East MB Bucket (1)

By Dave Fratello | June 26th, 2008
Folks, it's time to talk East Manhattan.

As regular readers know, MBC doesn't provide full coverage of the local RE market. We focus our data tracking and stories on SFRs west of Sepulveda. No condos or townhomes, nothing east of Highway 1.

No disrespect intended – your blog author simply doesn't live in EMB and doesn't know the market at all. To give the area the kind of coverage we give to the western parts would make this little project all-consuming, instead of just pretty darn consuming.

So we invite readers to start the discussion of East MB RE news here, and keep it up, too. Agents are invited to post info on listings. Neighbors are invited to wonder aloud about the homes for sale near them. Market watchers are invited to post critiques, updates, price cuts, sales info, etc.

MBC will restart these buckets each Thurs. morning for so long as readers show that they're useful. Hey, readers – now's the time to let your friends know MBC is expanding in this way. (Use the "Email this" link at the end of the story – no spam to either party.)

We will get you started with a few items (as always, click any highlighted address for more pics & details via Redfin):
  • 1514 5th St. (pictured) – New this week, purchased 10/06 for $2.690m, now up at $2.890m. Claims to be on "the MOST DESIRABLE STREET in East Manhattan Beach." So, what's up with the short hold? How's that price? And is 5th really the "most desirable" street?
  • 1712 Curtis is a new listing – or, wait, it's not, is it? Looks like it had MLS #S08026236 for the last 4 months or so, and just re-listed with #S08091777 and a $20k price cut to $2.079m. And it's 2007 construction. Hmmm. How long has it been around? Has anyone ever lived there?
  • The longest-term current listing in EMB is also the priciest – 1201 6th, at $3.6m, and 343 DOM, officially. Looks like a purchase price of $2.3m in June 2002. Great house?

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