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7107 S Sepulveda
Westchester, CA 90045
Alexis Balner Hsu with Vista Sotheby’s International Realty, original listing - (310) 541-8271
$2,799,999
Conventional
Property
Bedroom
3
Bathroom
Full: 1, ¾: 3
Property Type
Conventional
Square ft
2040 Square Feet
Property Description
Don't be fooled by this address! This mostly original mid-century retreat is located on a private road sitting high above Sepulveda Blvd. tucked away from all busy streets and sits on over a 1/2 acre of land. The main house is comprised of 3 spacious bedrooms and 2 bathrooms and has a large detached studio CASITA with its own full bathroom. Upon entering you will be greeted with abundant natural light and very flexible floor plan. The kitchen is adorned with tile floors and counters, dishwasher, gas stove with griddle, microwave, refrigerator and tons of cabinets and storage. The formal living area has floor to ceiling windows, a brick fireplace, built-in cabinets and vaulted ceilings with exposed beams. The formal dining room could easily be used as an office, exercise space or endless other options with its retracting walls. There is a 2nd living space that could also make for a great playroom or could easily be turned into a 4th bedroom with moving walls to fully enclose it. There is new central air conditioning, upgraded electric and carpet throughout the home. Each of the bedrooms have large closets and the primary bedroom comes with plantation shutters and direct access to the fully enclosed backyard. The backyard has plenty room for activities including your PRIVATE TENNIS COURT and access to the casita. The laundry is located in the oversized detached 2 car garage that comes with a 220 EV charger. The long driveway would be able to accomodate multiple cars as well. This is a one of a kind home in the perfect location with easy access to the 405, Howard Hughes shopping center, LAX and anywhere on the westside. To maximize value, this well maintained home can be cosmetically upgraded, easily add a kitchen to the casita or expand the footprint. This unique property needs to be seen to be believed.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1951
MLS Number
--
Location
Address
7107 S Sepulveda
City
Westchester
State
CA
Zip Code
90045
County
LOS ANGELES (SOUTH CENTRAL)
Listing
Name
Phone
(310) 541-8271
Office Name
Office Phone
(310) 541-8271
Agent Name
Alexis Balner Hsu
Agency Phone
(310) 541-8271

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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.