2016 Veteran Avenue – Transaction Details
Date: February 6, 2018
Property Type: 4 Bedroom, 2.5 Bathroom, 2,025 Square Foot Single-Family Home
Purchase Price: $1,750,000.00
Year Built: 1923
Description: Represented the buyers of this beautiful, completely remodeled and updated modern-Spanish single family home in the prestigious Westwood Charter school district.
2016 Veteran Avenue – Transaction Summary
After weighing several options on the West Side, our buyers identified this beautiful home in Century City at 2016 Veteran Avenue. The home, originally listed at $1.8 million, had been completely remodeled from the studs up, including new electrical wiring, new plumbing, new sewer lines, beautiful hardwood floors, an elegantly redone kitchen that flows directly into the living room and backyard, and more. The detached garage with the ability to be converted into a “granny flat” or accessory dwelling unit (which we discussed in one of our recent blog posts linked here) was an attractive extra bonus to our clients. Our buyers jumped on the opportunity to open escrow during the December holidays, which can be a great time to buy due to fewer people searching for homes, and we were able to negotiate a reduced price of $1.75 million. During escrow, our buyers followed our advice of conducting several thorough investigations, which led to the discovery of several items that the seller agreed to repair, and also enabled our clients to negotiate a substantial credit toward closing costs. After coordinating with one buyer in Hawaii and one here in Los Angeles to finalize the loan process, our clients were able to close the deal and are now the proud owners of this beautiful home.
Additional information and pictures are available here.
For more information on this transaction or to discuss any other questions you may have concerning the Los Angeles real estate market, contact Esquire Real Estate Brokerage, Inc. at 213-973-9439 or firstname.lastname@example.org.