Thomas Bayles is one-to-watch as the leader in flipping Los Angeles’ hottest neighborhoods
Thomas Bayles, founder, and CEO of Urban Asset Group, is making history with the recent closing of his Eagle Rock property. Located at 5350 Neal Drive, the spectacular Mid-Century Modern set records as the most expensive home to sell in Eagle Rock with a sale price of $2.1M.
Originally purchased in August of 2015 for $917,000, the sale was finalized on Friday, September 22nd, 2017 at a closing price of $2,115,000. Per public record, no home in the history of the area has sold for more than $1.85M. Since the first quarter of 2016, sale prices in the Eagle Rock neighborhood have significantly increased by 11 percent.
“I am thrilled with the success of our latest project in Eagle Rock,” says Thomas Bayles, founder, and CEO of Urban Asset Group. “I live, work, and play in Los Angeles’ emerging neighborhoods, where new businesses are resonating with the millennial market.”
The five-bedroom, five-bathroom home features 4,602 square feet of living space as well as custom walnut cabinetry with Bianco Carrara marble countertops and white oak floors throughout. Located on a quarter acre lot, the home also features three grand stone fireplaces, vaulted ceilings, walk-in closets, and a unique indoor/outdoor swimming pool.
Voted the “2nd hottest neighborhood in America” by Redfin, this Neal Drive home is just one of the many properties Bayles has a hand in.
About Thomas Bayles:
Thomas Bayles developed a passion for real estate at a young age which motivated him to become a Mortgage Banker during The Great Recession at age 20. In 2012, Thomas leveraged his experience in the competitive Los Angeles real estate market and became the key investment strategist for Urban Asset Group, a Los Angeles based real estate investment company. Today, Thomas continues to advise homebuyers and investors on their home purchases, while managing UAG’s investment portfolio.
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