This is 1801 Bellevue in Echo Park and it's the cutest house I saw this week. It's a rehab/flip, and it's adorable. It has 3 beds, 2 baths, a den, a separate studio, and an oversize garage plus a front and back yard. It also has been really well-staged, and I'm crazy about good staging. I know that some people don't care for Echo Park, but this street feels really safe -- it's a cul-de-sac at both ends. Recently, the community has attracted many buyers who like both the traditional family housing stock and the urban feel. Plus, the city is re-doing Echo Park Lake.
Enough about how great this is. Here's how our transaction went. Or didn't go. The house was listed at $499k. It received 10 offers right away. One was from my very well-qualified buyers. Unfortunately, the bidding went up to (and maybe passed) $550k and the sellers took another offer. Damn. Damn. Damn. My buyers are disappointed but will live to fight another day. I'm disappointed, too -- this is something I would have bought if I were (much) younger and wanted the neighborhood!
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