New Listing, Lease, & Price Reduction in Westwood

New to the market today is 2372 Overland Ave,Los Angeles, CA 90064, a 1508 square foot Spanish style home with 3 bedrooms and 2 baths (total). Lovely details and a bright color palette make this a completely charming home.  The home, built in 1930, features an updated kitchen with white double ovens, a breakfast area, and many cabinets. There is a formal dining room, a step-down living room with a fireplace, hardwood floors, and one remodeled bath. Double paned windows. 52×135 lot with a yard large enough for gracious entertaining and a child’s swing set. The garage has been converted to a one bedroom & bath plus bonus area without a permit. This property lies in the district for Westwood Charter School.

The Westwood Tudor home at 2040 Linnington Ave, Los Angeles CA 90025 received a price reduction of 2% or $20,000, down to $979,000. The home was listed over one month ago for $999,000. According to the MLS, the home is a 955 sq ft, 2 bedroom, 1 bath on an 8,755 square foot lot. Attached to the garage is a 2 story guest house and office, complete with a spiral staircase, vaulted ceilings and a 3/4 bath. The house sits on the east side of Linnington, backing on to Beverly Glen.

I withdrew the listing at 10724 Lindbrook Drive, LA CA 90024 yesterday, which was for sale at $1,649,000.  The property was also listed for lease at $5000 per month, and leased immediately at that price.  It was interesting to me to see how many calls I received from families living south of Wilshire in lower Westwood, wanting to move up into Little Holmby now that homes in the lower end have become more affordable.  The reasons they stated are:  1. Warner Avenue School; 2. The quality of the neighborhood; 3.  Affordibility and possible appreciation; and 4. Holmby Park.

If I can be of any assistance, or if you would like an updated Comparative Market Analysis on your property or to discuss Refinance or Loan Modification options, please don’t hesitate to call.  310-571-1364