Echo Park, Los Angeles

[Adrian Chu]

I recently came back from a trip in LA.  

Wondering what locals think of the Echo Park area and the investment potential there?

[Lee L.]

Very hot market and hard to get a good deal. South of the 101 freeway, prices are a bit lower and not as desirable, although some agents or websites would call it Echo Park, it's actually Historic Filipino Town, which is very different...there are high-end rental developments coming up on Temple tbough. There's a lot crime around EP lake. Angelino Heights is a HPOZ area with gorgeous Victorian Homes. Elysian Heights has some really nice craftsmany homes, and a few duplexes...pretty much an "A" area. EP and Silver Lake tend to get nicer north of Sunset. Between the 101 and Sunset you have a good mix of SFR's and 2-4 units ... kind of a B area, but still expensive to rent or purchase. Homelessness is becoming a bigger and bigger problem. Rents are skyrocketing although there's rent control much like all of L.A. Lots of new housing developments coming on line in the area, and in downtown. Definitely a cool place to live. Check out theeastsiderla.com for more info