FAQs: Your Burning Questions About 90027 Real Estate, Answered
Q: What’s the average price of homes in 90027? A: Buckle up, buttercup. As of November 2024, the median home price in 90027 was sitting pretty at $2,035,000. But don’t let that number scare you off—remember, this includes everything from cozy one-bedrooms to sprawling estates. It’s like comparing apples to, well, very expensive apples.
For a more detailed breakdown: – One-bedroom homes: Around $735,000 – Two-bedroom homes: About $1.1 million – Three-bedroom homes: Approximately $1.9 million – Four-bedroom homes: Around $2.4 million – Five+ bedroom homes: About $3.2 million
Remember, these are median prices. You might find gems like the 4-bedroom at 3926 De Longpre Ave listed for $899,000, or splurge on a mansion like the one at 2424 Nottingham Ave, a 10-bedroom, 12-bathroom home with 10,403 square feet, listed for $16,995,000.
Q: How long do homes typically stay on the market in 90027? A: In the fast-paced world of 90027 real estate, homes were averaging about 36 days on the market as of September 2024. But here’s the plot twist: that’s actually a 150.9% increase from the previous year. It’s like the real estate gods decided to give buyers a fighting chance. Still, in this zip code, if you snooze, you lose.
Some sources suggest homes can fly off the market in as little as 45 days. Remember, in September 2024, 10 homes were sold or pending in 90027, with 50% sold under asking price, 10% at asking price, and 40% over asking price. It’s a mixed bag, but one thing’s for sure—when you find your dream home, be ready to pounce.
Q: What architectural styles can I expect to find in 90027? A: Oh, honey, what can’t you find? 90027 is like a walking tour of architectural history. You’ve got your classic Spanish Revivals rubbing elbows with sleek Mid-Century Moderns. There are Craftsman bungalows that’ll make you want to take up woodworking, and contemporary marvels that look like they’ve been beamed down from the future. It’s like someone took all the best parts of LA architecture and sprinkled them liberally over Los Feliz.
For example: – Spanish Revival: Look for red-tiled roofs, stucco walls, and ornate ironwork. – Mid-Century Modern: Think clean lines, large windows, and integration with nature. – Craftsman: Characterized by low-pitched roofs, wide eaves, and handcrafted wood details. – Contemporary: Expect innovative designs, sustainable features, and bold architectural statements.
Remember that mansion at 5107 Los Hermosos Way? It’s a prime example of the luxury homes you’ll find here—5 bedrooms, 7 bathrooms, and 7,667 square feet of pure architectural bliss.
Q: Is now a good time to buy in 90027? A: Is it ever a bad time to buy a slice of Hollywood heaven? But seriously, with inventory up 17.6% from last year, you’ve got more options than a Cheesecake Factory menu. Plus, with 50% of homes selling under asking price, there’s room for savvy buyers to make moves. Just remember, in real estate timing isn’t everything—it’s the only thing.
Consider this: In November 2024, there were 48 homes sold, up from 39 in the same month the previous year. That’s a clear sign of a dynamic market. And with some homes selling below asking price, you might just snag a deal if you play your cards right.
Q: Are there any hidden gems in 90027 I should know about? A: Hidden isn’t really in 90027’s vocabulary—this neighborhood likes to flaunt what it’s got. But if you’re looking for insider tips, keep an eye out for homes near the lesser-known entrances to Griffith Park. You get all the nature without the tourist traffic. And don’t sleep on the pockets of mid-century homes tucked away on the quieter streets. They’re like finding a vintage Chanel at a thrift store—rare, valuable, and oh-so-chic.
For example, that multi-unit building with 17-18 units on a 21,694 sq ft lot in the heart of Los Feliz? That’s not just a property; it’s a potential goldmine for the right investor. Or consider the smaller residences, like the 1-bedroom, 1-bathroom home at 4511 Kingswell Ave. At 560 square feet and listed for $995,000, it’s a compact slice of Los Feliz life that could be perfect for the right buyer.
Q: How competitive is the market in 90027? A: Let’s put it this way: buying a home in 90027 is like trying to get a reservation at the hottest restaurant in town—on Valentine’s Day. It’s competitive, but not impossible. With 40% of homes selling over asking price, you’ve got to bring your A-game. But remember, in this market, being prepared is your secret weapon. Get pre-approved, know your budget, and be ready to move fast when you find the one.
The 90027 housing market is described as competitive, with many homes receiving multiple offers. However, it’s not all bidding wars and heartbreak. Remember, 50% of homes sold under asking price in September 2024. That means there’s room for negotiation if you’re smart about it.
Take a page from the Bryant Reichling Team’s book. They once helped a client sell a home in Los Feliz for $315,000 over the listing price through strategic pricing and marketing. As a buyer, you need to be equally strategic. Know the market, work with a top-notch agent, and be ready to make your move when the right property comes along.
