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5836 W 74th Street
Westchester, CA 90045
$1,979,000
Foreclosure
Property
Bedroom
6
Bathroom
5
Property Type
Foreclosure
Square ft
3583
Property Description
REO - This property has gone back to the lender and must be sold! Huge price reduction. At $553 per sqft. one of the lowest $/sqft for a single family residence in Westchester and reflects its need for cosmetics and other repairs. This diamond in the rough still has good curb appeal, many improvements, and a 400 sqft detached permitted recreation room. This home sits on a mostly flat 8,900+ sqft lot. The original home was built in 1949 but per neighbors was taken down to one or two walls and completely rebuilt with major additions and renovation including 2nd story, completed around 2008. The kitchen was remodeled again around 2018. House has 6 bedrooms and 4 bathrooms, plus the large detached Recreation Room with bathroom that would be a great WFH or creative space, or maybe even convert to an ADU. Dramatic double-door entry into 2-story foyer. Bottom floor bedroom wing has 3 spacious bedrooms and 2 bathrooms. Bottom floor living space consists of a huge Great Room with coffered ceilings, giant island kitchen with breakfast bar and tons of cabinets and counterspace, direct garage access and laundry alcove. Two sets of French doors and plenty of windows open to the large fully fenced and walled rear yard, which features low-maintenance land/hardscaping and a big shade-providing pergola, making this lower floor and backyard space an entertainer’s dream and providing tons of room for your puppies to run and play all day long. Upstairs has another 3 spacious bedrooms and 2 bathrooms that include a huge primary suite, large walk-in closet, and large bathroom with two sinks, separate shower with bench seat, and soaking tub. French doors open the primary suite to a west-facing deck that overlooks the rear yard and lets in plenty of sunshine and coastal breezes. This home appears to have multi-zoned HVAC, tankless water heating, and is at least partially hard-wired for CCTV and computer networking, and it has no shortage of recessed lighting, light switches and electric outlets throughout. If you’re still living the WFH dream this would be a great place to do it! Prime location and very close access to 405 freeway. LAX, LMU and Playa Vista are all mostly within a 2 mile radius. 3 miles to SoFi Stadium, 7 miles to UCLA and Beverly Hills, and 10 miles to DTLA as the crow flies.
Property Information
Lot Size
8,969 sqft square ft
Property Type
Residential
Year Built
1949
MLS Number
SB23135408
Location
Address
5836 W 74th Street
City
Westchester
State
CA
Zip Code
90045
County
LOS ANGELES (SOUTH CENTRAL)
Listing
Provider
PV Realty, original listing
Name
PV Realty
Phone
(310) 877-7213
Office Name
PV Realty
Office Phone
(310) 295-2166
Agent Name
Pierre Valliere

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.