440 N. Flores St., Los Angeles, 90048, $985,000
This new short sale in the Beverly Center-Miracle Mile area is definitely worth a look! This is a prime, central area of Los Angeles, within walking distance to several of the premier shopping areas of LA; the Beverly Center, the Grove, and the shops on Melrose Avenue (particularly the high end designer shops on the western end of Melrose...yummy!).
This home scores an 80 on walkscore.com, which for Los Angeles...is off the charts!
The home is on a beautiful block of homes, most built in the 1930’s - 1940’s. This home was built in 1939, is a 3 bedroom, 2 bath home at 2255 sqft, and is on a bigger than average lot of 6500 sqft.
The kitchen has been upgraded and includes the classic granite countertop, travertine floors and stainless steel appliances.
Additionally, the baths have also been upgraded, are tiled beautifully, with a large spa tub in the master.
The family room has French doors that lead out to the backyard.
The short sale price of $985,000 is considerably below the area comps, and is therefore priced very well. With that being said, this area is adjacent to Beverly Hills, West Hollywood and Melrose neighborhoods, thus you are comparing this to some truly magnificent homes, with every imaginable design element utilized. Bottom line...this home is not on the Architectural Digest tour to be sure, but the neighboring might be. And as always, “location, location, location” rules the day. There is some terrific upside in this short sale!
Priced well for what the property currently delivers, the future potential is strong. If you’d like to see this home in person please email me, or call me at 213-309-5005.
Listing provided courtesy of Robert Silverman, Magno Realty Group.