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 3309 Vista Drive BD/BA 3br/2ba SQFT 1686 sqft LOT 1769 PRICE $1,899,000 $PSF $1,126 DOM 8 DOM START $ $1,899,000 START 10/15/20
Address 412 8th Street BD/BA 5br/6ba SQFT 4424 sqft LOT 2707 PRICE $6,349,000 $PSF $1,435 DOM 92 DOM START $ $6,349,000 START 07/23/20
Address 2113 Chestnut Avenue BD/BA 5br/6ba SQFT 3564 sqft LOT 5003 PRICE $3,000,000 $PSF $842 DOM 13 DOM START $ $3,000,000 START 09/21/20
Address 229 8th Street BD/BA 5br/6ba SQFT 4145 sqft LOT 2703 PRICE $8,495,000 $PSF $2,049 DOM 116 DOM START $ $8,799,000 START 06/18/20
Address 216 44th Street BD/BA 2br/3ba SQFT 1560 sqft LOT 1352 PRICE $1,800,000 $PSF $1,154 DOM 36 DOM START $ $1,800,000 START 02/21/20
Address 1641 18th Street BD/BA 5br/4ba SQFT 3496 sqft LOT 4983 PRICE $2,850,000 $PSF $815 DOM 40 DOM START $ $2,999,000 START 08/28/20
Address 1208 N Ardmore Avenue BD/BA 2br/1ba SQFT 862 sqft LOT 3198 PRICE $1,725,000 $PSF $2,001 DOM 1 DOM START $ $1,725,000 START 10/01/20
Address 1551 5th Street BD/BA 3br/2ba SQFT 1350 sqft LOT 7504 PRICE $1,880,000 $PSF $1,393 DOM 2 DOM START $ $1,880,000 START 10/04/20
Address 1421 12th Street 2 BD/BA 2br/3ba SQFT 1337 sqft LOT 7497 PRICE $1,049,000 $PSF $785 DOM 53 DOM START $ $1,049,000 START 08/13/20

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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