A January Jump as Mortgage Rates Drop

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From the LA Times’ Andrew Khouri: “More California homes went under contract last month, as buyers showed signs of life heading into the spring season” Things had been flat since October, but a nearly 23% surge in sales from December to January indicates growing “confidence in a market that cooled after a torrid rebound early last year.”

 

So things look pretty healthy right now, especially for sellers. Local inventory remains low, and while we’re seeing less in terms of all-out bidding wars, the homes that receive proper pricing and marketing sell quickly (usually with multiple offers). Not the best environment for buyers, maybe, but they get some good news too given that interest rates just ticked down again. In fact, in a bit of a surprise, mortgage interest rates are currently hovering near 4%, a really good deal for borrowers.

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Is your home search stuck in neutral? Better get it moving — before those rates rise again as they’re predicted to. You might be relying on Zillow, Trulia or any number of web-based services to find your home. But those very handy tools can’t possibly compete with a locally knowledgable and massively connected team of realtors like us. For 2013 we ranked #1 at the John Aaroe Group in closed home sales. And our services for buyers won’t cost you a thing.*

Contact us anytime at Tracy Do Real Estate.

*Our compensation comes from the selling-side of the transaction, after the successful close of escrow.

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This entry was posted in: Seen

NELA Union in the Home Stretch

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We’ve grown accustomed to having good days at Tracy Do Real Estate, but some are even better than others. Today was special, as we toured the nearly-complete model homes at our great new listing in red-hot Glassell Park: NELA Union Modern Homes.

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Here’s the dining and kitchen area of our Floor Plan 1 model, a generously-proportioned 2 bedroom, 2.5 bathroom home of approximately 1200 square feet (not including the attached 2-car garage). Considered as NELA Union’s “entry level” home, it will cost in the range of high $400,000’s to low $500,000’s. Note the doorway in the center of the photo — it leads to a spacious 2nd level balcony that looks out on NELA Union’s community garden.

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Floor Plan 3 is a 3-bedroom, 3.5 bathroom home of approximately 1550 square feet. The design and staging of these models come courtesy of our great friends, Highland Park’s Matters of Space.

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Here’s the living, dining and kitchen area of a Floor Plan 4, NELA Union’s most spacious offering with 4 bedrooms, 3.5 bathrooms and approximately 2000 square feet. This gorgeous home will be priced in a range between the high $500,000’s and low $600,000’s.

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No matter which Floor Plan you choose, all NELA Union residences have dual-sink “floating” vanities in the Master Bath, among many other cool standard features. Learn more at www.nelaunion.com, and be sure to hit the contact button. Tell us who you are and get on the invite list to our Grand Opening, expected as soon as late March or early April.

If you have questions about NELA Union, or any other homes for sale on the Eastside, Northeast LA or Pasadena, we’d love to hear from you. Find us anytime at Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

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Live in LA’s 1st Bike-Friendly Business District

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This is fantastic news, reported on the LA Department of Transportation Bike Blog. Elizabeth Gallardo writes: “A BFBD (Bicycle Friendly Business District) is a partnership between the City, neighborhood and business organizations, and local businesses that improves a business district’s Bicycle Friendliness through bicycle infrastructure and local business promotions to people travelling by bicycle. The district encourages and promotes short, local trips, especially for shopping, dining and recreation.”

At Tracy Do Real Estate we are particularly thrilled since the Bicycle District includes our new listing, NELA Union Modern Homes. Located on Eagle Rock Blvd. just a few blocks south of York, these brand-new and very earth-friendly homes in Glassell Park are an address that any home seeker should consider. We’re unveiling them in just a few short weeks, at a Grand Opening party that will include food from NELA’s own Lemon Poppy Kitchen. To get on the invite list, head here.

For further perspective on the BFBD, head to the EastsiderLA and Curbed.

To receive new listings by email, or to schedule a viewing click here!

This entry was posted in: Seen

645 W. 9th Street #339 in Downtown LA

800 sq ft loft with 1 bathroom + balcony

Offered for Lease at $2200/mo

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Exclusively from Tracy Do Real Estate comes a gorgeous loft in a great location, offered for lease. Contemporary design features high ceilings and a wall of glass that opens to a balcony overlooking a shimmering pool.

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The modern kitchen includes plenty of counter space and stainless steel appliances. There is wood flooring throughout and a large walk-in closet.

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Built in 2006, this unit is clean, secure and packed with amenities including a community “club room” by the pool along with a BBQ area and spa.

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There is a gym and a screening room with a full kitchen, available to residents for watching movies and sports with lots of your friends.

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It is central to all of downtown LA with a Ralphs market right downstairs. The lease includes one parking space. For more gorgeous photos head here.

To book a showing, contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

This entry was posted in: Seen

645 W 9th St., Unit #339 90015

645 W 9th St., Unit 339
645 W 9th St., Unit 339
645 W 9th St., Unit 339
645 W 9th St., Unit 339
645 W 9th St., Unit 339
645 W 9th St., Unit 339

645 W 9th St., Unit #339 90015

Contemporary Downtown Loft for Lease!
Offered for Lease at: $2,200/mo.

Status: Leased
Type: Loft / Baths: 1
Living Area: 800 Square Ft. / Year Built: 2006

A gorgeous loft in a great location. Contemporary design features high ceilings and a wall of glass that opens to a balcony overlooking a shimmering pool. The modern kitchen includes plenty of counter space and stainless steel appliances. There is wood flooring throughout and a large walk-in closet. Built in 2006, this unit is clean, secure and packed with amenities including a community “club room” by the pool along with a BBQ area and spa. There is a gym and a screening room with a full kitchen that is available to residents for watching movies and sports with lots of your friends. Central to all of downtown LA with a Ralphs market right downstairs. The lease includes one parking space.

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This entry was posted in: Condos for Sale, Downtown LA Homes for Sale, Loft for Sale, Sold Listings

1456 Calumet Avenue in Echo Park

List Price $829,000

Four units with 1 bedroom • 1 bathroom • office/den

4,288 sq ft • 4,237 sq ft lot

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Own a piece of LA History and so much more with this Angelino Heights Craftsman fourplex vintage 1912. It’s an exclusive offering from Tracy Do Real Estate.

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All four units feature one bedroom, one bathroom and an office/den, with original character elements like crown molding, pocket doors, Murphy bed closets and decorative fireplaces.

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One upper unit has been tastefully renovated with a new kitchen and bath to go with rich darkwood floors and gorgeous tile.

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Upgrades include updated electrical, furnace, roof, copper plumbing and newer paint inside and out (approved by the Angelino Heights HPOZ).31814_20This Mills Act-eligible property offers tremendous upside given its location and potential for cash-flow. It has a flat yard, a huge bonus space and three detached garages, all in a storied historic enclave near Echo Park Lake. The icing on the cake? Spectacular views of Downtown LA.

The fourplex is currently tenant-occupied. A private viewing requires the submission of an offer or letter of intent with supporting financials. Start by taking this gorgeous photo tour at calumentfourplex.com.

For further info contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

This entry was posted in: Seen

The Return of Glassellland?

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Our friends at The EastsiderLA and Curbed report that efforts are underway to restore the much-loved and greatly-missed Glasellland sign. Fundraising has begun on Indiegogo with the hope of returning the marker to a yet-to-be-determined (and/or possibly secret) location in the Glassell Park hills.

We’re huge fans of the sign, and loved seeing it as part of the view from our new upcoming listing, NELA Union Modern Homes. Apparently we’re not alone. As of this posting the artist, identified only as “Justin,” has raised $1450.00 toward his very worthwhile cause (his goal was only $500). Looks like the sign is returning and we couldn’t be happier about it.

This entry was posted in: Seen

1456 Calumet Avenue 90026

1456 Calumet Ave.
1456 Calumet Ave.
1456 Calumet Ave.
1456 Calumet Ave.
1456 Calumet Ave.
1456 Calumet Ave.

1456 Calumet Avenue 90026

Craftsman Style Fourplex in Angelino Heights!
Offered at: $829,000

Status: Sold
Type: Multi-Unit / Units: 4 / Bedrooms: 4 / Baths: 4
Living Area: 4,288 Square Ft. / Lot Size: 4,237

Own a piece of LA History and so much more with this Angelino Heights Craftsman fourplex vintage 1912. All four units feature one bedroom, one bathroom and an office/den, with front and rear balconies providing sweeping views of downtown LA. Original character elements include crown molding, pocket doors, Murphy bed closets and decorative fireplaces. One upper unit has been tastefully renovated with a new kitchen and bath to go with rich darkwood floors and gorgeous tile. Upgrades include updated electrical, furnace, roof, copper plumbing and newer paint inside and out (approved by the HPOZ). This Mills Act-eligible property offers tremendous upside given its location and potential for cash-flow. It has a flat yard, a huge bonus space and three detached garages, all in a storied historic enclave near Echo Park Lake.

This entry was posted in: Echo Park Homes for Sale, Income Property for Sale, Sold Listings

2412 Valley View Drive in Echo Park

List Price $199,000

36,590 sf vacant lot

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Exclusively from Tracy Do Real Estate comes this great opportunity for a contractor, developer or dream-home builder: a 36,590 sqft lot at the end of a cul-de-sac in Elysian Heights with views. The sale includes architectural plans for a contemporary, 6,000+ square foot home with infinity pool, theater, and gym/office. Also included are previously obtained geological survey, soil testing, and structural engineering reports.

For more details contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

This entry was posted in: Seen