In Good Company: Glassell Park, California
To understand Glassell Park, California, it helps to understand the neighborhoods around this Northeast Los Angeles area. They include Atwater Village, Burbank, Eagle Rock, Elysian Valley, Glendale, Mount Washington and Silver Lake. As with many areas in NELA, property values are expected to increase by double digits in the next few years – due to location, the quality of the housing stock and the emergence from a recession that means more people are able to buy homes.
What buyers are looking for in Glassell Park varies. For some, it's new construction on the hilly terrain that defines much of the town. For others it's the classic California Craftsman-style bungalows. Parts of the town abut Rio de Los Angeles State Park and Forest Lawn Memorial Park.
A fixer-upper Craftsman home was recently listed for $300,000, which of course is a steal by Los Angeles standards. The median price (2013) of detached homes in Glassell Park is $531,000. A handful of houses list each year for more than $1 million while un-built lots sell for $50,000 and sometimes less. The median household income skews higher than Los Angeles overall, at $61,000 per year.
With a strong Hispanic and Filipino population, the median age of residents is about 37 years, with 51% of households containing married couples. Half of those homes have children 18 years and younger.
Students in Glassell Park are within the Los Angeles Unified School District, with the Alliance Environmental Science and Technology High School, a charter, a standout institution. Occidental College is close to Gossell Park.
Have you been to Glassell Park? Steve Aranda at 360 Real Estate Group would like to show you this interesting section of Northeast Los Angeles, having represented buyers and sellers in the area for the past 13 years.