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2119 Fox Hills Dr Get 1st Price Reduction

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The new construction home at 2119 Fox Hills Dr, LA CA 90025 received it's first price reduction this week of 4.26% or $80,000, down to $1,799,000. Listed 20 days ago on 10/20/10 for $1,879,000, this is the 1st price reduction of the listing term. According to the MLS, the home is a 5 bedroom / 5.5 bath, 4,083 sq ft of living space on a 5,401 sq ft lot. As you can see, that is a big house for the size of the lot. And under the current mansionization ordinance in the City of LA, you can no longer build such a house on that size lot. While there is no way to know this for sure, it could be one of the last few remaining new construction homes built south of Wilshire of this size. Unless you get a less common ~8,000+ sq ft size lot. This lot was previously purchased in 2007 for $910,000.