Whether you are looking for a home for you and your family, or you are an investor looking for an income property that will generate a positive cash flow, you will be sure to find what you need in the Eagle Rock, California real estate listings. Eagle Rock is located in the northeastern section of Los Angeles real estate with easy access to both the Glendale and Ventura Highways. This suburban area is known for having properties with beautiful natural vistas.
Known for having some of the most affordable real estate in Los Angeles, Eagle Rock also offers some of the most solid home values in the Los Angeles area. Home values have remained relatively stable in the past year, having not been affected by the real estate bubble as severely as most areas in California. For the second week in January 2013, the median sales price of homes was $619,000. Given the low inventory of homes in Eagle Rock and the lack of distressed properties on the market, the long-term outlook for appreciation in home and land values is positive. This indicates that both investors and homeowners can feel secure in their investment in Eagle Rock, California real estate.
Affordable single-family homes start in the low $300,000s and go up to the high $700,000s. Styles range from Spanish inspired bungalows to larger contemporary styled homes with all the most popular upgrades. Some lower priced homes are available that are well-suited for investors. With many people still trying to rebuild their credit from losing their homes during the foreclosure crisis, the rents are likely to continue to increase in the Eagle Rock area, which means the long-term outlook for maintaining full occupancy is positive.
Eagle Rock is a vibrant diverse community that is committed to preserving its historic architecture, while at the same time attracting new businesses. Additionally, Eagle Rock has been a long time mecca for aspiring avant-garde artists who are inspired by the natural beauty of the area.