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 3612 Alma Avenue BD/BA 4br/4ba SQFT 2510 sqft LOT 3503 PRICE $2,750,000 $PSF $1,096 DOM 10 DOM START $ $2,750,000 START 07/23/21
Address 1829 Oak Avenue BD/BA 3br/2ba SQFT 1400 sqft LOT 4680 PRICE $2,299,000 $PSF $1,642 DOM 17 DOM START $ $2,299,000 START 07/08/21
Address 1712 N Poinsettia Avenue BD/BA 4br/3ba SQFT 2767 sqft LOT 4467 PRICE $2,850,000 $PSF $1,030 DOM 6 DOM START $ $2,850,000 START 07/16/21
Address 1657 Gates Ave BD/BA 4br/5ba SQFT 4197 sqft LOT 7500 PRICE $3,150,000 $PSF $751 DOM 120 DOM START $ $3,695,000 START 03/23/21
Address 577 36th Street BD/BA 5br/5ba SQFT 4000 sqft LOT 5334 PRICE $4,249,000 $PSF $1,062 DOM 0 DOM START $ $4,249,000 START 11/30/-1
Address 1509 Faymont Avenue BD/BA 3br/1ba SQFT 1091 sqft LOT 5398 PRICE $1,475,000 $PSF $1,352 DOM 0 DOM START $ $1,475,000 START 07/19/21
Address 504 N Poinsettia Avenue BD/BA 5br/5ba SQFT 4596 sqft LOT 6501 PRICE $6,999,000 $PSF $1,523 DOM 1 DOM START $ $6,999,000 START 07/15/21
Address 612 Anderson Street BD/BA 3br/2ba SQFT 1707 sqft LOT 3250 PRICE $2,295,000 $PSF $1,344 DOM 179 DOM START $ $2,349,999 START 01/18/21
Address 746 29th Street BD/BA 4br/2ba SQFT 1259 sqft LOT 4803 PRICE $2,000,000 $PSF $1,589 DOM 12 DOM START $ $2,000,000 START 07/06/21

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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