An REO foreclosure property is available in Lower Westwood, north of Pico Blvd. The home is a newer construction Mediterranean style home built, in 2005. The property is located at 2326 Glendon Ave., LA CA 90064. The home is a 5 bedroom, 5 bath with 3,894 sq ft on a 6,750 sq ft lot. Features include a large great room,custom kitchen, open floor plan. This house is ideal for someone wanting a good value in a good Westside location, with easy access to shopping, dining, and entertainment. I predict this will not last long, despite the condition, because it’s a great opportunity. (The prior owners tore out a lot of the cabinetry, fixtures, appliances, etc. prior to handing the property back to the lender. Bank owned properties have ofter been pillaged by their previous owners!) The bank notes that the property is being sold “As-Is”, without warranty. The home was previously sold new in 2006 for $1,985,000. The bank is now asking $1,700,000. Non FHA offers with 10% or less down and borrowers with FICO scores under 720 will not be considered by the bank. For more information, contact The Bremner Group at 310-571-1364.
March 20, 2009