Posts Tagged ‘Highland’

Curbed – weekend open house: Industrial-Chic Flip by ReInhabit in Highland Park Asking $689k

Monday, January 12th, 2015

Open House: Sunday, Jan 11, 2015 between 1 PM – 4 PM; Tuesday, Jan 13 between 11 AM – 2 PM

6222 Bertha Street, Highland Park

Price: $ 689,000
Beds, Baths: 3 beds, 2 baths
Floor Area: 1,860 sq. ft.
Per the Listing: “New from design+build firm ReInhabit: a 3 bedroom, 2 bathroom home with guest unit tucked into a woodsy corner of trendy Highland Park. Artfully restored from the ground up it has high ceilings, exposed wood beams, oak floors and a custom-built kitchen with concrete countertops and tile backsplash. Original built-ins line the hallways and there are many one-of-a-kind elements including lighting fixtures made from salvaged materials. Upgraded systems include roof, HVAC and a re-stuccoed exterior. Downstairs bonus guest unit features a bedroom, bath and kitchen with its own HVAC zone. There’s a huge storage room and oversized 1-car garage with direct access to the home. Outside is a rear patio plus an observation deck, a cool perch to relax or dine while taking in sweeping treetop views. Kitchen Mouse, My Taco, Good Girl Dinette, Pop Physique – the very best of Highland Park is right up the street, a surprise given this quiet and verdant setting.”

Score another hit for ReInhabit—as illustrated by its previous listing photos, this property was a depressing, stucco-sheathed horrorshow before the flip firm got its hands on it six months ago (for $ 375,000) and gave it their trademark industrial light and magic treatment. The reincarnated residence seems likely to sell quickly, if the throngs who showed up to its Saturday open house despite the rain are any indication.

6222 Bertha Street [Official site]
6222 BERTHA St [Redfin]

Curbed LA

4 Sale – 1824 S Highland Ave, Los Angeles, CA 90019, $1,199,000 8 baths

Tuesday, January 6th, 2015

4708 sqft, 8 baths, property in Los Angeles, CA – Mid City
Trulia Real Estate Search – Los Angeles

Curbed – GentrificationWatch: Meet the Woman Driving Highland Park Gentrification By Convincing Landlords to Jack Up Rents

Sunday, December 28th, 2014

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[Image via Waltarrrrr / Creative Commons]

In Highland Park, a “Going Out of Business” sign rapidly followed by the opening of a store selling stuff that only a handful of the neighbors could afford is one of the most visible signs of gentrification, but it’s also the last step in a whole chain of events that aren’t nearly as easy to see. For their excellent, in-depth investigation into the changing neighborhood, Marketplace talked to a commercial real estate agent named Nicole, who knows a lot about that less conspicuous part of tenant turnover—Nicole’s job is make the change happen, first by finding commercial tenants who are paying relatively low rents, and then by kicking them out.

The professional euphemism for Nicole’s job is “retenanting,”; it’s the practice of finding retail buildings where tenants pay low rents, getting landlords to boot those tenants, and then finding new tenants who will pay higher rates for the same spaces. In this scenario, the building owner becomes Nicole’s client and she makes commission when new, fancy tenants move in. Neither Nicole nor Marketplace mention any locations where she has already retenanted, only that she’s “staking out” the swap meet on Figueroa and the Frank’s Camera next door. (Frank’s Camera recently sold to people who are trying to get a bar and creative offices into the space, so looks like she’s not going to be able to work her magic there.)

The job’s not usually an easy one, as property owners can be hard to track down. But it’s not too much of a problem if you’ve got acting chops: “What I typically do is I go in, I see a store that’s like an old appliance store that’s not going to last for another year or so, so I try to figure out how to get in touch with the owner – like say that I got hit in the back parking lot and I need to call insurance, so I need the property owner’s information.”

That’s the most taxing part of the job, though, because once she tells retail landlords what they could be getting for their space, it’s a done deal. “Going Out of Business” signs go up, tenants move out. Nicole herself acknowledges that this all sounds pretty bad, but seems to have made peace with the distasteful bits of the job: “I do feel bad. But it is a business. And when these people are paying under-market rents, and we have a client that owns the property, we have to look out for our client’s best interest.”
· York & Fig [Marketplace]
· Highland Park’s Worst Gentrification Fears Are Coming True [Curbed LA]

Curbed LA

4 Sale – 1940 N Highland Ave #79, Los Angeles, CA 90068, $585,000 2 beds, 2 baths

Friday, December 12th, 2014

1769 sqft, 2 beds, 2 baths, condo in Los Angeles, CA – Hollywood Hills
Trulia Real Estate Search – Los Angeles

4 Sale – 1940 N Highland Ave #8, Los Angeles, CA 90068, $450,000 2 beds, 2 baths

Saturday, November 1st, 2014

1067 sqft, 2 beds, 2 baths, condo in Los Angeles, CA – Hollywood Hills
Trulia Real Estate Search – Los Angeles

Curbed – Gentrification Face-Off: Depressed by the extremely depressing Highland…

Wednesday, August 20th, 2014

Boyle-Heights-Starbucks-8-17-2014-3-06-38-PM.jpgDepressed by the extremely depressing Highland Park Starbucks? Be jealous of the new one in Boyle Heights. The shop across from the Sears complex (which stands to receive a mega-overhaul) has all the trademarks of “the comfy albeit homogenized” coffee shop that the HLP outpost lacks: indoor seating, all that dark wood, a communal table. Regardless of location and fanciness, though, the Frappucinos are always the same. [ELA]

Curbed LA

Curbed – Cornerspotter: Cornerspotted: Avenue 56 and Figueroa in Highland Park

Saturday, July 12th, 2014

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[Image via Los Angeles Public Library Photo Collection]

You were right, FRM, this brick building is on the busy Highland Park corner of Avenue 56 and Figueroa. When it was completed in 1923, the building housed an elegant Masonic Lodge upstairs and retail downstairs. The upstairs quarters haven’t been a Masonic hangout since the early ’80s, but they do still host weddings, birthdays, quinceañeras, and other events on the regular. Downstairs tenants include popular eatery Good Girl Dinette and a field office for Councilmember Gil Cedillo.

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· Hint: Where Was This Brick Meeting Place in the Mid-1920s? [Curbed LA]

Curbed LA