Selling Success: Case Study #6 McBroom

10319 McBroom St, Shadow Hills, CA 91040

Sales Price: $1,199,000

Background:
I secured this property off-market for my client, the buyer, for $1,030,000 just two months ago. Confident in the deal, the buyer asked for my opinion on its potential market value with professional marketing and open houses, in the same condition as when he purchased it. I estimated that, as-is, it could sell for around $1,200,000, and with some quality renovations, it might reach up to $1,500,000. We listed it at $1,199,000, but the owner was firm on not accepting a penny less. If any lower offers came in, he would prefer to renovate and aim for a higher sale price.
 
Result:
Within days of listing the property, we received multiple offers well over $1,030,000, with a few even reaching the $1,199,000 asking price. We made it clear to buyers and their agents that the home needed a full renovation. While inspections were welcome, we emphasized that the seller and I assumed everything required updating, so no price reductions or credits would be offered.
 
After setting these expectations, we successfully closed at $1,199,000.
 
However, the path to closing wasn't entirely smooth. During escrow, significant issues were discovered with the roof, septic tank, and foundation. Despite this, through skilled negotiation, we closed escrow at the full price of $1,199,000.
 
Property Spotlight:
Nestled in the serene Shadow Hills neighborhood, this single-story home features 3 bedrooms and 1 bathroom, sits on a generous lot of approximately 30,842 square feet, and is zoned RA-1-K (Horse Property). The main house spans approximately 1,688 square feet and boasts a well-designed floor plan. The kitchen, living room, dining room, and den/office provide a comfortable living area, while a hallway leads to three modestly sized bedrooms and a large bathroom.

There is a basement with a finished room and bathroom (buyer to verify whether these are permitted). Adjacent to the main house, a structure of approximately +/- 300 square feet offers potential for conversion into a Junior ADU (Accessory Dwelling Unit). Additionally, the expansive lot allows for the possibility of adding a fully detached ADU (buyer to verify), still leaving plenty of yard space along with the existing large swimming pool. The generous lot size and versatile layout make this property perfect for multi-generational living, rental income generation, or your private oasis.

Shadow Hills, nestled near the picturesque Foothills, offers convenient access to the 210, 5 and 118 Freeways. The area is rich with amenities, including equestrian trails, Hansen Dam, Angeles National Golf Course, and numerous hiking trails. The property also provides easy freeway access to Burbank, Glendale, La Canada, and Pasadena and more. Don't miss the chance to own this exceptional property.

Thinking of Selling Your Home?

Contact Archie Robb and The Robb Group with any questions.