Welcome to Curbed Comparisons, where we explore what you can rent or buy for a certain dollar amount in various LA ’hoods. We’ve found five homes and condos within $10,000 of today’s price: $680,000.
This Tujunga residence was built in 1953 and features airy interiors illuminated by walls of glass and wide panels of windows. The house has been recently renovated and it’s got a new HVAC system and surround sound speakers. Equipped with two bedrooms and one bathroom, the house has 1,133 square feet of floor space. Sitting on a 5,985-square-foot lot, it has an attached garage and an enclosed backyard with multiple patios. Asking price is $679,000.
How about this condo, located on the seventh floor of the Hollywood Versailles Tower, close to the intersection of Hollywood and La Brea? The 954-square-foot unit has one bedroom and two bathrooms, with a kitchen and bathrooms that have been recently remodeled and a private balcony. Shared amenities include a swimming pool, a fitness center, and a lobby lounge. Asking price is $685,000, and HOA dues are $803 per month.
This classic Spanish-style home in Highland Park was built in 1928. It sits on a compact 2,285-square-foot lot with patio space and a back deck that offers nice views across the neighborhood. Inside are original hardwood floors, though most of the house has been recently updated. It has three bedrooms and two bathrooms, with 1,142 square feet of living space. There’s even a basement with laundry and a bit of extra storage space. Asking price is $674,500.
This comfortable-looking home in Lake Balboa has three bedrooms and two bathrooms, with 1,246 square feet of living space. The kitchen has been recently renovated and offers new countertops and stainless steel appliances. The light-filled living room is equipped with a gas fireplace. Sitting on a grassy 6,001-square-foot lot with a detached garage in the back, the house is asking $679,900.
This Downtown LA condo is located in South Park’s EVO Lofts building. Measuring in at 1,020 square feet, it’s got a wide open floor plan (technically, it’s a one-bedroom, though there’s no dividing wall between the bedroom and the rest of the unit). The condo has wood floors, stainless steel appliances, a breakfast bar, and in-unit laundry. Building amenities include a swimming pool, a lounge, barbecue areas, and a fitness center. Asking price is $685,000, with HOA dues of $762 per month.
- Los Angeles Curbed Comparisons [Curbed LA]
Comments
People are going to crow about the cost of home ownership being so high, and they are going to lament the sad situation for young home buyers.
The fact is, the situation has repeated itself in the decades since I move to LA in the early 1980s.
Wait two to three years (maybe less). A recession of some degree is inevitable. Economic indicators point to one. When it happens, home prices will drop, and those with good jobs, savings, and a strong plan will have a opportunity to become owners of very good homes.
By BingoWest on 10.02.18 11:00am
Fingers crossed.
By Greyvagabond on 10.02.18 11:21am
I’m one of those waiting. Thank you for sharing your experience and being understanding.
By Kermit Kardashian on 10.02.18 11:09pm
Tell me 2 times in the last 100 years when the price of homes went down across the nation? I’ll give you one…
Waiting for home prices to go down is a futile proposition.
By SocalChill on 10.03.18 8:46am
Since we are discussing Los Angeles, here are three times since 1996 that housing prices have dropped in LA. 1990-1997 and 2007-2009 coincided with recessions. The 1990-1997 period also included a major earthquake in 1994 that depressed prices further.
1990-1997
2007-2009
2010 1/2 – 2012
http://www.jparsons.net/housingbubble/los_angeles.html
By BingoWest on 10.03.18 9:42am
above statement should state, "…here are three times since 1987" (not 1996).
By BingoWest on 10.03.18 9:48am
Don’t forgot that LA wasn’t a desirable place in the 90s because of the rampant crime and RIOT that took place in 1992.
By LAwastheplace on 10.03.18 3:57pm
Yeah I probably won’t be able to capitalize on the next crash because I pay too much for rent right now and can’t save. But maybe in 15 years there’ll be another one. I would love to see a graph showing average housing prices over time, it would allow for correlations in dip periods to be made to certain above-mentioned factors such as earthquakes, riots, recessions, etc.
By SC310 on 10.05.18 11:01am
Props to the Tujunga renovation. They sure managed to squeeze a lot of look out of 1100 sq. ft.
I picked the Hollywood condo, because Hollywood and actually for the money it looks like a decent condo, killer HOA fees, though
By mrjim1 on 10.02.18 11:07am
Some of those Hollywood Versailles tower units actually have really nice views (went to a dinner party at one of the top floor units years ago), but unfortunately this isn’t one of them and you still have the high HOAs…
By disqusted on 10.02.18 4:17pm
You had me at HVAC…
By JackLantern13 on 10.02.18 3:52pm
Have you noticed that all rehabs have the same ugly floors? Do it yourself. Avoid ugly floors!
By kenpasadena on 10.02.18 4:04pm
I like the "nobody was murdered here…probably…" basement in the Highland Park house. Great feature, adds tremendous value.
By disqusted on 10.02.18 4:15pm
Been a while since I’ve seen a House that is Slauson-Adjacent and not Ladera Heights/Liemert Park on here.
lulz
By midcityjuan on 10.03.18 11:18am