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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!

Remodeled Mid-Century Traditional at 1209 N Avenue 45

Remodeled Mid-Century Traditional at 1209 N Avenue 45

Perched at the top of its own hill, this adorable cottage is freshly updated and landscaped.  

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The current owners have transformed a sad little foreclosure into a charming updated cottage, with newly rebuilt 2-car garage, and a delightful garden of a yard with winding paths, fruit trees, and drought-tolerant plantings.

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Live in the best of all worlds: carefree living and seclusion just minutes from the hip eateries and shops along York Blvd and easy access to the 2 freeway and downtown LA.  

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Updates include remodeled kitchen and bath, new energy efficient windows, new flooring, freshly painted inside and out, tankless water heater, insulation, and more. 

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Listed for $457,000
2 bedrooms, 1 bath
784 sq. ft. on a 5,040 sq. ft. lot
Built in 1952

For more photos, details, and open house information, visit 1209 N Avenue 45 on our website.

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California Cottage at 4951 Hartwick Street

California Cottage at 4951 Hartwick Street

Ready for your discriminating updates or move right in and re-imagine life as it was in 1927.  The latest Eagle Rock home for sale is this charming California cottage with 2 bedrooms and 1 bath.

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The original hardwood floors, an Arts & Crafts tile fireplace, lots of original windows, built-in cabinets in the formal dining room all add up to character, style, and a simpler time.

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A spacious kitchen provides plenty of counter and storage space.


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The tidy back yard is accessed from a deck off the kitchen with sunset views and has space for lawn and some gardening.  There is even a large walk-out basement for the laundry, storage, and perhaps a studio area or . .. ?

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The 1-car garage is located at the end of the long driveway, providing off-street parking for at least a couple of cars.

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Other features include a newer 50-year roof, copper plumbing, UV-protective windows, and a California-style landscaped front yard.

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Listed for $499,000
2 bedrooms, 1 bath
884 sq. ft. on a 3,420 sq. ft. lot
Built in 1927

For more photos, details, and open house information visit 4951 Hartwick on our website.

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Mid-Century Modern at 2649 Medlow Avenue

Mid-Century Modern at 2649 Medlow Avenue

Live the Los Angeles dream in this midcentury modern with vaulted beamed wood ceilings, freshly refinished hardwood floors, and views of the final resting place of stars like Michael Jackson.

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The open living/dining/kitchen offers a feeling of space and the opportunity to design your own gourmet space.

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Upstairs are two bedrooms, with hardwood floors and beamed ceilings, and a bath.

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Downstairs is a spacious family room, with ample storage space, and the master suite, both with access to the patio and back yard.

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The backyard is large and completely fenced, with a parking pad for your Airstream Bambi. Conveniently located near the hip section of York Blvd and with easy access to the 2 freeway for downtown commuters.

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Freshly painted inside and out with new carpet downstairs, you can move right in! Eagle Rock schools include the popular Delevan Elementary.

Listed for $599,000
3 bedrooms, 2 baths
1,539 sq. ft. on an 8,024 sq. ft. lot
Built in 1956

For more photos, details, and open house information visit 2649 Medlow on our website.

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Contemporary with Views at 1401 Wildwood Drive, Eagle Rock

Contemporary with Views at 1401 Wildwood Drive, Eagle Rock

Step into modern day easy living with this newer 2004-built home with views, quiet and style.

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Originally finished with high-quality fixtures and immaculately maintained, this home is truly "turn-key" -- right down to every knob and faucet.

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The kitchen opens onto the dining area, and looks out onto views of the mountains.

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You might not ever want to leave the master bedroom and bath--the huge spa-style tub, separate shower, dual separate sinks all make it so you never have to feel crowded even when you both have to get ready at the same time.

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The third level has a flexible floorplan with a large room currently used as an art studio, a smaller bedroom and 3/4 bath which could be another master suite.

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Outdoor spaces include balconies on each floor and peaceful, verdant views.

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With over 2400 square feet, there is space for everything in this 3-level home with attached 2-car garage.

Listed for $769,000
3 bedrooms, 3.5 baths
2,413 sq. ft. on a 9,082 sq. ft. lot
Built in 2004

For more photos, details, and open house information, visit 1401 Wildwood on our website.

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What's Happening in the Northeast LA Real Estate World Now?

What's Happening in the Northeast LA Real Estate World Now?

The Northeast LA real estate market is an ever-changing beast.  Here are the main elements of what's driving our market today:

Increased Interest Rates

The big news in the real estate market is that rates have jumped up quickly. Most of the market volatility is stemming from speculation that the Fed will eventually be discontinuing its QE3 program. Rates have increased approximately 1% across the board on all products.

Although no one really likes higher interest rates, it is normal in a recovering real estate market to see rates rise. Also slightly higher rates will allow new lenders to enter the arena making for a more efficient market through increased competition. However, rates are still at historical lows compared to the 13.4% 30 years ago! The market is filled with opportunity and we cannot emphasize the importance of good strategic advice with access to innovative products to thoughtfully structure the right solution for clients.

Increased Inventory

The number of homes for sale in Northeast Los Angeles has definitely increased in the last few weeks. We are now averaging about 30 homes currently for sale in Eagle Rock. While significantly higher than the 12 we had earlier this year, we are still a far cry from the 75 homes for sale back in 2010. In Highland Park we are averaging about 40 homes active on the market, compared to 159 back in 2009. We are still seeing multiple offers on our listings.

Instead of perhaps attracting 10-15 offers, we are receiving 5-6. This of course depends on pricing strategy and what else is available when we come on the market.

The under $500,000 market continues to move very quickly. We received 10 offers on our one bedroom listing at 1915 Chickasaw (listed for $389,000).A house on Avenue 54 in Highland Park received 60 offers (listed for $299,000) and sold for 33% over asking price.

Increased Average Sales Price

The average sold price in Eagle Rock in June 2013 was $590,000, which continues the upward trend we’ve been experiencing. That’s 7.5% higher than the average of $549,000 in June 2013, and 27.4% higher than the average of $463,000 in June 2009.

In Highland Park the average sales price has reached $439,000, which is 44.9% higher than the average in June 2009, and 17.7% higher than the average of $373,000 just last year.

What does this mean for you?

This is still the best time to sell your home that we’ve seen in the last 5 years. While we are not experiencing the dramatic price spike that we saw earlier this year, prices have gone up considerably year over year. With more inventory available, the ability to move up into a bigger home, or down-size, while selling your home is more achievable. Our sellers are getting strong prices for their homes.;Our buyers are starting to see more opportunities in the market.

Call us today to discuss your real estate needs.

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