Silver Lake Area Real Estate News And Information: California

Echo Park Condos - The Sunset Five condos in Echo Park still up for grabs

We haven't seen many newly constructed Echo Park Condos so the developers of the Sunset Five condo complex probably expected them to fly off the shelf.  You many have read my post about the Sunset Five condos in Echo Park.  I thought the units were over priced when they first came on the market, and 4 months later my opinion has not changed.

Below is a chart of the Sunset Five Echo Park Condos showing their relative size and price changes since they came on the market in October of 2009.

As you can see from the last column, the price reductions have not been significant. These units were originally listed with Furstenberg Realty.  From what I can see, there was nothing wrong with the agent or his marketing.  Like so many sellers, the developer failed to see that the "problem" is NOT the listing agent, but the price. These Echo Park Condos were relisted just days ago with Deasy Penner & Partners as if listing the units with an agent that "specializes" in architectural properties will really convince buyers to pay more than they should!  In my opinion, it's just another example of sellers having an inflated opinion of the value of their property.

Don't get me wrong, Echo Park is a great place to live but this complex is not like the Sunset Silver Lake lofts with their great locations within walking distance of Sunset Junction and The Cheese Store of Silver Lake.  These Echo Park condos are surrounded by some pretty shabby looking homes with a bus stop right in front.  Sure, this section of Sunset Blvd may someday be the place for all things hip but you may have to wait a while.

If the idea of a newly constructed modern style Echo Park condo appeals to you, then by all means you should check out the Sunset Five units. They are open today and easy to show at your convenience so give me a call at 213-215-4758 if you'd like to take a look.  These units are ripe for bigger price reductions so let me help you get the right price if you'd like to buy one.

For more information on   Echo Park,Silver Lake, 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

Copyright © 2010 By Jenny Durling *All Rights Reserved * Sunset Five Echo Park condos

Silver Lake California's Sunset Junction

Silver Lake Calfornia's Sunset Junction is the place to be.  When people talk about buying real estate in SilverlLake, it used to mean "prime Silver Lake"- the area nearest the reservoir and the hills known as the Moreno Highlands.  That area is still plenty popular but the price of homes there can be pretty high. Over the past few years, another part of Silverlake known as Sunset Junction has become the hot topic.

Sunset Junction is literally the place where Santa Monica Blvd. intersects with Sunset Blvd. The name is a carryover from the days of the old Los Angeles "red car line", Pacific Electric Railway Company's passenger service.  Rail service was discontinued in the mid 1950's but the Sunset Junction name stuck.  Silver Lake visitors and residents alike enjoy the variety of shops and eateries for several blocks of Sunset Blvd in this area. Demand for homes within walking distance of Sunset Junction has increased dramatically in recent years, prompting the development of the popular live/work Lofts at 4111 Sunset Blvd.

Less gritty than in past years, Sunset Junction boasts a large selection of cafes, shops and restaurants.  The building that once housed a carniceria  is now home to the Silverlake Conservatory of Music- a non-profit organization that offers reasonably priced music lessons and grants scholarships to children in need.  In the same building you'll find the hip coffee bar, Intelligentsia with its outdoor tables and umbrellas, The Cheese Store of Silver Lake, and Café Stella, a lively French Bistro. Right at the corner is a shoe store called Kicks.  This isn't your grandfather's Silver Lake!

Housing south of Sunset Blvd and within a short jaunt to Sunset Junction has become increasing popular, no doubt due to the plethora of things to do and see in the area. Recently a storybook cottage at 970 Maltman garnered a lot of attention and received multiple offers within days of going on the market and last week a 3 bedroom, 2 bath craftsman at 1401 Edgecliff Dr. also collected multiple offers in just 4 days.  It looks like Sunset Junction has finally come into its own.

For more information on  Sunset Junction, 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

Copyright © 2010 By Jenny Durling *All Rights Reserved * Sunset Junction - Silverlake Ca

Fabulous mid-century modern home in Los Feliz

I honestly can't believe this house is still on the market. When it was first open some 70 days ago, I expected it to be sold in no time flat. It was my hands down favorite new listing at the time.

Apparently, I wasn't actually wrong that it would get offers quickly. Seven days after this beauty at 4349 Cedarhurst Circle in Los Feliz  went on the market, the status was changed to pending. I don't know why this property fell from grace but it was back on the market as of November 11 and still it sits. I can only think this is a case of not enough people seeing it in person or that unfounded fear that "there must be something wrong with it" since it's still available.

Behind a private gate on a small street in the Franklin Hills lies this oasis from the city.  The walk down the path past the pond and fountain in the front yard sets the calming and welcoming mood.  What a terrific property!  A true 1951 gem with great light, layout and indoor-outdoor floor done up to today's standards. 1,852 of living space with 3 bedrooms, 3.5 baths a fabulous double sided fireplace and a great vibe.

Listed at $1,100,000, this Los Feliz beauty is defnitely worth checking out. If you've been looking for your own zen retreat in Los Feliz, this may be the ticket. Take advantage of the low interest rates while they are still around.

For more information on this property, Los Feliz, Silver Lake, 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

Looking for a Distressed Sale in Los Feliz?

Most of the bank owned and short sale properties in Silver Lake and Los Feliz have been in the lower price ranges.  If you have been looking for a great deal on a view home in the Los Feliz hills, this might be the opportunity you have been waiting for. This is a short sale with two loans but both with the same bank.  There is no reason to fear a short sale. The patient buyer could end up with the best deal in Los Feliz.

4020 Woking Way is a charming character traditional in the prime Los Feliz Hills with spectacular views of the city and mountains.  The 2100+ sf of living space consists of 3 bedrooms , 2 baths, kitchen, dining and living rooms on the first floor. The lower level family room with fireplace accesses the back yard and patio.

The home has a nice layout but the views are the real selling feature. I might even ENJOY doing dishes with a view like that above the sink!

Last sold for $1,100,000 in May of 2008, the current asking price of $899,000 is bound to bring many offers. It's rare to see a Los Feliz home of this quality for less than $1,000,000. There's not much time to see it before offers are submitted to the bank.  See it today from Noon-3PM and 12/20 1PM-4PM or call me and I'll schedule an appointment. But hurry!  All offers will be reviewed 12/21/2009 at 5PM.

For more information on Los Feliz, Silver Lake, 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

Elysian Heights Story Book Cottage with views of the Hollywood Hills!

This is the perfect house for lovers of old architecture who want an unspoiled canvas to work with. The thick walls, curved fireplace and original windows and hardware make this a magnet for those that appreciate craftsmanship.  Put that together with a great location in the hills of Echo Park directly across from Elysian Park and amazing views from multiple windows and what else could you want?  The "moat and drawbridge' entrance to the front drawer only add to the charm.

I expected this Echo Park home to sell the first week it was on the market.  Priced at $675,000, this 1900+sf house has much to offer.  See it this Sunday from 1-4 or call me for a showing. I'm a fan of old architecture and don't need much of an excuse to go back for another look!

To see this property or for more information on Echo Park, Silver Lake, 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

Get into the holiday spirit with Los Angeles DWP Annual Holiday Lights Display in Los Feliz's Griffith Park

Thanksgiving is behind us and Christmas is fast approaching.  The 14^th annual Holiday Lights Festival is off to a ‘green' start.  Opening on December 3^rd for bicycles and pedestrians, this year's display is vehicle-free through Dec 17.  The annual lights consist of a mile's worth of light displays on Crystal Springs Dr. in Griffith Park with lights sparkling from 5 to 10pm nightly.  Cyclists and walkers are encouraged to take advantage of the festival, unencumbered by autos.

The Department of Water and Power display includes festive music, static and animated displays using more than 500,000 bulbs. Many scenes depict famous Los Angeles landmarks like the Griffith Park Observatory and the Hollywood sign. The holiday display is free to the public and a big hit for all ages.

Starting December 18th , the festival will be open for those that prefer to drive through. People may still walk on the walking path, or grab a shuttle from the zoo parking lot through the end of the display on December 30.

For  more information on Los Feliz, Silver Lake, 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

Charming Los Feliz Bungalow north of the Blvd just over $700k!

Can you believe it?  A 3 bedroom, 1 ½ bath California bungalow north  of the blvd in Los Feliz listed for only $719,000?  This place is full of charm, clean bright and ready to move in.  If you have kids or are planning to have them, there's the added advantage of being in the Franklin Elementary School district. 

This house exudes charm warms and charm and is only minutes from the Village of Los Feliz, Griffith Park and all the area has to offer. 

The first public open house is scheduled for tomorrow, Sunday 11/15 from 1-4.  If you have been looking for a well-priced home in Los Feliz, I highly recommend you stop by and check it out.  Listed by a couple of my favorite Sotheby's agents, you are sure to get a warm greeting.  If you'd rather see it another time, give me a call at 213-215-4758 and I'll be happy to show it to you.  In any case, don't way- this one is bound to sell in a hurry.  He property is located at 2312 Nella Vista Ave in Los Feliz.

For more information on Los Feliz, Silver Lake, 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

New Silver lake Library Grand Opening on Monday, November 16

The wait is almost over! Yes, Silver Lake's new, LEED certified library is set to have its grand opening and ribbon cutting celebration on Monday, November 16 at 10:00am.  Special guests will include Los Angeles Mayor Anotnio Villaragosa, Los Angeles City Coucil President Eric Garcetti, Councilman Tom LaBonge and the Citiy Library Martin Gomez.

If you can't make it to the ceremony on Monday morning, you'll have another chance to cebrate on the weekend.  The Friends of the Silver Lake Library who have been instrumental in getting this library built, are hosting a Silve Lake Community Open House.  This Celebration will take place on Saturday, November 21st from 10 am to 5 pm. There will be music, food, and fun for everyone.

Parking is limited so this is a great opportunity to get a little fresh air and walk or bike to the event.  Maybe take a trip around the the reservoir first so you can burn off some of the to-be-eaten goodies at the event!

The new Silver Lake Library is located at 2411 Glendale Blvd at the corner of Glendale Blvd and Silver Lake Blvd.  See you there!

for more information on Silver Lake, Echo Park, 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

The Sunset Five - New Architectural Condos on Sunset Blvd in Echo Park

It seems a lot of buyers are looking for modern architecture these days and for those who like the open feel of a loft but also want to have walls and doors on their bedrooms, the Sunset Five in Echo Park could be an option. An option, if you're ready to be an urban pioneer.

Echo Park, has changed dramatically over the years and is attracting buyers who like the urban landscape and diverse culture.  This new development may be just what the doctor ordered or it may be a little ahead of its time for its particular location.

The modern exterior of concrete block, glass and corrugated metal is a sharp contrast to the surrounding properties. There are old homes on either side and across the street, a commercial strip of little shops and a neighborhood bar called Little Joy. It seems it may be a while before this particular spot is really hopping and new residents will have to put up with the bus stop in front of the building and traffic noise from Sunset Blvd.

The five units have been on the market for just over a month at this point and none of them have sold yet.  It may have more to do with the prices than anything else, though I was less than impressed with the interior finishes. I actually had to ask if the units were finished.  Apparently that was the look the architect was going for.

All five units have 2 bedrooms and 2 baths, one with an additional half bath and range in size from 1184 to 1765 sq. ft. Here's a break down of the units:

The development is the work of  award-winning architect/developer Chasen Architecture and was built with a focus towards green design.  The concrete walls and floors protect the interiors from extreme changes in temperate which should save on heating and cooling costs.  Some units have plumbing and electrical conduits install to allow for future installation of solar panels shoul d the new owner want to install them.

Do I think these units will sell?  Of course  they will, but it feels like they are priced as if they are located in Silver Lake and not in Echo Park.  If the units come down to a price more in line with the location, I expect they'll sell pretty quickly.

To see these units or for more information on Echo Park, Silver Lake, 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

Fabulous mid-century modern home in Los Feliz

 Yesterday I went out to take a look at the area homes that came on the market this week. Hand down my favorite was 4349 Cedarhurst Circle in Los Feliz.  Every so often I see a home that makes me what I would have to do to move into the place myself.  This is one of those houses.

Behind a private gate on a small street in the Franklin Hills lies this oasis from the city.  The walk down the path past the pond and fountain in the front yard sets the calming and welcoming mood.  What a terrific property!  A true 1951 gem with great light, layout and indoor-outdoor floor done up to today's standards. 1,852 of living space with 3 bedrooms, 3.5 baths a fabulous double sided fireplace and a great vibe.

Listed at $1,100,000, this Los Feliz beauty is sure to be gone in a hurry. It will be open this Sunday from 2-5pm or give me a call and I'll arrange a showing. If you've been looking for your own zen retreat in Los Feliz, this may must be the ticket.

For more information on Los Feliz, Silver Lake, 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