Monday, January 7, 2008

Brentwood foreclosure

Property values won't fall on the Westside because we don't have foreclosures like those other neighborhoods. Or is it we don't have foreclosures because owners in trouble can still sell because our prices don't fall?

Except here's one in Brentwood, no less, a 3 bed / 3 bath house at 12443 W. Sunset Blvd. (across from Medio Dr., 3 blocks west of Kenter Ave.), asking $1,449K, listed 12/10/06, went "Looking for Backup" last week.

"Bank-Owned Foreclosure!! Private and gated cottage set back from street in great location in Brentwood. Large, charming yard features a pool, covered cabana, and grassy area. Three bed/three bath house has hardwood floors, beamed ceilings, granite kitchen counters, nice bathrooms, indoor laundry. Garage converted to 2 single units (unpermitted). Needs a little TLC, but has great potential! ..."

Granted there's Brentwood and then there's Brentwood; you see the afternoon traffic backed up on Sunset from the 405 out front in this aerial photo (MS Live link). And imagine living in one of those garage units next to Sunset!

The Assessor doesn't show a sale within the last two years, but its 11/29/2006 recording date of Land $1,139,000 and Improvements $400,000 would be pretty recent. Anyone have loan or last sale info?

11 comments:

Anonymous said...

you'd have to be a maniac to live on sunset.

Anonymous said...

How about those mediterranean condos/townhomes they are building on Sunset just east of this place?! They are squished in there between the other units and the traffic....just to go to the grocery store would be a pain, but hey you would have a Brentwood address. Actually those, townhomes will probably try for the same price as this foreclosure...

Mikey said...

There have been more than a few foreclosures; they've just not been well publicized.

JBR said...

Get a foreclosure radar account. They get data daily from the county recorder and are quite accurate. Search by zip code and plots it on a google map. very interesting...

Anonymous said...

Sounds like "interesting" people that were living there. I would never expect a garage in Brentwood to be converted into 2 single units. That has to be the most bizarre thing I have heard in ages.

Anonymous said...

I am just guessing here but the guys probably couldn't afford the mortgage so he turned the garage into a two unit place to help subsidize his monthly cost.

Anonymous said...

Any foreclosures in 90402? Will be fun to look at those as they come in

JBR said...

Any foreclosures in 90402?

Not too much action there...

3 NOD's
607 26th-Land
511 San Vicente-Condo
101 Ocean #301 -Condo

3 Auctions
607 26th-Land (same as above)
710 Kingman-SFR
222 7th 306-Condo

Anonymous said...

ok so basically no houses in the flat walk streets of the 90402 yet (except the one on busy 26th)

guess we have to keep waiting and waiting for those to hit auction

Kelly said...
This comment has been removed by the author.
Anonymous said...

I am just looking for good times when prices will rise and people will have a smile on their face.