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Friday, September 30, 2016

Do Echo Park home buyers prefer Craftsman-style or loft living?

The developers of the Sunset Five condos have had a difficult time selling the loft-like units in the newly built Sunset Boulevard project despite price price cuts and cutting-edge design. But perhaps the sellers of a $499,000 home five lots away will have better luck with buyers seeking classic Craftsman style in Echo Park and Angeleno Heights. Like the Sunset Five, the Craftsman house pictured at top left faces busy Sunset Boulevard – albeit high on a bluff – and backs up to a narrow alley. The 1908 Craftsman includes hardwood floors, built ins and about 1,800 square-feet of space, according to the listing on Trulia. Meanwhile, units in the Sunset Five, which recently switched brokers, feature 11-foot-high ceilings, wood and concrete floors, walls of glass and a “green focus” on sustainable design. Prices range from $469,000 to $599,000.

But if architectural styles don’t matter to some buyers, maybe the proximity to nearby bars is more important. The Sunset Five is directly across the street from the hipster-dive bar Little Joy. The Craftsman house looks out over former cop hangout, The Short Stop.



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