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Multiple Offers On A New Listing South Of Wilshire - 10470 Holman Ave

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The property at 10470 Holman Ave., LA CA 90024 received a whopping 13+ offers, as of yesterday early afternoon, after coming onto to the market on 1/16/09. I have to say I am a little surprised at that kind of activity for this house. The house is nothing to write home about. Its very vanilla and has a little bit of a funky floor plan. Downstairs you have a somewhat open floor plan with the dining, living and family room all kind of joined together with minimal walls. There are 2 bedrooms + a den downstairs as well and a kitchen. Upstairs is the master bedroom all by itself. The backyard is all pool with a concrete surrounding. The home is fairly dated throughout and while clean, definitely could use updating. Again, I was slightly surprised to see such activity on this house even though I knew the price was pretty attractive. We haven't seen an asking price under $1million for several years in this neighborhood. I guess a bottom has been established for now on what a home just south of Wilshire will go for. According to the MLS, the home is a 4 bedroom / 2.5 bath, 2,427 sq ft home on a 6,630 sq ft lot.