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1545 Kelton Ave Receives 2nd Big Price Reduction

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1545 Kelton Ave., LA CA 90024 received another price reduction this week of 9.13% or $100,000, down to $995,000. This is the 2nd big price reduction in a matter of days, totaling a little over $300,000.  Maybe the owner read my blog last week and saw the two comps I pointed out to Watching and Waiting's comment regarding this house and it's price. Either way, it looks like the owner has gotten real regarding the price and is ready to sell.  By the way, this is a virtually a 'For Sale By Owner' where the owner has a flat fee company list the property for him on the MLS, but the owner does all the work. The home spent most of 2007 and 2008 on the market, starting as high as $1.4m and dropping down to $1.250m. The home has been offered for rent, however I am not able verify if it was ever rented during that period of time. According to the MLS, the home is a 3 bedroom / 2 bath, 1,477 sq ft of living space on a 6,708 sq ft lot.