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Checking In: Silver Lake's Waterloo Goes Rental

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Waterloo Town Lofts, a four-unit development located at 1017 Waterloo (off Marathon St) was originally planned as a condo building and units were slated to sell for between $699,000-$749,000. Ahh, the switcharoo. Waterloo has gone rental--the 1,500-and 1,600-square foot three-bedrooms are renting for around $3,500. Later this year, some of the units may be put back on the market (likely listed in the $600,000 range). Also, we're told Waterloo is the dividing street between Echo Park and Silver Lake. Who knew.