One of the most curious, difficult, long-term listings in Manhattan Beach has a deal. 3309 Pacific
(4br/5ba, 3500 sq. ft.) has been for sale at one time or another in every year since 2005. (See "Going for 6
Listings at Pacific have been short, they've been long, but here, it ran less than 6 weeks before finding a buyer.
That's not unlike the situation at 234 Larsson
in MBC's most recent post
– hundreds of days on market once upon a time, now finding a deal in a little over a month.
To recount, the first listing at 3309 Pacific began at $1.799m in Summer 2005 near the peak of the local bubble, found a buyer (for a while) in Summer 2006 when priced at $1.599m – the deal failed – and was most recently up at $1.249m
The principal attraction at Pacific is space for the dollar – about $350/PSF
, far below the common $600-$800 range you'll see on other listings and sales. (See the 7/15/10 update's Tree Section solds page here
.) Only big 590 36th
has sold for less than $400/PSF in the Trees this year.
We've called Pacific "a bit off-kilter." The 1950 original was updated in the 70s or 80s and added onto pre-ZORP. There's some decent outdoor space out back, terraced and paved, but space nonetheless. (There's more in MBC's February 2009 review of the home and its for-sale history, "A Long, Strange Listing
While the rest of the marketplace moves slowly, we see 2 less-than-stellar listings moving. Bravo to Pacific. Let's see if they can hold onto this fish this time.