Two on a Lot in Glassell Park

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Start with how beautiful these two homes are. Refurbished top to bottom by Kenihan Design.

Now do some math.

At at list price of $849,000, your 20% down payment puts your mortgage at something like $4,000 per month (round numbers here).

What kind of rent do you think you could collect for the smaller of these two houses? $2,500 per month? More? And you’d live in the larger unit, a 3 bedroom, 2 bathroom home with a detached studio.

A cool house, a great neighborhood, and a subsidized monthly mortgage payment. Contact us at Tracy Do Real Estate.

No Surprise: “Zestimates” are Usually Wrong

We won’t argue the fact that Zillow can be a useful tool. But it’s a tool with serious accuracy problems. As the LA Times notes, “nationwide Zestimates have a ‘median error rate’ of about 8%.”

8%? In the LA marketplace that’s a huge number, often translating to tens of thousands of dollars. If you’re looking to buy or sell a house, wouldn’t you like a more accurate idea of what it’s worth? Something more than generic sales data crunched into an algorithm?

Kick your Zillow habit. In the real world, houses have unique traits and nuances that speak volumes about their value. Having sold more Eastside homes than any other realtors for two years straight, we can safely say that we are market experts, with inside access to timely, reliable, accurate information. No “Zestimates” here. Just carefully thought-out analysis and an honest assessment of worth.

Contact us anytime at Tracy Do Real Estate.

2318 Lyric Ave. in Los Feliz

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Our new listing is a Mid-Century Modern in the coveted Franklin Hills neighborhood of Los Feliz. Artfully restored by renown design+builders ReInhabit, it is the ideal combination of original-meets-refreshed. Stop by this week, we’ll have open house this coming Saturday and Sunday. All the details and photos here. For a private viewing, contact us at Tracy Do Real Estate.