Sold Listing

SOLD! Clean Contemporary Bel-Air Short Sale

This was a very interesting short sale listing. The price previously approved by the bank with a different agent was $1.1M, but the buyer's cancelled, so when the owner contacted me, I re-listed it at that same price. I got a tremendous amount of interest in this property, and showed it to over 100 buyer's I would say with multiple open houses and a plethora of private showings. At this price it was one of the lowest priced homes in Bel-Air, yet buyer's would consistently leave disappointed. I was very surprised, but many were expecting a large flat grassy yard and designer kitchens and baths. I kept trying to tell people that if it had those things it would be closer to $2M! That said people either were not interested, or kept talking about really low numbers like $700,000 or so. After almost two month's on the market, someone finally contacted me about writing an $850,000 offer, and I told them honestly I don't see any way it gets approved by the bank, but if they were serious we could submit it and see. To my surprise, the bank countered with $910,000, but they wanted it closed by the end of the month. Even at this incredibly low number the buyer balked, which was shocking to me as it was a steal at that price. An all cash investor called me shortly after wanting to offer the same $850K but all cash and could close in just two weeks. I told this person what the bank wanted and he came up to $880,000. After much pushing to both the bank and the buyer, and having to throw in a large amount of my own commission, we came to an agreement at the $880K. This was just the start though. After a less then stellar home inspection, the buyer wanted a large credit, which the bank would not do. Even though the bank's appraisal valued the property at $1,150,000 the buyer was still thinking about walking, as he did not believe it was a deal (at least that is what he was telling me). In the end, I threw in a little more of my commission for some of the needed repairs and was able to close the deal for all parties involved at an unbelievably low $880,000. I am happy for my Seller that after much distress with this property (I was his 3rd agent hired to sell it), he is able to move on with his life. I am also pleased for the buyer, who got himself a tremendous deal; in fact, the one that everybody always wants. In the end, although I had to throw in quite a bit of money, the client's come first, and I am glad I could keep the deal together and close it to the mutual benefits of all parties involved! Done deal.

On to the next one...

1333 Stradella Road, Bel-Air

Sold for $880,000 3 Bed 2.5 Bath 2,660 Sq. Ft 13,780 Sq. Ft Lot

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Listing by Eric Smilay for Smilay Properties Photos taken by Michael Andrew McNamara for Smilay Properties

If you would like to find a home in and around the Bel-Air area, please feel free to contact us anytime @ 310.600.9172 or email

SOLD! Classic Ranch Style Listing in Sylmar

SOLD for $295,000 in under 3 weeks! It would have been full price, but appraisal came in a bit low. Seller's are very happy, and I am happy for them and was pleased to assist.

Well maintained classic ranch style home with special sunken living room, featuring a cozy fireplace and soaring post & beam detailed ceiling. The property has great curb appeal with a gate, long driveway, and a well manicured yard. Upon entry one is immediately struck by the openness of the home. The gleaming wood floors set the stage for a large formal living room with white fireplace that merges into a nice dining room area. Step down from there into a special family room with walls of glass allowing natural light and architectural details. The room leads out through sliders to a nice lush backyard, perfect for soaking up the sun or relaxing under the covered area. Three bedrooms, one and a half updated baths, and immaculate. Standard sale, no waiting for bank approval.

14372 Beaver St, Sylmar

$297,000 3 Bed 1.5 Bath 1,519 Sq. Ft 7,150 Lot Sq. Ft.

Listing & Photos by Eric Smilay for Smilay Properties

If you would like to find a similar style home, please contact us anytime @ 310.600.9172 or email

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!