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Fall 2017 Market Update: Homes Between $600k – $700k

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 $600,000 and $700,000 buy you on LA’s Eastside (and beyond)? Read below to find out:

4129 South Bronson Ave

4129 South Bronson Ave
2bd, 1ba, 1,468 sq ft in Leimert Park
Was asking $640,000 and sold for $665,000

This dreamy Leimert Park spanish home has vintage details throughout: original hardwood floors, arched doorways, 12-foot ceilings, a tiled fireplace, wrought iron details, and a spectacular picture window. It even has it’s original art deco tiled bathroom with a separate tub and shower (my heart be still)! All this plus easy accessibility to Liemert Park Village, Baldwin Hills Crenshaw Plaza, and the brand new Crenshaw netro line.
What’s the catch: Not much of one with this place, other than a somewhat small backyard. This home wins best mix of location, character, and size for this price point by a mile.

2687 Carleton Ave

2687 Carleton Ave
2bd, 2ba main house + 1bd/1ba guest house, 1,232 sq ft in Cypress Park
Asking $669,000 and sold for $700,000

This adorable remodeled 1915 farmhouse in up-and-coming Cypress Park has what every buyer right now is looking for – a garage converted into a bonus living space complete with a kitchen, bedroom, and bathroom.
What’s the catch? The garage conversion likely isn’t permitted and all that concrete around the backyard and sides of the home lends a bit of a cold feel to an otherwise warm vintage vibe.

553 Neva Pl

553 Neva Pl
2bd, 1ba, 952 sq ft in Highland Park
Asking $599,500 and sold for $695,000

This great little 1926 character bungalow has gleaming original hardwoods, woodwork, and vintage details to spare plus spectacular views. Located in a great corner of Highland Park close to the action on both Fig and York.
What’s the catch? Small rooms and not much square footage, some deferred maintenance, and a terraced backyard. Still a gem though!

719 Sierra Bonita Ave

719 Sierra Bonita Ave
2bd, 1ba, 1,113 sq ft in Pasadena
Was asking $595,000 and closed for $670,000

This 1924 bungalow is in a great pocket of Pasadena. Featuring a Batchelder fireplace, hardwood floors, original casement windows, and French doors opening from the master to a lovely brick patio.
What’s the catch? This home is on a small lot with a very small patio as a backyard, but depending on the level of maintenance you prefer and outdoor space you need this could also be seen as a bonus.

154 Mendocino St

154 Mendocino St
2bd, 2ba, 976 sq ft in Altadena
Was asking $619,000 and sold for $660,000

This lovely Altadena bungalow sits on a lush private lot, gets great sunlight, and has nicely sized bedrooms with a private master bath. Bonus points for being a couple of blocks away from beloved neighborhood eatery Lincoln!
What’s the catch? Altadena is still considered too tucked in for some buyers, but some may see that as a bonus.

What to expect with a $600,000 – $700,000 budget: This price point is the entry level for many first-time homebuyers making it one of the most competitive in Los Angeles. Most homes will be hovering just above or below 1,000 sq ft and will likely need a little work. It looks like bidding wars in areas like Pasadena and Altadena have picked up but not quite to the frenzied level of the Eastside (yet).
It’s not unusual for homes to go $50,000 or more over their asking price. Depending on the level of finishes and what neighborhood you’d like to be in, it’s safe to shop about $50,000 – $100,000 under budget to give yourself wiggle room for bidding wars ,closing costs, and unexpected repairs. 

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Summer 2017 Market Update: Homes Between $600k – $700k

In this series we’re taking a look at homes sold at various price points around LA’s Eastside in the first half of 2017. Since homes in today’s market rarely sell at their asking price, we’ll be focusing instead on selling price. What will a budget between $600,000 – $700,000 get you in Eastside LA and what kind of process should you expect? Read below to find out.

708 N. Adams St

708 N. Adams St: This Spanish home in the Woodbury pocket of Glendale is about 100 feet from the highway and has 2 different apartment buildings staring down at it but if you can get past that it’s oozing with original Spanish character featuring a fireplace, leaded glass, hardwood floors, arched doorways, updated kitchen & bath, plus access to Glendale’s top-rated schools. Was asking $649,000 and sold for $669,000.

768 Museum Dr

768 Museum Dr: Attention tiny home fans! What this little 1bd 683 sq ft bungalow lacks in square footage, it makes up for in character, updates, and serene outdoor space. Sitting on a woodsy lot on the edge of Moon Canyon in Mt Washington, you’ll probably spend much of your time hanging out on the almost 400 sq ft of decking or gardening in your shaded yard. This sits in one of the most coveted school districts in LA, but would be a tight fit for kids. Was asking $525,000 and sold for $665,000.

4906 Granada St

4906 Granada StThis 2bd 926 sq ft Spanish bungalow on a corner lot in Highland Park has been updated with refinished floors, new appliances, marble countertops, new decking, and 2 bathrooms. Was asking $649,000 and sold for $670,000.

564 Meridian Terrace

564 Meridian TerraceThis 824 sq ft Highland Park Bungalow has been updated with modern finishes but also retains it’s original hardwood floors, built-ins, and vintage vibe. The xeriscaped backyard is crowned by a garage that’s been converted to a work studio with water, power, and casement windows. Was asking $659,000 and sold for $690,000.

3625 Edenhurst Ave

3625 Edenhurst Ave: This Atwater Village home comes tenant occupied and in need of updates and repairs but it’s walkable to dozens of great shops and restaurants and in addition to the 1,369 sq ft main house this one has an entire secondary structure behind it – just imagine the short-term rental income potential! Was asking $679,000 and sold for $655,000.

5970 Graciosa Dr

5970 Graciosa Dr: Yes you can still get a home in the Hollywood Hills under 1 million! It’s on a teeny-tiny steeply sloped lot and needs work but this 794 sq ft cottage comes with hardwoods, a bonus loft space, vaulted ceilings, and peek-a-boo views. Was asking $699,999 and closed for $685,000.

329 Vista Pl

329 Vista Pl: This 1,325 sq ft craftsman faces a lesser-known mostly unused walk-street and is accessible from the alley behind the home, which is technically Fisher St. That puts most guests entering the home through the back door and kitchen. If you can get past the backwards orientation it’s a great home in a historic pocket on a private lot with a ton of potential. Was asking $575,000 and sold for $605,000.

Birch St

2622 Birch St: This Alhambra Spanish character home could use a scrubdown and some serious updates but it’s got a massive 8,000 sq ft flat backyard with a pool, Batchelder tile, built-ins, and I would be willing to bet there are some hardwood floors under that old carpet. Plus it’s in a super family-friendly area with a great school district. Was listed for $510,000 and closed for $670,000.

What to expect with a $600,000 – $700,000 budget: This price point will give you plenty of options, depending on whether size, finishes, or location is most important to you. You can find a small updated home in a hot area or a larger home that needs some work in a more off-the-radar area.

Like the ones under it, this too is a competitive price point with multiple offers being the norm so it’s good practice to set your search about $100,000 under budget, leaving some wiggle room for a potential bidding war, closing costs, and any unexpected repairs you may encounter. Ready to start looking? Click below to see what’s on the market now and click here –> to contact me today!