Friday, October 21, 2016

A chunk of Echo Park now going for $2.85 million

Double lot on Sunset Boulevard is up for sale at $2.85 million

Eastside Property ECHO PARK — It’s been a few years since any new housing has been built along Sunset Boulevard in the central part of Echo Park.  The last new project, the Sunset 5 at Sunset and Portia Street, was built more than five years ago, with no other new development taking place. But, as property values and rents have risen, a double lot next to the Sunset 5 has hit the market at an asking price of $2.85 million, with the LoopNet listing promoting  it as an “ideal potential apartment, condominium or mixed-use development site.”

The the nearly 13,000-square-foot  property is currently occupied by a group of apartment units and a home, with one of the structures dating back to 1902, according to online property records.  The nearly $3 million asking price might seem steep but the listing says the property’s high-density zoning makes for a “redevelopment opportunity.” Says the listing:

Echo Park is undergoing a resurgence that rivals any in the Los Angeles area. The property is in a prime location just east of Echo Park Avenue and west of Dodger Stadium. This prime Echo Park location is walking distance to Echo Park Lake and Sunset/Alvarado.

Is this section of Sunset Boulevard ready for new homes or will it be several more years before any development takes place?

Eastsider Advertising


  1. There’s a beautiful old single family house and a 5 unit apartment on that property. That’s quite a few folks who will have to relocate. Sadly, this old home is not in the HPOZ for Angelino Heights which would save it from development.

  2. A few transit improvements (like a DASH bus on Sunset between Echo Park Blvd and Union Stn) could go a long way towards mitigating density related congestion.

    • Yes.

      Its hard to get downtown from Echo Park on the Dash. And the routes are very circuitous so it takes forever.

    • What about the 2 / the 4 / the 704? Plenty of transit from around that corner to downtown or union station already (although there ought to be another line to Union Station than the 704…)

      • The 2 and 4 don’t go to union station, you have to take a second bus there making it really complicated to get to the gold line, flyaway, etc. The 704 goes directly there but it’s an express line with a limited schedule. The latest bus is around 8pm weekdays and even earlier on weekends and holidays.

    • How about city buses that don’t make people captive audiences to loud, shrill television commercials? Los Angeles, moronic and venal to the end

  3. If you can’t build on Sunset, where exactly CAN you build?

  4. I’m not anti development at all. I happen to admire and am a fan of historical buildings like the single family home on this lot. When the new Library was built on Sunset many years ago, there was a beautiful old four-plex that was moved from the lot down the street to Angelino Heights where is sits now, fully renovated and lived in. Los Angeles is not known for it’s love and respect for architecture. If it weren’t for the folks that fought for historical zones, a good number of historical buildings in LA would be gone. My point is, without HPOZ rules, developers can generally tear down what they want and I do not think this is good for LA on the whole. Once again, I am not anti development, I am pro smart development.

    • understood alex, didn’t mean to jump on ya hard. but there is a limit on what is considered historical and for good reason otherwise progress will be stifled. I fail to see what would be special about these structures that would even deserve mention here…

  5. And the likelihood a developer is going to pay $2.85 million for the property and build affordable housing for middle class non-tech types? Zero.

    • why would you expect more for less money? Where does that ever happen? What new housing will do is provide more supply, and those tech dudes willing to spend big bucks on a nice, new apartment will move in here, and they won’t be competing with those looking for more affordable places, meaning those places will stay affordable. get it?

  6. Sunset 5 right next to this lot is a joke…they have their parking entrance off the stinky dusty alley behind Sunset, and I always see a Bentley pulling into this building. That’s what Echo Park is turning into!

  7. I live on sunset next to guisados . I will have to move cuz they sold the property to a developer. He wants to build apartments there . I been living there for 22years it’s very sad

Post a Comment

Please keep your comments civil and on topic and refrain from personal attacks. The moderator reserves the right to edit or delete any comments. The Eastsider's Terms of Use and Privacy Policy apply to comments submitted by readers. Required fields are marked *