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 1150 N Rowell Avenue BD/BA 3br/4ba SQFT 1960 sqft LOT 8004 PRICE $1,599,000 $PSF $816 DOM 61 DOM START $ $1,799,000 START 03/21/19
Address 2614 Pacific Avenue BD/BA 4br/4ba SQFT 3000 sqft LOT 4480 PRICE $2,649,000 $PSF $883 DOM 13 DOM START $ $2,649,000 START 05/08/19
Address 614 The Strand BD/BA 4br/3ba SQFT 2128 sqft LOT 3406 PRICE $13,000,000 $PSF $6,109 DOM 76 DOM START $ $13,000,000 START 03/04/19
Address 759 29th Street BD/BA 5br/3ba SQFT 3193 sqft LOT 4193 PRICE $2,699,000 $PSF $845 DOM 15 DOM START $ $2,699,000 START 05/01/19
Address 1030 2nd Street BD/BA 3br/2ba SQFT 1877 sqft LOT 4305 PRICE $1,899,000 $PSF $1,012 DOM 46 DOM START $ $1,999,000 START 03/28/19
Address 1450 5th Street BD/BA 6br/5ba SQFT 4317 sqft LOT 7504 PRICE $3,585,000 $PSF $830 DOM 65 DOM START $ $3,649,000 START 02/14/19
Address 465 36th Place BD/BA 5br/6ba SQFT 4289 sqft LOT 3341 PRICE $3,499,000 $PSF $816 DOM 4 DOM START $ $3,499,000 START 05/02/19
Address 12 Westport BD/BA 4br/3ba SQFT 3339 sqft LOT 6038 PRICE $2,850,000 $PSF $854 DOM 2 DOM START $ $2,850,000 START 05/02/19
Address 409 4th BD/BA 3br/3ba SQFT 3150 sqft LOT 2700 PRICE $3,899,000 $PSF $1,238 DOM 99 DOM START $ $4,299,000 START 01/08/19

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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