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Richard Neutra-Designed "Boxcar" Flip in the Hollywood Hills

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Got a couple nuggets of Richard Neutra news this afternoon. Leading off, an update on Silver Lake's Koblick duplex. Listed for $849,000 in November with a "pending" status its first day on the market, the 1,620 square foot building closed January 20 with a final sale price of $750,000. But just as one Neutra goes off the market, whaddyaknow, here comes another one to maintain equilibrium. Known as the Linn House, the new kid on the selling block was designed by the Viennese architect in 1961. Located in the Hollywood Hills on Mulholland Drive just north of Torreyson, the 1,787 square foot residence is described in Thomas Hines's book Richard Neutra and The Search for Modern Architecture as belonging to a genre developed by Neutra in the fifties and sixties of "post and beam boxcars." According to public records, the three bedroom, two bath house last changed hands not quite a year ago for $825,000. Given the dearth of listing photos, etc., it's unclear what degree of maintenance/updates may be necessary, although the listing's statement, "Many original Neutra details make this home a wonderful opportunity to restore..." gives us a pretty strong hunch. Regardless, the sellers are looking to flip the fifty-one year old property with what could be quite a hefty profit margin--its current price tag is $1.195 million.
· 7820 MULHOLLAND Dr [Redfin]
· Just Listed Neutra Duplex in Silver Lake Already Pending Sale [Curbed LA]