Is Highland Park the next Echo Park? Only if the rents rise and parking spaces disappear, judging by a comparison of apartment rents in both neighborhoods. In his most recent Craigslist-based snapshot of apartment rents, apartment investor and blogger Moses Kagan found that the median rent of a one-bedroom Echo Park apartment north of the 101 Freeway came in at $1,150 versus $925 for Highland Park. The Echo Park median, based on listings that were posted on Feb. 16, was 24% higher than in Highland Park “though in Highland Park you almost always get parking and in EP, you almost never do,” Kagan said.
Kagan did not include any figures that Echo Park might be more parking challenged than Highland Park. But searching for a parking spot near Echo Park and Scott avenues on a street sweeping day would probably prove his point.