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Westwood Homes Open House Sunday June 24th, 2012

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Westwood Condos Open House Sunday June 24th, 2012

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The Once Bank Owned Little Holmby Home Now A Flip?

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The Westwood Little Holmby home at 10551 Lindbrook Drive, LA CA 90024 came on the market back in February 2012 as a bank owned property with a list price of $1,785,700. The condition required the home to be either completely rehabbed or just torn down and built as new on the lot. It took a little over a week for the bank to accept an offer after it hit the market. A few weeks later the property fell out of escrow and then re-entered escrow a short time later for the last time. On May, 23rd, 2012, 10551 Lindbrook Drive closed for $1,710,000. The MLS states the home is a 6 bedroom / 5 bath, 4,237 sf of living space on a 9,444 sf lot.

Since being purchased, the home has returned to market with an asking price of $2,150,000 and then raised to $2,175,000. Wow, they did a fast remodel job in just over a month you might be asking. Nope. Not remodeled. Not even selling with plans to do a remodel or new construction home on the lot. It is for sale in the same condition as it was purchased back in May.

The market in Westwood is HOT right now, but not flipper hot where you can turn property around the next month and not make improvements and expect to sell it for money.

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10759 Rochester Ave Receives A Price Reduction

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The Westwood home at 10759 Rochester Ave LA CA 90024 received a price reduction this week of 2.88% or $40,000, down to $1,349,000. Originally listed on 4/09/12 for $1,399,000, the home has received 1 price increase to $1,419k and then 3 reductions down to this latest price during it's time on the market in 2012. The home is priced lower than it was last purchased in 2005 for $1,470,000. According to the MLS, the home is a 3 bedroom / 2 baths, 1,722 sf of living space on a 6,477 sf lot.



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What Did That Westwood Home Sell For At 10538 Ilona

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What Did That Westwood Home Sell For?

The Westwood home at 10538 Ilona Ave LA CA 90064 lasted 2 days on the market before accepting an offer on 3/22/12. This south of Olympic home had been remodeled throughout and was move in condition. On June 19th, 2012, the home closed $80k over the asking price at $1,475,000 |$483 $/sf|.
According to the MLS, the home is a 5 bedroom / 4.5 bath, 3,052 sf of living space on a 5,850 sf lot.



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What Did That Westwood Home Sell For At 1908 Benecia

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What Did That Westwood Home Sell For?

The Westwood home at 1908 Benecia Ave LA CA 90025 lasted just 2 days on the market before accepting an offer on 5/6/12. This south of Santa Monica Blvd home had been remodeled throughout after the 2007 purchase for $940,000. On June 1st, 2012, the home sold at the list price of $1,099,000 |$654 $/sf|.
According to the MLS, the home is a 3 bedroom / 2 bath, 1,681 sf of living space on a 5,620 sf lot.

1908 Benecia Ave Photos

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Westwood Homes Open House Sunday June 17th, 2012

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Westwood Condos Open House Sunday June 17th, 2012

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The Little Holmby Home At 811 Warner Sells Again

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What Did That Westwood Little Holmby Home Sell For?

The Westwood Little Holmby Home at 811 Warner Ave., LA CA 90024 has quite the sales history over the past few years. I believe this is the one of the most traded homes in Little Holmby since 2000, reselling 5 times during that span. And each time for more money. Over the last 4 years, the home has resold 3 times. In 2008, it sold for $1,610,800. Then in 2009 for $1,725,000. And most recently in June for $1,735,000. I can't tell you why it sold the previous two times so quickly, but I do know the most recent owners were being relocated for work. The home was most recently listed on May 8th, 2012 and sold 10 days into this listing period, closing $10k over the asking price for $1,735,000 |$863 $/sf|.


According to the MLS, it is 3 bedrooms / 1.75 baths, 2,011 sq ft of living space on a 5,971 sq ft lot. The yard is mostly in the front of the house and the center courtyard that the house surrounds. As seen in the picture to the left, the courtyard is made up of brick patio and has a fireplace. The home has been nicely remodeled throughout with dark hardwood floors, crown molding and wainscoting,  newer kitchen (stone tile counters, newer cabinetry, stainless steel appliances) and baths with carrera marble.The home is located a few blocks away from the award winning Warner Elementary School.


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What Did That Westwood Home Sell For At 1418 Thayer

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What Did That Westwood Home Sell For?

The Westwood home at 1418 Thayer Ave LA CA 90024 lasted 12 days on the market before accepting an offer on 5/7/12. This south of Wilshire home had been completely remodeled throughout with higher end finishes. On May 31st, 2012, the home sold about $28k over the asking price at $2,003,025 |$706 $/sf|.
According to the MLS, the home is a 4 bedroom / 4 bath, 2,838 sf of living space on a 6,477 sf lot.

1418 Thayer Ave Photos

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What Did That Westwood Home Sell For At 1874 Benecia Ave

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What Did That Westwood Home Sell For?

The Westwood home at 1874 Benecia Ave LA CA 90025 lasted 9 days on the market before accepting an offer on 3/31/12. The home was listed on 3/22/12 for $1,269,000 and sold slightly over the asking price on 5/15/12 for $1,275,786 |$542 $/sf|. According to the MLS, the home is a 4 bedroom / 4 bath, 2,355 sf of living space on a 5,270 sf lot.



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10612 Ohio Receives 1st Price Reduction

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The Westwood home at 10612 Ohio Ave LA CA 90024 received a price reduction of 1.85% or $30,000, down to $1,595,000. Originally listed on 4/22/12 for $1,625,000, this is the 1st price reduction of the listing period. This home has been remodeled throughout and is in move in condition. According to the MLS, the home is a 3 bedroom / 3.5 baths, 2,774 sf of living space on a 6,500 sf lot.




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The Westwood Little Holmby Home At 910 Hilts Is Leased

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The Little Holmby Mediterranean home at 910 Hilts Ave., LA CA 90024 has been leased instead of sold again. 910 Hilts has been on and off the market since about 2007, where it started with a $4.5m asking price. However, the owner has been leasing the home out instead of selling each time. The most recent listing period had the home on the market for 89 days with an asking price of $3,495,000 or $15,500. The home ended up leasing out at $15,000 per month.

According to the MLS, the home is a 4 bedroom / 3.5 bath, 3,552 sq ft of living space on a 12,770 sq ft lot.


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Westwood Hills 384 Dalkeith Ave Receives Price Reduction

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The Westwood Hills home at 384 Dalkeith Ave LA CA 90049 received a minor price reduction of 0.38% or $6,000, down to $1,589,000. Listed 55 days ago for $1,595,000, this is the 1st price reduction of the current listing term. Previously, the home spent some time on the market earlier in 2012 at $1,649,000 for 62 days.  According to the listing, the home was rebuilt and remodeled in 2008, thus providing a move in condition solution to someone hunting in Westwood Hills. From the MLS history, it looks as though the owner bought the home as a fixer in 2005 for $1,645,000 and then gutted and remodeled. According to the MLS, the home is a 3 bedroom / 2.5 bath, 2,286 sf of living space on a 8,040 sf lot.

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1021 Manning Ave Receives 1st Price Reduction

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The Westwood Little Holmby home at 1021 Manning Ave LA CA 90024 returns to market with a price reduction of 2.08% or $55,000, down to $2,595,000. Originally listed on 4/11/11 for $3,395,000, the home spent about 304 days on the market and received 2 price reductions during that period. This is the 1st price reduction of the most recent listing period, one that started 117 days ago on 2/17/12 at $2,650,000. This home has been extensively remodeled with high end custom finishes throughout and looks to be built and designed more as a couples house. According to the MLS, the home is a 2 bedroom (+ an office) / 3.5 baths, 3,554 sf of living space on a 12,937 sf lot.



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Little Holmby Home At 641 Woodruff Receives 1st Price Reduction

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The Westwood Little Holmby home at 641 Woodruff Ave received a price reduction of 8.16% or $355,000, down to $3,995,000. Listed 142 days ago for $4,350,000, this would be the 1st price reduction of the listing term. Sited on one of the larger Little Holmby lots, this grand traditional home has been remodeled throughout and is in move-in condition. According to the MLS, the home is a 5 bedroom / 6 bath, 4,938 sq ft of living space on a 16,180 sf lot.



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What Did That Westwood Home Sell For At 1413 Thayer

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What Did That Westwood Home Sell For?

The Westwood home at 1413 Thayer Ave LA CA 90024 lasted 116 days on the market before accepting an offer on 5/6/12. The home was listed on 1/11/12 for $1,199,000 and received 1 price reduction during the listing term, down to $1,180,000. Mostly updated throughout, this is a move in condition home on a great street location south of Wilshire. So why didn't it sell quickly like most everything else in Westwood these days? Well, I believe the reason this wasn't a quick sale had to do with the home being sited all the way to the back of the lot...meaning no rear yard. As you can see in the picture, most of the lot is in front of the house. On 6/4/12, 1413 Thayer Ave closed for $1,126,000 |$653 $/sf|. According to the MLS, the home is a 3 bedroom / 2.5 bath, 1,725 sf of living space on a 6,600 sf lot.



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Westwood Homes Open House Sunday June 10th, 2012

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Westwood Condos Open House Sunday June 10th, 2012

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Westwood South Of Santa Monica Blvd Annual Homeowner Meeting Tonight

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WSSM 2012 ANNUAL MEETING
Thursday evening, June 7th
St. Timothy's Church Social Hall
Dinner (by reservation) at 6:30 pm
Business meeting at 7:15 pm

Come hear the latest news about our neighborhood
Meet your neighbors
Ask questions of our local elected representatives:
LA Co. Supervisor Zev Yaraslovsky and
LA City Councilmember Paul Koretz
Find out the latest area crime info from LAPD
Senior Lead Officer Rashad Sharif

DINNER will be catered by California Fresh at
Westwood and LaGrange and will include
pizza, pasta, salad, bread
(Yes, pizza is back after a year's hiatus!)
Dinner cost:  $ 8 per person payable at the door.
Please RSVP for dinner by June 5 to
(310) 475-3826.  Make your call before 9 pm.

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What Did That Westwood Home Sell For At 2244 Manning

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What Did That Westwood Home Sell For?

The Westwood home at 2244 Manning Ave LA CA 90064 lasted just 7 days on the market before accepting an offer on 4/25/12. This Spanish beauty was listed for $1,485,000 on March 18th, 2012.  Looking back at the history, the current owners look to be taking a loss in the short ownership period as they had purchased this home in 2008 for $1,586,500, which also was sold quickly at the time...just 14 days. I did a previous home review walk through in 2008 here (2244 Manning Ave Property Review). Remodeled in 2002, this home is completely remodeled throughout and is in move-in condition. On 5/25/12, 2244 Manning Ave closed $45,000 over the asking at $1,530,000 |$613 $/sf|. According to the MLS, the home is a 4 bedroom / 4 bath, 2,497 sf of living on a 6,075 sf lot.

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What Did That Westwood Little Holmby Home Sell For At 10740 Lindbrook

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What Did That Westwood Little Holmby Home Sell For?


The Westwood Little Holmby home at 10740 Lindbrook Dr., LA CA 90024 lasted just over 1 week on the market before accepting an offer shortly after coming on in March for $1,695,000. This well maintained Spanish home had many of it's original details intact throughout the house, including the original tiled bathrooms. The kitchen had been updated with granite & stainless appliances at some point. I will also note that this home is on the south side of Lindbrook, meaning it backs up to the high rises. The Remington Towers are directly behind this property.  On 5/25/12, 10740 Lindbrook Dr., closed for $1,670,000 |$590 $/sf|. According to the MLS, the home is a 4 bedroom / 3 bath, 2,828 sf of living space on a 8,100 sf lot.


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Westwood Homes Open House Sunday June 3rd, 2012

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Westwood Condos Open House Sunday June 3rd, 2012

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What Went Into Escrow This Week In Westwood?

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These properties received accepted offers this week in Westwood.


Address Bed Bath Square
Footage
Days On
Market
List Price
10530
KINNARD
3 2.00 2,183 58 $1,299,000
2230
MIDVALE
3 1.00 1,189 14 $799,000
909
THAYER
4 4.00 4,000 14 $2,695,000
443
LEVERING
3 2.00 2,084 6 $1,195,000

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What Did That Westwood Home Sell For At 2043 Greenfield

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What Did That Westwood Home Sell For?

The Westwood home at 2043 Greenfield Ave., LA CA 90025 lasted 18 days on the market before receiving an accepted offer on 4/30/12. On 5/23/12, the home closed $41,000 OVER the asking price at $940,000 |$628 $/sf|. While clean and liveable, this house would be considered more of a fixer. Also, under 1,500 sf,  this is on the smaller side for homes in the neighborhood. According to the MLS, the home is a 3 bedroom / 2 bath, 1,497 sf of living space on a 6,750 sf lot.





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What Did That Westwood Home Sell For At 10424 Almayo

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What Did That Westwood Home Sell For?

The Westwood home at 10424 Almayo Ave LA CA 90064 lasted 26 days on the market before receiving an accepted offer on 4/29/12. On 5/30/12, the home closed 4% less than the asking price for a final sales price of $1,055,000 |$616 $/sf|. The home has been remodeled throughout on the interior and is in move-in type condition. According to the MLS, the home is a 3 bedroom / 2 bath, 1,713 sf of living space on a 6,700 sf lot.



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What Did That Westwood Home Sell For At 2310 Midvale

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What Did That Westwood Home Sell For?

The Westwood home at 2310 Midvale Ave., LA CA 90064 lasted 20 days on the market before accepting an offer on 4/12/12. The property was listed on 3/23/12 for $959,000. Previously, the home spent approximately 3 months on the market in 2009 with an asking price of $1,199,000. On 5/31/12, 2310 Midvale Ave closed for $950,000 |$606 $/sf|. According to the MLS, the home is a 2 bedroom / 2.5 bath, 1,568 sq ft of living space on a 6,615 sq ft lot.




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