LA mayor nets $1.37M profit on sale of Echo Park home

L.A. Mayor Eric Garcetti and his wife, Amy Wakeland, have sold their Echo Park home for $1.71 million, $55,000 over the asking price, the L.A. Times reported.

The couple bought the property for just $345,000 in 2000, records show.

Jacqueline Tager of Sotheby’s International Realty had the listing, while Neil Rain Persad of Kensington & Beverly represented the unidentified buyer.

The glassy home, which sits on about 0.5 acres, dates back to 1953 and comes with vegetable gardens and an outdoor seating area. It has three bedrooms and two bathrooms. The couple will remain at Getty House, the official residence of the mayor, the Times reported. [LAT] – Katherine Clarke