Sunset Junction, Echo Park, Los Feliz, Hollywood Hills Homes For Sale
The Archives
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05.12.10Sold – Echo Park REOUpdate. This 3 bedroom 2 bath foreclosure in Echo Park was on the market for a very brief time this spring. After only 5 days on the market this home was in escrow. How much are foreclosures in Echo Park and Silver Lake selling for you ask? Most people think that they are going to be paying basement bargain prices and getting the deal of the century. But, you have got to remember that if you want to live in a good location, you are going to pay to live in a good location. My number one rule in real ...
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04.22.10Silver Lake, Echo Park, Los Feliz Real EstateI get asked all of the time about what's going on in our local market here in Los Angeles. Specifically, I'm talking about Silver Lake, Echo Park, Los Feliz, Hollywood Hills, Eagle Rock and Mt. Washington. Let's discuss certain price ranges: $100,000 - $500,000 price range - If you are a Buyer, you are in the 100% most competitive price range. Everyone and their brother's brother is trying to take advantage of this market right now. From March of 2009, until now, this price range has been on fire. For example, there was a 3 bed 1.5 bath foreclosure property in Echo ...
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04.09.10Echo Park ForeclosureNeighborhood: Echo Park 3 bedroom, 1 and a half bathrooms 1097 square feet, 6040 square foot lot Asking price: $321,300 Status: Foreclosure Aside from having some of the worst pictures online, this brand new Echo Park Foreclosure is a real estate gold mine waiting for a gold rush. This new listing hit the market one day ago and according to the listing agent, "The phone has been ringing off the hook". I'm predicting that this listing will be sold early next week with multiple offers on it. From the pictures, this home looks like a typical foreclosure listing. You can expect to fix basic cosmetic ...
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03.18.10Silver Lake Short SalesSilver Lake Short Sales 101: What is a short sale? A short sale is when a Seller of real estate owes more on the property than the property is worth. The Seller is upside down on the loan. Why is it called a short sale? The Seller is selling their real estate short of what is owed to the bank. For example let's say the Seller purchase the real estate for $500,000 and is now trying to sell it for $350,000, this is very common in a declining market. The Seller is asking the bank to take the $150,000 hit. Does a short sale take ...
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03.11.10Echo Park Commercial Space For SaleHere is a great opportunity for someone to own a great commercial space in trendy Echo Park. Here we have a 600 square foot space with 25 feet of window space that used to be a Salon for 25 years with an attached 1200 square foot living quarters. In back there is also another 800 square foot residential unit. What does Echo Park need? Art gallery? Coffee shop? Bar? Record store? Asking price is $549,000. The owner is willing to carry $350,000 for 10 years. Sounds like a deal to me. Call Matthew Morgus at 213-880-6420 for more info.
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