Tim Logan of the LA Times reports that “sales of newly built homes in the U.S. surged in August to their highest level in six years” which translates to “another indication of a housing market that is starting to stabilize.”

And meanwhile…

This just opened in the Arts District of Downtown LA.

It’s a perfectly nice 438-unit building, and we have nothing against it. However the rents, according to the LA Times’ Andrew Khouri, “range from $1,680 a month to more than $4,000.”

Bust out your calculator and do some simple math. For roughly $500,000, you can buy a brand new, state-of-the-art home at NELA Union that has 3 levels, 2 bedrooms, 2.5 bathrooms and 1180 sq. ft. of living space — plus an attached two-car garage. It even has a private ground-level patio. Best of all, it’s yours. The hard-earned money you pay each month goes toward your bottom line, not someone else’s.

Plan 1 Home at NELA Union: 2 bedrooms, 2 bathrooms, approx. 1180 sq. ft.

Seriously, do the math. 10% down, 20%, FHA borrowers, all are welcome at NELA Union which is by far the best value among new Eastside developments. People are already living here and more will be unpacking this very weekend, getting settled in their own homes, centrally located in one of LA’s hottest neighborhoods, Glassell Park.

We’d love to show you around, and can do so daily from 10am to 5pm. If you have questions, please email to info@nelaunion.com or call 626-204-7109.

You can also reach us anytime at Tracy Do Real Estate.

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