East MB Got Hot Quick

By Dave Fratello | February 2nd, 2015

At this rate, the average DOM for East MB listings is going to be tiny here in 2015.

Two of this weekend's open houses were sold (in escrow) by the kickoff of the Super Bowl. Already, 3 listings from the prior week had made deals.

Indeed, as of early Monday morning, all 7 of the most recent Manhattan Beach real estate listings to go into escrow were east of Sepulveda.

Here are the most recent 9 listings in East MB to go into escrow. (Email subscribers will have to click here or "View this email in your browser" to see all of the listings in a grid.)

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 312 Manhattan Avenue BD/BA 2br/2ba SQFT 972 sqft LOT 1669 PRICE $2,999,999 $PSF $3,086 DOM 8 DOM START $ $2,999,999 START 11/11/21
Address 1601 18th Street BD/BA 3br/2ba SQFT 1310 sqft LOT 5007 PRICE $1,575,000 $PSF $1,202 DOM 12 DOM START $ $1,575,000 START 11/05/21
Address 464 36th Street BD/BA 3br/4ba SQFT 2142 sqft LOT 2700 PRICE $2,549,000 $PSF $1,190 DOM 9 DOM START $ $2,549,000 START 11/05/21
Address 1406 21st Street BD/BA 3br/2ba SQFT 1600 sqft LOT 7492 PRICE $2,000,000 $PSF $1,250 DOM 11 DOM START $ $2,000,000 START 11/01/21
Address 1843 5th Street BD/BA 4br/3ba SQFT 2724 sqft LOT 7379 PRICE $2,799,000 $PSF $1,028 DOM 8 DOM START $ $2,699,000 START 11/04/21
Address 1301 11th Street BD/BA 3br/1ba SQFT 1015 sqft LOT 5283 PRICE $1,699,000 $PSF $1,674 DOM 6 DOM START $ $1,699,000 START 11/05/21
Address 937 Highview Avenue BD/BA 3br/2ba SQFT 1783 sqft LOT 2495 PRICE $2,500,000 $PSF $1,402 DOM 22 DOM START $ $2,500,000 START 10/14/21
Address 2615 Palm Avenue BD/BA 4br/4ba SQFT 3188 sqft LOT 4643 PRICE $3,695,000 $PSF $1,159 DOM 40 DOM START $ $3,995,000 START 09/23/21
Address 1900 Walnut Avenue BD/BA 5br/4ba SQFT 3150 sqft LOT 4474 PRICE $3,300,000 $PSF $1,048 DOM 6 DOM START $ $3,300,000 START 10/29/21

Among those, we'd call out a few:

1901 Lynngrove Drive Manhattan Beach CA1901 Lynngrove (3br/1ba, 1100 sq. ft.) is a corner-lot Liberty Village cottage that's a bit updated but still has the original 1 bath limitation. For some extra square footage (not seen in the tax records) there is a separate bonus/family room structure in the backyard. As we noted in our weekend post, the backyard backs up to busy Redondo Ave.

There were immediate offers despite the rather full list price of $1.149M. It's going up from there.

1721 Gates Avenue Manhattan Beach CA1721 Gates (2bd/1ba, 1,100 sq. ft) has to be seen as a lot sale, with a start at $1.400M.

It's a full, flat 7500 sq. ft. lot, so that's a plus. It's a little bit far east.

We thought maybe $1.4M for the plot was a stretch, but they made a quick deal, so watch land values climb more in East MB.

1137 9th Street Manhattan Beach CA1137 9th (4br/4ba, 2,700 sq. ft.) is a recent down-to-the-studs remodel that came out last weekend. They had their deal posted by mid-week.

List was $2.099M. Over/under?

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