Angela Bassett sells in Hancock Park -- at a big discount

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So you tell me the high end of the L.A. market is holding up? It did not hold up well for actress Angela Bassett, who has finally sold her Hancock Park home (pictured) for $3.8 million -- more than $2 million less than she first asked for it.

Bassett first listed the house for just under $6 million last summer, as Ruth Ryon reported for the L.A. Times. That listing expired, the house came back on the market this spring for $4.99 million, the price was then dropped to $3.9 million, and it finally sold for $3.8 million, as Ann Brenoff reports.

Total discount from original asking price, by my math: 36%. That’s real money.

Posted by Peter Viles
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Photo Credit: George W. Carroll