Spring Rush Starts Out Pricey

Posted by Dave Fratello on Wednesday, February 6th, 2013 at 7:48pm.

The days after the Super Bowl are starting to bring the rush of inventory we hope for as local real estate's Spring season dawns.

But many of the listings are at the higher end – just 4 are under $2M.

Here's a quick look as of Wednesday morning. Please note, we haven't toured most of these properties yet. They're new to the MLS, so, for most, we're just discussing basic specs for now.


Under $1M

There's only one offering now under $1M, 714 Harkness (2br/1ba, 800 sq. ft.), a small cottage on a half lot quite far east.

On the positive side, it's got some updates to bring it up a little from its 1950s vintage. But you may not have much chance to see it – they already accepted one offer, and while that deal also quickly broke, it's a sign that a Manhattan Beach home priced at $775K like this one is more likely than not to change hands swiftly. You'd expect investor interest.


$1M-$2M

Just 3 options under $2M here so far:

1829 Laurel (4br/3ba, 3250 sq. ft.) offers a pretty big corner-lot home in a much-desired part of the Trees near American Martyrs.

While the 1981 build looks nice from the outside and has been partly remodeled, the rather frank listing description adds that it is "aching for a more thorough remodel." Aching. The house is aching. Someone please help.

This one starts close to $2M at $1.970M, and will be shown in very limited windows due to the fact that it is tenant-occupied. Based on location – if nothing else – expect this one to go quickly.

2104 Harkness (4br/3ba, 3200 sq. ft.) is a 1990 original that's been very nicely updated. From the listing description:

This updated, turnkey home boasts high ceilings and a great open floor plan throughout. Gourmet kitchen features top-of-the-line appliances (Sub-Zero, Viking, Fisher & Paykel), walk-in pantry, spacious dining nook and connects to a warm, bright family room... [S]oaring master suite featuring cathedral ceilings, a large balcony/patio and a generously appointed master bath with whirlpool tub, separate shower and walk-in closet... Fun fact: Originally owned by Johnny Buss, one-time head of the LA Sparks and eldest son of Dr. Jerry Buss (owner of the LA Lakers).
This one starts at $1.549M.

Disclosure: Dave is co-listing this property.

416 21st Place (3br/4ba, 1950 sq. ft.) is a rear-unit TH built in the early 90s with some views.

That's one bold kitchen and even bolder custom colors in some rooms. (Lime-green W.C.? Check.)

This TH starts at $1.349M.



$2M+

This is where 5 out of these 9 new listings fit – in the priciest tier.

1765 Voorhees (5br/5ba, 4125 sq. ft.) is a brand-new Cape Cod that sure sparkles in its online photos.

Everyone says they want a house like this. Few say they'd like to live 3 doors off of Aviation.

These things are tradeoffs, friends. Put this new home in a great location, and it gets quickly out of reach for lots of buyers, scratching at $2.3M-$2.4M. (The 6,000 sq. ft. lot limits the value here some.)

Instead, 1765 Voorhees starts at $2.100M.

 
133 17th (4br/3ba, 2925 sq. ft.) gets you right down next to the water on one of the objectively great "teen" streets near downtown.

But it's no maxed-out modern monster house.

This is a 1921 original with updates and a spare rental unit in back. Very much old mixed with new for MB.

What's "now" about it is the start price: $3.950M.

320 32nd (4br/4ba, 4300 sq. ft.) is a newer (2001) build with completely legit, huge ocean views and a familiar layout – 4br together on the midlevel, living spaces up top and an entertaining room downstairs just off the walkstreet.

This one was under-exposed to the market in 2011 and looked positively dowdy inside. It sold then for $2.7M. The current owners have cleaned and freshened the place to maximize its assets.

320 32nd starts now at $3.299M.

420 36th (4br/4ba, 3000 sq. ft.) is a newer ocean-view Tuscan near the northern edge of the plateau. It's oriented wide along 36th on an 1800 sq. ft. corner lot at Vista. (The 60' x 30' lot is an unusual size.)

Big, open spaces upstairs take advantage of the light and views.

The listing promises "leading edge amenities commensurate with an affluent lifestyle," including "a bevy of things to appreciate." A bevy – like "aching," not a word you find often enough in real estate listings.

This home was listed when new in 2009-2010 without selling. It starts now at $2.199M.

NOTE: This listing was put on "hold" in February pending an expected re-introduction in March.

200 S. Dianthus (3br/5ba, 3925 sq. ft.) is a 10-year-old home in the very southernmost part of the Hill Section. It's built with an upside-down layout to maximize views.

This one was offered quietly off-market last year, and now hits the public market at the same price as back then: $3.695M.

You noticed that they list only 3br? That's correct, though there is a fourth room they call a "den" which could be a 4th bedroom in the house, plus a guest suite/office over the garage in back. (Surprisingly, that suite is accessed by an outdoor spiral stairway.)

There's no real yard in back, just a concrete patio, and another half-paved patio off the garage.

Well, that's how the week has begun with the first 9 post-Super Bowl offerings. It should be a busy weekend for all.
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