Reduced to $499K in WeHo Vicinity

This two-bedroom, 1.75-bath, 1,000-square-foot condo at 1342 N. Sierra Bonita Ave. has been on the market for the better part of a year, but don’t expect it to stay there much longer.  Why?  Because its owner has just reduced it to the magical “under $500K” price of $499,000.

It’s in a nice-looking, 10-unit building:

The seller, who has owned the place in 2001, has replaced the carpet in the bedrooms and added new stainless-steel appliances in the kitchen.

The property’s personable agent, Clinton Wade, said that since Thursday, when the price was reduced to $499,000, activity has been brisk:  About 60 people showed up at Sunday’s open house.

The new price brings it in line with what’s been selling in the neighborhood:

1345 N. Fuller Ave., #303: This 2+2 with 1,174 square feet may have been bank-owned.  It was purchased in January of ’07 for $650,000, then again in May of this year for $459,000 — probably by a lender.  In August, someone paid $425,000.

7320 Hawthorn Ave., #105: Units in this condo-conversion complex have been selling briskly. This 2+2 with 1,070 square feet sold in July for $570,000.