This property has only been on the market for about two weeks, but has already made a major (and much needed) reduction in asking price. Located in the lower Oaks, the two bedroom, two bath house features a stone fireplace, a huge main room, and a bonus room not included in the square footage. Best of all, the house also has "a bar area and a secret cave." The listing warns the house is "in need of TLC" and is an estate sale. Originally listed at a whopping $2 million, the reduced asking price is $1.495 million, or $463 per square foot. Yes, a 25% reduction in just two weeks but now far more in line with neighborhood comps. Meanwhile, that Hollywood Hills Mediterranean with a speakeasy is still waiting for you. No pricechops there.
· 5756 Valley Oak Drive CA 90068 [Redfin]
· New To Market: Hollywood Hills Mediterranean With "Speakeasy" [Curbed LA]