The Little Holmby fixer at 225 Loring Ave., LA CA 90024 received a price reduction this week of 7.01% or $245,000, down to $3,250,000. Listed on 5/5/09 for $3,495,000, this is the first price reduction of the listing term. The property had an accepted offer in the beginning of June, but after two weeks it fell out of escrow and went back onto the open market. This house is a prime candidate for someone wanting to remodel a grand house in a prime neighborhood. The house has a nice floor plan with big sized public rooms and bedrooms. According to the MLS, the home is a 5 bedroom / 5.5 bath, 4,830 sq ft of living space on a 13,934 sq ft lot.