20th Wednesday Jun 2012

1924 Spanish: 851 N. Hoover St., Los Angeles, 90029

Few things are better than hearty price drops on head-turning homes. For your consideration, today’s best reductions are on a 1924 Spanish, 1938 Cottage and 1925 Spanish with drops of $20k$71k. More importantly, this is a cautionary tale against pricing your home too high.

First up is a 1924 Modern Spanish that’s 4 blocks from Sunset Junction. Reduced $20k, this flip got a redo of Biblical proportions, then got priced too high. Features include wood floors, multiple patios, 9′ ceilings and major curb appeal.

Also in Silver Lake, with a whopping $71k drop, is a bright and airy 1938 Cottage that got priced way too high when it debuted in February. It’s quite possibly the best home in Silver Lake at this price.

Finally, there’s a 1925 Spanish in Hollywood with a $50k drop that features the original wood floors, windows and fireplace. For more information, or to view these homes, let me know.

851 N. Hoover St., Los Angeles, 90029

Living room with hardwood floors and recessed lighting.

851 N. Hoover St., Los Angeles, 90029
$629k Reduced From $649k
2 bedrooms/2.5 bath
1680 sq. ft., 3833 sq. ft. lot
1924 Spanish
Sunset Junction, Corner Lot, Open Floor Plan

Eat-in kitchen with separate dining room

Upstairs bedroom with family room in the background

Bath with clawfoot tub

Balcony off bedroom. Listing courtesy of Darren Hubert – Blue Pacific Property

2957 London St., Los Angeles, 90026

1938 Cottage: 2957 London St., Los Angeles, 90026

2957 London St., Los Angeles, 90026
$458k Reduced From $529k
2 bedrooms/2 baths
1172 sq. ft., 3700 sq. ft. lot
1938 Cottage
Vintage Details Intact, Light Cosmetic Fixer

Bright and airy living room with wood sub-floor under carpet

Bedroom with attached sunroom

Spacious sunroom. Listing courtesy of Michael Locke – Keller Williams Los Feliz

6315 Melrose Ave., Los Angeles, 90038

1925 Spanish: 6315 Melrose Ave. Los Angeles, 90038

6315 Melrose Ave., Los Angeles, 90038
$599 Reduced From $649k
2 bedrooms/1 baths
1148 sq. ft., 4116 sq. ft. lot
1925 Spanish
Fireplace, Original Floors, Entertainer’s Yard

Galley kitchen with laundry room in the back

Dining room

Spacious yard. Listing courtesy of Ty Herben – Keller Williams Beverly Hills

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