600 S. Ridgeley Dr., Ph2, Los Angeles, CA 90036 – Transaction Details

Date: May 29, 2015
Property Type: 3 Bedroom, 3 Bathroom, 1,410 Square Foot Penthouse Condominium
Purchase Price: $840,000.00
Year Built: 2009
Description: Represented yet another first-time home-buying couple in acquiring this unique, centrally located Miracle Mile penthouse condominium with amazing views.

600 S. Ridgeley Dr., Ph2, Los Angeles, CA 90036 – Transaction Summary

After losing out on the initial round of bidding on this unit, we continued to push our strong offer by staying in touch with the listing agent, and we were ultimately able to capitalize on the prior buyer’s failure to timely lift contingencies. Based on our analysis, the listing price was low, so our clients were comfortable with submitting an offer that was above-list and also waived the appraisal contingency, which motivated the seller to accept our back-up bid. After conducting the necessary inspections and due diligence, we were able to quickly close escrow to allow our buyers move into this beautiful Ridgeley Drive property.

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 info@esquirereb.com.

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