What Did That Westwood Home Sell For?

The Westwood home at 1358 Holmby Ave., LA CA 90024 lasted 21 days on the market before accepting an offer on 10/25/11. Listed on 10/03/11 for $1,599,000 there were no price reductions during the listing term. This house had been completely renovated throughout and is in move-in condition. On 12/15/11, 1358 Holmby Ave closed for $1,453,140 |$541.81 $/sf|.
According to the MLS, the home is a 5 bedroom / 2.75 bath, 2,682 sf on a 6,621 sf lot.

What Did That Westwood Home Sell For?

The Westwood home at 1559 Club View Dr, LA CA 90024 lasted 15 days on the market before accepting an offer on 10/14/11. Listed on 9/28/11 for $1,595,000...no price reductions were needed to induce the sale. The home sits across the street from the Los Angeles Country Club and gets some peekaboo views of the golf course through the trees. This east coast traditional style home has some period details in tact, as well as various upgrades to the kitchen and baths. The bedroom mix includes 3 bedrooms with 2 upstairs and 1 down. I thought the backyard was spacious and featured a nice size grassy area and a pool. On 12/08/11, 1559 Club View Dr closed for $1,558,303 |$636 $/sf|. According to the MLS, the home is a 3 bedroom / 3.75 bath, 2,450 sf on a 8,100 sf lot.

The Westwood Bank Owned property at 2151 Pelham Ave LA CA 90025 received a price reduction this week of 3.49% or $27,200, down to $751,800. This property was listed on 8/12/11 with a starting asking price of $779,000 and has received one price reduction during the listing term. The previous sale for this property was back in 2005, selling for $937,500. 2151 Pelham Ave sits on the North / West corner of Olympic and Pelham and interestingly, used to be the location of Olympic Psychic Center. I wonder if they saw the foreclosure coming in their crystal ball... ok..ok, bad joke. According to the MLS, the home is a 3 bedroom / 3 bath, 2,057 sq ft of living space on a 5,397 sf lot.

The Westwood Little Holmby home at 436 Hilgard Ave LA CA 90024 received a price reduction of 2.88% or $46,000, down to $1,549,000. This home is being marketed as a corporate owned property and they are currently selling it as a fixer. The owners are in the process of obtaining permits from the city to do some heavy remodeling. Once the permits are approved, the sellers will commence the work and raise the asking price to $1,899,000. If the buyer gets in the process early enough, they may be able to pick out their finishes. According to the MLS, the home is a 4 bedroom / 5 bath, 3,267 sf of living space on a 7,040 sf lot.

The Westwood Little Holmby home at 10724 Lindbrook Ave LA CA 90024 just fell out of escrow and received a large price reduction of 8.58% or $120,000, down to $1,279,000.  Listed on 8/15/11 for $1,399,000, this property has been on the market for 104 total days. Previously, the home spent some time on the market in 2009 and 2010 but ended up leasing out instead of selling. There are some upgrades to this home which include a completely renovated kitchen. Additionally, this is the lowest priced home in Little Holmby and presents a good value to get into the highly desired neighborhood at this price point. According to the MLS, the home is a 3 bedroom / 3 bath, 2,455 sf of living space on a 8,100 sf lot.

What Did That Westwood Home Sell For?

The Westwood Spanish at 1322 Warner Ave., LA CA 90024 lasted 103 days on the market before accepting an offer on 11/7/11. Listed on 7/25/11 for $1,495,000, the property received one $100k price reduction during the listing term. This house had been completely renovated throughout and is in move-in type condition. On 12/13/11, 1322 Warner Ave closed for $1,330,000 |$630 $/sf|.
According to the MLS, the home is a 3 bedroom / 2.5 bath, 2,108 sf on a 6,750 sf lot.

What Did That Westwood Home Sell For?

The Westwood home at 2003 Midvale Ave LA CA 90025 lasted 159 days on the market before accepting an offer on 10/18/11. This property was a short sale and needed lender approval in order to make the sale go through. The property was listed on 5/10/11 for $1,275,000 and received 2 price reductions during the listing term, last ending at $1,218,000. On 12/8/11, 2003 Midvale Ave closed with a final sales price of $1,250,000 |$711 $/sf|, or $32k over the asking price.
According to the MLS, the home is a 3 bedroom / 2 bath, 1,756 sq ft of living space on a 6,750 sq ft lot.

The Westwood home at 2150 Glendon Ave, LA CA 90025 received a price reduction of 4.66% or $34,000, down to $695,000. Re-listed 4 days ago and originally listed 160 days for $839,000, this would be the 2nd price reduction in the 2011 calender year. Previously, the home spent some market time (about 122 days) in 2010 asking $839,000. According to the MLS, the features 3 bedrooms / 2 baths, 1,472 sf of living space on a 6,075 sf lot.

**PENDING**

The completely remodeled Westwood Hills home at 11158 Ophir Dr., LA CA 90024 lasted 19 days on the market before receiving an accepted offer on 11/21/11. The home was listed on 11/02/11 for $1,895,000. The last time this home sold, back in 2009 for $1,861,000, it sold over the asking price by $62k. In my opinion, this done, done, done home's best feature maybe it's extra large gourmet kitchen with vaulted ceilings, skylights, top of the line stainless appliances, a butchers block center island, breakfast area and more... According to the MLS, the home is a 3 bedroom / 3 bath, 3,159 sf of living space on a 10,214 sf lot. Will be interesting to see what this sells for in light of it's recent 2009 sale price and current asking price.

The Westwood home at 2252 Linnington Ave, LA CA 90064 received a price reduction this week of 4.7% or $54,000, down to $1,095,000. Listed 26 days ago for $1,149,000, this is the 1st price reduction of the current listing. This traditional house looks to have a fair amount of remodeling done to it and is in move-in type condition. The one downfall I see in this home is the 2+den status instead of full 3 bedroom home. It looks like the garage has been converted to a home office, complete with french doors and a/c & heat. According to the MLS, the home is a 2 bedroom / 2.5 bath, 1,744 sf of living space on a 6,750 sf lot.

What Did That Westwood Home Sell For At?

The Comstock Hills home at 1738 Warnall Ave, LA CA 90024 lasted approximately 20 days on the market before accepting an offer on 10/3/11. This home looks to have been completely remodeled throughout in a contemporary style and even included a pool in the backyard. According to the MLS, the home is a 3 bedroom / 2 bath, 1,907 sf of living space on a 6,500 sf lot. And on 11/17/11, 1738 Warnall Ave closed for $1,285,000 |$673.83 $/sf|.

What Did That Westwood Home Sell For?

The Westwood home at 10595 Holman Ave., LA CA 90024 lasted 18 days before receiving multiple offers and accepting an offer on 9/23/11. The property was listed on 9/5/11 for $1,145,000 and did not need any price reductions to elicit an offer. According to the MLS, the home is a 3 bedroom / 1.75 bath, 1,840 sf of living space on a 6,500 sf lot. On 11/17/11, 10595 Holman Ave closed for $1,140,000 |$619.57 $/sf|.

Little Holmby tennis court estate hits the market at 10478 Wyton Dr, LA CA 90024. By doing a quick satellite mapping scan with Google Maps or Bing Maps, one can see there are only a handful of homes that have a tennis court in Little Holmby, let alone a tennis court and a pool. While the average lot size in Little Holmby is the biggest in Westwood, there are very few lots that could afford to have the luxury of a tennis court and a pool. So this property is very much on the rare side and could be a limited opportunity for someone seeking a house in this location with these features. There is even a charming little guesthouse in the back of the property behind the tennis court. The main house was redone in 2000 and is in mostly move-in type condition. According to the MLS, the home is 4 bedroom / 3.5 bath, 3,290 sf of living, on a 17,119 sf lot. Asking price is $3,495,000.

What Did That Westwood Little Holmby Home Sell For?

The Westwood Little Holmby home at 901 Malcolm Ave., LA CA 90024 lasted 117 days on the market before accepting an offer on 10/10/11. Those 117 days are just over double the average time on market to sell for a Westwood home in 2011. 901 Malcolm Ave was listed on 6/14/11 for $2,200,000 and received two large price reductions during it's listing term, finally ending up at $1,850,000.
In my opinion, they should have never been above $1.8m if they wanted to sell in the first place. This is a good example of pricing the home right to start with and market time in action. When the seller reduced to $1.850m, it took about the average market time to sell this house, approximately 50 days. This home was a little bit harder to sell because of the heavy fixer condition and exact location of the house within the neighborhood. On 11/15/11, 901 Malcolm Ave closed for $1,620,000.

According to the MLS, the home is a 4 bedroom / 4.5 bath, 4,643 sq ft of living space on a 8,276 sq ft lot.

What Did That Westwood Home Sell For?

The Westwood home at 10386 Mississippi Ave., LA CA 90025 lasted 19 days on the market before accepting an offer on 9/16/11. The home was listed on 8/28/11 for $2,050,000 and did not have any price reductions during the listing term. This contemporary architectural style home was custom built in 2011 and is in move-in type condition. 10386 Mississippi Ave closed on 11/8/11 for $1,925,000 |$713 $/sf|. According to the MLS, the home is a 4 bedroom / 3.5 bath, 2,700 sf of living space on a 8,102 sf lot.