Tuesday, October 18, 2011

Highland Park: From Ghetto To Glam

Most transient Angelenos know nothing of this rough-around-the-edges neighborhood. However, the more humble "cool" crowd including writers, directors, scenesters, small business owners, composers, musicians, trust fund kids, financial professionals, doctors, engineers, scientists, lawyers, gays, costume designers, hipsters, skaters, drinkers, smokers and even pseudo celebs know very well the dirty little secret that is Highland Park. Well not such a secret really. Especially since houses are being listed and sold in the $4 and $500,000s! I mean this is supposed to be a recession people, right? Just 2 years ago I sold a cute 3 bedroom, 1 bath craftsman in a good part of HLP for $240,000. You'd be hard pressed to find a house for $240k right now even if it was used as a meth lab that exploded before it was listed as an REO.

Take for example, this new listing ok so it has nice views, a hot tub and is in a good location of HLP but it's ugly as sin and needs work. Yet homes like this or even this are selling like hot cakes all over the mangy hood. Don't get me wrong, I love Highland Park. It's my stomping ground pretty much and is one of my favorite LA neighborhoods that isn't near the ocean, but are the inflated home sale prices worth as much as people are paying for them? What do you think?

The competition in regards to home buying in Highland Park is fierce and while prices may seem high, they pail in comparison to the $700,000, 2/1s selling in Silver Lake. But remember, not too long ago, Silver Lake was just as rough and tumble as Highland Park. So perhaps, even with the hefty price tags, purchasing a home in Highland Park is a great investment if in ten years HLP will be the new Silver Lake and Boyle Heights will be the new Highland Park. I guess it pays to be a Realtor in Los Angeles. While the rest of the country has a massive home supply collecting dust, LA, SF/bay area and NY are wheelin' and dealin' and can't get homes to buyers fast enough.

Thursday, October 13, 2011

Awe-Inspiring New Malibu Listing

Design meets nature meets design in this stunning Malibu masterpiece. The 365 degree ocean, mountains and valley view Post and Beam is anything but ordinary. Wooden curved lines encompass mammoth boulders keenly incorporated into the home's central architectural plan. The open, easy, unique and serene lay out of each room keeps the elements of nature prominently in mind. Numerous horseriding, biking and hiking trails as well a spacious guest house are steps from the property. Set amongst over 4 lush acres of meadows, rock formations, mature fruit and decorative trees, this breathtaking 3 bedroom, 3 bath work of art can be yours at $2,595,000.












Rachel is a Los Angeles Realtor. Contact Rachel@PreferredRealtyAndLoan.com for home sales and purchases.

www.PreferredRealtyAndLoan.com
www.RealEstateSilverLake.com
www.SkyMinorRealEstate.com




Thursday, October 6, 2011

Own a Frank Lloyd Wright Home!


***This Frank Lloyd Wright home is the first of my Luxury Series at Rachel's Road To Real Estate. Check back often for more legendary and famous architectural homes featured on my blog!***

Offered at $4,995,000 this compound is a unique and historic landmark in architecture. The Millard House (La Miniatura) was built in 1923 and is recognized as the earliest 'Usonian' house. It is the first residence to utilize Wright's highly inventive textile block building system. The home is internationally recognized as one of the world's most important works of architecture.

Now following a multi-year restoration, the complex offers one of the most romantic and creative living spaces anywhere. Sited on nearly an acre of gardens within the Prospect Historic District of Pasadena, the residence and studio include 4 bedrooms, 4 baths, 2 kitchens, living room, formal dining room and semi-attached garages. The Millard House is listed on the National Register of Historic Places.

Brought to you by Crosby Doe Associates
645 Prospect, Pasadena, CA















Rachel is a Los Angeles Realtor specializing in the hip 'east side' hoods including, but not limited to Los Feliz, Silver Lake, Echo Park, Highland Park, Glassell Park, Mt Washington and Eagle Rock. Contact Rachel@PreferredRealtyAndLoan.com for more information on this or any other property.