To all those who think LA is insulated from any downturn in housing:

2838 Hermosa Ave Glendale CA 91214
3 beds, 2.0 baths, 1,112 sq ft;

04/04/2007: $626,028
12/05/2003: $420,000
02/23/1995: $185,000

Now offered at $559,900
Courtesy of Wells Fargo Forclosure Listing

11% drop in less than 6 months, and still not selling.