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 1300 18th Street BD/BA 2br/1ba SQFT 1350 sqft LOT 5476 PRICE $1,250,000 $PSF $926 DOM 5 DOM START $ $1,250,000 START 01/10/19
Address 2109 N Meadows Avenue BD/BA 5br/5ba SQFT 3448 sqft LOT 5003 PRICE $2,995,000 $PSF $869 DOM 25 DOM START $ $2,995,000 START 12/18/18
Address 1551 Artesia Boulevard 2 BD/BA 3br/3ba SQFT 1800 sqft LOT 6730 PRICE $949,990 $PSF $528 DOM 159 DOM START $ $1,099,990 START 07/25/18
Address 1208 Tennyson Street 1 BD/BA 3br/3ba SQFT 1755 sqft LOT 12917 PRICE $1,100,000 $PSF $627 DOM 76 DOM START $ $1,100,000 START 10/05/18
Address 1351 Curtis Avenue BD/BA 3br/2ba SQFT 1125 sqft LOT 5152 PRICE $1,399,000 $PSF $1,244 DOM 55 DOM START $ $1,499,000 START 10/20/18
Address 2013 Magnolia Avenue BD/BA 4br/4ba SQFT 3572 sqft LOT 5676 PRICE $2,399,000 $PSF $672 DOM 77 DOM START $ $2,550,000 START 09/11/18
Address 217 9th Street BD/BA 3br/4ba SQFT 1734 sqft LOT 1347 PRICE $3,275,000 $PSF $1,889 DOM 70 DOM START $ $3,475,000 START 10/02/18
Address 417 21st Street BD/BA 3br/4ba SQFT 2085 sqft LOT 2697 PRICE $2,250,000 $PSF $1,079 DOM 148 DOM START $ $2,450,000 START 07/13/18
Address 2105 Agnes Road BD/BA 5br/6ba SQFT 4600 sqft LOT 4987 PRICE $5,450,000 $PSF $1,185 DOM 39 DOM START $ $5,450,000 START 10/16/18

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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