Home Buying in Los Angeles>Question Details

Brian Hurson, Other/Just Looking in Dublin, OH

How can a Hancock Park house be listed for $15k?

Asked by Brian Hurson, Dublin, OH Thu Feb 5, 2009

I don't understand why this house in Hancock Park is listed at $15k and other similar houses in Hancock Park are listed at over $1 million. Surely this house will not sell for $15k so why is it listed at this figure?

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Answers

5
Easy answer- it is the lease price. The house is for lease for $15,000 a month!
Web Reference: http://www.keyserhomes.com
1 vote Thank Flag Link Thu Feb 5, 2009
And it may be a bogus Realty Trac posting.
0 votes Thank Flag Link Thu Feb 5, 2009
For example: this one:

345 South Rossmore Avenue, Los Angeles CA 90020
0 votes Thank Flag Link Thu Feb 5, 2009
Hello Brian,

It's probably a defaulted loan. I would buy 30 of them at 15k in Hancock Park. Sometimes there are companies that will post foreclosures. Chances are that this person has defaulted on one of their loans but it isn't listed for sale at that price

Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@kw.com
0 votes Thank Flag Link Thu Feb 5, 2009
Where is the listing? Got a link? It may have been a simple typo.

Terrence Charest, e-Pro
0 votes Thank Flag Link Thu Feb 5, 2009
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