Mt. Washington Real Estate History
Mt. Washington Home Sales
Now you can have a little short background of Mt. Washington history, a different community in Northeast Los Angeles.
Mt. Washington was founded in 1909 as a luxurious suburb of Los Angeles. Wealthy Angelenos quickly snapped up many of its luxurious Mediterranean Revival homes with outstanding views of the Los Angeles Basin and the western San Gabriel Valley. As the mountain was far too steep for the construction of a proper road in the pre-automobile era, the new district instead was served by a small railway going up the hill, which had its lower terminus at a Pacific Electric Railroad “Red Car” stop. Mt. Washington was eventually absorbed into the city proper as Los Angeles grew.
Mt. Washington’s boundaries are roughly El Paso Drive and Avenue 50 on the northeast, the Arroyo Seco on the southeast, Isabel Street on the southwest, and Division Street on the northwest. Neighboring communities include Eagle Rock on the north, Highland Park on the northeast, Montecito Heights on the southeast, Cypress Park and Glassell Park on the southwest. The Metro Gold Line light rail line passes through the district and has a station near the Southwest Museum. The Pasadena Freeway (CA-110) runs along the district’s southeastern edge, adjacent to the Arroyo Seco.
The real estate in Mt. Washington is always desirable and opportunities are available for the qualified home buyer. Presently there are 8 homes pending in escrow with a value from $495k to $669k. A total of two dozen homes are actively for sale with a value range from $450k to $990k. The N.E.L.A community of Mount Washington shares the same zip code as Glassell Park, 90065. It’s a major reason that a home buyer needs to be represented by a local Realtor, such as Raphael, that’s aware of all the housing factors.
Raphael is a resident of the community and involved in many local organizations helping preserve this secret N.E.L.A community. A local Realtor that understand the needs and expectations of today’s home buyers allowing for a win-win transaction. Are you considering purchasing a home in this great suburban like community? Contact Raphael and spend a few minutes discussing your needs. It will be a benefit to your home search and time well spent.
Be advised that there is never an obligation and your privacy is respected.
New Help From Chase For N.E.L.A Home Buyers
See for yourself what the latest and greatest in the financial market that
Chase Home Loans
Chase now brings to benefit you in any real estate transaction.
Chase offers 1% cash back on total P&I payments for the entire year for the life of the loan. Every new loan Chase originates that has a Chase checking account with auto pay from Chase can now be easily enrolled in this program.
Have you noticed the latest;
30 Yr.Fixed (FHA), Max $417,000, 5.000 with 1 point, 5.250 no points OR
it can be 3.750 with 1.125% points.
Contact Jason, at jason.m.jaime@chase.com for refinancing and quotes on loan amounts over 729,750 through $3,000,000 to service every home buyer or home owner in N.E.L.A!
Chase is a strong supporter to home owners and home buyers seeking to improve financial situations. Jason Jaime, is the local loan agent that can service all your needs. Act NOW, to contact Jason ( jason.m.jaime@chase.com) with a simple question for a rapid response. Jason, speaks Spanish and is empowered to bring you the best possible program per your specific need.
Raphael, your local resident Realtor works with Jason to better support his clients with options and variety in all their home financing needs.
Your privacy is respected and this serves solely as a verified recommendation based on past performance and client satisfaction.
Stay Updated On Northeast Los Angeles Real Estate
Hi, hope the weekend weather will not be to bad for our local Home Sellers and Home Buyers in the communities of Northeast Los Angeles.
N.E.L.A Home Buyer $$$
Here are some stats that will be of value to those currently in the N.E.L.A real estate market. The month-over-month changes in California’s median home price for 2009 were stronger than the long-run national average. Low interest rates and tax incentives led to a rise in the demand for housing. As a result, housing inventory was constrained and created upward pressure on home prices.
California’s housing market has shown signs of stabilization since early last year. Sales of single-family homes bottomed out in August 2007, and the median home price reached its trough in February 2009. In December, California’s median home price was 25.1 percent above the low for the current cycle.
In December, the median price of an existing, single-family home rose to $306,820, an 8.4 percent rise year-over-year, the second consecutive year-over-year increase, and the 10th consecutive month-over-month increase, according to C.A.R.’s (California Association Of Realtors) December sales and price report.
Home Buyers who purchase a median-priced house, live in their home for a norm of at least five years, and sell it at the then current median price. The home owners have then averaged an annual rate of return of more than 11 percent, according to data collected by C.A.R. Not to bad in comparison to what a bank savings account will do for you.
Affordability by CAR for N.E.L.A homes shows that the buyer income should be in the vicinity of $55k. On an entry level home the monthly mortgage and insurance payment may range around $2k, depending on the specific community.
Get updated, do a simple home search for your areas of interest to see what is going on in that community. You will obtain accurate and detailed information to make your real estate planning more realistic. Contact, Raphael, your local resident Realtor for any other questions or concerns you may have. Take the time as it is a benefit to you with NO obligation. What a deal…
Remember your privacy is respected and some info on this post was taken from C.A.R data research.
Northeast Los Angeles Real Estate News
N.E.L.A. Mortgage Rate History
Are you updated on today’s Real Estate market, specifically for Northeast Los Angeles? Allow Raphael, local Realtor, to assist. Mortgage rates have moved back to less than 5 percent, which have been categorized by industry experts like Freddie Mac chief economist Frank Nothaft as “near a record low.” This move that may help boost home loan demand and lend support to the housing market recovery. On January 28, the average 30-year fixed-rate mortgage was 4.98 percent.
Affordability remains at record levels, supported by the lowest mortgage rates in decades, low home prices, as well as the first-time buyer and current repurchasing owner tax credits. So far this year, the home price-to-income ratio has fallen well below the historical average of 25 percent. The ratio now stands at a mere 15 percent. This info is current data from the National Association Of Realtors.
Sellers who listed their home at the price originally recommended by their Local Realtor, sold it:
* 38 days faster
* For 2.25% higher
* With 1 less price reduction
It supports the knowledge and service that a Realtor like Raphael can bring to sellers. Home Sellers who are not realistic and initially differ from their Realtors advice have more heartache and grief in their home sale.
Other notable stats include:
* Only 1 in 3 sellers staged their home, even with all the commonly accepted advantages of staging and preparing per their Realtor’s advice.
* Staging typically took between a simple 2 to 6 hours to complete.
Although it has advantages at all price points, staging was also found to be particularly important for homes priced over $600,000.
Source: Keller Williams Realty Research Study
These facts support the program of having a ‘local Realtor’ like Raphael for any home sale. Raphael lives and works strictly in Northeast Los Angeles and is part of numerous community outreach programs. A knowledge of the various communities in N.E.L.A is critical to better assist any home seller or home buyer today. Feel free to utilize the custom programs in doing a local home search or obtaining the current value of your home with the tools offered by Raphael. The details of having a client understand the local market and financial opportunities available is only a small part of what Raphael offers his clients.
Your privacy is always respected and never an obligation. Contact Raphael TODAY for a positive win-win experience relating to N.E.L.A properties.
Thoughts For Investigating Homes For Sale In Northeast Los Angeles
Here are a few tips on how to investigate the history of a Northeast Los Angeles
N.E.L.A. Home Inspections
home during a purchase. We are all aware that upon presenting an offer to buy a home it is brought to the home buyers attention to inspect-inspect-inspect. A home buyer must sign numerous documents that state inspections are up to the home buyer. A strong Realtor will advise the home buyer to do more than just a normal home inspection depending on the home. Northeast Los Angeles Real Estate is an area which has a very large number of older character homes which can present different challenges on inspections.
A Realtor will offer recommendations of some reputable home inspectors but there is more than can be bypassed. Raphael, local resident Realtor, brings other issues out in the open. One must remember that the sewer lines can create problems due to age of plumbing. Hillside and view homes, which are abundant, in N.E.L.A, should have the foundation closely looked at. Raphael has the expertise of what to recommend based on the type home and the location.
A home buyer can also request that the seller provide a copy of the Comprehensive Loss Underwriting Exchange report which is obtainable from www.choicetrust.com. The report will show specifics that the home seller may have filed with their insurance company. A similar report, called A-PLUS, is also available from the Insurance Services Office. Finally, home sellers should be aware that this is a request that would need to be honored and is the right of any home buyer.
The other critical details range from the electrical to the plumbing condition of the home. Lastly, is the issue very common in the communities of northeast Los Angeles which is the factor of permits for work done by the home owner.
Raphael, advises the home seller of these issues that can take place and to disclose all that is known for a clean transaction of sale. Raphael also reminds the home buyer to consider all these inspections based on the aspects of the home in question. Just another reason that a resident local Realtor brings value and service for a successful transaction. Home sellers and home buyers both benefit by what Raphael brings to the table for a win-win home purchase/sale.
Ask Raphael, and contact him for free advice and tips that will assist you. Knowledge is key and these factors are critical when dealing with money matters.
All Info is confidential and privacy is always respected.
Latest On Northeast Los Angeles Homes For Sale
Viewing Best N.E.L.A Homes For Sale
Here is a quick way to get information on houses for sale in Northeast Los Angeles. Get on my blog list to receive the latest scoop on what is going on in the N.E.L.A real estate market. It is easy and entertaining.
So, let’s get to it on the deals in houses for sale in parts of N.E.L.A.
90026- Echo Park – Elysian Heights Spacious Property in Echo Park for sale. This is a two for one listing and I do not mean happy hour. The homes were built in 1930 (Spanish Architecture) and the other in 1940 (Traditional Architecture) both with vintage details and great landscaping. They are located on Portia St. off of Sunset Blvd. and are priced for $1.1 million for both homes. The lot is a total of 8189 sq. ft. and the homes combined square footage is 4,984. A cash offer is being sought and thus there should be leverage for negotiations.
90026- Silverlake Home for sale. This home is a short-sale, 2+3, 1135 sq. ft., completely remodeled on a small lot of 2,880 sq. ft., with a guestroom and 1/2 bath over the garage. This Silver Lake home is on Dahlia st. off Micheltorena Dr. north of Sunset Blvd. and has nice panoramic views. Oh yes, the listed price is $559k and the strength of financing will rule the decision by the lender.
90027- Los Feliz Home For Sale. This home is bank-owned so it gets a plus from me. This house is 3,005 sq. ft. on a huge lot of 54,450 sq. ft. and built in 1937 so the charm is there of the era. The price for this Los Feliz house is $976k but once again, being bank-owned the financing strength will rule the decision of the lender. Keep in mind that bank-owned properties bring a quick decision from the lender when compared to a home for sale that is a short-sale. The house is located on Los Nietos Dr. by Price St. and repairs can be negotiated if the right Realtor is used.
90032- El Sereno view home for sale. So, one may say El Sereno has little to offer but it does offer much in value and location. This N.E.L.A home for sale is 2,160 sq. ft. on a lot of 4,960 sq. ft. with outstanding views. This house for sale was built in 1960 and is a 4+3, two level, cathedral ceilings, formal dining room and large balconies. It also boast a fenced terraced yard and plenty of storage along with a attached garage. This short-sale home for sale is another home where financing will rule the decision making. The price is only $399k and a true value located on La Calandria off of Lombardy. A great pocket of El Sereno with much to offer at a great price.
Well, here you have a little taste of what is going on in a few select areas regarding Northeast Los Angeles homes for sale in Los Feliz, Echo Park and El Sereno real estate markets. Home buyers can have this as a reference based on individual criteria. Be reminded, that home search is simple and free on this site so take advantage of this fantastic ‘custom’ tool made available to you. Home Sellers can also see how the the N.E.L.A real estate market is doing and request a free home market evaluation. There is never an obligation with Raphael.
These properties mentioned are ‘NOT’ Raphael’s listings but mentioned here as a service and reference point. Want to know more of what the market is doing…then just ASK , Raphael for a speedy reply.
All information is confidential as your privacy is always respected…
Glassell Park Real Estate History
Glassell Park
Here’s a quick way to know more of the Glassell Park real estate structure from the beginning. This community of Northeast Los Angeles has much history as to the way the neighborhood was formed by real estate transfers long ago. Home buyers and home owners in the N.E.L.A community will appreciate this short story of how Andrew Glassell started it all.
Let’s think of what the Glassell Park real estate was like a century ago. Verdugo Road where it meets San Fernando Road was considered the crucial link for commerce and trade with the pueblo of Los Angeles. At this time the big land owners were the Verdugos and San Fernando Road was affiliated with the pueblo of . It was said that Glassell Park had “the road to the city” and in 1912 it was annexed and included in the area of Northeast Los Angeles.
Andrew Glassell was born in Virginia and acquired property from the Rancho in what was to become Glassell Park. He went to San Francisco in 1853 and established a law practice. His appointment as the United States attorney at Sacramento, California soon followed. During the Civil War his sympathies were with the South and he refused to take the loyalty oath to the United States required of lawyers. He left his public office and quit the practice of law and operated a lumber mill near Santa Cruz.
After the war Glassell moved to Los Angeles in 1865. He formed a partnership with Alfred Chapman and Colonel George H. Smith, the firm becoming known as Glassell, Chapman & Smith. Their law practice was confined chiefly to real estate transactions and they made their fortunes by being retailed in the large partition suits. When Glassell first came to California, he had worked with the federal land commission that reviewed all the old Mexican Rancho grants and so he was very well versed in title land law. They would take their compensation in land, and nearly every final decree in partition would find that Glassell and Chapman had quite an area of land. Glassell was involved in the legal suit known as The Great Partition of 1871 brought against the Rancho San Rafael property.
Andrew Glassell knew the value of real estate and what the benefits held in owning property. The fact that he and his associates accepted land as payment in many instances, showed the vision of things to come. Today, Glassell Park is thriving with diverse cultures and neighborhoods. The affluent N.E.L.A community of Mt. Washington resides in the boundaries of Glassell Park. The community also includes the custom homes in the Verdugo Hills and is home to a great senior recreation center.
Interested in the real estate market today of Glassell Park where value is still to be found? Raphael is available to assist the home seller and home buyer questions explore all that the area has to offer. Get rid of your for now is the time to get involved in the real estate market. Raphael offers many tips on what is going on in Glassell Park and the rest of Northeast Los Angeles. Allow Raphael, resident Realtor, to assist you in making that move NOW while all other factors are right.
Remember to ASK, as all info is confidential and your privacy is respected.
Highland Park Real Estate Symposium
Chase Home Loans
Get rid of your real estate questions at a great informational event in Highland Park on Thursday, Feb. 11, 2010. It is a ‘NEW’ joint venture between Raphael Guerin (local resident Realtor) with Keller-Williams Realty and Jason Jaime (local loan officer) with Chase. The day will start with tons of information to assist the consumer with all their Real Estate needs and questions.
Home Buyers, Home Sellers and Home Investors looking at Real Estate sales in Highland Park and all of Northeast Los Angeles will benefit from this fair. The location will be at the Chase Branch on Ave. 57 and Figueroa. Jason and Raphael will be available all day from 10:00 am to 5:00pm to assist with their expertise and knowledge.
Here is a QUICK way to have your questions answered and obtain great information regarding the current N.E.L.A Real Estate Market. A variety of information will be available to all that stop by the Highland Park Chase Branch on Thursday, Feb. 11. Some of the details available will be on;
- First Time Home Buyer Facts For Northeast Los Angeles
- Financing in today’s N.E.L.A Real Estate Market
- How Escrow Is Processed
- What Title Insurance is all about
- Home Sales in Northeast L.A
- Appraisal Guidelines
Jason and Raphael will have literature in both Spanish and English to educate and update the N.E.L.A consumer. Mark your calendar NOW and plan on stopping by the Chase Branch to benefit from this new valued service being offered to the community. It is just another way that Chase and Keller-Williams Realty are supporting the residents of Northeast Los Angeles.
Be reminded that ALL information given is CONFIDENTIAL and there is absolutely no obligation or commitment. SO, see you on 2/11
Northeast Los Angeles Real Estate Advice
Now you can have some data to think about on home values for the northeast Los
N.E.L.A Real Estate Facts
Angeles real estate market. The figures detailed below are from Dataquick and were just published by the L.A. Times in a recent article. The percentages show the appreciation or depreciation of homes sold in December of 2008 compared to December of 2009. The home buyer and home seller will have a better perception of the N.E.L.A real estate value at this time.
90027 – Los Feliz Homes Sold
gain of 36% in home value
90039 – Atwater Village / Silverlake Homes Sold
gain of 46% in home value
90041 – Eagle Rock Homes Sold
gain of 29% in home value
90042 – Highland Park Homes Sold
gain of 18% in home value
90065 – Glassell Park/ Mt. Washington Homes Sold
gain of 27% in home value
90026 – Echo Park Homes Sold
loss of 2% in home value
90032 – El Sereno Homes Sold
loss of 17% in home value
Let Raphael show you how to study these details in a confidential and private manner. The home search program, offered by Raphael, is custom and allows the home buyer or home seller to view detailed information. This home search program can identify homes sold as well as homes for sale in the N.E.L.A area. The information is readily available, easy and free to use.
Take action today and do not delay… Have Raphael share the expertise and guidance that a ‘resident’ Northeast Los Angeles Realtor can offer you.
Send your request to Raphael for a quick and private response.
Mt. Washington Home Buyers Tip
Mt. Washington Home For Sale
A special offer is out for home buyers in the Mt. Washington community of northeast Los Angeles. Raphael can assist you in this N.E.L.A home just listed for the minimal amount of ONLY $197k for a great little California Bungalow.
This is a home with a canyon view, hardwood floors and custom built-ins with a wonderful deck. The updated kitchen has granite counter top along with custom cabinetry. A separate laundry room and central A/C are also there. The home is only 650 sq. ft. on a small lot of 2820 sq. ft. BUT it is a N.E.L.A bank-owned property with a great price to start.
It is time to act now and submit that offer, if prequalified by the right lender. The community also offers one of the best elementary schools in California. A known factor with many is that Mt. Washington residents care and maintain the uniqueness of this northeast Los Angeles neighborhood, which makes it so desirable. Living in this community is also a commuters dream as the Metro Gold Line is right at the bottom of Crane. This home is perfect for that investor or first time home buyer seeking a nice California Bungalow in a Northeast Los Angeles home.
Raphael can take you to a home owner status in obtaining this bank-owned property. Feel like the home is to small but the Mt. Washington neighborhood is right, as a home buyer? Ask Raphael a few questions and get a quick confidential reply. Feel that a Mt. Washington home search is in order? Raphael offers a great, easy, no complication home search for you to use.
Remember, when it comes to bank-owned homes one must act ‘QUICKLY’…
