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10460 Lauriston Ave Receives 1st Price Reduction

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The Westwood home at 10460 Lauriston Ave., LA CA 90064 received a price reduction of 6.16% or $59,000, down to $899,000. Listed a month ago on 3/2/12 for $958,000, this is the first price reduction of the current listing term. This home is in need of major TLC and I would assume that someone would want to tear it down and start over. However, take notice that the lot is pie shaped and typical floor plans won't apply to this lot. I also want to point out that this home/lot sits right on Olympic and Lauriston but is currently priced like an interior neighborhood home. Lately homes on Olympic and 'any street' have been seeing $600's & $700's, depending on the condition of the home. Lastly, this is a probate sale and will require court confirmation. According to the MLS, the home is a 2 bedroom / 2 bath, 1,856 sq ft of living space on a 5,500 sf lot.