20 Hrs
Source:
Los Angeles Times
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L.A.'s historic house remains unsold
The Stahl House, an iconic Midcentury modern home in Los Angeles, has been on the market for nearly a year, with its price reduced from $25 million to $20 million. Despite its architectural significance and fame, the property has not attracted a buyer, highlighting the challenges of valuing and selling historic and well-known homes. Factors such as maintenance costs, reputational impact, and the niche market for architectural icons contribute to the difficulties in closing a deal.
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