5 OVER 100 (Los Feliz)

DOM (Days On Market) Sounds a lot like RIP. Why are these amazing houses languishing on the block for more than 100 days when others sell in multiple offer situations seemingly immediately?  The answer is simple: Price.  Buyers in today’s real estate market are extremely savvy.  They have a myriad of tools at their fingertips that allow them to develop a keen insight, understand trends, become astute when it comes to value and pricing and really know the micro-area where they want to buy.  If a property is overpriced, the likelihood that it will sell is minimal.  This is where a disconnect between buyers and sellers resides. 

Buyers have done their homework, and in many cases, sellers have not.  In these instances, we have spectacular homes that are simply priced too high for the market. 

I see this as an opportunity.  My suggestion is that you not be afraid to make an offer that is (seemingly) insultingly low relative to the asking price but right on target for the market.

This time, we take a look at Los Feliz.  Here are five incredible properties suffering from an inflated ego.  Stay tuned for other neighborhoods in the coming days!

If you are in the market and want to see these, or any properties, please let me know. Shoot me an email, send me a text or call me anytime. Click for details.

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MINTZ

2532 Wild Oak | 2,995,000 | 259 Days

2549 N CATALINA ST | $3,550,000 | 165 Days

5699 Holly Oak Dr. | $2,599,000 | 159 Days

2661 Aberdeen Ave | $2,995,000 | 134 Days

3824 Carnavon Way | $1,395,000 | 137 then 27 Days

Spanish For "Wood"

Hitting the market this week is the best Atwater property I've seen all year!  Okay, so the year is only 12 days old... but still... GREAT HOUSE!

If you are looking for a totally "done," move in ready, exceptionally,  and tastefully renovated Atwater bungalow, you will definitely want this house.  The pictures tell the story.  If you want to see it, let me know.  Act quickly because it won't last long.

2 Bedrooms. 1 Bathroom. Huge, 6,750 SF flat lot. Built in 1923. Renovated in 2010.  Asking $599,000.

email me if you are interested:

MINTZ

Ivy League

Perched on a hilltop with intimate canyon views, this Echo Park bungalow took the prize today. It is priced perfectly at $599K but will likely sell for more as inventory is low and properties of this caliber are far and few between. There are a few recent comps within 1/2 mile in the $630k-$640K range.

For a house in the hills, the terraced yard is surprisingly expansive with mature foliage and much sought after seclusion, a covered patio and charming pathways. The home features updated systems mixed with 1920s charm. A wall of windows maximizes the view of the canyon beyond. Even though it was an overcast, gloomy day, the home was filled with light.

This house will sell quickly, so if you are interested in seeing it, you will have to act quickly!

Let me know! See This Echo Park Home In Person!

2126 Princeton Ave.

2 Bedrooms + 1 Bathrooms

1,224 SF

6,350 SF Lot

Built in 1928

Asking: $599,000

Hurst-Locker!

THIS HOUSE IS THE BOMB!  3437 Glenhurst, a gorgeous craftsman in Atwater was a major standout in this week’s lineup and believe me, I saw everything today.  The variety was seriously impressive, with homes ranging from a $5 million property in Beachwood Canyon to a $399K home with 5 one-car garages near Downtown LA. 

Atwater Village is one of those pockets of LA real estate that seems to have weathered the storm well.  Maybe it is due to the fact that cool retail and restaurant options have emerged at its borders.  Maybe it’s because unlike so many other parts of the city Atwater really feels like a neighborhood. You know what I mean… a real neighborhood replete with wide, tree-lined streets, neighbors waving at each other seeming genuinely happy to see each other and dogs.  Yes dogs.  They are being walked everywhere you look.

Why this property?  It’s a gem for many reasons.  First of all it has appeal from every angle (curb or otherwise).  It has been meticulously renovated with such obvious care and concern for its history.  It maintains all of the original details that make it charming, but has been upgraded to feel fresh and new. Unlike most homes of the era, this one is filled with light.

From the restored vintage stove to the picture hanging moldings one can’t help being brought back to a bygone era when quality materials were of supreme importance and exceptional craftsmanship was the norm, not the exception.

The grounds are whimsically landscaped. There is a gorgeous detached garage boasting wonderful barn doors and a separate back workroom that could easily be converted to “something else.” Trees line the street; character oozes from every pore and the staging is impeccable.  I defy anyone to not love this house!  I dig it!   www.mintzRE.com

3437 Glenhurst

3 Bedrooms

2 Bathrooms

1,249 SF

6,750 SF Lot

Built in 1912

Asking $599,000