960 Larrabee St. #102 (90069)$429,000
2BR / 2BA
889 sq ft ($483/ft)
Front corner 2 bedroom & 2 baths. Newer kitchen, LAUNDRY is allowed in the unit, hook ups are in place.Pergo floors,updated baths. there is a sm. balcony. Prime Close to ALL W. Hollywood location. Western exposure. this is a SHORT short sale, meaning seller owes $460,000. bank to discount only a small amount. both Mtg's are with the same bank so it should be a quick process. 24 hr notice to show, please. REDUCED 6/2.
Sold: A bunch of times prior to 1994 reflecting the late 80s/early 90s bubble with applicable lower and lower successive sale prices.
Sold: 7/01 - $180,000
Sold: 9/03 - $325,000
Sold: 2/05 - $420,000
Listed: 5/27/09 - $475,000
Reduced: 6/3/09 - $449,000
Reduced: 6/9/09 - $429,000
Yes, I am just posting this because I needed a good laugh. Nothing particularly remarkable about this small 2BR. It's in a decent location and appears to have been updated, but is on the first floor and has my personal favorite, laminate wood flooring.
I just like the audacity of the bank in that they're only going to "discount a small amount" from the loan balance, which appears to have been a home-as-ATM situation, or as I like to call it, the "everyone in LA drives a Range Rover, why shouldn't I?" syndrome.
Well, they've discounted almost 10% from the $460,000 and this will need to go lower to clear, since we've seen at least 2004 rollbacks in the condo market.
1 comment:
When I see "short sale" in the ad, to me it just means "don't bother." Do any of these ever sell under those conditions?
Have you thought of devoting a post to the longest-running listings? I've been blowing by the listing for 901 Orange Grove forever. According to realtor.com it's been listed for 562 days. The listing says it's "one of a kind!" Apparently that's true.
Any idea what is going on with 1426 N. Fuller, in Weho-adjacent? The price seems reasonable for a two-unit but it's been "pending sale" for months. Is this a go-nowhere short sale? A realtor.com computer error?
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