Eagle Rock Ranks #2, so Glassell Park Ranks…?

Each year, Redfin uses a special cocktail of metrics to forecast the “Hottest Neighborhoods” for the months ahead. It was Highland Park taking #1 last year, and sure enough that enclave has been on a rocket ride of rising home values. But now Redfin has a new darling, Eagle Rock, which they call the second hottest neighborhood in the whole U.S. (San Francisco’s Bernal Heights grabbed #1).

It’s a fine honor and well deserved. Having represented home buyers and sellers in Eagle Rock for many years, we have long been seduced by its hilly, tree-lined streets and the mop-n-pop shops and restaurants lining Colorado Blvd. It even has good public schools(!) But we can’t help wondering: If Eagle Rock is #2 in the whole country, where does that put its very close neighbor to the southwest? For our money, it’s the next next big thing: Glassell Park.

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We speak with some authority here. After all our new listing, NELA Union Modern Homes, is at least a small part of the Glassell renaissance. Still under construction, with first-phase availability scheduled for February, these 3-level residences offer plenty of living space in a brand new, earth-friendy package. Dual-pane windows, tankless water heaters, radiant roof barriers, high-efficiency heat and a/c — the list goes on. There’s a community garden, a dog run, beautiful landscaping everywhere, and views of the gorgeous Glassell Park hills. It all comes with the piece of mind you get when your home is built by Warmington Residential, a nearly 90 year-old company now in it’s fourth generation of family ownership.

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Priced from the mid-high $400,000’s for a 2 bedroom, 2.5 bathroom home of approximately 1200 square feet, NELA Union offers a great way to get into the neighborhood that may well take the “hottest” crown for 2015. Check out Floor Plans and sign up on our interest list at www.nelaunion.com. You can also contact us anytime at Tracy Do Real Estate.

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

This entry was posted in: Deals

FOR LEASE: 2318 Echo Park Ave. in Echo Park

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Offered for Lease at $3600/mo

Exclusively from Tracy Do Real Estate comes this wonderful slice of vintage Echo Park, offered for lease. Near the top of a hill on a tree-lined street, the home greets your arrival with an inviting front porch. Original period details in the living, dining and breakfast rooms are matched with tasteful modern updates in the kitchen and bathroom. The back yard is a private paradise that includes a dining deck, patio and multiple sitting areas set among lush landscaping. A bonus studio will make the ideal home office or creative space. The home provides central heat and air conditioning, laundry and a carport. The cafés and boutiques of this desirable Echo Park neighborhood are mere blocks away.

You’ll find a lot more photos here. For a showing, contact Tracy Do Real Estate.

This entry was posted in: Deals

OPEN HOUSE: Sat. & Sun. Jan. 18th & 19th, 1 – 4 PM

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1312 El Paso Dr. 90065 l Offered at $549,000

Multi-level Contemporary Home in Glassell Park!
Open House: Sat., & Sun., Jan. 18th & 19th from 1-4PM

A great value in fast-rising Glassell Park. This contemporary, multi-level home was built in 1991. High ceilings and large windows enhance the open floor plan that is abundant in natural light. The ground level features an entryway and attached two-car garage providing direct-access to the home. Second level living, dining and kitchen flow together beautifully and are warmed by a lovely fireplace. Two sets of sliding doors make for easy access to a patio and yard, ideal for relaxing, entertaining or al fresco dining. Upstairs bedrooms having soaring ceilings with overhead loft storage, plus the flexibility to use one as your office or den. This centrally-located home is at the foot of Mt. Washington, with easy access to Fresh & Easy Market and the shopping and dining districts of nearby Eagle Rock and Highland Park.

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1312 El Paso Drive in Glassell Park

List Price $549,000

3 bedrooms • 2.5 bathrooms

1,580 sf • 7,219 sf lot

ElPaso1Here’s a great value in fast-rising Glassell Park, offered exclusively by Tracy Do Real Estate. This contemporary, multi-level home was built in 1991. High ceilings and large windows enhance an open floor plan that is abundant in natural light.  ElPaso2From the ground-level entryway and attached two-car garage, there is direct-access to the home. Second level living, dining and kitchen flow together beautifully and are warmed by this lovely fireplace.ElPaso3Two sets of sliding doors make for easy access to a patio and yard…ElPaso5Ideal for relaxing, entertaining or al fresco dining.ElPaso4Upstairs bedrooms having soaring ceilings with overhead loft storage, plus the flexibility to use one as your office or den.

This centrally-located home is at the foot of Mt. Washington, with easy access to Fresh & Easy Market and the shopping and dining districts of nearby Eagle Rock and Highland Park. There are many more photos, check them out at 1312elpaso.com.

For a private 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

Hello 2014: A Glance Back + What’s Ahead

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It’s a new year in the housing market, and for most home owners it begins quite nicely. After all, 2013 saw a record rebound in residential equity as net holdings “soared $2.2 trillion from the third quarter of 2012 to the third quarter of this year,” according to new data collected by the Federal Reserve and reported by the LA Times’ Kenneth R. Harney.

 

For those who don’t yet own their home, but are looking to buy, the picture is a bit more layered. 2014 starts with a piece of good news as the Federal Housing Finance Agency has decided to postpone a proposed hike in upfront fees that many people would pay for a home loan (per Les Christie of CNN Money). However, there is some not-so-great news in that interest rates have crept up, increasing the cost of borrowing (E. Scott Reckerd reports in the LA Times). Rates rise and fall, of course, so this shouldn’t worry anyone too much. The general consensus among economists is that, in this still-recovering economy, rates are likely to rise at least slightly in 2014 — but aren’t likely to shoot through the roof. Taken on balance, this would indicate that buyers should remain active, ie. you should be out looking for that home and lock in your mortgage rate sooner rather than later. Bankrate.com’s Polyana da Costa has some excellent advice for 2014 mortgage borrowers, you can read it here.

Of course, there’s still the issue of inventory — or lack of it. According to the respected John Burns Real Estate Consulting, and reported by LA Curbed among others, the number of new homes put up for sale in Southern California is the lowest it’s been in 20 years (!)

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Maybe that’s why folks are simply purchasing homes and leveling them, leading to a mini construction-boom in some LA neighborhoods as buyers tear down modest-sized houses to make way for bigger ones, as reported by Andrew Khouri in the LA Times.

TDRE_NelaUnion_ESLA_3That might sound extreme, but it’s hardly surprising. Low inventory is one thing; what this market really lacks are options, given that too few existing homes are designed for how today’s buyers want to live. That’s why we’re so excited to present a great opportunity for home ownership that will be available very soon: NELA Union modern homes in Glassell Park. Set within beautifully landscaped grounds that include a community garden and dog run, these residences are being built with open floor plans that can be fully customized in the onsite design lab. With private two-car garages and sustainable elements like tankless water heaters, high efficiency furnaces and radiant roof barriers, NELA Union will not only meet but exceed Title 24 and California green building guidelines. Best of all these stylish, energy-smart homes will be offered at a cost comparable to paying rent. Learn more and sign up on our interest list at www.nelaunion.com.

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

This entry was posted in: Deals

Huge Greenspace Coming to Glassell Park

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Glassell Park has been on a roll lately, and here’s one more reason why real estate values in that neighborhood are likely to rise. As reported by Tony Cella of the Eastsider LA, “The City Council has moved to begin negotiations to buy more than 40 acres of the former Taylor Yard rail yard on the border of Cypress Park and Glassell Park and turn the contaminated land into public green space and restored wetlands along the L.A. River.”

This is great news for so many reasons, and makes us all the more excited about our new listing coming in February: NELA Union Modern Homes in Glassell Park. These spacious 3-level residences feature open floor plans with 2, 3 or 4 bedrooms, with an Eagle Rock Boulevard location just a over a mile and a half from the announced new park.

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Prices start in only the mid/high $400,000’s. You can check out the designs and sign up on our interest list, which currently has over 300 members (!) and is growing fast. It’s all at www.nelaunion.com.

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

This entry was posted in: Deals

3145 Atwater Avenue in Atwater

List Price $689,000

2 bedrooms • 2 bathrooms

1,024 sf • 4,797 sf lot

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Celebrated design+build firm ReInhabit proudly presents this beautifully rendered home, an exclusive offering of Tracy Do Real Estate. The vintage California Bungalow in Atwater has been restored, expanded and thoroughly reimagined. Staying true to their mission, the creative builders have preserved or recycled most of the original structure that dates to 1925, carefully and artfully re-engineering it with new construction and locally-sourced salvage elements.

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Expanding the footprint by over 500 square feet was only the start for this home, and required ReInhabit’s team of designers, architects and craftsman to add a new network of systems including foundation, roof, plumbing, electrical, sewer, central heat & air and a tankless water heater.

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From an old commercial building, they recovered an automatic roll-up door, installing it as a section of wall along the main portion of the house. With the simple touch of a button the outdoors come inside, showering the living, dining and kitchen areas in daylight or evening as they join seamlessly to a newly-made deck. This is the ideal place for morning coffee or drinks with friends.

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For dinner parties, an edible landscape is available right out front in professionally-installed planter boxes. Not many homeowners can harvest their yard for garden-to-table eating.

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And for the ultimate conversation piece, the kitchen where you will prepare those meals features hand-finished cabinets painted by an established artist known as Fuse

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a.k.a. Larry Masters. Here he is in action, creating amazing “functional art.” The cabinets are made of metal, salvaged from an old home in Pasadena. In Fuse’s hands, they become something else entirely — and help make this a very unique, special home.

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With a garage and bonus room that could serve as your office or creative space, 3145 Atwater Ave. is ReInhabit’s case-study in expanded living with an eco-friendly footprint. It is also very well-situated, with easy access to the shopping, dining and night life of Atwater Village and its neighboring communities.

There is much more to learn about the process and painstaking effort that went into the restoration and expansion of this home. Head to the property website, or ReInhabit’s own blog.

For a private tour, contact Tracy Do Real Estate.

This entry was posted in: Deals

2445 Riverside Place in Silver Lake

List Price $699,000

3 bedrooms • 2 bathrooms

1,446 sf • 3,570 sf lot

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Exclusively from Tracy Do Real Estate comes this slice of Silver Lake history, restored for the modern day. Indian Summer Investments has carefully refurbished this hillside residence, bringing state-of-the-art amenities to a home steeped in vintage beauty and amazing views.

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The living room is abundant in natural light. Vistas stretch to Northeast Los Angeles and the San Gabriel Mountains beyond.

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The kitchen is finished in reclaimed barn-wood and includes marble countertops, a double sink and Samsung appliance suite. There are refinished white oak floors, as well as original details that match handsomely with custom cabinets, period-appropriate hardware and handcrafted light fixtures.

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The Master Suite is a new, permitted addition of over 300 square feet with an attached bath and walk-in closet. It flows seamlessly to a flat back yard where a pathway leads to a secluded-feeling deck and outdoor dining area.

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The “Red Car” of the old LA Railway ran right past this residence, until the line was decommissioned in 1955. The track has been replaced by an open-space buffer zone, providing privacy and a walkable trail to many parts of Silver Lake, like the Reservoir and soon-to-be-completed Whole Foods.

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The long list of enhancements here includes completely renovated bathrooms, roof, plumbing, a tankless water heater and 200 amp electric panel, among others. Storage has been expanded throughout, highlighted by this huge, finished bonus space which is perfect for use as your office, creative hub, as well as for your boxes, gear and wine storage. New heat and a/c plus a garage with automatic opener make this a complete and modern home that, in the best way possible, is mindful of its past.

There are many more photos, head to the property website here. Or see the home in person at our OPEN HOUSE: Saturday & Sunday, December 7th & 8th, 1 to 4 PM. Hope to see you there!

For more info or to book 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

Condos Gain Traction with New Buyers

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A recent LA Times article discusses the sea change taking place, as increasing numbers of first-time buyers purchase condominiums instead of detached homes. It’s all about the numbers, and the Times’ Andrew Khouri spells it out plainly: “For many, condos are the only affordable path to homeownership in urban areas near jobs, cafes and boutiques.”

Richard Green, director of USC’s Lusk Center for Real Estate puts it this way: “People who a year ago could afford houses can’t. But they can afford condos.”

To us this represents a very positive trend, proof that a new generation of home buyers understands the benefits of ownership over paying rent. Condos don’t have to mean compromise, in fact for some people the “lock the door and leave” lifestyle is an ideal fit. There’s less to worry about, less maintenance, and the density of condo communities makes them more earth-friendly than a typical suburban house.

Proudly, we are representing 52 beautiful, modern condominiums that will soon be for sale in the fast-rising Eastside enclave of Glassell Park. NELA Union homes have so much to offer, with versatile 3-level floor plans, attached 2-car garages and energy efficient building elements and appliances. Bright, spacious and contemporary, these homes look absolutely great. And they’re priced in a range that many people will be able to afford, starting in the mid/high $400,000’s, up to the low $600,000’s for a prime-located 4-bedroom home.

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Head to nelaunion.com to see what this new community of townhome-style condominiums is all about. While you’re at it, check us out on Facebook and Instagram, too. If you have any questions, be sure to get in touch with us at Tracy Do Real Estate, or send an email to info@nelaunion.com.

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

This entry was posted in: Deals