The cost of living at Sunset & Alvarado: $3,295 a-month
The Eastsider had his doubts. Who would want to pay top dollar to live in Echo Park a few steps off Sunset Boulevard and Alvarado Street, above the constant roar of traffic, next to a car wash and across the intersection from where the homeless constantly get into fights by the Burrito King. Not everyone, however, is put off by all this commotion, which explains why the owners of the Echo1030 Lofts, which were completed last year just south of the intersection, can boast about having only two units left in the 20-unit apartment complex, according to a recent Craiglist posting. In order to fill up the building, the owners were offering six weeks free rent, which adds up when you consider they are asking $3,295 to start for a split-level unit.