Address: 548 15th - 90402Details: 3 bed/2 bath 2,104 sq ft house, 7,500 sq ft lot
Description: MODERN CRAFTSMAN 3BD + 2BA. SKYLIGHTS, FRENCH DOORS & LOTS OF WINDOWS ALLOW FOR GREAT LIGHT AND VIEWS OF THE BEAUTIFUL LANDSCAPING. EAT-IN KITCHEN/GREAT ROOM LOOKS OUT TO A PICTURESQUE SIDE PATIO WITH OUTDOOR FIREPLACE & WATER FOUNTAIN. MASTER SUITE HAS AN OFFICE/BONUS ROOM. DETACHED GARAGE IS A FUN, CONVERTED STUDIO WITH STORAGE. MANY GREEN IMPROVEMENTS. WALK TO ALL OF THE GREAT SHOPS AND RESTAURANTS ON MONTANA.
Previous Purchase: 1/25/07 - $2,385,000
Listing History: 4/7/10 - $2,250,000
SOLD: 5/27/10 - $2,250,000
This house went into escrow after being active for just 10 days. The price that it sold for looks like a mid 2006 price or so. That is substantially above what I would call market value as we have been seeing most properties in late 2004-mid 2005 range. The description mentions "green improvements", a detached garage which is a "converted studio", and "landscaping". To really get a true picture here, we would need to find out if any upgrades were made after the 2007 sale date and then adjust them out.
This is a tired house that sold for 30% above avg. price per square foot for the zip code.
ReplyDeleteAt $1096/PPSF.....this is not a good sign.....
With an illegal converted garage to boot....
ReplyDeleteIn the LA times today, they said that actor Ed O'Neill is the seller. He just bought Julianna Marguiles' house.
ReplyDeleteAl Bundy was living in a dump.
ReplyDelete