Located in the northeast portion of Los Angeles, Eagle Rock, an eclectic area of Los Angeles named for a massive stone that looks like an eagle, was incorporated as a city in 1911. Located between Pasadena and Glendale, Eagle Rock is just "a stone's throw" (pun intended) from Downtown Los Angeles and from the heart of the nation's entertainment industry, making it a desirable area In which to live for commuters who work in those areas. It is home to Occidental College, a highly-respected institution of higher learning and the alma mater of such celebrities as Barack Obama and Ben Affleck. Residents of Eagle Rock typically possess a strong sense of community and prefer its slower pace and small town feel to the rush and crowdedness of many of the more urban areas in its proximity.
The median sale price for a single family home in Eagle Rock in May 2011 was $365,000, down a from the April 2011 median sale price $579,500 and from $495,000 in May 2010. For January through May 2011, total dollar sales volume for the 19 homes sold during the period was $9,244,183, also down from the 2010 figure of $13,760,555. For the period from January through May 2011, the average number of days that a home sat on the market before selling was 47, and 39 single family homes came onto the market during that same period.