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4415 Cleland Ave
Los Angeles, CA 90065
$1,299,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1097
Property Description
Nestled in the serene hills of Mount Washington, this peaceful renovated retreat style home is well appointed at the end of a private road with a spacious 2 bedrooms + 2 bathrooms and approximately 1,100 sqft of living space. A harmonious blend of comfort & sophistication, this elegant mid century bungalow maintains its charm and character while offering an incredible indoor/outdoor flow with very tasteful renovations and finishes throughout. Upon entering, you are greeted by well manicured landscaping seen through the many windows and glass sliding doors plus an abundance of natural light, courtesy of strategically placed skylights that illuminate the interior. A well equipped open kitchen layout was custom to blend the indoor + outdoor which flows organically with the space providing a sense of openness and tranquility throughout. The primary bedroom has a sliding door with access to the backyard and a primary bathroom that offers a spa like environment with an oversize shower, skylight, dual shower heads, and great finishes. The property features a private patio, perfect for al fresco dining and relaxation, while the beautiful landscaping and fire pit offer an inviting outdoor oasis. For convenience, a private covered parking area with two parking spots and additional private parking are provided, ensuring ample space for your vehicles with plenty of storage as well. As a bonus, this property offers an additional 1 bedroom/1 bathroom bootleg unit on top of the parking area with its own backyard. Situated on a generous lot of 4,240 square feet, this home offers a sense of privacy and seclusion, while still providing easy accessibility to the finest dining and shopping destinations that the area has to offer.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1949
MLS Number
24-397059
Location
Address
4415 Cleland Ave
City
Los Angeles
State
CA
Zip Code
90065
County
LOS ANGELES (EAST LA)
Listing
Provider
Name
Compass
Phone
Office Name
Compass
Office Phone
(310) 230-5478
Agent Name
Federico Rolon

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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.

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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.