1950 Modern (x 2!)

Both need work, but that won’t deter people. These two mid-century gems are likely to be snapped up quickly, so call me asap if you want to take a look.

House #1: List Price $799,000

3BDs/1.75BA in 1,918sq. ft./lot size 6,797 sq. ft.

The “Par 4 House” in prime Mt. Washington is on the market for the very first time. What an opportunity. It has three gently sloping bonus lots and views clear to Catalina Island.

Can you say “original?” The place is virtually untouched, although the third bedroom was added in 1960 (by the original designer/builder). It’s near the coveted Mt. Washington Elementary School and is a trust sale, offered “as is.”

House #2: List Price $399,000

3BDs/2BA in 1,592sq. ft./lot size 7,557 sq. ft.

This second 1950 home is located on a nice street in up-and-coming Glassell Park. As you can see it has a pool and also features sweeping city-lights views.

Plenty of room to move around in here, which means lots to work with as you update this house and make it your own. Like the first property, this is a trust sale offered “as is.”

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Mt. Washington listing courtesy of Hattie Ramirez, Coldwell Banker – Los Feliz

Glassell Park listing courtesy of Jeff Yarbrough, Keller Williams Beverly Hills

This entry was posted in: Deals

FYI Quick Read…

There was good article this past weekend in the La Canada Valley Sun concerning the latest turn (no pun intended) in the 710 Freeway extension debate. Seems CalTrans/LA Metro have taken all “surface route” options off the table, which is great news for some but continues to anger residents of northeast LA communities like Pasadena and La Canada Flintridge, among others.

 

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Stately English in Pasadena

List Price $2,450,000

4BDs/4.5BA in 4,713sq. ft./lot size 25,143 sq. ft.

I previewed properties in Pasadena’s San Rafael Hills today and here’s a standout. Sitting behind iron gates on lush grounds, this sprawling home has the feel of a proper estate — including a detached guest house with kitchenette for your “staff” (or parents, or post-college child, or out-out-town guests…)

Definitely has one of the coolest living room ceilings I’ve ever seen, as well as many other details plus all the modern updates that you’d expect. Believe it or not this a “newer” home (built in 1980). And the pool area will transport you to another place. Want to take a look? Contact me here.

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Listing courtesy of Gretchen Seager, Sotheby’s International Realty

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Print Out Your Home and Snap it Together

Sounds far fetched, right? Well read this article on the Fast Company Design website about a very cool “kit” house near Copenhagen, DK. Using digital fabrication and a rapid-prototyping machine, it was built in just six weeks at a cost of $300,000.

“The benefit of the technique is that it cuts back on many of the environmentally unsustainable practices of standard residential construction,” writes Suzanne Labarre in her piece. “The next step, the architects say, is to offer on-site, digitally fabricated houses to the public.”

Keep your eyes out for vacant lots, people. I know I will.

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Photos courtesy of eentileen architecture, Facit Homes and Fast Company Design

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Buy or Rent? Do the Math

 

 

 

 

 

As I’ve written in recent posts, buyers are definitely outnumbering sellers these days, which is driving up the demand for houses — and driving up prices too. Yet the cost to rent has risen as well because, with low vacancy rates, landlords have leverage. So does it make more sense to buy in this climate, given that rents are high and interest rates remain low? Michelle Higgens’ article in the NY Times this past weekend ventures to find out. Four couples are put under the math microscope and for three of them, buying makes more sense from a sheer numbers standpoint. Obviously there are many variables in the own vs. rent equation, and the NY market has its own nuances. But if you see a bit of yourself in that article and would like to crunch your numbers, I can help. Get in touch with me here and we’ll see what’s best for you.

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Photos courtesy of archdaily.com

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Altadena Tudor is Above it All

List Price $649,000

3BDs/1.5BA in 1,455sq. ft./lot size 7,681 sq. ft.

I previewed homes in Pasadena and Altadena today and really like the value on this charming English Tudor near the top of Fair Oaks Ave. So green up there with trees and shade. Feels like another world.

The house was built in 1926 and has many original details to go along with modern updates, like a chef’s kitchen, central heat and air conditioning. Definitely worth seeing and the price is right, so drop me a line and we’ll go check it out.

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Listing courtesy of Richard Von Ernst, Sotheby’s Int’l Realty, Pasadena

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Prices ⇡ Inventory ⇣

The LA Times’ Alejandro Lazo reports this morning that regional prices hit a four year high as buyers compete for fewer and fewer homes in “desirable” neighborhoods (like prime Silver Lake, shown above). I’ve been talking about this for weeks now. Speaking from the trenches of local real estate, I’ve seen that low inventory, even in “up-and-coming” neighborhoods, has created fierce competition. Houses that look good and are priced well sell quickly, like my recent listing on Hill Street in Eagle Rock that had an all-out bidding war. So I will reiterate that now is a great time to sell. For an expert and always-complimentary price opinion, get in touch with me here. And if you’d like to see the very cool Silver Lake house pictured above (list price just over $1.6M) I’m happy to arrange it.

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Listing courtesy of Andrew Morrison, Sotheby’s Int’l Realty, Los Feliz

This entry was posted in: Deals