We've been so unfair to our east-of-Hwy. 1 brethren.
It has been literally months since we last opened up an East MB Bucket for discussion of the goings-on so near, yet so far away.
Since that last one, the home we led off with (1407 12th) has actually sold – for $560k.
Not too bad for a well-worn 1950s cottage…
We've been so unfair to our east-of-Hwy. 1 brethren.
It has been literally months since we last opened up an East MB Bucket for discussion of the goings-on so near, yet so far away.
Since
that last one, the home we led off with (
1407 12th) has actually sold – for
$560k.
Not too bad for a well-worn 1950s cottage (3br/1ba, 1300 sq. ft.) that had begun as a FSBO at
$1m.
But that seems much more than was paid earlier this year for a transcendentally marginal East MB offering that was featured
in a different bucket last October.
1856 Marine, at the corner with Aviation, fetched
$480k in February. That's
$200k less than when we discussed it last Fall. Also, curiously,
$420k less than a June 2007 sale that, frankly, looks wrong.
Of course East MB is not just about these small, cheap homes.
There's
1501 9th, a very big (6br/10ba, 8550 sq. ft.) new home on a rare double corner lot, featured in
our late-March bucket. It started at
$6.5m, and this week took a nudge down to $5.995m.
A newer listing at
1416 9th is also newly down $500k, but that's a bigger proportion of the asking price.
This 6br/5ba, 4275 sq. ft. home is clear evidence that you get more for less in the East, offered at
$444/PSF, though
$1.899m still won't strike anyone as cheap, per se.
Those are some opening observations. Please share yours here as well – make the bucket work for you.
Final open questions, prompted by the destruction of the old Alberton's this week:
- Do we really need a big new drugstore?
- Hey, why no drugstores west of Sepulveda?
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lease use this "East MB Bucket" thread to post information about all listings and goings-on east of Sepulveda, data, critiques, news, etc.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 12:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.