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REO At 2219 Benecia Ave Receives 1st Price Reduction

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The Westwood home at 2219 Benecia Ave LA CA 90064 received a price reduction today of 2.44% or $20,000, down to $799,000. This home was listed 31 days ago for $819,900 and this is the first price reduction of the current listing term.

2219 Benecia was previously for sale in 2010 as a regular sale and then a short sale. Starting out as a regular sale for $1,100,000, it stayed on the market for 190 days. Then in August, the home received a $250,000 price reduction to $850,000 and was claimed to be  a short sale at that point. It is not known whether the seller  was working with an offer with the bank and just couldn't get the bank to accept the offer and terms. Either way, the home was foreclosed on by the bank and is now a REO property for sale. In typical REO fashion, this home looks to be in rough condition and needs work just to move in.  According to the MLS, the home is a 3 bedroom / 1 bath, 1,327 sq ft of living space on a 5,850 sq ft lot.