As the Los Angeles real estate market continues to cool in reaction to a spike in interest rates, there are excellent buying opportunities for those who are willing to be patient. Our buyer clients identified this beautiful luxury condominium on Albright Street in the Pacific Palisades and quickly determined it was exactly what they needed. Recently completely renovated and walking distance to Gelson’s, shopping, restaurants, and everything else The Village has to offer, the unit is a perfect combination of luxury and convenience. Originally listed at $1.5 million, we were able to secure a deal well below list price after some negotiation, at $1.45 million. We quickly completed inspections and our due diligence, allowing our clients to close on the purchase in less than two weeks, including negotiation for a credit to offset some closing costs. Our clients can now enjoy this Albright unit knowing that they secured a great deal in a great location, with plenty of room for upside.
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