Back in May The Eastsider reported that an imposing Spanish-Colonial home – a city historic landmark – located across the street from Echo Park Lake had gone up for sale at $1.1 million. But apparently there has not been much interest in the approximately 2,800-square-foot residence, built in 1937, because its price has been cut four times since it came on the market as a trust sale. The most recent cut made this week has brought the price of the Glendale Boulevard home down to $799,500, according to Redfin. Will this lower price – more than 25% below the original – finally attract a buyer for Historic Cultural Monument No. 257?
August 27, 2014