The Northeast community of Highland Park has been enjoying a long and successful period of gentrification.
The Northeast community of Highland Park is currently one of the most exciting up-and-coming neighborhoods in Los Angeles when it comes to buying and selling real estate. Highland Park has been enjoying a period of gentrification that has seen older neighborhoods and an abundance of character homes revitalized and remodeled, making Highland Park a much more sought after community like it's neighborhood to the North, Eagle Rock.
While such neighborhoods attract interest and excitement, the truth is, up-and-coming neighborhoods that are in a process of gentrification can be tricky to both buy and sell real estate. It is vital that homebuyers and home sellers consult only with proven experts who know and understand the ins and outs of buying and selling real estate in communities such as Highland Park.
The AP Real Estate Group has represented both buyers and sellers in many real estate transactions throughout Highland Park and the surrounding area. While properties in this area are currently "hot", only a knowledgeable agent can help prevent buyers from overpaying for a home that needs more work than it seems on the surface. Sellers must be diligent not to price their homes out of the market.
Highland Park is one of the oldest and most beautiful neighborhoods in Northeast Los Angeles. Eagle Rock borders it on the North, while Pasadena and South Pasadena are its neighbors on the East. Mt. Washington is located just to the South of Highland Park while Glassell Park borders Highland Park on the West. Part of what makes Highland Park such a draw is it's proximity to the historic Arroyo Seco Parkway, which makes a drive into downtown Los Angeles a mere ten-minute trip.
Highland Park has a population of just over 60,000 people living in approximately 17,500 individual households. As of January 2020, the average cost of a home in Highland Park has reached $756,000. Still, it has proven ideal for first-time buyers and house flippers because of the wide range of properties available for an equally wide range of prices.
Homes in Highland Park can be found in the lowland neighborhoods, but most homes in the community are found in artistic and creatively laid out streets dotting the hills, featuring classic bungalows with panoramic views of the area. The great majority of homes – about 68% – in Highland Park were built between 1900 and 1940. Most of these homes are either California craftsman bungalows or Spanish bungalows, mixed with older rustic turn of the century homes.
Because of this wide variety of home types, it is vital that you choose a real estate agent who isn't only familiar with Highland Park, but who is a bona-fide expert; one who understands not only the particulars of homes and neighborhoods, but also of the community, including schools and parks, dining and shopping.
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