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154 S Anita Ave
Los Angeles, CA 90049
$6,295,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4150
Property Description
Unbelievable opportunity to own this totally remodeled 2-story Traditional. The front yard greets you with lush landscaping bursting with flowers and a 100-year-old sycamore tree. The entry is large with high ceilings flowing to the living room and dining room. Living room has a fireplace and a huge window overlooking front garden. The dining room easily seats 12 and has built-in custom cabinetry and wine refrigerators. The family room is large with built-ins and casual dining. French doors open to a truly magical backyard with pool, outdoor fireplace, outdoor theatre, dining area, lush landscaping with total privacy and open entertaining areas. The kitchen is remodeled with Carrera marble, center island, a wall of built-in cabinets/pantry, and breakfast seating area that opens to the dining room. The ADU is brand new with a kitchenette, built-in desks and floor-to-ceiling storage cabinets with French doors that open to the outside dining area. Upstairs are 5 rooms. The primary spans the entire front of the house with large windows. There's a large sitting room that could be an office, nursery or playroom and a large bedroom with a fireplace. Primary also features a remodeled bathroom with duel sinks, soaking tub, steam shower and 2 sizable walk-in closets. Off the center hallway are 3 additional bedrooms. 2 of them are medium sized and share a large hallway bathroom. The 3rd is a junior suite with a large bedroom en suite and walk in closet. This home has tons of light, high ceilings, hardwood floors throughout, gated driveway, new lush landscaping and located on the best street between Sunset Bvd and San Vicente in Brentwood!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1938
MLS Number
24-379757
Location
Address
154 S Anita Ave
City
Los Angeles
State
CA
Zip Code
90049
County
LOS ANGELES (NORTHWEST LA)
Listing
Provider
Coldwell Banker Realty, original listing
Name
Coldwell Banker Realty
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(310) 777-6200
Agent Name
Valerie Fitzgerald

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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.