Silver Lake Area Real Estate News And Information

Echo Park Condos - The Sunset Five condos in Echo Park still up for grabs

We haven't seen many newly constructed Echo Park Condos so the developers of the Sunset Five condo complex probably expected them to fly off the shelf.  You many have read my post about the Sunset Five condos in Echo Park.  I thought the units were over priced when they first came on the market, and 4 months later my opinion has not changed.

Below is a chart of the Sunset Five Echo Park Condos showing their relative size and price changes since they came on the market in October of 2009.

As you can see from the last column, the price reductions have not been significant. These units were originally listed with Furstenberg Realty.  From what I can see, there was nothing wrong with the agent or his marketing.  Like so many sellers, the developer failed to see that the "problem" is NOT the listing agent, but the price. These Echo Park Condos were relisted just days ago with Deasy Penner & Partners as if listing the units with an agent that "specializes" in architectural properties will really convince buyers to pay more than they should!  In my opinion, it's just another example of sellers having an inflated opinion of the value of their property.

Don't get me wrong, Echo Park is a great place to live but this complex is not like the Sunset Silver Lake lofts with their great locations within walking distance of Sunset Junction and The Cheese Store of Silver Lake.  These Echo Park condos are surrounded by some pretty shabby looking homes with a bus stop right in front.  Sure, this section of Sunset Blvd may someday be the place for all things hip but you may have to wait a while.

If the idea of a newly constructed modern style Echo Park condo appeals to you, then by all means you should check out the Sunset Five units. They are open today and easy to show at your convenience so give me a call at 213-215-4758 if you'd like to take a look.  These units are ripe for bigger price reductions so let me help you get the right price if you'd like to buy one.

For more information on   Echo Park,Silver Lake, Los Feliz,  and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Copyright © 2010 By Jenny Durling *All Rights Reserved * Sunset Five Echo Park condos

Elysian Heights Story Book Cottage with views of the Hollywood Hills!

This is the perfect house for lovers of old architecture who want an unspoiled canvas to work with. The thick walls, curved fireplace and original windows and hardware make this a magnet for those that appreciate craftsmanship.  Put that together with a great location in the hills of Echo Park directly across from Elysian Park and amazing views from multiple windows and what else could you want?  The "moat and drawbridge' entrance to the front drawer only add to the charm.

I expected this Echo Park home to sell the first week it was on the market.  Priced at $675,000, this 1900+sf house has much to offer.  See it this Sunday from 1-4 or call me for a showing. I'm a fan of old architecture and don't need much of an excuse to go back for another look!

To see this property or for more information on Echo Park, Silver Lake, Los Feliz  and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

The Sunset Five - New Architectural Condos on Sunset Blvd in Echo Park

It seems a lot of buyers are looking for modern architecture these days and for those who like the open feel of a loft but also want to have walls and doors on their bedrooms, the Sunset Five in Echo Park could be an option. An option, if you're ready to be an urban pioneer.

Echo Park, has changed dramatically over the years and is attracting buyers who like the urban landscape and diverse culture.  This new development may be just what the doctor ordered or it may be a little ahead of its time for its particular location.

The modern exterior of concrete block, glass and corrugated metal is a sharp contrast to the surrounding properties. There are old homes on either side and across the street, a commercial strip of little shops and a neighborhood bar called Little Joy. It seems it may be a while before this particular spot is really hopping and new residents will have to put up with the bus stop in front of the building and traffic noise from Sunset Blvd.

The five units have been on the market for just over a month at this point and none of them have sold yet.  It may have more to do with the prices than anything else, though I was less than impressed with the interior finishes. I actually had to ask if the units were finished.  Apparently that was the look the architect was going for.

All five units have 2 bedrooms and 2 baths, one with an additional half bath and range in size from 1184 to 1765 sq. ft. Here's a break down of the units:

The development is the work of  award-winning architect/developer Chasen Architecture and was built with a focus towards green design.  The concrete walls and floors protect the interiors from extreme changes in temperate which should save on heating and cooling costs.  Some units have plumbing and electrical conduits install to allow for future installation of solar panels shoul d the new owner want to install them.

Do I think these units will sell?  Of course  they will, but it feels like they are priced as if they are located in Silver Lake and not in Echo Park.  If the units come down to a price more in line with the location, I expect they'll sell pretty quickly.

To see these units or for more information on Echo Park, Silver Lake, Los Feliz  and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Bank owned Mid Century Condo in Echo Park just came on the market

That's right! A unit in the cool Mid Century modern complex in Echo park is bank owned and ripe for the picking! 

If you haven't heard of Lago Vista in Echo Park, Check out my recent post on this property.

 The complex was designed by a Mid Century Modern architect by the name of Allyn E Morris.

Unit # 203 came on the market Sept 10, 2009 for the listed price of $371,000.  This unit is a 2 bedroom,  bath condo with a teriific view of Echo Park Lake and all the amenities of Lago Vista including panoramic views, relaxing pool and security.

There is currently one other unit available in this Echo Park condo complex.  Unit 512 was the architect's own unit. It has been totally renovated and is the only unit with a working fireplace. It also has an extra large patio overlooking Echo Park Lake and comes with 2 dedicated parking spaces. This unit is in the back building and in great condition and is listed at $439,000. At $371,000 the bank owned listing is a bargain!

  If you are interested in either of these units or any other condos, houses, or income properties in the Silver Lake and Echo Park areas, call me directly at 213-215-4758 or check out my website at LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Lago Vista is a Cool Mid Century Modern condo complex with all units overlooking Echo Park Lake!

There are a lot of folks living in and around Silver Lake and Echo Park who probably don't know that this particular condo complex exists. It's known as Lago Vista.  The complex was designed by a Mid Century Modern architect by the name of Allyn E Morris.  He liked to weave his slender structures to follow the shape of the land.  His first home was the Max Bubeck house in Eagle Rock, built in 1956 and he designed a number of inventive houses, apartment buildings, offices and shopping center. Most of his work included moderns properties built in the 50's, including his own house and studio in Silver Lake.

Lago Vista is a condo complex in Echo Park, created circa 1973 and if you can get a bird's eye view, it's obvious how he allowed the shape of the space to determine the shape of the structure. 

It's a uniquely designed midcentury modern built right at the cliff's edge with he lower building curves right along the ridge of the cliff that overlooks Glendale Blvd and the Echo Park Lake and california bungalows below.  It's quite a stunning piece of architecture offering panoramic views over the lake and downtown Los Angeles to all of it's units. The complex is divided into two buildings with manicured grounds, gated/secured entrance and parking with a lovely teardrop shaped pool.  All units are 2-level, townhouse style with walls of glass and balconies to take in the glorious views.

There are currently two units available in this Echo Park condo complex.  Unit 512 was the architect's own unit. It has been totally renovated and is the only unit with a working fireplace. It also has an extra large patio overlooking Echo Park Lake and comes with 2 dedicated parking spaces. This unit is in the back building and in great condition and is listed at $439,000.

 

 Unit 313 is also available and is located in the front building. It's right at the curve of the structure and offers a commanding view of Down Town Los Angeles as well as Echo Park Lake below and Angelino Height across the lake. Priced at $399,000, it's a great deal for such a prime location in a stellar complex.

 For more information on the Allyn E Morris and other midcentury modern architects, check out the book Forgotten Modern: California Houses 1940-1970 by Alan Hess.

 If you are interested in either of these units or any other condos, houses, or income properties in the Silver Lake and Echo Park areas, call me directly at 213-215-4758 or check out my website at LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com