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Little Holmby Fixer / Teardown At 952 Malcolm Ave Is Back On Market

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The Little Holmby Spanish home at 952 Malcolm Ave., LA CA 90024 has returned to market after being in escrow for the last 6 months. Previously listed on 12/5/08 for $2,150,000, it spent 103 days on the market and was pulled off the market without any price reductions. At the time I did a post on 3 Little Holmby Fixers and an update to that post (Update To 3 Little Holmby Fixers), where 2 of the 3 ended up selling. I was surprised to not see 952 Malcolm sell at that time because it may have been the best lot to build on of the three. It was relisted for $2,250,000 and after only 11 days, it went into escrow on 2/24/10. Right now its the best flat pad option available in Little Holmby. According to the MLS, the home is a 3 bedroom / 1.75 bath, 2,944 sq ft home on a 12,488 sq ft lot. There is no secret that this house is all about the lot. A huge flat pad to develop or expand on. The house itself is not that exciting as it currently stands. There is some curb appeal, but the layout and overall feel inside is just not up to par for the location. There are some traces of remodeling in the kitchen and master bath, but I believe the best use would be a major remodel and expansion or to start from scratch.