“We are going to definitely wait a few more weeks before doing anything,” Temple said. We are getting very positive feedback. A lot of people have commented on how home values in Echo Park have held up.”
Other Echo Park properties are meeting mixes results. One home buyer reports being outbid for a $569,000 home on Champlain Terrace that drew multiple offers. But other nearby houses have sat on the market for months. Trulia.com reports that the owners of 28 properties in the 90026 zip code have cut their asking prices from $7,000 to $120,000. Is this the fate awaiting 1837 Echo Park Avenue?