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Fall 2017 Market Update: Homes Between $700k – $800k

In this series we’re taking a look at homes sold at various price points in the second half of 2017. Inventory remains low and bidding wars the norm so we’ll be focusing on selling price rather than asking price. What will a budget between $700,000 and $800,000 buy you on LA’s Eastside (and beyond)? Read below to find out:

669 Romulo St

669 Romulo St
2bd, 1ba, 963 sq ft on a 4,945 sq ft lot in Cypress Park
Asking $599,000 – Sold for $760,000

Let’s start by saying the photos for this home truly don’t do it justice. The minute I set foot into this magical place I knew it would be setting a sales record for Cypress Park. Small in size but big in character and warmth – the inside of this home looked like an Anthropologie catalog. Yes some of that was the staging but more than anything it was the wood floors, the Spanish fireplace, the vintage tiled bathroom with it’s separate tub and shower, and the sun beaming through the oversized picture window. Sigh.
What’s the catch? This is still an up-and-coming area but slated to be one of the hottest real estate markets in LA in the coming year. The backyard was terraced and not as useable as a flat backyard. And as a buyer you’d have to wrap your head around knowing you’re paying more than anyone ever has in this pocket.

1100 Montecito Dr

1100 Montecito Dr
2bd, 1ba, 1,071 sq ft on a 7,004 sq ft lot in Montecito Heights
Asking $639,000 – Sold for $705,000

This iconic mid-century is one of the original 39 homes in Montecito Heights and one of only 23 remaining. A home on stilts isn’t for the faint of heart but this type of architecture is quintessential LA.
What’s the catch? The only useable outdoor space is decks protruding from the home + a small flat paved patio on the side.

4416 Maycrest Ave
3bd, 2ba, 1,702 sq ft on a 7,504 sq ft lot in El Sereno
Asking $747,000 – Closed for $785,000

Wow El Sereno is bringing some serious A-game with this renovated 1917 Craftsman. That original built-in conversation nook with the fireplace? The leaded glass? The tiled bathrooms? The original thin slat hardwoods? The built ins? The casement windows? The coffered ceilings? Seriously GTF out. of. here.
What’s the catch? You’ll get 90s nightclub vibes every time you shower unless you can figure out how to turn off those oddly-placed glowing blue LED lights coming from the shower head.

3160 Verdugo Pl
2bd, 1ba, 820 sq ft on a 7,160 sq ft lot in Glassell Park
Asking $675,000 – Sold for $757,500

It’s worth noting that this same property in the same condition sold in January 2016 for $610,000. A $150,000 appreciation in less than 2 years with no change in finishes is pretty epic and is a great indication of the direction this pocket is going. This home has a shared driveway or a million steps up from the street but once you’re up there are spectacular views from every room indoors and out.
What’s the catch? All of the yard is what you see in front and on the side – maybe room to garden but not much more but this is pretty typical of a hillside home with incredible views.

3901 2nd Ave
3bd, 4ba, 1,801 sq ft on a 6,500 sq ft lot in Leimert Park
Asking $749,777 – Sold for $780,000

This large 1934 Spanish home in Leimert Park has been remodeled inside and out with refinished hardwoods (the cool old-school thin slatted kind you never see anymore), a fireplace, French doors, vaulted ceilings, and a nice new deck. They seem to have lost their way on the sparse landscaping but all is forgiven for the bold color choice and Spanish tiles in front.
What’s the catch? You’re going to have to figure out something better for that dirt front yard.

2623 Kent St

2623 Kent St
3bd, 2ba, 1,182 sq ft on a 2,124 sq ft lot in Silver Lake
Asking $649,000 – Sold for $790,000

Clearly someone struck gold with a sale on granite tiles and went to town in that kitchen. And it should be noted that on assessor’s records this home is only 672 sq ft, meaning they probably converted the attic to a second floor without permits. Overwhelming granite and unpermitted space aside, this is great square footage and charm for this price in a walkable part of Silver Lake.
What’s the catch? The only outdoor space is a small patio in the back, but hey that’s just less you need to worry about maintaining.

What to expect with a $700,000 – $800,000 budget: This price point is one of the most competitive in Los Angeles, with almost every home on the market going well above asking price so shopping around $100,000 under your max budget is a safe bet for bidding war and closing cost wiggle room. Much like the surrounding price points you can get a more finished home or more square footage by going further into the outlying areas. This budget should get you around 600 – 1,000 sq ft of remodeled home or 800 – 1,200 sq ft of cosmetic fixer in trendy pockets of the Eastside like Highland Park and 1,500 – 2,000 sq ft remodeled home or 1,800 – 2,200 sq ft of cosmetic fixer in up-and-coming areas like El Sereno. 

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Just Listed: 4155 2nd Ave in Leimert Park

4155 2nd Ave Leimert Park

4155 2nd Ave, Leimert Park

Welcome to Leimert Park, the Curbed.com 2016 Neighborhood of The Year! This bright and airy renovated 3 bedroom, 2 bath 1,300 sq ft classic California bungalow comes with a bonus detached 1 bedroom/560 sq ft  guest house for a total of 1,860 sq ft of flexible living space.

Both living spaces have been restored in a neutral palette with rustic white oak hardwood floors, original millwork details and black hardware accents. The main house features new central heat & air on a Nest system, energy-efficient doors & windows, quartz countertops, new appliances and bathrooms with custom pinewood vanities, porcelain vessel sinks, and rain shower heads. The master bedroom and bathroom open to a large wood deck for the ultimate in morning inspiration and evening unwinding.

A gated landscaped backyard, new roof, upgraded 200 amp electrical panel, and bolted foundation are just a few of the perks that come with this incredible home – minutes from shopping and public transportation and ready to fill with all your memories.

4155 2nd Ave Leimert Park
4155 2nd Ave Leimert Park
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UPDATE: SOLD Silver Lake Mid-Century Treehouse with Views!

1482 Angelus Ave, Silver Lake

Tucked into a quiet and coveted Silver Lake enclave, this 60s mid-century modern has been remodeled and reimagined with an architect’s touch. Enter from street level into the bright and airy top floor – an entertainers dream with walls of glass sliders opening to a large deck offering stunning city & sunset views. Rich walnut floors lead through the open-concept living and dining areas into a sprawling kitchen with Heath backsplash & custom cabinetry.

Downstairs is a tranquil sanctuary showcasing salvaged giant Sequoia ceilings enveloped by lush trees through walls of glass which allow access to the large downstairs deck & terraced side yards from every room. This home features two master suites – one up & one down each with en suite bath – along with two additional rooms with sliding walls that offer a flexible use of space. Central HVAC, large carport and ample closet & storage space. Close to the Reservoir, Sunset Junction & all that makes Silver Lake one of the best neighborhoods in LA.

1482 Angelus Ave, asking $1,599,000

OPEN HOUSE:
Sunday May 7 2pm – 5pm
Tuesday May 9 11am – 2pm
Join us for a special twilight open house Tuesday May 9 from 7pm – 8pm

1482 Angelus Ave Floorplan
1482 Angelus Floorplan, Click to Enlarge
1482 Angelus Walk Map
1482 Angelus stair street map, click to enlarge
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JUST LISTED: 204 Joy St in Highland Park

Step into this private California cool Highland Park compound and you may never want to leave, but who says you have to?

Asking $685,000. Open Tuesday October 11 from 11am – 2pm, Saturday October 15th from 1pm – 4pm, and Sunday October 16th from 1pm – 4pm or call me at 323-989-3839 for more information or a private showing.