All Blog Entries by Dave Fratello

We've got a dozen more new listings to show you this week.

Among Sunday's opens is our new Edge listing at 425 23rd Place, open Sun. 2-4pm. Come on by and say hi!

Below, click any address link to view all photos and property details. Listings appearing here come from the whole MB market and may or may not be represented by MB Confidential author Dave Fratello and Edge.

Sand Section

420 5th Street  (5bd/7ba, 4282 sqft.)

From the official description:

“A 2021 New Construction Coastal Plantation SFR with its light and bright open floor plan designed to take advantage of the indoor/outdoor beach lifestyle. Ocean and beautiful sweeping neighborhood hillside views. The coveted south sand section walk-street allows for a quick stroll to the…

After a few years of back-and-forth in Sacramento, California lawmakers and the governor really did what they've been talking about doing. They've ended single-family zoning statewide.

Cities now must allow multiple units to be built, even where current zoning states that only single-family residences are permitted.

However, nothing changes overnight, and no one is forced to build or demolish anything.

There's more to it all, lots of details to discern, several relevant limitations and great uncertainty about the impact.

But one thing is certain: It's the law.

Here's a first dive into the issues, with a swipe at the question of "what does this mean for Manhattan Beach real estate?"

Background

The state can't house everyone who lives…

It is rare indeed to see a real estate listing in Manhattan Beach hang around so long that it reaches 400 Days on Market.

After all, the median DOM for homes that sell in MB is a ridiculously low 9 DOM right now. (As of Aug. 31, 6-mo. median.)

And among the (whopping) 57 active listings today, the average DOM is 68 and average CDOM is 79, well below 100, let alone 400. (CDOM combines DOM from consecutive listings, even if a property was pulled down and re-listed.)

Somehow, 5 properties on the market exceeded 400 DOM this year.

Now, 3 of those 5 current listings, all SFRs, have made deals:

429 31st (4br/5ba, 4250 sqft.) was the first to pop, finding a buyer in late July.

This is a 2002 Cape Cod up on the plateau that is very much of the…

With nearly a dozen new listings this week, it's a great time to strap on those walking shoes and get out to see the current inventory.

That includes our new Edge listing at 425 23rd Place, open both days this weekend (Sat. 2-4pm, Sun. 1-4pm). Come on by and say hi!

Below, click any address link to view all photos and property details. Listings appearing here come from the whole MB market and may or may not be represented by MB Confidential author Dave Fratello and Edge.

East MB

1540 1st Street  (5bd/6ba, 4525 sqft.) 

From the official description:

“Built in 2019, this +/- 4,525 SF Modern Farmhouse with impeccably high end designed space, has 5 bedrooms, all with en-suite bathrooms (four upstairs | one downstairs) plus an office/bonus…