As we move into 2017

Experts agree that small-lot housing is an important solution to Southern California’s housing crisis. Here’s a great piece in the LA Times focusing on the small lot home as both an affordable option in a market of scarce offerings and a step towards urban renewal and smarter use of space. We couldn’t be more in agreement and are so proud to represent several small-lot communities in LA that are available now or coming very soon in 2017. Take a look below – maybe one of them is right for you?

Manzanita – New Homes for sale at Sunset Junction in Silver Lake

Covo – New Homes for sale in Silver Lake

The Hampshire – Contemporary New Homes in Los Feliz

The ERB – New mixed-use + single family residences in Eagle Rock

The Glen LA – New collection of single family homes in the Valley Glen

This Silver Lake of ours

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If you are thinking of buying a home in Silver Lake, you are perhaps wondering about the future fate of the Silver Lake reservoir. This veteran of LA water infrastructure system was built in early 20th century by William Mulholland and meant to serve as an alternative source of water should the city aqueducts fail. The reservoir was recently drained, following a change in regulations that required reservoirs to be covered.  A dry basin at the moment, it awaits the spring when, according to City Councilman David Ryu, it will start to be refilled again.  In the meanwhile, the dusty void poses a gaping question that Silver Lake Forward, a group of community enthusiasts invested in the future of the lake, seeks to answer with design assistance of  Mia Lehrer + Associates.

Archdaily reports that the group’s conceptual plan “aims for the gradual reintroduction of natural landscape ecologies by artificially raising the reservoir’s floor and converting the complex into a 31-acre park. The scheme features lookout points, boardwalks, and a series of small islands set aside for roosting water birds.” This certainly sounds like an exciting preposition! Head over to Silver Lake Forward to learn more about the plan, and if you are curious about how the state of the reservoir affects  the Silver Lake real estate market, take a look at the story over at Eastsider where our own Tracy of Tracy Do Real Estate and Rob Kallick of Sotheby’s International Realty weigh in on this important issue.

Let the Builders Build

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If you are looking to buy a house on the Eastside, you already know the story: prices are rising. Read this fascinating article on Medium and you will understand why the Tracy Do team supports the development of new housing in LA.

We’re not saying that homes should be built “wherever.” But make no mistake, sensible urban density is the only answer moving forward. Without it, our crisis of soaring rents and a lack of affordable entry-level housing will only get worse, just as it has for our upstate neighbors in San Francisco.

Tracy Do in the News

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Tracy was consulted for, and is quoted in, a great article by Emily Manthei. If you’re thinking about selling your home in Silver Lake, Echo Park, anywhere on the Eastside, it’s a must-read. Find it here.

And never hesitate to call us! We’re here to help prepare your home for market, set the right price and get it sold quickly for the highest possible value. Find us anytime at tracydo.com.

Four on a Lot in Glassell Park

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Among our newest listings is this remarkable property, a fourplex in Glassell Park. The street-to-street compound includes a gorgeous, completely remodeled 2000+ square foot Spanish style home plus three casitas, aka the rental units of your dreams.

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Here’s the upstairs Master Suite of the main house which has a fireplace, walk-in closet, a stunning attached bathroom with clawfoot tub, two patios and gorgeous, panoramic views of the surrounding hillsides.

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The casitas are arranged around a courtyard, completely detached with their own meters for gas and electric plus laundry hook-ups. Best part? VACANT! All of them. You can move right into the main house and start renting out the casitas at market rates.

For a detailed description and gorgeous photo tour, head here.

The open house schedule and contact info is on our website, tracydo.com.

A Simple Matter of Supply and Demand

From today’s Los Angeles Times, and this is certainly the primary reason behind the high cost of local housing right now. Another more underlying factor, in our experience, is that we see a lot more buyers moving here from other places, namely NYC and the SF bay area.

Believe it or not, our market is “a bargain” compared to theirs.

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As frustrating as this is — don’t be frustrated. We can help, and will show you around pockets throughout the Eastside communities that we serve where prices are more attainable for many buyers.

Contact us anytime at tracydo.com.

The E.R.B. = New Homes in a Great Location

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Our upcoming listing The E.R.B. is close to Habitat Coffee, Pop-Hop Books, Matters of Space, Café de Leche and a whole lot more. It rates an 83 Walk Score (TM) — that’s really high! Can you imagine living in a brand new and very spacious modern home near all of these great places?

Lemon Poppy Kitchen • Auntie Em’s • Glassell Park Rec Center • Crossfit Eagle Rock • Starbucks • Highland Cafe • The York • Recess • The Hermosillo • Social Study • Scoops • Donut Friend • Wombleton Records • Namaste • York Park • So many others!

The E.R.B. is currently under construction at 4320 Eagle Rock Blvd, 90041. Expected availability in Fall/Winter 2016.

Join the interest list at www.theerb.com or email mark@tracydo.com for more info.

Good Times at a 5K Charity Run

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Tracy Do team members from left: Thais, Victor, Ronda, Eva, Tracy, Mark, Hanna, Jennifer

We work on Sundays and also find time to play. The Tracy Do team at Compass woke up extra-early yesterday to run for a terrific cause, the scholarship fund at the Silver Lake Conservatory of Music.

Special mention to Victor and Tracy who finished 1st and 2nd among team members (we’re competitive by nature, okay?)

Here’s the event t-shirt, we’re proud to have our logo featured as a co-sponsor. Rock on SCM!

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Sprawl is Bad and Smart People Don’t Like It

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The Atlantic’s excellent CITYLAB website has a pair of articles that matter to us, as we support sensible urban growth that increases residential density and accessibility in the neighborhoods we serve.

We have seen firsthand that educated young people are moving to urban centers in droves, in fact many of our clients put “walkability” on the very top of their wish list. Which is great for many reasons, one of them being that sprawl is extremely expensive. Oh and it’s horrible for the environment too.

To find your ideal urban dwelling, contact us at tracydo.com.