There are currently 20 blog entries related to this category.
Monday, August 26th, 2013 at 2:25pm. 876 Views, 0 Comments.
A couple of recent deals show how quickly the Manhattan Beach real estate market has shifted to one favorable for flippers.
You would not have seen a little cottage like 1509 Magnolia (3br/2ba, 1350 sq. ft.) fetch more than $1.3M last year, or in any recent year prior.
But now, sure.
This little cottage was a wreck when it sold for $980K a few months back. After a major re-do, with the so-very-now "plantation" style palette applied, it was listed for $1.349M. (For our brief video tour, click here.)
Now it's got a deal.
That home's very straightforward compared to 3212 Palm (4br/3ba, 2300 sq. ft.), another successful flip.
We know this house from years past, and the unusual layout always gives one pause. It's essentially a tri-level home, with 2br…
Tuesday, February 26th, 2013 at 7:10am. 974 Views, 0 Comments.
Hey, look. We’ve built something new!
And the change is good, with the new look, feel and function here at MB Confidential.
Building on our tradition of regularly producing insightful analysis of local real estate, we’ve now added the best hyper-local search and data you can find.
You can now search quickly, with one click, by region or subsection of Manhattan Beach.
Say you’re only looking in the Sand Section...
One click on our Sand Section search gives you the active listings in that area only. (Use the "MB Search" dropdown menu.)
You’re wondering how much Tree Section homes have been selling for recently?
One click delivers the past 6 months’ worth of sales in the Trees, listing the newest first. (Use the "MB Sales Data" dropdown menu.)
Thursday, December 6th, 2012 at 3:03pm. 548 Views, 0 Comments.
Alas, it may take a few cycles of development to get all the houses right.
|704 Pacific: Then|
There was nothing awful about the condition of the house. It's big (5br/7ba, 4975 sq. ft.), and the layout – on the lot – of the buildings took good advantage of the large, upsloping 8960 sq. ft. lot. It's got a nice, quiet, sunny backyard.
The home did have a design problem, though, which caused it to stagnate on the market and…
Friday, November 23rd, 2012 at 11:29pm. 585 Views, 0 Comments.
We had one of those down markets here from roughly 2008-2010.
Spec builders re-entered the Manhattan Beach market as of early 2011 with the "Speedy Speckies" (see "Speedy Speckies Sprout," April 2011). High-quality spec projects have begun in earnest over the past year-plus, and some have sold.
|The O.G. Flipper|
Friday's LA Times piece on multi-million-dollar flips got us asking that.
To define the term "flippers" here, we're talking about folks who buy a place in dated, imperfect condition and bring it up more toward modern tastes, then quickly resell it.
In most any stable market, you should be able to make some money if you buy low…
Tuesday, October 30th, 2012 at 3:20am. 511 Views, 0 Comments.
This Liberty Village cottage was in original – and degraded – condition when it hit the market in February. (See our review from then.)
But boy, oh, boy, did they rework it over the ensuing 6 months or so.
This 60-year-old scraper was given the treatment by some inspired pro remodelers. They added square footage.
It was: 3br/1ba, 1075 sq. ft.
It is now: 3br/2ba, 1500 sq. ft.
|Added-on Family Room at 1605 Harkness|
Friday, October 19th, 2012 at 6:18pm. 474 Views, 0 Comments.
|Holy tilted house, Batman!|
It was a visual cue that something was awry with this mid-90s built contemporary.
That cue proved correct.
There was the very curious layout – 3br downstairs, the master on the third floor, living spaces sandwiched in between.
There was the odd use of the lot – a separate garage building up front on 1st St. with a guest unit/bonus room on top. A "yard" in between, but not on the sunny southern side of the lot.
And within the brazenly different building, there were quirks. One observer wrote: "[I]t does have a number of rooms with curved walls, which leave unusable corner spaces."
MBC said, "512 1st does…
Tuesday, August 28th, 2012 at 4:21pm. 422 Views, 0 Comments.
That's the sense you get from 2 new listings down in the South End, one each on either side of $6m:
|224 6th (rendering)|
They're running with the "plantation" style that's been sweeping town since someone used 3 lots on The Strand to show off the style in maximal fashion. (That's 212 The Strand; see "Big, Beautiful, Too Much?")
Asking price for this new one: $5.5m.
That would put 224 6th on a par with the biggest spec construction sale of the year, at 128 18th (5br/5ba, 4000 sq. ft.) a "tropical contemporary" that began…
Thursday, July 19th, 2012 at 4:56am. 408 Views, 0 Comments.
The sellers were starting, most likely, "above market price" at $2.149m, for a 2450 sq. ft. remodel. They were hoping that the super location and very nice Spanish/modern styling would propel them to surprising heights.
We called the home "undeniably sharp and attractive," but wondered if the 70s original could really command anything like that kind of money. Especially with a patio rather than a yard.
Then the sellers corrected to $1.999m a month ago, and we were unsurprised at the 7% cut.
But still... $2m for 2400-odd sq. ft.?
It's just a month after that cut, and now they've posted that they've got a deal at 1820 Palm.
5 bedrooms, great block, style... no work to do. Can you almost see it? How do they wind up?
Tuesday, June 5th, 2012 at 4:56am. 499 Views, 0 Comments.
|2516 Palm when on market|
The backstory was that an old 2br house had been picked up and moved from Beverly Hills to the site years ago, then several local additions were made. This contributed to the surprising layout: 2br in back off the dining room on the first floor, then the master suite up front, through 2 living rooms and upstairs over the garage.
In our review of the home, we called it "a mixed-up curiosity of a house," with…
Friday, January 20th, 2012 at 6:56pm. 418 Views, 0 Comments.
Here are a few recent examples – including at least one big eye-opener.
3100 Laurel (4br/3ba, 2100 sq. ft.) is our first case. Our before-and-after photos here show the evolution.
This is a home on a corner lot at 31st St. that MBC said had "almost too many flaws to count" with a layout we said was "shockingly awkward," partly due to the mid-level garage. (The listing called it a "great layout," so you can see there is room for different opinions. Har.) That mid-level garage is almost necessitated by the odd upslope of the lot toward Laurel – unless you scrape the house.
The ivy-covered 60s original with a pool in back was going…