Providing local insight into the best schools in and around where you want to live on Los Angeles' eastside.

Real Estate Is On Fire In Highland Park

As a Realtor I have been selling homes in Highland Park for the last eight years and recently there have been many articles in the Los Angeles Times, Curbed LA, and The Eastsider  about how this is the next up and coming neighborhood. During the real estate boom buyers felt lucky if they won the house for a half a million, homeowners took out home equity lines of credit and then the crash came in 2007. Now these homes are being sold as foreclosures and short sales, with big pocket investors buying them up for a song.  Better Shelter was one of the first flippers who took a chance to tastefully remodel these inexpensive run down character homes to sell to a targeted market. The look inside is an open floor plan with dark wood floors, white walls, nicely decorated with mid-century furniture, vintage finds from flea markets and quirky paintings. The outside of these homes are painted with interesting colors, horizontal wood fences, decks and zero-scape yards. They sell quickly for the asking price or more and now smart investors are copying the formula. This is changing the face and demographics of Highland Park for first time buyers who want a great looking, move-in ready home. There is still so much room for the neighborhood to grow and I think this is just the beginning. As Highland Park is becoming more like Echo Park and Silver Lake it is bringing new interesting restaurants and galleries, but that is for my next blog post.

There have been 16 flipped homes sold in Highland Park in the last 6 months with many selling within in days of coming on the market. Take a look at some of these…….

6202 ST Albans St. Los Angeles, 90042

list price $369,000 – sold price $368,00  –  2/bed & 1/bath within 951 built in 1921   –  sold in 14 days

  1316 Highgate Ave. Los Angeles, 90042

list price – $499,000 – sold price $500,000  –  3/bed & 2/bath within 1,402 sq.ft. built in 1924  –  sold in 4 days

5423 Meridian St. Los Angeles, 90042

list price $429,000 – sold price $435,000  –  2/bed &2/bath within 1,050 sq ft.  –  sold in 10 days

5022 Granada Dr. Los Angeles, 90042

list price $429,900 – sold price $430,000  –  3/bed & 2/bath within 1,092 sq ft.  –  sold in 10 days

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If you would like to be the first to see what is coming on the market on the Eastside please call Diane at 323.401.3987 or email

 

2 Responses to “ Real Estate Is On Fire In Highland Park ”

  1. Diane Evans says:

    Thanks,Karen, and please look for my next blog post about the new restaurants and other places in Highland Park.

  2. karen says:

    yay for Highland Park. This is a great collection and I’m glad you are as excited as I am about its turnaround. Keep on bloggin.

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