All Blog Entries by Dave Fratello

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We recently debuted - and quickly went into escrow on - a 1960s SFR in the Sand Section at 3420 Alma. (Property photos below in this post show the house.)

It was a pretty fast process, just 6 total DOM, which included a few days to sort through multiple offers.

But it was the first offer that was, what's that word? ... WEIRD.

It came in quickly, on Day 2, and super low.

List price: $2.049M.

Offer: $1.700M.

That's a remarkable 17% under asking.

Many reactions to that are possible, but, oddly, here was our reaction: "Wow. We might have a dozen offers!"

Shouldn't we have been hopping mad about the waste of everyone's time?

3420 Alma Avenue Manhattan Beach CAOr should we have taken that offer as a portent of more low offers to come? ("Oops, they called our bluff. We

We continue to see new inventory roll out, even as we get deeper into October.

It's only one data point, but our new listing with Edge last week at 3420 Alma was one of the hot ones, drawing several offers and going into escrow on its 6th DOM. (Asking was $2.049M, but...)

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.

Tree Section

There are two new listings in the Tree Section this week:

559 31st Street Manhattan Beach CA559 31st Street (6bd/8ba, 4942 sqft.) is a newer home that sold brand new in Nov. 2019 for $5.200M.

From the official description:

“Located in the heart of a classic coastal neighborhood...…

Inventory is tiny and very few homes seem to stick around these days, so let's look at sales that are closing first.

124 8th Street Manhattan Beach CAThe seaside charmer we like to think of as the "Weeds" house sold at the start of October for $5.000M.

124 8th (3br/2ba, 1760 sqft.) isn't big, and neither are memories of the TV show that used the beachy cottage as an exterior location. (For more see "The 'Weeds' House is For Sale," June 2021.)

That's a decent price for the downtown-adjacent, 100-block plot with the bonus of a "Martha Stewart" cottage, about $200K under asking.

In the Tree Section, the Martyrs area was hot, with 3 sales:

656 17th Street Manhattan Beach CA656 17th (6br/7ba, 5050 sqft.) at $7.050M, a 2020 build with bold style;

609 15th (5br/4ba, 3200 sqft.), a 50s original mid-block below

Don't look now, it's another busy weekend with new listings to review.

It's especially busy in the Sand Section, where Edge is launching a new listing at 3420 Alma. Pop by for open houses this weekend (Sat/Sun 1-4pm) if you can!

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

3420 Alma Avenue Manhattan Beach CA3420 Alma Avenue (3bd/3ba, 1761 sqft.) is Dave's and Edge's newest listing in the Sand Section.

From our official description:

“Beach classic on an ocean-view corner lot! This clean and refreshed mid-1960s two-story SFR offers endless possibilities."

3420 Alma Avenue Manhattan Beach CA"Nice location amid the Manhattan Beach

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