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New Entry Into The Under A Million Club

We have a new entry into the 'Under A Million Club' via the price reduction way. 2367 Greenfield Ave, LA CA 90064 is a remodeled 3+2.75, 1,500 sq ft home on a 5,793 sq ft lot. Its been on the market for 22 days. Previously listed at $1,049,000, the new price is $969,000. I swear minutes before I noticed the new price change show up on the MLS, I was speaking to another broker about this specific property. I was saying that the list price should be about $950,000. And lo and behold a few minutes later the house had a price change. You may be wondering how a remodeled house is being priced this low in Westwood. Typically in our market a remodeled house with this square footage would sell for more. Well, there are several reasons as to why this house is priced lower than one million. First, the house is the last house on Greenfield next to Pico. Therefore it sits right on the alley next to Norms. Second, the house doesn't have a conventional type of floor plan. Your first step into the house is right into the kitchen counter. Overall, the house feels more like a quick flip than a custom remodel job.


LISTING HISTORY
3/6/08 $1,049,000 List Date
3/27/08 $969,000 Price Change- Red. 7.63%

Also available for rent for $4,000

4 comments:
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Anonymous said...
March 28, 2008 at 2:50 PM  

Realistically it's worth around $700k, anything over that is BS.

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Anonymous said...
March 28, 2008 at 4:52 PM  

Wow, I agree with you that this house is ugly. What was the seller thinking. At least you could eat at norms all the time.

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Anonymous said...
March 28, 2008 at 5:01 PM  

It's actually fairly nice on the inside. Bad part is that while the master bedroom is good, the small rooms are really small. Impractical unless your kids are tiny. Also, not only is it next to Norm's, it's next to Norm's dumpster. So if you can deal with the dumpster being emptied at 6am every day and the occasional stench during a busy night...

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Sarah said...
March 28, 2008 at 5:23 PM  

I'm glad I found a blog that talks about Westwood specifically. Thanks to LA Curb for highlighting this blog.

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