Concerto Lofts #238 Playa Vista

I think it’s fair to say there are a lot of non-available or undesirable properties on the market in Playa Vista now.  If it’s not litigation making financing difficult or short sales with 23 offers that are still listed as “active,” it’s just unattractive or overpriced properties.

Here’s one that is none of the above in Concerto Lofts #238 Playa Vista (13045 Pacific Promenade).  It is a Controlled Price Unit, meaning the maximum price is set by guidelines tied to the consumer price index for 15 years.  This property is listed for approximately $40,000 under this maximum price.  It is a short sale, and despite some interest, we currently have no offers and are waiting for the right buyer who is willing to stick with us as we go through the short sale approval process.   The situation is 2 loans with Bank of America, not an extremely large deficiency, and HOA dues will current at close of escrow per the seller.

This 1 bedroom corner unit is extremely bright with bamboo hardwood floors, a large balcony, stainless steel appliances, multiple windows, and a separate bedroom.  This property shows very well and can be seen with 24 hours notice or at the open house this Sunday February 12th from 2:00-4:00.   It is currently the lowest priced property in Playa Vista and it can be yours without any drama.  Above all, you can assure that the transaction will be handled professionally and with care and communication.  Call Reid 310-883-8921 for more details.