Another Glendale Flip Goes Bad
Another Glendale flip goes bad, this one just around the corner in the 1300 block of Irving, in Glendale
MLS Stats:
Sold 12/04 $605,000
2 & 2 1,064 sq ft
Lot Size: 7,850
Sold 7/07 $1,145,000
3 & 4 est. 2,100 sq ft
Now listed in the MLS as subject to lender’s approval of short pay for $680,000
MLS Remarks and I quote (typos and all); “North of Glenoaks, needs some construction job to be done to get the final C/O from the city of Glendale. No utilities available, temporary electric pol on the property.”
I don’t see how when “sold” for the $1,145,000 that there would have been a certificate of occupancy from the city and then in less than a year it vanished. 
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5/14/2008 10:40 AM
Los Angeles Real Estate Blog wrote:
I don't know if you remember my previous post regarding this Glendale Flip going bad. How could this Glendale home sell for $1,145,000 in July of 2007 and in May of 2008, sell for $650,000? Has our real estate market really dropped over 40% in one year? MLS Stats: Sold 12/04 $605,0002 -
5/14/2008 10:31 AM
Los Angeles Real Estate Blog wrote:
I don't know if you remember my previous post regarding this Glendale Flip going bad. How could this Glendale home sell for $1,145,000 in July of 2007 and in May of 2008, sell for $650,000? Has our real estate market really dropped over 40% in one year? MLS Stats: Sold 12/04 $605,0002 -
5/14/2008 10:27 AM
Los Angeles Real Estate Blog wrote:
I don't know if you remember my previous post regarding this Glendale Flip going bad. How could this Glendale home sell for $1,145,000 in July of 2007 and in May of 2008, sell for $650,000? Has our real estate market really dropped over 40% in one year? MLS Stats: Sold 12/04 $605,0002 -
3/31/2008 3:43 PM
Los Angeles Real Estate Blog wrote:
Real Estate Flipping in La Canada Still not sold! Was briefly in escrow, and then reduced $31,000 to $1,549,000 (at least to a “price point”). This is a lovely mid century, redone top to bottom. Present status: “Available” This Glendale foreclosure seemed like a “red hot price” but according to MLS data, took 14 days to get to escrow… maybe the bank was slow… or maybe the listing agent was slow to update the data. Present Status: “In Escrow” Did this La Canada house really drop $200,000 in less than a year? This one continues ... -
3/31/2008 1:36 PM
Los Angeles Real Estate Blog wrote:
Real Estate Flipping in La Canada Still not sold! Was briefly in escrow, and then reduced $31,000 to $1,549,000 (at least to a “price point”). This is a lovely mid century, redone top to bottom. Present status: “Available” This Glendale foreclosure seemed like a “red hot price” but according to MLS data, took 14 days to get to escrow… maybe the bank was slow… or maybe the listing agent was slow to update the data. Present Status: “In Escrow” Did this La Canada house really drop $200,000 in less than a year? This one continues ...
Very Interesting Post! Thank You For Thi Information!
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Very Interesting Blog! Thank You For Thi Post!
Reply to this