LA Digs

Just Sold in Eagle Rock: 5022 Mount Royal Drive, Eagle Rock

Keely — Wed, 16 May 2012 20:14:25 +0000

5022 Mount Royal Drive received quite the flurry of attention when we brought it on the market mid-April. Offers came pouring in for this adorable 2 bedroom, 1 bath cottage. As we mentioned before, the market has exploded in Eagle Rock. The highest offer (we received 17 total) we received for this flip was $505,000, all cash. We closed escrow (in 20 days) today at that price. Welcome to the neighborhood, new homeowners!

Property Details:
Listed for $419,000
Sold for $505,000
2 bedrooms, 1 bath
996 sq. ft. on a 6,953 sq. ft. lot
Built in 1922

For more pictures and details visit www.5022MountRoyalDrive.com.

Just Sold in Eagle Rock: 1143 Arbor Dell Road

Keely — Wed, 16 May 2012 15:26:03 +0000

We brought this Midcentury Ranch home on the market at the end of March for $549,000. Featuring three bedrooms, two baths, plus a den and a private cul-de-sac location (north of Hill Drive), 1143 Arbor Dell Road quickly went into escrow. This week we closed escrow with a sales price of $549,000. Our seller has lived in this home since the 1960s and is ready to move on to something new. We welcome the new homeowners into the neighborhood!

Property Details:
Listed for $549,000
Sold for $549,000
3 bedrooms, 1.75 baths
1,840 sq. ft. on a 9,090 sq. ft. lot
Built in 1953

For more pictures and details visit www.1443ArborDell.com.

Just Sold in Eagle Rock: 5353 Kincheloe Drive

Keely — Wed, 09 May 2012 22:27:25 +0000

We just closed escrow on this 1950s ranch located north of Hill Drive on a quiet cul-de-sac. This was a short sale, and we were able to help our clients navigate through the listing process and the short sale approval maze to successfully close escrow. We put the home on the market in December, received several offers and opened escrow in the beginning of January. It took about four months to get approval from the bank, and we closed escrow one month after that. If you would like more information on what a short sale is or want to discuss how the process works, give us a call at 323.243.1234 or send us an email at tracy@tracyking.com.

Property Details:
Listed for $499,000
Sold for $505,000, in multiple offers
3 bedrooms, 1.75 baths
1,401 sq. ft. on a 5,630 sq. ft. lot
Built in 1954

For more pictures and details on this home visit www.5353KincheloeDrive.com.

Just Sold in Highland Park: 5611 Meridian Street

Keely — Mon, 07 May 2012 19:41:35 +0000

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!

Are 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

The Winds of Change

Tracy — Wed, 02 May 2012 17:14:54 +0000

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.

Action Alert Update: Moore House Demolished

Tracy — Fri, 27 Apr 2012 04:42:20 +0000

This pains me deeply. I am so tired of seeing these demolitions that make way for giant soul-less stucco boxes. And I am tired of these style-less stucco boxes where ever they are built.

ACTION ALERT UPDATE:
Moore House Demolished

The Moore House demolished.
Photo by Sarah Farris-Gilbert.

The Moore House was one of Lloyd Wright’s most significant postwar residential designs.
Photo by Stephen Russo.

Detail of the demolition. Photo by Flora Chou/
Los Angeles Conservancy staff.

Despite several years of intensive advocacy and significant public outcry, the Moore House (Lloyd Wright, 1959) in Palos Verdes Estates (PVE) was demolished on Wednesday, April 25.

The demolition occurred less than a day after the PVE City Council denied the Los Angeles Conservancy’s appeal of the City’s earlier decision to allow the home’s demolition.

The Moore House was a unique, irreplaceable, and extraordinarily significant modernist residence, designed by Lloyd Wright, renowned architect and son of Frank Lloyd Wright.

The environmental impact report (EIR) for the replacement project didn’t evaluate a single sincere preservation alternative that would have maintained the Moore House’s eligibility for listing in the National Register of Historic Places and the California Register of Historical Resources.

The California Environmental Quality Act (CEQA) is a state law that requires the evaluation of a range of alternatives. It also requires that those alternatives be analyzed with the public’s interest in mind, not the property owner’s — even for a private residence.

When the EIR for this project failed to provide a reasonable preservation alternative, the Conservancy commissioned our own. It provided for a sensitive addition to the Moore House — a standard approach to increasing the size of an existing home. We met with the owner to present this alternative, yet it was disregarded by both the owner and the City.

With no protections in place for its historic resources, the City of Palos Verdes Estates can continue to erase its architectural heritage, one demolition at a time. If you live in PVE, please let your elected officials know that you care about your city’s tangible history and want it preserved for future generations.

Thank you to the hundreds of people who submitted letters of support on this issue, and for the people who attended the City Council meeting Tuesday night. Your voice will continue to be heard as we work to preserve other historic places throughout Greater Los Angeles.

More information on the Moore House
The Conservancy’s testimony from the April 24 City Council Meeting (PDF)

Trouble managing preferences/unsubscribing? E-mail Cindy Olnick

Los Angeles Conservancy | 523 W. Sixth St. Suite 826 | Los Angeles, CA 90014
213-623-2489 | laconservancy.org

Posted via email from Tracy’s LA Real Estate

New Home For Sale: 5204 Mount Royal Drive, Eagle Rock

Keely — Wed, 25 Apr 2012 21:44:11 +0000

Tracy King | Teles Properties | (626) 827-9795

5204 Mount Royal Dr, Eagle Rock, CA

New home for sale! Open house on Thursday, April 26, 10-2pm; and

Sunday, April 29, 2-5pm.

3BR/1+1BA Single Family House

offered at $679,000

Year Built	1919
Sq Footage	1,954
Bedrooms	3
Bathrooms	1 full, 1 partial
Floors	1
Parking	2 Car garage
Lot Size	9,303 sqft
HOA/Maint	$0 per month

DESCRIPTION

Attention character home lovers! This 1919 Craftsman offers the answer to your dreams with its light-filled rooms and vintage details. Features include a marble-topped buffet in the formal dining room, original tile in the main bath, a built-in bookcases on either side of the fireplace, and a sunroom off the living room beyond a set of French doors and sidelights. The backyard is a private retreat with a covered porch extending across the width of the house, a green expanse of lawn, a patio off the kitchen, and another patio off the garage. Located in one of the most sought-after neighborhoods in Eagle Rock north of Colorado, close but not too close to Colorado and the shops and restaurants there AND in the popular Dahlia Heights Elementary school area (check with LAUSD for enrollment requirements).

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- Hardwood floor	- Living room	- Office/Den
- Dining room	- Dishwasher	- Attic
- Basement	- Laundry area – inside	- Balcony, Deck, or Patio
- Yard

OTHER SPECIAL FEATURES

- Located north of Colorado Blvd. on a beautiful tree-lined street

- Extra storage in basement and attic spaces

- Bright and airy throughout

- Two bedrooms open out onto back porch and yard

- Central air and heat

ADDITIONAL PHOTOS

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Photo 9	Photo 10
Photo 11	Photo 12
Photo 13	Photo 14

Contact info:

Tracy King

Teles Properties

DRE Lic#01048877

(626) 827-9795

For sale by agent/broker

Posted: Apr 25, 2012, 12:40pm PDT

Before and After: 5220 Hartwick Street, Eagle Rock

Keely — Mon, 23 Apr 2012 20:01:05 +0000

Remember our little fixer listing on Hartwick Street that we sold last year?

We listed it for $299,000 and got a lot of interest (and offers) for this cute cottage on a street north of Colorado Blvd. We sold it to an investor who has done an incredible job of fixing it up and adding on to it:

When we sold it, 5220 Hartwick was a three bedroom, one bath cottage with an odd floor plan. Now the home is a practically brand-new bungalow with three bedrooms, two baths, plus a den/family room. The floor plan has been opened up and flows much better than before. And of course, every detail has been updated to look modern:

Dining and living area before

Dining and living area after

Kitchen before

Kitchen after

Bedroom before

Bedroom after

Bath before

Bath after

Back yard before

Back yard after

Master bedroom added on

Quite the transformation, eh? All systems are new, including roof, central heating and air, plumbing, electrical, waste lines, gutters and water heater. The foundation has been retrofitted. The size of the home has gone from 1,200sq. ft. to 1,615 sq. ft. The home is currently listed for $699,000.

If you would like to see the home, contact us at 323.243.1234. We’d be happy to help you make it your own!

Listing Provided Courtesy of: Dana Frank, Rodeo Realty

New Home For Sale: 1403 Linda Rosa Avenue, Eagle Rock

Keely — Wed, 18 Apr 2012 23:37:26 +0000

Tracy King | Teles Properties | (626) 827-9795

1403 Linda Rosa Ave, Eagle Rock, CA

New to the market! Open house on Sunday 4/22, 2-5pm; Tuesday 4/24 10-2pm; and Thursday 4/26 10-2pm.

4BR/3BA Single Family House

offered at $699,000

Year Built	1929
Sq Footage	1,733
Bedrooms	4
Bathrooms	3 full, 0 partial
Floors	2
Parking	2 Car garage
Lot Size	18,524 sqft
HOA/Maint	$0 per month

DESCRIPTION

Want style but tired of what you’ve seen on every investor flip in town? Live your dreams in this romantic Spanish-influenced 1929 hacienda located on a secluded, gated 18,000 square foot lot with sunset views. The main house has 3 bedrooms, 2 baths on the main level, oriented around a plant-filled patio courtyard with a spa and that western view. There are freshly refinished hardwood floors, updated systems, a restaurant-style kitchen with real linoleum floors and stainless steel counters. Separate downstairs is a permitted 4th bedroom/3rd bath that is currently the laundry/exercise room. The circular driveway can park about 10 cars, there is a spacious 2-car garage, plus you’ll find a studio secluded down the hill with its own deck and views.

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- High/Vaulted ceiling	- Hardwood floor	- Tile floor
- Living room	- Dining room	- Washer
- Dryer	- Laundry area – inside	- Balcony, Deck, or Patio
- Yard

OTHER SPECIAL FEATURES

- Private, gated lot with circular driveway

- Sunset views across Eagle Rock

- Permitted guest house

- Large two-car garage with workshop space

- Patio with access from almost every room in the house

ADDITIONAL PHOTOS

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Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8
Photo 9	Photo 10
Photo 11	Photo 12

Contact info:

Tracy King

Teles Properties

DRE Lic#01048877

(626) 827-9795

For sale by agent/broker

Posted: Apr 18, 2012, 2:29pm PDT

New Home For Sale: 5022 Mount Royal Drive, Eagle Rock

Keely — Wed, 18 Apr 2012 23:27:03 +0000

Tracy King | Teles Properties | (626) 827-9795

5022 Mount Royal Dr, Eagle Rock, CA

New on the market! Open Thursday 4/19, 10-2; Sunday, 4/22, 2-5; and

Tuesday, 4/24, 10-2.

2BR/1BA Single Family House

offered at $419,000

Year Built	1922
Sq Footage	996
Bedrooms	2
Bathrooms	1 full, 0 partial
Floors	1
Parking	1 Car garage
Lot Size	6,953 sqft
HOA/Maint	$0 per month

DESCRIPTION

Hurry over to this adorable 1922 vintage cottage located on a quiet residential street south of Colorado in the heart of Eagle Rock. Freshly painted inside and out with refinished hardwood floors, you can unpack and start living right away. The updated kitchen has real linoleum flooring, marble-style countertops, a dishwasher, stove and room for a small table & chairs. The separate downstairs houses the washer & dryer and a room for additional storage or your home gym. The detached garage would make a perfect artist’s studio, play room or office. The back yard is large, fenced, and has a patio for your al fresco dining, planting beds for your garden and still has plenty of lawn and trees. Located in the popular Dahlia Elementary school area, check with LAUSD for enrollment requirements. So close to popular restaurants including Cafe Beaujolais, Classic Thai, and Casa Bianca, you can live the urban life Eagle Rock style!

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Hardwood floor
- Living room	- Dining room	- Breakfast nook
- Stove/Oven	- Washer	- Dryer
- Laundry area – inside	- Balcony, Deck, or Patio	- Yard

OTHER SPECIAL FEATURES

- Move-in ready home

- Quiet street south of Colorado Blvd.

- Large backyard with lawn, garden areas, and patio

- Bonus space underneath house

- One-car garage perfect for studio, home office, or storage

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8
Photo 9

Contact info:

Tracy King

Teles Properties

DRE Lic#01048877

(626) 827-9795

For sale by agent/broker

Posted: Apr 18, 2012, 2:19pm PDT