Sunday, October 23, 2016

Eastside Property: Welcome to Echo Park’s million-dollar row

Park Drive has long been one of Echo Park’s most desirable streets, with sweeping views across the city and a location next to Elysian Park. To underscore Park Drive’s prime hilltop location, a trio of  million-dollar home sales has taken place within approximately the last  six weeks.  The most recent transaction involved a three-bedroom home on a large corner lot that sold for $1.057 million, according to Redfin. The buyers paid more than $100,000 over the asking price for the property.

The home sits down the block and a short walk away from two other Park Drive homes in the Elysian Heights section of Echo Park that also recently broke the million-dollar barrier, including the home of a former leftist and a two-bedroom,  midcentury modern home. The properties are the first Echo Park single-family homes to sell above $1 million in the past three years.

Andrew Garsten, who has lived on Park Drive for 15 years, says it’s not that hard to figure out why people want to live and pay top dollar to live on the street. “It’s simple – views, and across the street is Elysian Park.”

View Echo Park’s Million-Dollar Row in a larger map

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  1. Thank you gentrification .

  2. Many in the neighborhood feel that the homes sold for very fair, if not undervalued prices. Park Drive is that special and that nice. A unique street in Los Angeles.

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