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Listingwire: Little Tokyo Lofts Drops, Westwood Staging, Encino Knights

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Each week ListingsWire mentions notable movements on the MLS: New listings, price chops, flips, and more. Spy movement? Email us.

DOWNTOWN: When Little Tokyo Lofts was advertising, fliers would note that prices for the building's 300 units started in the mid-$300,000s. Now, it looks like this unit, a 690-square-foot studio that's listed for $245,000, is the cheapest available in the building. Harsh: This unit sold in November 2006 for $400,000. [Redfin]

WESTWOOD: Agents like to tout homes that appear on television, and the listing for this three-bedroom (it's listed at $1.849 million) house references an appearance on "The CBS Evening News With Katie Couric"; it was a "designer-staged home." Shiny bedspreads. [Redfin]

ENCINO: "If you have to live in the Valley, live in Encino." That was recently overheard at a bar in Mid-Wilshire. But speaking of staging, this new listing, a "fabulous Cape Cod in Encino on quiet cul-de-sac," is obviously owned by some type of art collector/fabulous person because the home boasts two giant armored statues. A two-bedroom on Hartsook Street, it's listed at $1.649 million. [Redfin]

Little Tokyo Lofts

420 S San Pedro St, Los Angeles, CA 90013