May 2011 Echo Park Home Sales

May 2011 Echo Park Home Sales

Single Family Homes

1012 Coronado Terrace, 5+2 ~ $529,000

Condos

142 Rosemont Avenue #9, 2+2 ~  $232,000 (REO)

Income 

709 N. Bonnie Brae, 2 units ~  $243,500 (Probate, Court Confirmation)

336 N. Bixel Street, 6 units ~  $328,000 (REO)

837 N. Benton Way, 3 units ~  $350,000 (REO)

1353 Waterloo Street, 3 units ~ $399,000 (Short Sale)

May in Echo Park signaled a buying frenzy for real estate investors throughout Los Angeles.  For the meager price of $328,000, an investor purchased 6 units in Echo Park in dire need of a re-do.  With the exception of 1012 Coronado Terrace, all of the sales in May were all real estate-owned foreclosures, short sales, and a probate.

For interest in current income-producing inventory in Echo Park, feel free to call Jovelle at (213) 718-1110.

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