sale in today’s market.

This is critical information that you must have weeks before you put your home up for sale.

To receive a detailed listing of all recent home sales and all active listings in your area, visit SoCalSoldPrice.com or fill out the online form:

 

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

ASCENDING ORDER (low to high)    |    DESCENDING ORDER (high to low)

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Copyright © 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Why Are People Buying Outside of Downtown Los Angeles? And What Are They Buying?

Buying a Real House – Loft Buyers Who Chose Single Family Homes

As prices in Downtown Los Angeles have already surpassed everyone’s expectations, and still continue to grow quickly, the average buyer can no longer afford the typical price in Downtown LA.  Over the last month, the lowest price loft in the Arts District was a whopping $850,000 (today there is a steal on a Barker Block loft with plenty of light and view for a mere $629,000). No longer a bargain basement of abandoned industrial buildings adopted by starving artists, Downtown is now a luxury neighborhood, a place of upscale urban vibe that offers real lofts, concrete, brick and authentic Downtown dining and entertainment experiences that you cannot find in West L.A.

With the $600,000s being the new floor price for Arts District lofts, more buyers in the $250,000 to $500,000 range are now looking at neighborhoods outside of Downtown for the right price on cool condos in fun neighborhoods.  When a prospective Downtown loft buyer ends up purchasing in a different neighborhood, they often still continue to aspire to eventually buy in Downtown. For those who cannot buy a Downtown dream loft today, buying a nearby condo or house is a stepping stone to allow the amazing dream loft to come true in the future. Buying in another great neighborhood protects the buyer from home price inflation. By owning another great home, the prospective loft buyer benefits from the higher prices, while most renters fall further behind the price curve.

Eager to get a better deal, they purchased homes located in the neighborhoods roughly between Downtown Los Angeles and Hollywood. They mostly chose houses with open concept kitchen-dining-living rooms, yet having traditional bedrooms with doors. Here’s what they have been buying instead when they did end up buying a Downtown lofts that they originally looked at:
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Pico-Union Neighborhood Adjacent to Downtown Los Angeles

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This newly rebuilt house is a lofty-little 2-bedrom with bonus room. Just 5 minutes to Downtown, the living area is open-concept with high ceilings and real wood beams all for about $100,000 less than comparable Downtown lofts.

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Melrose Hill, East Hollywood Neighborhood – Five Minutes to Fun Hollywood Nightspots

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Modern renovated small 2-bedroom single family home in East Hollywood, minutes to unlimited fun and excitement of Hollywood.

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Hancock Park Condo

Walk to dining and shopping on Melrose.
This clean. affluent neighborhood is a quick walk to dining and fun shops on Melrose.

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Glassell Park 3-Story House with Views of Griffith Park

Unable to find a large enough loft with balcony and view, the buyer opted instead to purchase this Mt. Washington 3-story house with pool, 2-car garage and grand vista of Griffith Park.
Unable to find a large enough loft with balcony and view, the buyer opted instead to purchase this large, Mt. Washington 3-story 3-bedroom house with pool, 2-car garage, entertainment room, grand vista of Griffith Park, and lots of windows and skylights.

Get more single family homes and condo alternatives to Downtown lofts in fun nearby neighborhoods. Fill out my Online Form.

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Copyright © 2015 This free information provided courtesy LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.