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10322 Ilona Ave Receives 1st Price Reduction

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The Spanish home at 10322 Ilona Ave LA CA 90064 received a price reduction today of 8.33% or $100,009, down to $1,099,990. Listed just 5 days ago for $1,199,999, this is the first price reduction of the listing term. Previously, the home spent some time on the market in 2010 asking $1,195,000 to $1,089,000 and did not result in a sale. The home needs some cosmetic work and could end up being a short sale as well. 
According to the MLS, the home is a 3 bedroom / 2 bath, 1,728 sq ft of living space on a 6,773 sq ft lot.