The people who have the money to buy places like these cash are the ones who still have money since they are stashing it all away right now.
Anyways gorgeous "flip", over priced, but I can see it selling for over 1 million.
Hancock Park is a great neighborhood within the city. Sure you are blocks away from less then desirable areas, but you are still not too far for a quick drive for some Korean BBQ.
Very pretty house, a bit of a commute for those who commute to the west side.
Not bad for the current market, but after looking at the 2000/2001 prices Id drop 300-350K tops but Im sure there will be people who are going to pay up to this price.
Afternoon Thinkage: Best Neighborhood To Be Unemployed
With a bicycle you can bike from Palms to Venice, and then Santa Monica in under 12 miles total.
Their are bike lanes all the way to the beach from Venice Blvd too so you don’t have to be too worried..
Besides that lots of Art Galleries in the area, Landmark Theaters & Mall (they have a puppy store now!), and a slew of other places within a short distance to keep yourself occupied.