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10809 Wellworth Ave Receives 5th Price Reduction

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10809 Wellworth Ave
The newer construction Westwood home at 10809 Wellworth Ave LA CA 90024 received its 5th price reduction this week of 2.67% or $100,000, down to $3,650,000. Originally the home was listed for $4,450,000 back in November of 2009 and was pulled off the market after a month. The home was then re-listed with another broker on 12/19/09 for $3,995,000 and has received 3 more price reductions in this listing term. According to the MLS; this is a 2009 construction, 6 bedrooms / 6 baths, 6,146 sq ft of living space on a 6,664 sq ft lot. As described in my previous video post here (10809 Wellworth Video Review), the asking price is now about $500,000 higher than the highest private sale in the south of Wilshire neighborhood of Westwood and about $1,150,000 higher than the highest public sale in this particular neighborhood. With the new mansionization ordinance in the City Of LA, your likely to never see a house 6,000+ sq ft again in this neighborhood. So if you if want to live in this neighborhood and need an extra large house, then maybe this "one-of-kind" house that the listing description describes could be for you.