Congress has cut federal funding for public media — a $3.4 million loss for LAist. We count on readers like you to protect our nonprofit newsroom. Become a monthly member and sustain local journalism.
Eagle Rock near the top of the trendiest neighborhoods, according to online real estate company Redfin
Listen
• 2:00
Eagle Rock, CA is listed as number 2 in the country for Redfin's Hottest Neighborhoods of 2014 list.
(
Redfin
)
Eagle Rock, CA is listed as number 2 in the country for Redfin's Hottest Neighborhoods of 2014 list.
(
Redfin
)
When it comes to trendy neighborhoods, Eagle Rock in Northeast LA is near the top, according to the latest list by online real estate firm Redfin.
Anybody who has been on the hunt for a house in the area could tell you Eagle Rock has been emerging for a while.
“We make a lot of money emerging. And we have been for a long time,” said Tracy King, a realtor with Teles Properties. King has been selling property in the area for 25 years, and she said in the last year, home prices went up 25 to 30 percent. King said now in Eagle Rock, list prices are just starting points.
"Where Silverlake goes when it gets pregnant"
Support for LAist comes from
Still compared to other eastside hipster neighborhoods like Echo Park or Silverlake, King said Eagle Rock is a draw because it is more affordable for new families. “One hipster woman told me Eagle rock is where Silverlake goes when it gets pregnant,” she said.
The Coffee Table Café on Colorado Blvd., is on one of Eagle Rock’s main drags. Independent shops and restaurants line the street. The community sits between Pasadena and Glendale in Northeast Los Angeles. King said more yoga studios and cheese shops are on the way.
Why Eagle Rock ranks so high
“People are looking for a good price, short commutes and proximity to restaurants or parks and open spaces,” said Redfin real estate researcher Tommy Unger. He came up with the national Hot Neighborhoods in 2014 list. It ranks Eagle Rock second in the country. He said it won the spot because it saw a big boost prospective buyers. “We were looking for neighborhoods that are on upward and significant trends. Eagle rock did jump up and increase in popularity in a very short period of time,” Unger said.
Neighborhood resident Elizabeth Swain and her friends just finished a pilates class at a nearby studio and they were having coffee with mats rolled up beside them. "I’ve lived here for five years I came from New York and I love it. You can walk in Eagle Rock. It's lovely," said Swain.
Swain said she is glad neighborhood home prices are going up. But doesn’t plan to move anytime soon.
Burned after the last bubble
On the flip side, some homeowners in the area got burned after the last bubble burst. Luis Reyes is one of them. And he said the rising prices are pushing some people out.
“What happened in the previous bubble, the blame was placed on sub prime lending and easy access to loans. So now that that has been cut off, the average person, I don’t think there’s any way they can afford a property in this area," said Reyes.
Reyes himself has been fighting foreclosure. He said if things get worse, the increase in property values may help him.
“Then selling the property could be an option to help me get back on my feet. But I would prefer not to have to do that," said Reyes. He said he would much rather stay in Eagle Rock.
Redfin developed the ranking based in part on the number of searches people did for properties in each neighborhood.
As Editor-in-Chief of our newsroom, I’m extremely proud of the work our top-notch journalists are doing here at LAist. We’re doing more hard-hitting watchdog journalism than ever before — powerful reporting on the economy, elections, climate and the homelessness crisis that is making a difference in your lives. At the same time, it’s never been more difficult to maintain a paywall-free, independent news source that informs, inspires, and engages everyone.
Simply put, we cannot do this essential work without your help. Federal funding for public media has been clawed back by Congress and that means LAist has lost $3.4 million in federal funding over the next two years. So we’re asking for your help. LAist has been there for you and we’re asking you to be here for us.
We rely on donations from readers like you to stay independent, which keeps our nonprofit newsroom strong and accountable to you.
No matter where you stand on the political spectrum, press freedom is at the core of keeping our nation free and fair. And as the landscape of free press changes, LAist will remain a voice you know and trust, but the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news from our community.
Please take action today to support your trusted source for local news with a donation that makes sense for your budget.
Thank you for your generous support and believing in independent news.
Chip in now to fund your local journalism
(
LAist
)
Trending on LAist
-
The L.A. City Council approved the venue change Wednesday, which organizers say will save $12 million in infrastructure costs. -
Taxes on the sale of some newer apartment buildings would be lowered under a plan by Sacramento lawmakers to partially rein in city Measure ULA.
-
The union representing the restaurant's workers announced Tuesday that The Pantry will welcome back patrons Thursday after suddenly shutting down six months ago.
-
If approved, the more than 62-acre project would include 50 housing lots and a marina less than a mile from Jackie and Shadow's famous nest overlooking the lake.
-
The U.S. Supreme Court lifted limits on immigration sweeps in Southern California, overturning a lower court ruling that prohibited agents from stopping people based on their appearance.
-
Censorship has long been controversial. But lately, the issue of who does and doesn’t have the right to restrict kids’ access to books has been heating up across the country in the so-called culture wars.
Best of LAist