CurbedLA: Q&A with Tracy Do

A few days ago CurbedLA invited Tracy to be a guest on the Friday Open Thread- a weekly forum in which readers gather to discuss topics of interest and ask questions of the invited experts. Tracy got to answer some great questions about the neighborhoods we serve – here is a fragment of the chat with Tracy and Jenna Chandler of CurbedLA, discussing the merits of buying homes in some of ours favorite North East LA areas. To get more of Tracy’s insight and to read the whole conversation, head over here.

Jenna Chandler:

Tracy, thank you so much for joining us! We’ve heard Cypress Park and Glassell Park are going to be this year’s “it” neighborhoods. Are you seeing interest peak in those neighborhoods right now? And what do you think the appeal is?

Tracy Do:

Absolutely interest is peaking in Glassell Park and Cypress Park, for the reason that they are well-located neighborhoods that are adjacent to already-established enclaves. Both are directly adjacent or at least very near to Atwater Village, Eagle Rock, Highland Park and Mt. Washington. Downtown is close, as are Echo Park and Silver Lake. It’s a nice option for buyers, especially as prices everywhere are climbing. These two neighborhoods represent a nice opportunity for buyers looking to get into the housing market.

CurbedLA

 

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Neutra VDL House

Great news about the Neutra VDL House being named a National Historic Landmark. As announced by U.S. Department of the Interior’s: “The Neutra Studio and Residences (VDL Research House) in Los Angeles, California, is associated with Richard Neutra, a nationally and internationally seminal figure of the twentieth century Modern movement in architecture. During the 1940s, as Neutra’s work evolved, he also became the well-recognized founder of mid-century “California Modern” architecture. The VDL Research House is the only property where one can see the progression of his style over a period of years and is among the key properties to understanding the national significance of Richard Neutra.”

Here’s the old master himself, at 74, sitting on the VDL House II deck, deep in thought before the landscape.
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Photo by Julius Shulman, courtesy of the Getty Research Institute.

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Coming in 2017

Experts agree that small-lot housing is an important solution to Southern California’s housing crisis. Here’s a great piece in the LA Times focusing on the small lot home as both an affordable option in a market of scarce offerings and a step towards urban renewal and smarter use of space. This is why here at Tracy Do Real Estate we are proud to represent several small-lot communities in LA that are available now or coming very soon in the new year 2017. Take a look below – maybe one of them is right for you?

Manzanita – New Homes for sale at Sunset Junction in Silver Lake

Covo – New Homes for sale in Silver Lake

The Hampshire – Contemporary New Homes in Los Feliz

The ERB – New mixed-use + single family residences in Eagle Rock

The Glen LA – New collection of single family homes in the Valley Glen

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This Silver Lake of ours

What does the future hold for the Silver Lake reservoir, a veteran of LA water infrastructure system? Built in early 20th century by William Mulholland to serve as an alternative source of water should the aqueducts fail, the reservoir was drained following a change in regulations that required reservoirs to be covered. A voided basin at the moment, it awaits the spring when, according to City Councilman David Ryu, it will be refilled once again.

In the meanwhile, the dusty void poses a gaping question that Silver Lake Forward, a group of community enthusiasts invested in the future of the lake, seek to answer with design assistance of Mia Lehrer + Associates. Archdaily reports that the group’s conceptual plan “aims for the gradual reintroduction of natural landscape ecologies by artificially raising the reservoir’s floor and converting the complex into a 31-acre park. The scheme features lookout points, boardwalks, and a series of small islands set aside for roosting water birds.” This certainly sounds like an exciting preposition! Check out Silver Lake Forward to learn more about this plan, and if you are curious about the way that the state of the reservoir affects Silver Lake real estate market, take a look at the story over at Eastsider that features Tracy Do and Rob Kallick of Sotheby’s International Realty as they weigh in on this important issue.

 

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Tracy Do in the News

Tracy Do in US News

Tracy was consulted for, and is quoted in, a great article by Emily Manthei. If you’re thinking about selling your home in Silver Lake, Echo Park, anywhere on the Eastside, it’s a must-read. Find it here.

And never hesitate to call us! We’re here to help prepare your home for market, set the right price and get it sold quickly for the highest possible value. Find us anytime at tracydo.com.

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Four on a Lot in Glassell Park

Among our newest listings is this remarkable property, a fourplex in Glassell Park. The street-to-street compound includes a gorgeous, completely remodeled 2000+ square foot Spanish style home plus three casitas, aka the rental units of your dreams.

 

Here’s the upstairs Master Suite of the main house which has a fireplace, walk-in closet, a stunning attached bathroom with clawfoot tub, two patios and gorgeous, panoramic views of the surrounding hillsides.

 

The casitas are arranged around a courtyard, completely detached with their own meters for gas and electric plus laundry hook-ups. Best part? VACANT! All of them. You can move right into the main house and start renting out the casitas at market rates.

The open house schedule and contact info is on our website, tracydo.com.

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Let the Builders Build

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If you are looking to buy a house on the Eastside, you already know the story: prices are rising. Read this fascinating article on Medium and you will understand why the Tracy Do team supports the development of new housing in LA.

We’re not saying that homes should be built “wherever.” But make no mistake, sensible urban density is the only answer moving forward. Without it, our crisis of soaring rents and a lack of affordable entry-level housing will only get worse, just as it has for our upstate neighbors in San Francisco.

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A Simple Matter of Supply and Demand

From today’s Los Angeles Times, and this is certainly the primary reason behind the high cost of local housing right now. Another more underlying factor, in our experience, is that we see a lot more buyers moving here from other places, namely NYC and the SF bay area.

Believe it or not, our market is “a bargain” compared to theirs.

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As frustrating as this is — don’t be frustrated. We can help, and will show you around pockets throughout the Eastside communities that we serve where prices are more attainable for many buyers.

Contact us anytime at tracydo.com.

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The E.R.B. = New Homes in a Great Location

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Our upcoming listing The E.R.B. is close to Habitat Coffee, Pop-Hop Books, Matters of Space, Café de Leche and a whole lot more. It rates an 83 Walk Score (TM) — that’s really high! Can you imagine living in a brand new and very spacious modern home near all of these great places?

Lemon Poppy Kitchen • Auntie Em’s • Glassell Park Rec Center • Crossfit Eagle Rock • Starbucks • Highland Cafe • The York • Recess • The Hermosillo • Social Study • Scoops • Donut Friend • Wombleton Records • Namaste • York Park • So many others!

The E.R.B. is currently under construction at 4320 Eagle Rock Blvd, 90041. Expected availability in Fall/Winter 2016.

Join the interest list at www.theerb.com or email mark@tracydo.com for more info.

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Saturday = All Day Awesomeness in HP

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This will be a GREAT time, spending part of your Saturday getting to know the burgeoning Figueroa corridor of Highland Park. We have sold many homes in this area and couldn’t be more excited about all the great things going on. Hope to see you there!

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