Saturday, October 11, 2014
Hollywood Hills house closed yesterday - whew!
The house is a flip and the new stuff is really nice, but an entire lower unit had been torn out on the order of L.A. City. And there were lots of brand-new concrete pours and patches which indicated lots of cracks and slipping. This is no surprise as the house is built on a hillside.
We had lots of inspections and estimates and the news wasn't so great. But two factors made this purchase a go: first, Jim and Elizabeth are up to the challenge of a not-perfect house and second, the sellers gave the buyers a huge, huge credit. (It's the largest credit of any real estate transaction I've been involved in.)
I am eager to see how Jim and Elizabeth (wonderful clients, btw) will fix this up. Here are pics of a friendly neighborhood kitty and also the sunset view from the front porch.