7407 Louise Avenue, Lake Balboa, CA 91406 – Transaction Details

Date: December 4, 2014
Property Type: 2 Bedroom, 1 Bathroom, 819 Square Foot Single Family Home
Purchase Price: $365,000.00
Year Built: 1949
Description: Listed and sold this single family home on Louise Avenue in Lake Balboa in less than 30 days.

7407 Louise Avenue, Lake Balboa, CA 91406 – Transaction Summary

Our first listing and smallest transaction so far.  Our first step after meeting the owner of this meticulously maintained and thoughtfully updated 819 square foot single family home on Louise Avenue in Lake Balboa was to assess the situation with her property management company and tenant.  After convincing the property management company that they were not permitted to charge our client a contract termination fee, we decided it was in our client’s best interest not to list the property for sale while the tenant was in possession.  This proved to be the correct decision after several failed attempts to make appointments with the tenant to show the property to prospective buyers.  Upon the tenant vacating the property, it was quickly listed, and a cash buyer was identified in just 15 days at a sale price of just $4,000 under our list price of $369,000.00.  Escrow opened, inspections conducted, repairs completed, a title issue resolved, and escrow closed in just 11 days saving our client the time, money, and stress associated with a long escrow period, and all of this was accomplished during the holiday season, to boot!  While this was our smallest transaction to-date, our happy seller and happy buyers made it entirely worthwhile.  No deal is too big or small for Esquire Real Estate Brokerage, Inc.

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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