With its bay windows, balconies and peaked roofs, the nearly 5,00o-square-foot apartment house at the corner of North Edgeware Road and Colton Street is perhaps one of the most eye-catching examples of the large and classic-style homes and apartment buildings that dot the blocks on the southern fringe of Echo Park. A quick search of online archives did not turn up any info on who designed or built the 98-year-old structure (If you got any history, please share). However, the building gets more attention than most in this area because it stands alone on a hillside, looming over Vista Hermosa Park, which wraps around the wood-sided and shingled residence on two sides. But there’s a possibility this eye-catching piece of the past may soon, like many other nearby older homes and apartments, disappear under new development.
The building, which sits on an approximately 14,000-square-foot lot, went on the market this week at an asking price of $1.28 million, according to Redfin. The listing description is enough to put old-home lovers on bulldozer watch:
Great Development Opportunity. Can build 23 units Condominium … Seller is motivated.
The building, according to the listing, has been carved up into 13 units.