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 1142 23rd Street BD/BA 3br/2ba SQFT 1290 sqft LOT 6002 PRICE $1,699,000 $PSF $1,317 DOM 47 DOM START $ $1,739,000 START 02/20/21
Address 413 5th Street BD/BA 4br/2ba SQFT 1584 sqft LOT 2703 PRICE $3,399,000 $PSF $2,146 DOM 31 DOM START $ $3,399,000 START 03/17/21
Address 518 24th Street BD/BA 2br/1ba SQFT 982 sqft LOT 2694 PRICE $2,299,000 $PSF $2,341 DOM 34 DOM START $ $2,299,000 START 03/09/21
Address 412 Marine Avenue BD/BA 3br/2ba SQFT 1250 sqft LOT 2706 PRICE $2,650,000 $PSF $2,120 DOM 4 DOM START $ $2,650,000 START 04/06/21
Address 117 17th Street BD/BA 3br/4ba SQFT 3813 sqft LOT 2700 PRICE $8,399,000 $PSF $2,203 DOM 144 DOM START $ $8,399,000 START 11/19/20
Address 17 Malaga Place BD/BA 3br/3ba SQFT 2016 sqft LOT 3044 PRICE $1,545,000 $PSF $766 DOM 38 DOM START $ $1,545,000 START 03/02/21
Address 417 27th Street BD/BA 3br/3ba SQFT 1688 sqft LOT 1691 PRICE $2,679,000 $PSF $1,587 DOM 55 DOM START $ $2,679,000 START 02/10/21
Address 1148 N Poinsettia Avenue BD/BA 3br/3ba SQFT 1977 sqft LOT 4470 PRICE $1,996,000 $PSF $1,010 DOM 40 DOM START $ $1,990,000 START 02/17/21
Address 417 20th Place BD/BA 3br/4ba SQFT 2155 sqft LOT 2699 PRICE $2,379,000 $PSF $1,104 DOM 2 DOM START $ $2,379,000 START 04/03/21

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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