Listen: LA Housing Market Tightens Up

Inventory is down, heralding the return of bidding wars, all-cash offers… it can tough to be a buyer these days. On KPCC’s “Take Two” this morning, host Tess Vigeland spoke about the housing market with Chris Thornberg of Beacon Economics. Says Thornberg, “We knew this was coming. I just don’t think anyone expected it to be quite as dramatic as it has turned out to be.” Their 7-minute conversation is worth your time. Find it here, and be sure to click the “listen now” button on the left.

 

There are several takeaways here, among them the fact that in a tight marketplace like this you need a competitive edge. Put yourself in business with the people who will work hardest for you: the experienced, approachable and always professional team at Tracy Do Real Estate.

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

This entry was posted in: Deals

2431 Tesla Terrace 90039

2431 Tesla Terrace 90039

Beautiful French Chateau Style Home in the Ivanhoe School District of Silver Lake
Offered at: $1,199,000

Status: Sold
Type: Single Family / Bedrooms: 3 / Baths: 2
Living Area:1,790 Square Ft. / Lot Size: 5,382 Square Ft.

Profiled in the current edition of Country Gardens Magazine, 4 blocks from Ivanhoe Elementary, 2 blocks from the Silver Lake Reservoir, this graceful French Chateau Style home has 3bds/2bas. A beautifully landscaped stream greets your arrival. Contemporary updates have left period details including original red oak floors, barrel-shaped ceiling, arched passthroughs, French windows & doors. Kitchen includes a breakfast area, walk-in pantry + laundry nook. Quartz countertops, dark wood cabinetry, subway tile backsplash, Asko dishwasher, five-burner GE Profile cooktop and a genuine 1950’s Tappan oven. Master bedroom has French doors opening to a private back yard, perfect for quiet times or entertaining. Bathrooms have been modernized with tile work and designer fixtures. Storage space is abundant, 2 of the bedrooms with walk-in closets + a main hallway closet that feels like a room. Attached 2-car garage can be directly accessed from the house.

This entry was posted in: Silver Lake Homes for Sale, Sold Listings

The “Mortgage IQ Test”

 

Our friends at the Zillow Blog have come up with a Mortgage IQ Test which “showed that prospective home buyers answered very basic mortgage questions wrong nearly one-third of the time.” You can take that test yourself here if you’d like. And once you have…

 

Get in touch with us here at Tracy Do Real Estate. Whether you got those questions right or wrong, it’s not an issue when you work with trained, experienced realtors like ourselves. Step-by-step, we will guide you through every phase of the home buying process; from securing a loan that fits your needs to closing on the property you always wanted. Don’t let a mortgage loan be the reason you stay out of the market. Contact us anytime. Even if it’s just to ask a few questions, or clarify some things — we can help! And we’re happy to be at your service.

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

This entry was posted in: Deals

5326 Stratford Road in Highland Park

List Price $469,000

2 bedrooms • 1 bathroom

1,005 sf • 3,400 sf lot

New from Tracy Do Real Estate: Built in 1930, this Spanish Style home has been tastefully updated, providing a fresh, modern feeling with period details intact.

The two bedrooms have plenty of natural light and good-sized closets. The remodeled bathroom is pure style and luxury. The kitchen has been remodeled with Corian countertops and a beautiful backsplash chosen from Mission Tile in South Pasadena. The living and dining rooms have details such as vintage sconces and archways and coved ceilings. An office nook in the kitchen is perfect for soaking in the morning rays. Wood, tile and linoleum flooring flows throughout the home.

The front patio and backyard sitting area are both set amidst drought-tolerant landscaping that’s inviting and easy to care for. This very nice street in Highland Park is lined with single-family homes, just a few short blocks from the shopping+dining on York Blvd.. There’s ample space for off-street parking, plus a garage.

A full photo walk-through can be found at 5326stratford.com. For a tour, contact Tracy Do Real Estate.

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

This entry was posted in: Deals

1716 Griffith Park Blvd. in Silver Lake

List Price $925,000

TRIPLEX: 1 bedroom + 1 bathroom | studio + 1 bathroom | studio + 1 bathroom

1,646 sf • 8,800 sf lot

We’re pleased to present our new listing, exclusively from Tracy Do Real Estate. This owner/user triplex is centrally located in Silver Lake and offers vintage Bungalow styling in a private, woodsy setting.

The owner’s unit (delivered vacant) is a detached one bedroom + one bathroom home with a large backyard and a front deck featuring views to the Observatory, Hollywood Sign and beyond.

The two additional units are a studio apartment above a 1-car garage that has a separate kitchen and good sized bathroom, plus a ground-level studio with a sleeping loft and its own patio. All three of these living spaces have lots of windows and a rustic, airy feel highlighted by open-beam ceilings and rich woodwork floors and walls. Pathways, nooks and sitting areas punctuate a yard that is shaded by mature trees and landscaping. Close to shopping and dining, this is a very versatile property; a place to live with income, or simply invest in one of the better parts of Silver Lake.

For more photos head to 1716griffithpark.com. For a private showing, contact Tracy Do Real Estate.

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

This entry was posted in: Deals

1716 Griffith Park Blvd. 90026

1716 Griffith Park Blvd. 90026

Unique & Private Triplex in Silver Lake
Offered at: $925,000

Type: Multi-Unit / Units: 3 / Bedrooms: 3 / Baths: 3
Living Area:1,646 Square Ft. / Lot Size: 8,842 Square Ft.

This owner/user triplex is centrally located in Silver Lake and offers vintage Bungalow styling in a private, woodsy setting. The owner’s unit (delivered vacant) is a detached one bedroom + one bathroom home with a large backyard and a front deck featuring views to the Observatory, Hollywood Sign and beyond. The two additional units are a studio apartment above a 1-car garage that has a separate kitchen and good sized bathroom, plus a ground-level studio with a sleeping loft and its own patio. All three of these living spaces have lots of windows and a rustic, airy feel highlighted by open-beam ceilings and rich woodwork floors and walls. Pathways, nooks and sitting areas punctuate a yard that is shaded by mature trees and landscaping. Close to shopping and dining, this is a very versatile property; a place to live with income, or simply invest in one of the better parts of Silver Lake.

 

This entry was posted in: Income Property for Sale, Silver Lake Homes for Sale, Sold Listings

5326 Stratford Road 90042

5326 Stratford Road 90042

Updated 1930’s Spanish Style Home in Highland Park
Offered at: $469,000

Status: Sold
Type: Single Family / Bedrooms: 2 / Baths: 1
Living Area: 1,005 Square Ft. / Lot Size: 3,400 Square Ft.

Built in 1930, this Spanish Style home has been tastefully updated, providing a fresh, modern feeling with period details intact. The two bedrooms have plenty of natural light and good-sized closets. The remodeled bathroom is pure style and luxury. The kitchen has been remodeled with Corian countertops and a beautiful backsplash chosen from Mission Tile in South Pasadena. The living and dining rooms have details such as vintage sconces and archways and coved ceilings. An office nook in the kitchen is perfect for soaking in the morning rays. Wood, tile and linoleum flooring flows throughout the home. The front patio and backyard sitting area are both set amidst drought-tolerant landscaping that’s inviting and easy to care for. This very nice street in Highland Park is lined with single-family homes, just a few short blocks from the shopping+dining on York Blvd. There’s ample space for off-street parking, plus a garage.

This entry was posted in: Highland Park Homes for Sale, Sold Listings

Cost to Rent in LA County Heading ⇡

From our friend Eve Bachrach at Curbed: “A new report predicts that LA County will see average rents jump 4.5 percent this year, a record increase and more than double last year’s. The brokerage firm Marcus & Millichap blames low inventory and a rebounding job market.” Her full story can be found here.

 

For some people, renting makes sense. For others, their desire to buy is hampered either by finances, a lack of “affordable” homes — or a lack of homes in general in this tight LA real estate market. If any of those sound familiar, we encourage you to connect with us at Tracy Do Real Estate. Your search for a “rent alternative” gets a lot easier when you’ve got professionals working for you; we do this all day, every day. Whether it’s exploring emerging neighborhoods, alerting you to under-the-radar “pocket” listings, or connecting you with lenders and loan programs that suit your needs, we’re here to help. There’s no obligation, no up-front costs. Just advice and guidance from friendly, knowledgeable people who are very good at listening.

Rents keep rising. Yet the cost of taking out a mortgage loan is near an all-time low. Let’s kick your home search into high gear. Call, text or email anytime to Tracy Do Real Estate.

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

This entry was posted in: Deals