Thursday, October 20, 2016

Mayor Garcetti sells Echo Park home for $1.7 million

Eastside PropertyECHO PARK ––  Mayor Eric Garcetti and wife Amy Wakeland have sold their former residence in the Elysian Heights section of Echo Park for $1.705 million, according to Redfin.  That’s $55,000 over the asking price.

Garcetti purchased the Mid-Century house at the bottom of a large hillside lot on Avon Street 16 years ago for $345,000. He and Wakeland later expanded the home, which was featured in Dwell magazine, to about 1,900 square-feet. In addition, the couple  landscaped and terraced the nearly half-acre property.

Garcetti and Wakeland moved out of Elysian Heights about five years ago after purchasing a newly constructed Silver Lake home for $1.425 million. They sold that house three years later for $1.9 million and moved to the mayor’s mansion, which is owned by the city,  in Windsor Square.

Screenshot 2015-12-10 at 3.10.51 PM

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  1. Good for him! He had the smarts to buy into the neighborhood when it was dirt cheap and did some very tasteful upgrades to the place. I’m sure the anti gentrification cranks will cry about how he made too much money on the sale, but some people are children.

  2. How is this news? I feel sorry for the folks who have to read this pap. Oh, and the poor sob who paid 1.7 mill for such a dingy looking property. Yuck.

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