Three Little Homes That Sold for Big Bucks in NELA
By Jeffery Marino
The premium that buyers are willing to pay for small houses is exploding. Here are three examples of just that!
Category: Jeffery Marino
NELA Real Estate: Rents in NELA Are Lower Than in Most of L.A. So Why Do I Feel Squeezed?
By all accounts, L.A. is one of the most expensive cities in America. With median home prices in Eagle Rock, Glassell Park and Mount Washington now approaching the million-dollar mark, NELA is officially among the priciest housing markets in L.A. But not everyone on the Eastside is a homeowner. In fact, renters account for the […]
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NELA Real Estate: Echo Park Home Prices Have Been Dropping. Will Prices in NELA Follow?
Echo Park is the only neighborhood on the eastside of L.A. where homes are now selling for less than they did a year ago, according to a review by the Boulevard Sentinel of 10 eastside neighborhoods tracked by Redfin.com From March through May 2018, monthly home prices in Echo Park have declined year-over-year, with the […]
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NELA Real Estate in 2018: Big Money and Big Issues at Stake in Regulating Short-Term Rentals
Los Angeles is awash in short-term rentals (STRs) and neighborhoods in Northeast L.A. are no exception. A recent glance at Airbnb and other STR sites turned up 251 offerings in Highland Park at an average rate of $98 per night, 159 in Eagle Rock at an average rate of $159 per night and 118 in […]
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NELA Real Estate in 2018: Adding a Rental Unit to Your Home Has Never Been Easier
Laws passed in 2016 and 2017 have made it easy to convert garages into apartments, renovate back houses and build new free-standing apartments in one’s backyard. Homeowners seem to love the idea: In the year after the new laws took effect, nearly 2,000 applications were filed in Los Angeles for building permits for “accessory dwelling […]
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NELA Real Estate in 2018: Want to Buy a Fixer-Upper? Good Luck.
It’s no secret that many houses for sale in NELA in recent years have been flipped by investors who buy, remodel and quickly re-sell them for big profits. What is (somewhat) surprising is that investor buying remains strong even at today’s high prices – and that homebuyers are still paying up for recently rehabbed […]
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NELA Real Estate in 2018: No Slowdown in Sight
It’s cliché at this point to say that the real estate market is “hot” in Northeast Los Angeles. It has been five years since Redfin, a real estate firm, ranked Highland Park as the nation’s hottest neighborhood and four years since Eagle Rock came in second in that same ranking. 2017 was yet another blockbuster […]
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