Silver Lake Area Real Estate News And Information

Auburn 7 Small Lot Subdivision in Silver Lake

Have you heard of the Auburn 7 small lot subdivision in Silver Lake?  This complex of seven single family homes  designed by Silver Lake based MASS Architecture and Design is one of L.A.'s small lot subdivisions, located right here is Silver Lake. The seven homes are townhouse style, separated by just a small space and share walkways and a community garden on DWP land in front.

The Auburn 7 were built with ecology in mind. Green features include: radiant heating in the floor, tankless water heaters, low-flush toilets, and high-efficiency HVAC. The homes are also solar-ready for those owners choosing to install panels. Dual glazed windows and skylights add great ventilation and better efficiency.

If all of this appeals to you, you are in luck! One of the Auburn 7 in Silver Lake just came on the market. 2746 Auburn Street was recently listed Chris Furstenberg for $839,000.  The home has 3 bedrooms, 2.5 baths in 2100+ square feet of living space and is in the coveted Ivanhoe School district! With it's solar power, you can expect a nice drop in your electric bill if you choose to call this home.

 To see this home or for more information on small lot subidivions, Silver Lake, Los Feliz, Eagle Rock and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Copyright © 2010 By Jenny Durling *All Rights Reserved * Auburn 7 Small Lot Subdivision in Silver Lake 

Sunset Silver Lake loft for sale at a great price

If you've lived in or been through the Silver Lake area in the last few years you are probably familiar with the Sunset Silver Lake lofts that were built in 2007.  In the heart of Sunset Junction, these live/work lofts were a welcome addition to the area.  A total of 43 architectural units grouped into 4 buildings, the units include commercially inspired kitchens with stainless steel appliances, stone countertops, tiled baths with large soaking tubs and inside laundry hookups.  Underground parking and gated entrance provides security to the residents.

 Originally listed from $590,000 to $945,000 the Sunset Silver Lake Lofts are within walking distance to stores and restuarants in Sunset Junction like the Cheese store of Silver Lake . All units are pre-fitted for high-speed Internet access and cable television, recessed lighting, architectural hardware and central air conditioning. Only a handful of units have come back on the market since they were first sold.  Currently, there is a 2 bedroom/ 2 bathroom model available facing Myra that is listed for just $499,000. It is a short sale so the seller's loss can be your gain. For a patient buyer, a short sale property can certainly be worth waiting for.

To see this property or for more information on short sales,  Silver Lake, Echo Park, Los Feliz,  and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Silver Lake, CA Moreno Highland Foreclosure in the Ivanhoe School District Listed for only $888,800!

OK, now that I have your attention... Yes, there is a bank owned home in Silver Lake's Moreno Highlands that came on the market 10/24/09 at the incredibly low price of $888,800.

 This over sized 1920's Tudor is in a prime location and boasts almost 3200 sq feet of living space on a  6700+ sf useable lot.  This property is not a fixer by any stretch of the imagination. There is a bonus room plus bath, dining, kitchen and living room upstairs with 3 bedrooms and two baths downstairs. Don't forget the attached garage and views of the reservoir.  Seriously, do you really expect such a house to sell for less than $900,000?

I had seen this house before when it came on the market at $1,570,000 back in September of 2007.  No doubt the seller was hoping to be able to make enough money to be able to pay his debt to the bank and still walk away with some cash in his pocket. The house sat for quite a while and went through a number of price reductions:

09/04/07  original list price $1,570,000

1/27/07  reduced $1,499,000

4/21/09 reduced  $1,395,000

7/29/08 reduced $1,249,000

9/02/08 reduced $1,175,000

9/`7/08 reduced- now it's a short sale! $999,000

 The property had been purchased in November of 2004 for $1,080,000.  Apparently the owner took some of the equity out but when it went on the market in Sept. 07, nobody was interested in paying $1,5 million plus for it.  Once it hit that low price of $999,000 a year later, it got it's share of interested buyers.  Yes, this Silver Lake property had short sale offers and the bank simply refused the short sale.  It was foreclosed 6/08/09 for $935,000. 

I was at the open house this afternoon and it was certainly well attended. There were groups, agents, singles and couples- some with kids in tow, no doubt hoping to get them into the coveted Ivanhoe School district.   I hope their agents warned them that a list price is just a list price and may have absolutely nothing to do with the final sale price of a property.  The last big house in the Silver Lake's Moreno Highlands that sold anywhere near this list price was a complete mess. It may be torn down more easily than refurbished. 

This listing is in move-in condition. Other than the fact that the previously stellar view of the Silver Lake Reservoir now shows Ivanhoe Reservoir covered in black bird balls- there's really nothing to complain about here.  Do I think this house will sell anywhere close to that listing price? In a word, NO!  If you don't have at least a million dollar budget, don't get your hopes up. This one is bound to sell fast and in multiple offers substantially above the list price. If you can compete in that price range and would like to see this house, please give me a call and I'll arrange to show it to you.

If you are maxed out in the high 8's, I'm afraid this is not the right house for you, but I'll do my best to find you another place to call home.  For more information on Silver Lake, Los Feliz, Eagle Rock and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

3 Bedroom, 2 baths in Silver Lake's Ivanhoe School District less than $520K?

You'd love to buy a home in Silver Lake CA but what can you get in the $500,000. range that's more than 1,000 square feet, has 3 bedrooms and to top it off, is actually in Silver Lake's coveted Ivanhoe School District?  If you said "nothing", you're right that you're not going to find a house that fits that description but what about buying a Silver Lake condo?  If you've never considered it, this could be the perfect time. Condominium living offers all the benefits of home ownership, without the hassles of yard care or exterior maintenance.  You may think you want a big back yard and a grassy front lawn but do you really have the time or inclination to mow it, and how much would you actually use it?

With Single Family home prices in this neighborhood of Silver Lake still out of reach for many buyers, it might be time to check out some condos.  I've talked about condos for sale in Silver Lake CA in a previous post, but a small, 6-unit complex on Auburn suddenly has two units available.  I saw both of them on Sunday and if you like clean, contemporary lines these units are a real treat!

The condos are located at 2714 Auburn between Rowena Avenue and Waverly Dr..  This 6-unit complex was originally built as apartments in the early 90's and converted to condos just a few years ago.  The complex is in a great location. You're right across from Ivanhoe School and just a short walk to Edendale Grill, Blair's and The Coffee Table. Less than a mile and you're at Gelson's and Trader Joe's.  That's nothing to complain about!

Unit 4 is and upstairs light filled 3 bedroom, 2 bath of 1100sf with a balcony in the living room and one in the master bedroom. It's a front unit with stylish finishes including bamboo floors and stainless steel kitchen appliances. You also have inside laundry and central heat and air. What's not to like? This unit is currently listed for $539,000.
 

If you prefer to live downstairs and farther off the street, unit #3 is another option.  At 1140sf it is slightly larger than the upstairs unit and it's got a smaller price tag at   $519,000.  This unit shares the same bamboo floors, modern kitchen with Bosch appliances and butcher block countertops, inside laundry and central heat and air.  HOA fees are a mere $289 and you get two parking spots with either unit plus an onsite gym.  Honestly, they are both so nice I would have a hard time choosing between the two of them myself!

To see either or both of these units or for more information on Silver Lake, Los Feliz, Eagle Rock and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Silver Lake CA's Moreno Highlands Streamline Moderne hits the market in Ivanhoe School District

If you've been looking for a good sized home in Silver Lake California's Ivanhoe School District, your wait may be over. A 3 bedroom, 4 bath, home of 2600+ square feet just came on the market in Silver Lake CA.

Located at 2336 Moreno Drive, this 1940 Silver Lake CA home was designed and built by noted architect Harry Hayden Whiteley.  It's one of few examples of Streamline Moderne architecture on this side of the Silver Lake Reservoir. The design emphasizes long horizontal lines and curving forms noted in the entry way and balconies. There is also the somewhat nautical feel expected in this architectural style found in the porthole -like windows and original magnesite spiral staircase.

 Besides a superb location, this home offers a lush back yard, green houses, gleaming hardwood floors and a view of the Silver Lake Reservoir and the hills beyond. Better hurry, this Silver Lake CA home might go fast!

If you're interested in this home or would like more information on Silver Lake, Los Feliz, Echo Park and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Silver Lake Condos for less than $500K, $400K, would you believe $300K?!

Units in some of these buildings were selling in excess of $600K just a year ago. If you have been thinking of buying a condo in Silver Lake near the Silver Lake Reservoir or near Sunset Junction or within walking distance to Silver Lake Farmer's Market and Trader Joe's, this could be a great time to buy!

How about a 2-bedroom unit in the contemporary style complex at the corner of Silver Lake Blvd and Glendale Blvd right across the street from Silver Lake's soon-to-be-open new library?  This property is just a hop skip and a jump away from the Silver Lake Reservoir Walking Path. It's also close to shopping and restaurants and part of the Ivanhoe Elementary School District. 

This complex of 26 live/work loft units was completed in 2005 and currently there is only one unit available. 2395 SILVER LAKE #7. This one is a short sale, but if it's the right unit for you it could certainly be worth waiting for! 

If you'd prefer a smaller complex closer to Sunset Blvd., how about nearly 1200 sf in the 4-unit complex at 1425 Silver Lake Blvd.?

This split-level one bedroom can be converted back to its original 2-bedroom layout if that's more you speed.  This complex has a large community green space out back for gardening, picnicking or simply hanging out until the Silver Lake Meadow finally opens to the public. Plus it's is just a few blocks from restaurants and shops on Sunset Blvd.

So you like the idea of living in a small 4-unit complex but 1425 Silver Lake is too small and you don't want to live on a busy street? Talk about more space! - How about a 3 bedroom, 3 bath at 3247 Descanso Dr.?  Just shy of 2100 square feet, this unit even comes with and attached garage and HOA dues are a mere $300 per month.  It's a perfect set up if you're thinking of bringing in a roommate or 2 to help pay the mortgage.

 
This complex is south of Sunset Blvd. but still just a short walk to Dusty's for breakfast or a bite of Mexican at El Siete Mares.

If you are a big fan of fresh fruits and veggies, how about a place just a short walk from the weekly Silver Lake Farmer's Market and Trader Joe's?  There are currently 3 units available in the Cedar Lodge complex at 2018 Griffith Park Blvd., all of which have 2 bedrooms and 2 baths. Priced at $439,900, $429,000 and $399,000, the highest priced unit is a bank owed REO while the other two are both regular sales and easy to show. $399K for a unit in this complex is a great buy.

For reasonable HOA dues you get resort style living with subterranean parking, pool, spa and a private park with trails, picnic tables and BBQ pits! 

So WHERE is that unit less than $300K I mentioned?

For a real bargain, check out the condos at 2344 and 2354 Fletcher. Across the street from the new Home restaurant on Riverside Dr. and within walking distance to the Silver Lake Reservoir and the new Silver Lake Library, choose from three currently available units. 

There's a complete remodeled 4-bedroom for $499,450, an upgraded 3-bedrooms for $429,900 and the cheapest unit in Silver Lake- a bank owned REO 2 bedroom, 2 bath for just 299,990!

Whether you're looking for a house, condo or income property, Silver Lake is a great neighborhood.  Search Homes for Sale in Silver Lake now!

For more information on real estate in Silver Lake, Los Feliz, Eagle Rock and surrounding areas, contact Jenny Durling at 213-215-4758 or check out LApropertySolutions.com  

 Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

 If you have not had a chance to see the house at 2331 Cove Ave. in Los Angeles, take the opportunity while you can.

Sometimes a house is simply worth seeing.  I go on broker's caravan weekly to keep up with the new listings on the market. It's rare that I see one that makes me want to write a post about it but this one sure did!

The land was first home to a 1906 bungalow, and is now home to the fabulous residence currently for sale 2331 Cove Ave. in Silver Lake. This home was designed by Alber Cooling, and was redesigned and enlarged for Edward A. "Tink" Adams and his family.  Adams founded the Los Angeles Art Center School in downtown Los Angeles in 1932, which is now the Pasadena -based Center College of Design, one of the Nation's major art colleges. Cooling was an instructor at the Art center during Adam's tenure there.  This house was built in 1966 and incorporates both International style and elements of traditional Japanese architecture.  In 1967 a cantilevered section  was designed by James De Long, an architect who studied with Frank Lloyd Wright.

Situated on a hill overlooking the Silver Lake reservoir, the house is mostly hidden from the street at the top of the Cove Ave Stairs coming up from Silver Lake Blvd. I have to say I was completely enchanted by the beautiful Japanese garden setting and peaceful ambiance. The house has great flow and the paper and wood sliders between rooms adds to the light and feel of openness. Even on a day as warm as it was the day I visited, the breeze flowed through the house like natural air conditioning.  It's an amazing property with wonderful views and plenty of outdoor living space. Now, if I could only afford the $1,750,000 price tag, it would take a lot to ever get me to leave the property!

This house and other area homes of interest are featured in a book called  "Bohemian Modern"  By Barbara Bestor, Kimberly Stevens, Geoff McFetridge.  If you'd like more info about this property or other homes in the Silver Lake area, please contact me.

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com