Silver Lake Are Homes and Information

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This Mid Century Los Feliz flip is definitely NOT a flop!

This Mid Century Los Feliz flip is definitely NOT a flop!

Back in April of this year, the house at 4213 Cromwell Ave was a little fixer that was listed at only $699,000.  Thirteen days later it was in escrow for $775,000.  No doubt there were multiple offers from people trying to get their hands on this little diamond in the rough.  I've seen my share of flipped houses and some come out more re-muddled than remodeled.  That is certainly not the case with this Los Feliz gem. SimoDesign did a great job bringing the house back to life.

This Los Feliz mid-century came on the market with its svelte new look in October with a list price of 1,175,000. The current price tag of $1,139,000 should certainly make this property more interesting and I will be surprised it stays on the market for long.

Mid Century Los Feliz Living room

The original 1957 front doors open to a lovely, clean living room with a very cool fireplace and mid-century architectural details. No expense was spared on the kitchen, with its Carrera marble kitchen counters and commercial grade appliances.

The split level layout is complete with 3 bedrooms and 3 bathrooms laid out in with a mix of old and new that works terrifically in this Los Feliz home.  The use of slate and marble married with the original oak floors gives it the modern facelift it deserves and though the yard is small, it's certainly enticing with the unique patio. There's additional outdoor living space in the front of the house over the garage.

Mid Century Los Feliz flip re imagined kitchen

If you've been looking for a home in the Franklin School District, this north of the blvd Los Feliz beauty might just be the ticket. For more information on this particular property and buying or selling property in Silver Lake, Echo Park, Los Feliz, and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com
Jenny Durling signature
Jenny Durling
Broker Associate
L.A. Property Solutions
213-215-4758
info@LApropertySolutions.com
LApropertySolutions.com

Copyright © 2010 By Jenny Durling * This Mid Century Los Feliz flip is definitely NOT a flop!*

Los Feliz Real Estate Market Update: September 2010

Los Feliz Real Estate Market Update: September 2010

Low priced Los Feliz real estate is selling relatively quickly, however there is a relatively large inventory homes for sale in the area right now. The mls show the current active listing inventory in the 90027 zip code to be 54 homes. The following chart shows Los Feliz Real Estate Market activity for the Month of August, 2010.

 Los Feliz Market update August 2010

Now let's take a look at some year to date figures from January 1, 2010 through August 31, 2010. These figures are for single family homes in Los Feliz only and to not include Los Feliz condos or income properties.

Los Feliz Home Sales Year-to-date from January 1st, 2010 through August 31, 2010

  • Highest price -  $4,895,000
  • Median price -$882,000
  • Average price -$1,102,519
  • Lowest price - $4,000
  • Average Days on the Market - 75
  • Average Square footage 2,445.59
  • Average price per square foot- $425.99

 Year to date, houses in Los Feliz are selling at an average of 4.87% below the asking price.  According to the information provided in the MLS, of the total number of single family homes sold in Los Feliz so far this year, 5 where short sales and 6 where bank owned. So approximately 13% of the total where distressed sales.

Los Feliz prices vary by location, school district, property size and condition.  The following chart shows that the majority of sale of Los Feliz single family homes this year have sold between $500,000 and $1,500,000.  If you have been hoping to find a house in Los Feliz for less than $500,000 you'll see that relatively few homes have sold in that range.  This price range is not only very competitive, but the majority of the properties are major fixers, very small, and/or in less desirable areas.

Los Feliz Market sold property break down August 2010

 For more information on Silver Lake, Echo Park, Los Feliz, and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com
Jenny Durling signature
Jenny Durling
Broker Associate
L.A. Property Solutions
213-215-4758
info@LApropertySolutions.com
LApropertySolutions.com

Copyright © 2010 By Jenny Durling *All Rights Reserved *Silver Lake Real Estate Market Update: September 2010*