SOLD -- Character Spanish in the Hollywood Hills

My seller's closed escrow today on this Spanish home in a great Hollywood Hills neighborhood. When I first met with the owner's at the house, I thought this was a great character Spanish home that if priced well would sell relatively quickly, and I was right...sort of. It first "sold" close to the original asking price of $899,000, meaning we accepted an offer and went into escrow within the first two weeks of it being on the market. Then came inspections. The inspector uncovered numerous issues ranging from serious problems to minor ones. The buyer, understandably so, decided it was more work then they were prepared to take on and cancelled escrow. This happened two more times, as even though we continued to reduce the price and disclose everything upfront, the buyer would do an inspection of a different kind and a new issue would arise. It was crazy. Then we finally changed the marketing up to appeal only to investors, professional flippers, or contractors. This is what this house really needed. We got a great offer from an experienced buyer, and just closed escrow. I am very happy for my seller's to get this done. I can't wait to see what the buyer does with it, and if it will be back on the market done to the 9's in six month's or so. I wish them well with it. The potential is definitely there.


$749,000 (Sold for $700,000) 3 Bed + 1 bed apartment w/ separate entrance 3 Bath 2,458 Sq. Ft 4,930 Lot Sq. Ft

Listing by Eric Smilay for Smilay Properties - Pictures by David Barton. Thanks David, great work!