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Hot Price For North Of Santa Monica Blvd Home -- 10664 Kinnard Ave

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The property at 10664 Kinnard Ave., LA CA 90024 received a dramatic price reduction today of 21% or $280,000, down to $1,049,000. That's what I call a serious seller trying to get some attention with a price reduction. This is a new low asking price for an active listing north of Santa Monica Blvd in several years.  The last time a house between Wilshire and Santa Monica Blvd sold under $1,049,000 was back in Jan '07. It was a Spanish fixer at 1728 Warnall Ave. (3+1.5,1,696sqft, 6,500sqftlot) for $1,000,000.  This listing has been on the market 57 days with an initial market price of $1,329,000 and this is the first price reduction of the listing term.  According to the MLS, the home is a 2 bed / 1.5 bath, 1,791 sq ft home on a 5,532 sq ft lot.