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 1756 Gates Avenue BD/BA 5br/5ba SQFT 4342 sqft LOT 7509 PRICE $3,299,000 $PSF $760 DOM 10 DOM START $ $3,299,000 START 05/03/22
Address 2913 N Poinsettia Avenue BD/BA 5br/4ba SQFT 3170 sqft LOT 4645 PRICE $3,750,000 $PSF $1,183 DOM 8 DOM START $ $3,750,000 START 05/04/22
Address 32 Cayman Court BD/BA 3br/3ba SQFT 1876 sqft LOT 2417 PRICE $1,550,000 $PSF $826 DOM 13 DOM START $ $1,550,000 START 04/29/22
Address 469 27th Street BD/BA 3br/4ba SQFT 2450 sqft LOT 1549 PRICE $2,999,999 $PSF $1,224 DOM 5 DOM START $ $2,999,999 START 05/02/22
Address 1901 Lynngrove Drive BD/BA 5br/4ba SQFT 3269 sqft LOT 5768 PRICE $3,599,000 $PSF $1,101 DOM 5 DOM START $ $3,599,000 START 05/05/22
Address 1550 Gates Avenue BD/BA 5br/5ba SQFT 4336 sqft LOT 7499 PRICE $3,450,000 $PSF $796 DOM 8 DOM START $ $3,450,000 START 04/21/22
Address 615 Aviation Way BD/BA 3br/3ba SQFT 1850 sqft LOT 7500 PRICE $1,659,000 $PSF $897 DOM 2 DOM START $ $1,659,000 START 04/24/22
Address 611 Aviation Way BD/BA 3br/3ba SQFT 1850 sqft LOT 7500 PRICE $1,729,000 $PSF $935 DOM 5 DOM START $ $1,729,000 START 04/21/22
Address 615 23rd Street BD/BA 5br/6ba SQFT 4388 sqft LOT 4404 PRICE $5,999,000 $PSF $1,367 DOM 6 DOM START $ $5,999,000 START 04/21/22

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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