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Monday, September 26, 2016

Eagle Rock condos gets a vote of confidence – and an offer – from city council candidate*

By Maria Hsin

There have been far more lookers than buyers at the 32-unit Oxy Lofts despite some aggressive price cuts, with starting prices in the $400,000 range getting whacked by $100,000.  But one of the two offers now on the table comes from a  neighborhood celebrity of sorts: city council candidate Rudy Martinez.  Martinez, who lives in Eagle Rock, is in escrow to purchase a top floor, corner unit, said Wolf Baschung of MW Real Estate Group. The restaurant owner and house flipper is familiar with the Eagle Rock Boulevard condos since his campaign office is located in the building.

Martinez is running  against incumbent Jose Huizar to represent the 14th Council District, which includes Eagle Rock.  The L.A. Weekly called the race a “loud, nasty soap opera,” with allegations surfacing that include rumors about an FBI investigation and the misuse of an LAPD badge that allegedly belonged to a dead police officer.

Martinez’ ground floor campaign office is separated from the main lobby by a temporary wall. Wolf said the developers will eventually sell or rent that space out permanently after the March 8 election. The area occupied by the campaign has its own entrance (the doors are accessible from the street) and it appears it is possible to separate that area for future office or retail use.

Correction: A previous version of the post said the starting prices had been reduced to $259,000. That’s wrong. Prices currently start at $359,000.

Related posts:
Hey, Oxy Lofts drops prices. Curbed L.A.
Bauhaus meets burgers in Eagle Rock condo project. The Eastsider

Photo from Oxy Lofts website



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3 comments

  1. Huizar has got to go.

  2. Have you SEEN the smoke issuing from The Bucket next door to this project? All day long. You’d need a bucket close by to cope with that! Uck!

  3. Hmmm Burgers and Beer!!!

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