Online Auction Grabs Hollywood Spotlight

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Brand new townhomes bring buyers the bargain they have been waiting for.

I can't believe how beautiful these townhomes are considering they are starting at $399,000!

The brand new 2020 Holly Drive townhomes have taken center stage in the Hollywood real estate market as buyers hurry to the LFC Group of Companies' online auction website, Freedom Realty Exchange® (FRE.com), for the opportunity to purchase a new home at a price they determine.

"I can't believe how beautiful these townhomes are considering they are starting at $399,000!" exclaimed a recent visitor to one of the 15 townhomes in Hollywood.

The online auction of townhomes once priced in the upper $800,000-$900,000 range, now features prices reduced by 54-60% with starting bids at $399,000. In addition to their attractively low starting prices, these townhomes also find favor with buyers through the convenient "eBay-like" online bidding process.

Award-winning colorist, Miriam Tate, combined multi-hued pastels with vibrant accents to create a unique architectural design for this gated community of Craftsman-style townhomes. The cozy yet open living space features travertine flooring, stainless steel appliances, granite countertops, and custom Italian shaker-style cabinets.

Each home's rich hardwood staircase, complete with wrought iron railing, leads upstairs to the two bedrooms, both with plenty of closet space, vaulted ceilings, a private bathroom, and an abundance of light from the dual-pane low energy windows.

Varying floor plans offer 2 bedrooms plus den or 3 bedrooms, 3 bathrooms and +/-1,568-1,812 square feet of living space. All residents can enjoy the solitude of a private patio or yard, peace of mind with in-home security system, and the convenience of subterranean parking with elevator access and underground storage units.

Although, Los Angeles Magazine voted Hollywood Dell one of the "10 Best Neighborhoods You Have Never Heard Of," in 2004, the appeal of this neighborhood has remained a secret to its many celebrity residents. The Hollywood Dell community offers members a close-knit living experience just blocks away from some of Los Angeles' most well-known centers of entertainment: the Hollywood Bowl, Ford Amphitheatre, Sunset Boulevard, and the Kodak Theatre.

The curtain will soon fall on this star of a deal, as the August 6th deadline quickly approaches. Prospective buyers can view the properties located at 2020 Holly Drive, Los Angeles, Wednesday-Friday 2:00pm-7:00pm & Saturday-Sunday 10:00am-6:00pm. Register on http://www.FRE.com/336R5 for specific property information and auction details.

LFC Group of Companies For more than 30 years, the LFC Group of Companies have served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. http://www.LFC.com (Commercial) http://www.FRE.com (Residential). The company's latest venture is BigBidder.com®, the online auction marketplace for individual and pools of mortgage notes.

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Kelly Lovegrove

Casey Flynn
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