Weekend Opens (8/2-8/3)

Posted by Dave Fratello on Saturday, August 2nd, 2008 at 2:59am.

Oh, we know locals are busy this weekend.

You're either wearing a costume, watching costumes or hoping for a timely wardrobe malfunction.

Actually, these aren't mutually exclusive.

There will be people all over town trying to sell you stuff. And that includes some folks who'd like you, or some of our visitors this weekend, to please drop about $2m and stay.

Click here for the complete list of opens published in the Beach Reporter, or at any time use the link in the right-hand column under "Prop. Search Tools."

As always, click any highlighted address below for more pics & details via Redfin.


Hill Section

The busiest street in the Hills is even busier now – there are several listings on 2nd St., including 3 next-door neighbors. These are open Sunday:

1042 2nd (pictured) is a large, newer (2003) home with views of the city, not the ocean, owing to its location very near a commercial building and Sepulveda. The location means a discount – and the owners got one, paying $1.460m in March 2004 – nice for 5br/4ba and 4400+ sq. ft. A few years later, they're asking almost a million more: $2.395m to start. Open Sun. 1-4pm.

914 2nd was Mrs. MBC's pick a couple of weeks ago. It's a spacious home (4br/4ba, 4300 sq. ft.), recently built (2000), that is high enough up the hill to garner those prized ocean views. Décor is a big plus in parts. Still at $3.250m. Open Sun. 1-4pm.

815 2nd is new construction lower on the Hill, about the same size as the two listings mentioned above (5br/6ba, 4550 sq. ft.). As it lingers and options proliferate, $4.275m is looking more and more out of line. Open Sun. 2-4pm.


Sand Section


3316 Crest (pictured) is uptown contemporary beach living – comfy, 4br/4ba, 2100 sq. ft. on a half lot. Decent ocean views, and a nice execution of the modern wood/steel/glass look. Starts at $1.995m. Open Sun. 1-4pm.

409 21st Pl. is a sweet remodel of a 60s beach box, but it's squeezed onto less than a half lot (1170 sq. ft.) and situated on an alley. In March 2005, it was worth $935k – what the current owners paid. It now starts at $1.389m (+$454k/+49%). Open Sun. 1-4pm.

1807 Highland is kindly described as "vintage" in the listing language. It offers 3br/2ba on 2 levels, in a dated (1930s-era) building. It calls to mind 2 other similarly sized homes on Highland that were in better condition and which both sold for a bit more (117 Highland: $1.275m, 232 30th Pl.: $1.271m). This one starts at $1.149m. Open Sat. & Sun., 1-4pm.


Tree Section

How do you feel about a do-it-yourselfer? There's a FSBO at 768 26th open all weekend. It's a 3br/2ba, 1450 sq. ft. cottage just off of Valley and Laurel. The fizzber hasn't uploaded a photo yet, so we've got nothin' to show you, but we do know they've priced it at $1.474m. Our guess is that they'll need some help generating traffic. Why not drop by and tell 'em MBC sent ya? Open Sat. & Sun., 1-4pm.

621 Marine
(pictured) is one of those signposts that tells us today's market isn't like last year's. Specifically, the owners paid $2.436m last March, got a job transfer, and have now cut below last year's price to $2.299m (-$137k/-6%). It's a delightful home, but here's the problem: $2.3m is the new cluster point around which many newer Tree Section homes are listed, and none have the location problem of Marine. Open Sun. 1-4pm.

2611 Palm is another signpost; in this case, one that illustrates how the bottom is dropping out from under cookie-cutter new construction in the Trees. It's the longest-running new-construction listing west of Sepulveda (550+ DOM) and it's down almost $500k from its start price, now at $1.999m. It's also in default, facing the possibility of foreclosure. Bargain-hunters, rejoice. Tip: You must see the bathrooms. Open Sun. 2-4pm.
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