Another day, another hard to sell Chinatown property finally goes. This rather lovely and rather chopped live/work went on the market in October 2008 asking $895,000, and its latest asking price was $595,000. A reader emailed us the story of the sale: "When I read this post, I thought this would be interesting for my friend, photographer extra-ordinaire Ed Freeman. He had been wanting to upgrade from his artist's lofts for years. He was in Boston at the time, and asked me to go to the open house for him on Saturday. On Monday, he arranged a visit of the property with Scott King, the realtor from Deasy Penner. On Wednesday, he put in an offer. After some back and forth, the offer was accepted on Thursday. In one of the more unusual closings, Ed then left for two months to travel through China and Tibet, all the while keeping in touch with the realtors through the Web...Look for a combination photography studio and gallery in the near future." Redfin says the space went for $575,000.
· Lovely Chinatown Live/Work Gets Third Time Around [Curbed LA]
· Live/Work Artist’s Loft [The Value of Architecture]