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850 Thayer Ave In Little Holmby Receives 3rd Price Reduction

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The Westwood Little Holmby home at 850 Thayer Ave LA CA 90024 received a price reduction this week of 7.42% or $200,000, down to $2,495,000. Originally listed May 20th for $2,875,000, this is the 3rd price reduction of the current listing term. 65 days into the listing period, the home received the 1st reduction of $80k. 100 days into the listing period the 2nd price reduction came and 52 days after that, the 3rd reduction. This home was purchase as a major fixer last October for $1,645,000 and looks to have been remodeled with the intention of flipping the home. Walking thru the home, you feel like this is more of a flip than a custom remodeled home. The finishes are fairly basic with a contemporary flair and fall short of most buyers' expectations for a $3m home in Little Holmby. If this home was in another neighborhood with a lower price point, it would probably sell all day long. At least the home is in move-in condition and if you like the finishes, you wouldn't have to do a thing to it.

According to the MLS, the home is a 5 bedroom / 4 bath, on a 7,497 sq ft lot.