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2148 Manning Ave In Westwood Receives 1st Price Reduction

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The Westwood home at 2148 Manning Ave, LA CA 90025 received a price reduction today of 8.9% or $124,500, down to $1,275,000 |$/sf 531|. Listed a little over 100 days ago on June 3rd, 2014 for $1,399,500, this is the 1st price reduction of the listing term. Normally a 20's Spanish in Westwood with 3 bedrooms and over 2,000 sq ft would be a no brainer at this list price. In fact, a remodeled home with these stats should sell for much more. However, when the house is located on the corner of Olympic and any of the perpendicular neighborhood streets, it's always a little tougher sell and needs to sell at a discount. Additionally, the house, guesthouse and garage cover most of the lot, leaving very little outdoor space. Thus, giving another challenge to the sale. With this new price reduction into the $1.2's, it should spark a sale.

According to the MLS, the home is a 3 bedroom / 3 bath, 2,400 sq ft of living space on a 6,751 sq ft lot.