A newly remodeled Angeleno Heights bungalow went on the market this week offering sweeping views of Echo Park Lake below and the Hollywood sign in the distance. However, the $499,000 home’s perch on Echo Park Terrace will also provide the buyers a nearly unobstructed view of Echo Park Lake as it is drained and cleaned up during a two-year-long construction project that is expected to start early next year. The $84 million clean up will require an estimated 2,500 truck trips to haul out about 50,000 cubic feet of muck and soil. Before that muck is trucked out, some of it will sit in large piles to dry out, emitting a rotten egg-aroma strong enough that planners are recommending spending up to $50,000 to respond to complaints about the stink. It’s not going to be pretty to watch or smell. Still, as real estate agent Rob Kallick writes in his blog, the newly listed, three-bedroom home “offers a lot for the price and is in a terrific location.”
And, once the lake construction is complete, the buyers of the Echo Park Terrace home – will enjoy a front row seat to a cleaner lake and a spruced up park. Perhaps by then $499,000 will seem like a real deal.
748 Echo Park Terrace in Angeleno Heights. Take Sunset
Photo from theMLS.com