Short Sale on Sunset Plaza

This short sale on Sunset Plaza Drive - a strange amalgam of Spanish and Tudor - is now listed below its 2000 sales price. Bargain! The five-bedroom, four-bath features vaulted ceilings in the living room, a marble topped wet bar, a koi pond, zen garden, and pool. There's also a detached sauna, computerized security system, and hardwood floors. The house last sold in June 2005 for $2.25 million. And it was on sale around 2007 for $3.495 million (but the home never found a buyer). The listing agent has wisely taken new photos, and the photos from the old listing might explain why it never sold at the height of the market. That is a whole lotta mahogany. It was previously sold for $1.735 million in 2004 and before that, $1.55 million back in 2000. Now it's on the market for just $1.4 million.
· 1625 Sunset Plaza Dr Los Angeles, CA 90069 [Redfin]