August 2011 Echo Park Home Sales

August 2011 Echo Park Home Sales

An 11-Unit Echo Park Apartment Building Sells for $650,000

If you’re an investor in L.A., chances are you’re compiling an impressive multi-family real estate portfolio in Echo Park.

While steady owner-occupied home sales continued in the month of August, it proved to be another sensational month for Echo Park investors who eagerly scooped up units.

An 11-unit on Alvarado sold for a meager $650,000, or approximately $59k per unit.  On the trendier, north of Sunset side of Echo Park, 2 units were a bit costlier.  A duplex on Mohawk sold for $715,000.

A bit rare, but no condos were sold for the month.  At a modest 944 square feet, the cute bungalow on Glendale proved better than a condo.  It sold for only $195,000.

For information on current inventory of Echo Park homes, condos, and income units, feel free to contact Jovelle Narcise at (213) 718-1110.

Single Family Homes

1625 Glendale Boulevard, 2+1 ~ $195,000

1839 Bellevue Avenue, 2+1 ~ $217,000 (Short Sale)

1625 Lucretia Avenue, 1+1 ~ $265,000

1801 Bellevue Avenue, 4+1 ~ $318,000 (REO)

227 N. Vendome Street, 3+2 ~ $350,000

650 Laveta Terrace, 2+1 ~ $377,000

229 N. Lake Shore Terrace, 6+3 ~ $434,000

1704 Morton Avenue, 3+2 ~ $450,000 (Short Sale)

1522 Sargent Place, 2+1 ~ $540,000

1828 Preston Avenue, 4+3 ~ $590,000

2475 Echo Park Avenue, 3+3 ~ $624,000

Income

1426 Glendale Boulevard, 3 units ~ $265,000 (Short Sale)

1571 Council Street, 4 units ~ $350,000 (Short Sale)

607 N. Rampart Boulevard, 3 units ~ $430,000

1313 Douglas Street, 3 units ~ $440,000 (Short Sale)

246 N. Alvarado Street, 11 units ~ $650,000

1310 Mohawk Street, 2 units ~ $715,000

1859 Echo Park Avenue, 5 units ~ $740,000


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