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Westwood Homes Open House Sunday November 24th, 2013

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Westwood Condos Open House Sunday November 24th, 2013

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Westwood Condos Open House Sunday November 17th, 2013

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Westwood Homes Open House Sunday November 17th, 2013

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What Did That Westwood Little Holmby Home Sell For At 10541 Strathmore

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10541 Strathmore Dr, LA CA 90024 lasted 11 days on the market before accepting an offer on 9/29/13.  Previously, this owner bought the home in 2010 for $1,900,000. On and off the market from 2008-2010, this home had struggled to sell during the downturn in the market I believe because of the choppy multi-level floorplan. But, eventually I thought the $1.9m paid was a great value and I talked about that in a blog post in February of 2010. Well three years later, that owner decided to sell and it looks like they did well.
This Westwood Little Holmby home at
10541 Strathmore closed on 11/13/13 for 6.2% over the asking price at $2,225,000. According to the MLS, the home is a 4 bed / 4.5 bath, 2,919 sq ft home on a 7,056 sq ft lot.

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What Did That Westwood Home Sell For At 10746 Rochester

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What Did That Westwood Home Sell For?

The Westwood home at 10746 Rochester Ave., LA CA 90024 lasted about 14 days on the market before entering escrow on 10/10/13. This 30's traditional home was completely remodeled and in move-in condition. On 11/14/13, 10746 Rochester Ave closed about 6.9% over the asking price at  $1,630,000 |$857 $/sf|.

According to the MLS, the home is a 3 bedroom / 3.5 bath, 1,901 sf of living space on a 6,333 sf lot.


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What Did That Westwood Home Sell For At 2050 Glendon Ave

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What Did That Westwood Home Sell For?

The Westwood home at 2050 Glendon Ave., LA CA 90025 lasted about 12 days before entering escrow. This 20's Spanish home was completely remodeled and in move-in condition. On 11/08/13, 2050 Glendon Ave closed about 2.3% over the asking price at  $1,110,000 |$944 $/sf|.

According to the MLS, the home is a 2 bedroom / 1.75 bath, 1,176 sf of living space on a 5,406 sf lot.


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The Westwood Little Holmby Home At 911 Malcolm Ave Receives 1st Price Reduction

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The Westwood Little Holmby home at 911 Malcolm Ave LA CA 90024 received a price reduction this week of 7.32% or $146,000, down to $1,849,000 |$/sf 638|. Listed October 21st, 2013 for $1,995,000, this is the 1st price reduction of the listing term. This 20's Spanish is a heavy fixer or teardown type property. Situated on the west side of Malcolm, this house backs up to the W Hotel on Hilgard.

According to the MLS, the home is a 4 bedroom / 2 bath, 2,899 sq ft of living space on a 8,525 sq ft lot.



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2044 Fox Hills Drive Receives 1st Price Reduction

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The Westwood home at 2044 Fox Hills Drive, LA CA 90025 received a price reduction of 5.72% or $100,000, down to $1,649,000. Listed a month ago for $1,749,000, this is the 1st price reduction of the current listing term. This two story contemporary home is remodeled and in move-in condition. Light and bright, with an open floor plan, I believe this home has a wide appeal to most buyers. And with this new price reduction, I think they are now priced to move quickly.

According to the public records, the home is a 3 bedroom / 2.5 bath, 3,310 sq ft of living space on a 6,499 sq ft lot.



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2360 Greenfield Ave Receives 2nd Price Reduction

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The Westwood home at 2360 Greenfield Ave, LA CA 90064 received a price reduction of 6.79% or $80,000, down to $1,099,000. Originally listed September 9th, 2013 for $1,225,000, this is the 2nd price reduction of the current listing term. Yup a 2nd price reduction! It feels like it has been quite some time since I have posted a 2nd price change on any property in the lower $1m range.

I would consider this house a major fixer or quite possibly a teardown property. There isn't anything exciting about any of the original charm, finishes or layout that I believe is worth keeping. Having said that, the house is very clean and it's not like someone couldn't live in the house and then decide to update or make changes as they go. Some teardowns are not really livable, like the home that just closed on Ohio in the south of Wilshire section. But this is. Will be interesting where this one goes out at.

According to the public records, the home is a 3 bedroom / 2 bath, 1,509 sq ft of living space on a 6,616 sq ft lot.





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Westwood Homes Open House Sunday November 10th, 2013

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Westwood Condos Open House Sunday November 10th, 2013

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The Westwood Little Holmby Home At 10712 Lindbrook Receives 1st Price Reduction

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The Westwood Little Holmby home at 10712 Lindbrook Ave LA CA 90024 received a price reduction today of 5.71% or $100,000, down to $1,650,000. Listed July 19th for $1,750,000, this is the 1st price reduction of the listing term.
According to the MLS, the home is a 3 bedroom / 2 bath, 2,567 sq ft of living space on a 8,101 sq ft lot.






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1551 Thayer Ave Receives 1st Price Reduction

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The Westwood home at 1551 Thayer Ave LA CA 90024 received a price reduction this week of 13.11% or $200,000, down to $1,325,000. Listed November 4th for $1,525,000, this is the 1st price reduction of the listing term. It looks like the seller/agent made a quick price correction after learning that the home sits on a smaller lot size than originally thought. This 30's traditional home sits on a corner lot and is in mostly vintage condition. Priced in the lower $1.3's, it looks price well for the neighborhood and I would anticipate a quick sale.

According to the MLS, the home is a 3 bedroom / 2 bath, 1,782 sq ft of living space on a 5,952 sq ft lot.





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Flipping Out In Westwood At 1443 Pandora Ave

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The Westwood home at 1443 Pandora Ave., LA CA 90024 recently came to market as a Flip from a recent purchase at the end of 2012. The original specs...  3 bedrooms, 2 bathrooms, 2,113 square feet of living space on the 9,416 sq ft lot, perched up a hilly corner lot . The condition at time of purchase in 2012 was pretty terrible. Not a livable fixer, but one destined to be gutted and redone. And that's exactly what someone did.
The home has been rebuilt and expanded to a 4 bedroom, 5 bathroom, 3,715 sq ft of living space. Some of the original structure was left and gutted to studs, but they managed to keep the original character in tact. It has that old world feel, but modernized. If you saw the original house and then walked into this, you would hardly of recognized it. I'm sure the former owner would be amazed.
I thought they did a great job transforming what was there to something more modern and appeal able to the masses. Because it sits high up on the corner lot, you get nice green views and lots of light shining through all the windows. The large gourmet kitchen is great for entertaining and open to the den/family room area for people to enjoy. The master suite is very large; complete with a sitting area and one of the largest walk in closets you will see in Westwood south of Wilshire.  The current list price is $2,475,000 |$666.22 $/sf|.

Here are some before and after pictures.








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What Buyers Don't Want

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In this recent survey by the California Association Of Realtors of what buyer's DON'T want, one category surprised me. I was surprised that 1 out of 3 buyers don't want an outdoor kitchen. With the beautiful Southern California weather, I would think overall, more people would enjoy the use out of an outdoor kitchen.



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What Did That Westwood Hills Home Sell For At 459 Veteran Ave

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What Did That Westwood Hills Home Sell For?

The Westwood Hills home at 459 Veteran Ave, LA CA 90024 lasted just over a week on the market before accepting an offer on 9/20/13. This 30's Spanish Hacienda style home has been moderately updated throughout and is in move-in type condition.
On 10/31/13, 459 Veteran Ave closed $51,000 or ~3.6% over the asking price at $1,450,000. According to the MLS, the home is a 3 bedroom / 2.75 bath, 2,562 sq ft of living space on a 8,101 sf lot.


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What Did That Westwood Home Sell For At 2314 Manning Ave

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What Did That Westwood Home Sell For?

The Westwood home at 2314 Manning Ave., LA CA 90064 lasted about 52 days before entering escrow for the last time. The home came on the market on 8/15/13 for $1,099,000 and received an accepted offer in the first month. After a brief period of time, the home fell out of escrow and went back on the market. It only took a few weeks for the home to enter escrow for the last time. This 20's Spanish has been renovated a bit and is in move-in condition. The home is two stories however the public records only show a little over 1,400 sq ft of living space. I am not sure if this is an accurate measurement or not. What I can say is the living and dining areas are on the small side.  The house closed October 30th, 2013, for the asking price of $1,099,000 |$755 $/sf|.

According to the MLS, the home is a 3 bedroom / 2 bath, 1,456 sf of living space on a 6,083 sf lot.


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Westwood Homes Open House Sunday November 3rd, 2013

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Westwood Condos Open House Sunday November 3rd, 2013

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What Did That Westwood Hills Home Sell For At 11224 Cashmere St

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What Did That Westwood Hills Home Sell For?

The Westwood Hills home at 11224 Cashmere St, LA CA 90049 lasted a few weeks on the market before accepting one of the multiple offers on 9/3/13. This charming 40's traditional was full of period details and is in move-in type condition. Bathroom and kitchen remodeling had been done in modest fashion but was very tasteful and livable.
On 10/16/13, 11224 Cashmere ST closed $31,000 or ~2.2% over the asking price at $1,430,000. According to the MLS, the home is a 3 bedroom / 2 bath, 2,254 sq ft of living space on a 6,472 sf lot.

www.11224Cashmere.com

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What Did That Westwood Home At 1332 Holmby Ave Sell For?

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What Did That Westwood Home Sell For?

The Westwood home at 1332 holmby Ave., LA CA 90024 lasted a little over a month in total before accepting it's final offer. It looks as though the home fell out of escrow twice before the 3rd time was the charm to complete the deal. The home came on the market on 7/3/13 for $1,489,000 and did not receive any price reductions during the listing term.  This 30's Spanish home has great appeal, but inside the home it was more vintage with it's finishes. One of the challenges I thought this home faced was the apartment/condo building directly behind it that looked into the backyard. If this house had been on the other side of the street, I believe it would have sold for more money and even quicker.  The house closed on Halloween, October 31st, 2013, for $1,450,000 |$627 $/sf|.

According to the MLS, the home is a 3 bedroom / 3 bath, 2,311 sf of living space on a 6,501 sf lot.


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What Did That Westwood Tear Down Sell For At 1846 Glendon Ave

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What Did That Westwood Tear Down Sell For?

These two bungalow homes sat next door to each other and on small 3,000+ square foot lots. The 1st bungalow is 1846 Glendon Ave, LA CA 90025 and is a 2+1, 816 sq ft on 3,699 sq ft lot according to the MLS. The 2nd bungalow at 10815 Missouri Ave, LA CA 90025 is a 1+1,816 sq ft on 3,049 sq ft lot. The combined lot square footage is approximately 6,748 sq ft and is how this deal should be looked at since it's a development deal and the houses will most certainly be torn down. The lot is zoned LAR3 for Multi Family apartments or condos. The asking price for these two bungalows were $615,000 and $510,000, for a combined ask of $1,125,000.  These properties sold 62% over the asking price for $1,825,000.

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What Did That Westwood Little Holmby Home At 1015 Manning Sell For?

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What Did That Westwood Little Holmby Home Sell For?

The Westwood Little Holmby home at  1015 Manning Ave, LA CA 90024 lasted about 7 days on the market before accepting an offer on 9/04/13. This 1930s traditional shows obvious signs of deferred maintenance and is a complete fixer.
On 10/25/13, 1015 Manning Ave closed at $1,800,000 |$579 $/sf|. According to the MLS, the home is a 3 bedroom / 3 bath, 3,018 sf of living space on a 10,328 sf lot.


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