It took more than four months, but a two-bedroom home in the Elysian Heights section of Echo Park changed hands last week for $1.125 million, according to Redfin. The mid-century home in the 2100 block of Park Drive sold below its $1.399-million asking price but, according to Redfin, the hillside property is the first Echo Park single-family home to sell above $1 million in the past three years. In contrast, more than 100 Silver Lake homes sold above $1 million during the same period.
The same 1,700-square foot house, which comes with a pool, views to the west and a location across the street from Elysian Park, sold for $1.079 million back in 2004 during the last real estate boom.
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