It's a foregone conclusion at this point that the housing market on Los Angeles's Eastside is in the midst of a full-on bonanza. Median prices continue to soar in formerly quiet northeastern neighborhoods as homebuyers look to move into what they believe will be the next up-and-coming neighborhood. Even a fixer-upper can pull in an impressive price in today's market.
Take for example, this Boyle Heights house. It's a cute Victorian from 1901. The interiors retain most of the vintage little touches of the era that make these houses irresistible to homebuyers.
The front porch does need a little extra work, however, as it was damaged in what police called "an incredible violent accident" when a white sedan smashed into the home while fleeing a drive-by shooter. Two people were left dead.
In a testament to how insane LA's housing market truly can be, that horrific tragedy is still not enough to put a damper on the home's marketability. Despite its sad past, Eastsider LA reports this Boyle Heights crime scene has been labeled a "Hot Home" by the real estate website Redfin. The home's listing urges viewers to set up a tour of the home quick, because it probably won't last long.
Never mind the fact that there are still candles and flowers honoring the victims in the front yard, Redfin is predicting a "70% chance this home will sell in the next 7 days." The asking price for the home is $399,000, and Redfin estimates it will probably only fall $7,000 short of that number.
Interested homebuyers should look closely at the place before whipping out the checkbook. If the loss of human life in a horrible crime-related accident isn't enough to dissuade them from purchasing this home, maybe additional information from the crime scene will deter them. According to police on the scene, the crash was so violent, "the building was actually taken off the foundation." Now that news might actually deter an LA homebuyer.
- Site of Boyle Heights tragedy is now a Redfin "Hot Home" [Eastsider LA]
- 1550 Pleasant Ave [Redfin]
- Two dead after vehicle crashes into Boyle Heights home [Eastsider LA]
- Everywhere in Northeast LA Now Has a Median Housing Price Above $600k [Curbed LA]