3054 St. George St., Los Angeles, CA 90027 – Transaction Details

Date: June 28, 2021
Property Type: 3 Bedroom, 1.5 Bathroom, 1,860 Square Foot Single Family Home
Purchase Price: $1,840,000
Year Built: 1939
Description:  Represented first-time buyers with beating multiple offers to secure a fantastic home in the highly desirable Ivanhoe School District of Silver Lake.

3054 St. George St., Los Angeles, CA 90027 – Transaction Summary

Our clients came to us in the midst of a highly competitive market during the coronavirus pandemic with a desire to secure a home in Silver Lake.  After taking some time to become acquainted with a market where properties were regularly selling for hundreds of thousands of dollars above list price, our clients honed in on the Ivanhoe school district as their desired location.  With their financing lined up and ready to go, they were prepared to quickly jump on this perfectly situated home on Saint George Street.  Originally listed at $1.65mm, our clients moved aggressively to beat out multiple offers with our assistance.  The escrow process revealed the property was in significantly better condition than expected, with upgraded plumbing, sewer line, and more.  Nevertheless, our inspections uncovered several issues that enabled us to negotiate a significant price reduction and credit, meaning our clients faced no closing costs to close the deal.  We also coordinated with our clients during escrow to allow multiple visits by contractors so that our clients can hit the ground running with their remodeling projects as soon as escrow closed.  With the deal now closed, our clients will be able to turn this property into their dream home for many years to come.

Additional information and pictures can be found here.

For more information on this transaction or to discuss any other questions you may have concerning the Southern California real estate market, contact Esquire Real Estate Brokerage, Inc. at 213-973-9439 or info@esquirereb.com.

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