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Short Sale At 2227 Benecia Ave Receives 3rd Price Reduction

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The property at 2227 Benecia Ave LA CA 90064 received a price reduction of 5.46% or $49,000, down to $849,000. The home is now being disclosed as a Short Sale on The MLS. The property was re-listed 100 days ago for $975,000 and this is the 3rd price reduction of the current listing term. The seller has attempted to sell this property several times since their purchase in 2005 for $1,090,000. In 2007, they lasted 121 days on the market, starting at $1,279,000 and ending at $1,195,000. Then in 2008, they tried for 89 days on the market at $1,195,000. At the end of 2009, a 74 day listing period with a final asking price of $1,038,000. And then starting 10/12/09, a listing period of 169 days, ending at $975,000.

In any market, there are always tough homes to sell. And this looks to be one of the those houses. Style, finishes, lack of rear yard landscaping, non-traditional master bedroom having a loft, showing condition, condo building overlooking the backyard have all played some part in why this house hasn't sold. Chasing the market down with price, definitely didn't do the seller any help either. I would bet that the seller would love to go back in time and take some of those lower offers that were given early on in the process. However, at some price, everything sells in this neighborhood. Now down to $849,000 and being one of the lowest priced homes in Westwood, not on Overland, it should go.

According to the MLS, the home is a 3 bedroom with a loft +2.5 baths, 1,895 sq ft of living space on a 5,850 sq ft lot.

2227 Benecia Ave Photos