Saturday, September 10, 2011

House, er, townhouse of the week in Toluca Lake

This is 4354 Cartwright in Toluca Lake.  The picture doesn't quite do it justice.  It's a 2 bed, 3 bath, 1380 sf. with an attached direct-entry 2-car garage, a loft and four -- yes, four -- decks or patios.  Two of the decks are roof-top and have views.  The building is mid-block away from busy streets and is in a nice residential neighborhood.  You can even walk to Firenze! Or the BMW dealership on Lankershim! Or St. Charles!  And if all that isn't enough, it just had a price reduction to $349k.  And the hoa is a low $230 a month.  I'm very impressed by this townhouse complex -- so much so that my husband and I made an offer on another unit here for ourselves last November (alas, we were outbid.)

Now for the bad news: it's a short sale.  But if you're willing to wait out the process, you'll have a really nice unit.
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3 comments:

  1. Anonymous8:34 AM

    Wow..looks nice. So with the price reduction I take it that is the going rate out there? I thought T. Lake was more in the 450k for that size.

    If that was a end unit I might have been interested. End unit could get me to accept the drive to Century City..could..I think. LOL

    TonyM

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  2. Judy Graff, Broker Realtor9:30 AM

    Tony, I'm surprised that the th is priced that low. The one we made an offer on in November was a little bigger (and was a nice end unit) but it went out at $420k. I hate to say it, but I think a lot of the price reductions we're seeing out there are due to lack of marketing on the Realtor's part. The days are gone where all a Realtor needed to do was toss a property onto the mls to sell it.

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  3. Anonymous8:32 AM

    I'm glad the days of simply tossing a property onto the MLS is all it takes are ending. Weed out the amateurs looking for the easy money by opening doors vs the professionals like yourself.

    A good real estate agent is worth every penny a incompetent one usually ends up costing money or simply frustrating oneself to no end. :)

    TonyM

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