Property Report

“Our home in Venice would easily be a $1.5-million home,” said Jillian Dillon, 33, recalling bidding wars she and her husband endured before realizing the Westside was out of reach. Shown with her is daughter Staley Rae and the family’s dog, Guv’nor.  (Christina House / For The Times)

Jillian and Mark Dillon scooped up a 1908 Craftsman bungalow for $442,000. It’s a mile from an Expo light rail stop, which she predicts will boost their property value in years to come.  (Christina House / For The Times)

Mark Dillon relaxes with daughter Staley Rae at home in Jefferson Park.  (Christina House / For The Times)

Mark and Jillian Dillon hang out in the backyard of their Jefferson Park home with daughter Staley Rae and dog Guv’nor.  (Christina House / For The Times)

Investor Joseph Rasson poses for a portrait in a home he is rehabbing to flip in the Jefferson Park and West Adams area.   (Katie Falkenberg / Los Angeles Times)

Supervisor Will Canas works on a home on South Burnside Avenue that is being rehabbed to flip by an investor. As home prices have soared in hip northeast L.A., high-end flippers have moved south.  (Katie Falkenberg / Los Angeles Times)

Around USC and to the west, developers are scooping up older Craftsman and Spanish-style homes, fixing them up and selling to new arrivals from the Westside, downtown and West Hollywood. Above, a neighborhood in the Jefferson Park and West Adams area.   (Katie Falkenberg / Los Angeles Times)