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East MB Bucket (6)
Tuesday, December 2, 2008
It has been too long since our last East MB Bucket. (See "East MB Bucket (5)" from October.)
Lots has happened back east since then, of course.
We note that the home at Marine/Aviation that we featured back then, 1856 Marine, has now dropped to $549k.
Say what you will, seeing any SFR in MB in the 500s is just a shocker.
Two of the failed auction homes were in EMB: 1211 11th is back at $1.799m (auction start: $1.450m) and 1405 Faymont (not currently active; was $1.399m at auction).
And then there's 1751 Nelson, a new home offered up this week at $2.199m (click address for more pics & details via Redfin).
Marketing materials might ask: Got columns?
This home has got a lot of them. Inside, outside. Tall, small. Even in the master bath.
Columns, columns, columns.
We'll go out on a limb here and say it seems that columns are largely an east/west phenomenon in MB. You see them east of Hwy. 1, and not so much to the west. Why is that?
We've got plenty of stapled-on stone, Mediter-Caliter-Tuscan-raneans west of Sepulveda, and plenty of Cape Cods, and all kinds of architectural clichés like that, but columns just haven't caught on. And for that, we're thankful.
But some people clearly love their columns. Builders build them, and they rake. Or, at least, they have raked.
As before, please use this "East MB Bucket" thread to post information about all listings and goings-on east of Sepulveda, data, critiques, news, etc., and, perhaps, columns.
42 comments:
It's a Persian thing. Beverly Hills thought about stopping them a couple of years ago.
Read the listing??? English??? Likely ESL??? How do you say funny in Farsi??? Hah!!!
$2+ million in East Manhattan? Maybe this home on a normal-sized lot in the Trees, but definitely not reasonable on the East side.
Does anyone really care about East Manhattan? Isn't that widely known as "North Redondo Adjacent?"
What's up with all the question marks in the listing???
The columns are in keeping with the Mediterranean theme. Remember studying Greek architecture in high school? You could tell the period of a building by the columns (Doric, Ionic, Corinthian).
Regarding the question marks, I'm pretty sure it's a formatting snafu.
Going back to that house on Marine/Aviation. Can you believe that someone paid $900K for that? Gives you an idea of how out of whack the market was here in the past few years.
There are plenty of columns in that house which serve no practical purpose other than to add to the total quantity of columns. I think columns are OK if they are "functional", ie, they are load-bearing. Lots of columns in this house are butted against walls. That looks stupid.
Hey Bro,
I'll throw in a cell phone and a gold chain when we close.
there appear to be a couple of foreclosures in west Manhattan beach!
9:29 a.m. wins best comment ever
Does anyone really care about East Manhattan? Isn't that widely known as "North Redondo Adjacent?"
My nncle lives on a walkstreet, which is the best MB has to offer IMHO. However, I think most streets in EMB are preferable to the way overcrowded Tree Section. The lots are simply too small.
Meant to say "uncle," sorry.
What I like most about East Manhattan Beach is its close proximity to the "99 Cents Store" at the corner of MBB @ Inglewood Ave.
The ubiquitous day workers that gather there are also a nice touch.
1:51 - you probably don't even realize the error in your use of "close proximity".
Maybe one of those day laborers can give you an English lesson.
1:56 - They can bill EMB houses as "Close in proximity to schools, shopping, and cheap labor."
That being stated, I see nothing wrong with living there. It still beats Santa Monica.
Hopefully I don't start a war with that previous statement, to each his/her own.
Looks like "G" and 1:51 could use a lesson in redundancy.
1:56,
I doubt the idea of a tautology makes much sense to the COTC. How else would one explain the mindless repetition of cut and paste articles?
If EMB is good enough for Ed K, it's good enough for me. How you like me now, Homey? Yo, yo, yo.
2:14 - "Close in proximity" is correct, it qualifies that objects are close spatially. "Close proximity" has been abused so much now that it is considered acceptable; similar to "free gift". Are you really so bored that you troll message boards correcting redundant grammar? Yikes.
G- you have found the COTC's mantra. They truly have no life or ambition other than a hope for a 50% crash in real estate prices. It's rather funny and pathetic
3.38 I'm not the person that corrected you earlier, but you are still incorrect. What a moron you are.
Went through the new KJ on 8th and
Meadows. Very nice quality work.
I just wish I could afford his price.
This guy seems to be the only quality
builder left standing in MB.
Cheers,
4:02 - Lol. Calling people names over the internet. Oh no, some retard says I'm a moron. You showed me.
/wrists
Thank god the people on this board aren't indicative of the people who live in MB.
Anyone building any unique new homes in MB anymore? Every one I see that's less than 4000 sqft has a tract-home-ish feel to it. I wouldn't kick one out of bed, but for $2mil I expect more.
And if prices fell 50% I'd be fine with it ;)
If Idiots grew on trees, this board would be an orchard.
Heard KJ homes have the helping touch of Luann Fabian for many years now, she has been his super for quite a while and now on her own I think. Been seeing her signs around town quite a bit. Maybe another Kim Komick?
Just go on the second floor of a KJ
home. You can jump up and down and
there is no noise on impact either
on the first floor or the second.
He must double up on sub flooring
or double up on floor joists or
pack in insulation. It's great!
Go in most of the other homes sold
here and you will hear ever step.
I heard that the private end of 5th street has been renamed Infidelity Avenue or Love Child Lane. Can anyone confirm?
Anyone know what happened to the estate home in Manhattan Village (last listed at 1,799,000)? It does not appear to be an active listing anymore.
Yes, those Ken Johnson homes are truly solid. Great craftsmanship and built to last.
@ 9.29
Brow Down,
I loved the home on 8th and Meadows. The location on busy Meadows could be problematic. But I thought it was beautiful and quality construction.
I know LuAnn and this is definitely her work under the KJ label. She is going to do great on her own.
9:16 p.m. 12/3
I drove by it yesterday and I'm happy to say it's still there.
what happened to the failed auction at 1405 Faymont Ave? It's not listed any more. Can anyone confirmed that one is sold?
That little section of 2nd street near PCH had another price reduction this weekend. Last week was Rich VR. This weekend is the new house across the street.
Those two brand new houses are now cheaper than the ~2005 house next door also for sale.
Maybe another year or two and Rich VR will sell?
I hope someone out there can help.
I had a client ask about the new
contemporary listing on 1509 Lynngrove that's billed as being very "GREEN" with lots of green features.
I suppose the "green-ness" factor is why they are pricing the property, that backs onto Redondo across from the Middle School, so high--especially given its relatively small size (2400') and smallish lot (5400').
My client wanted to know whether all the "Green" stuff was going to save her money in operating costs (lower energy bills?) or cost her additional money (high repair costs/upkeep) when compared to traditional homes.
I, frankly, don't know the answer.
Does anyone out there have any idea? Huggy?
I wonder what the "athlete" affect has on EMB. You get a lot of mid-level guys living in EMB. They buy at or above list when they have to buy. Now when they have to sell they will sell at any price. A good example is:
1619 3rd
Why is 1619 3rd a good example of someone who will sell at whatever price they need to to get out?
They've been on the market since August and haven't lowered their price a penny! Yes, it's a lovely home and yes, it's asking below what they paid for it, but if it was worth $2.49 now, it would have sold already. After the September finanical disaster became clear, you'd think maybe they would have gotten a clue.
But perhaps they Heloc's it and can't sell it any lower--then it might have to go to foreclosure before it gets a a real "market" price.
Don't ahtletes get home relo protection from their teams? Maybe that's another explanation for what's happening here: the homeowners have to try to sell it for XX amount of time until the relo compnay buys them out. Then the relo company has to take the hit.
Time will tell.
EMB Realtor,
Shouldn't the listing agent be able answer the rationale of the very high "green" price?
Isn't that part of what they are paid those big commissions for?
After winning the Stanley Cup and getting a fat 3-year deal, I am sure he will fire sale it soon....and take the rest of EMB with it...
MBW: Any idea how this auction went today?
#21145749 - $857,000 - 5 Bed, 3 Bath, 2150 sq ft, Built 1950
Manzanita Ln St. Manhattan Beach Foreclosure Listed Aug 28, 2008, Auction: Dec 11, 2008
Check out this price cut. This is a brand new detached townhouse RIGHT next to the Quickie Lube on 2nd. Miserable locations. But they just hacked 300-K off of it.
http://www.redfin.com/CA/Manhattan-Beach/1116-2nd-St-90266/home/17457441
Went from 1.4 to 1.1-M.
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