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Silver Lake Starter Home Sells Below Asking

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Remember this itty-bitty bungalow in Silver Lake? Apparently targeted at first-time home buyers who think Eagle Rock or Highland Park is beneath them, the 672-square foot, two bedroom, one bath "major fixer" first went on the market for $300,000. It November the listing price was reduced to $270,000 for the all-cash deal. While the house is tiny, the lot is 2,221 square feet, albeit mostly hillside. The house sold this week. Final sales price: $250,000.
· 3633 Effie St Los Angeles, CA 90026 [Redfin]