Scrape it or Save it?

2013 / sold

DESCRIPTION

(This property is located directly next door to the home I just closed escrow on at 413 S. Bristol. I sold that one for the full price of $8,450,000). I personally don’t feel this property at 411 is necessarily a “tear-down”, as the facade has been updated since 1948 and there are certain elements of the home that have been re-done over time, but when I look at ALL factors considered, it’s an attractive property for potential developers, owner users looking to build new or work with the existing structure. The listing agent from Teles described it as follows: THIS HOME IS SURROUNDED BY LUSH GREENERY TO MAKE IT EXTREMELY PRIVATE. MOST OF THE DOWNSTAIRS ROOMS LEAD TO AN OUTDOOR SPACE. THE MASTER BEDROOM IS LOCATED ON THE MAIN LEVEL AND OVERLOOKS THE ENTERTAINMENT DECK. THE BREAKFAST AREA, FAMILY ROOM AND LIVING ROOM ALSO SURROUND THE ENTERTAINMENT DECK. BEYOND THE DECK IS A RECTANGULAR POOL WITH LANDSCAPING TO CREATE AN OASIS. UPSTAIRS ARE THREE BEDROOMS AND A FAMILY ROOM. This property listed at the beginning of September 2013 and sold in multiple offers $650,000 over asking price closing at $5,750,000.

FEATURES

Address: 411 S. Bristol Ave., Los Angeles, CA 90049
Bedrooms: 5
Bathrooms: 5
App. Sq. Feet: 5100
App. Lot Size: 16384 acres