2121 Broadview Terrace, Hollywood Hills, CA 90068 – Transaction Details
Date: November 8, 2016
Property Type: 3 Bedroom, 1.75 Bathroom, 1,276 Square Foot Single Family Home
Purchase Price: $1,030,000.00
Year Built: 1928
Description: Represented first time home buyers in connection with acquiring a beautiful Hollywood Hills home.
2121 Broadview Terrace, Hollywood Hills, CA 90068 – Transaction Summary
Our clients in this transaction were exceedingly patient in a sellers’ market, and as a result of that patience were able to secure a property for almost $20,000 below list price. After several months of searching for a Spanish-style single family home in the Silver Lake and Hollywood Hills areas, and consistently checking on new available listings, our clients identified this home and immediately decided to make an offer. Despite competing against other offers, including an all-cash offer, we were able to assist our buyers with negotiating a price reduction from the initial list price of $1,049,000.00 down to $1,030,000.00. During escrow, we recommended thorough investigations of the property and surrounding hillside, which revealed several required repairs. Through further negotiation, we were able to obtain the seller’s agreement to take on the responsibility of making most of those repairs, including a new sewer line, as well as a substantial credit against closing costs. What’s more, despite the need for extensive inspections and repairs, we were able to close the deal with an escrow period of only 36 days. Our clients can now enjoy their new, move-in ready home with beautiful views of Downtown and in a great location close to the Hollywood Bowl and everything else that Hollywood has to offer.
Additional pictures from the property’s MLS listing are available here.
For more information on this transaction or to discuss any other questions you may have concerning the Los Angeles and Hollywood Hills real estate markets, contact Esquire Real Estate Brokerage, Inc. at 213-973-9439 or firstname.lastname@example.org.