Home for Sale at 8006 Kittyhawk Ave, Los Angeles, CA 90045

8006 Kittyhawk Ave
Los Angeles, CA 90045

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Property Details

List Price:	$1,895,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	2130
Agency:	Compass

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1947
Notes:	Rare, open concept living are just one of the advantages to residing within this broad, 1947 Mid Century Ranch that sits in the heart of desirable Westchester. Completely redesigned in 2015, expanded living and dining areas flow seamlessly into a chefs kitchen that comes with viking appliances, custom cabinetry and a conveinent center island and breakfast bar. A series of large windows and french doors throughout bring a steady wave of natural light into the entire space. This ideal family home has an incredibly thoughtful layout, separating the entertaining areas from the resting and working areas. At the rear of the home, a large en suite primary bedroom comes with a large, walk in closet, and down a hallway is a second, en suite guest room and bathroom. At the front of the property are a separate, convenient laundry space, powder room and 3rd bedroom with gas fireplace, ideal for a den or office. French doors off of the bright dining space lead to the newly remodeled backyard that features trex decking and a built in swim spa that has bluetooth capabilities, exercise equipment and lighting, perfect for relaxing with family, summer swims with children and friends during pink-sky summer evenings. A second, side entertaining space and 2-car garage access are both accessible from the living area, allowing for easy indoor / outdoor flow from both sides of the property. The home is central to LAX, Venice, Marina Del Rey and the 405 freeway and just minutes from nearby favorite amenities such as Trader Joes, The Boy & The Bear, Ayara Thai, Truxtons and so much more.
MlsNumber:	24-380579

Listing Provided By:	Compass, original listing
Name:	Compass
Office Name:	Compass
Office Phone:	(323) 593-6999
Agent Name:	Benjamin Kahle
Disclaimer:	Copyright Â© 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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Property Details

Map Details Show Map | Show StreetView

Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing