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Banked Owned REO - 10787 WIlshire Blvd. #901 - Gets Price Reduction

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The bank owned (REO - also known as a foreclosure) condo at
10787 Wilshire Blvd. #901 came on the market 12/16/10 with an asking price of $439,000.  This week the condo received a price reduction of 4.76% or $20,000, down to $399,900. This is the lowest priced 3 bedroom condo on the corridor and is a hot deal at this price. According to the MLS, the condo is a 3+3, 1,619 sq ft | approximately $247 $/sqft |. Facing Wilshire you get views of the city skyline, south views and a peak at the ocean. HOD's include all your utilities, 24 hr valet,doorman,security and switchboard. Lastly, this condo is a major fixer and will need to be completely and thoroughly remodeled before moving in.