East MB

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We got a kick out of seeing this line in a recent Manhattan Beach listing: "DON'T LET THE PHOTOS FOOL YOU!"

Hey, isn't that the whole point?

Photos are supposed to put a home in its best light, aren't they? Make rooms look bigger, make dated features look fresh, and generally put a shine to even the darkest corners. Photos may not "fool" anyone, but they had better entice you to come see (and maybe buy) the house. Otherwise, someone's not doing their job.

In that one case (1510 23rd, pictured, just sold for $1.940M), the point of the "don't let the photos fool you" warning had something to do with persuading potential buyers that the home was not just one of many cookie-cutter "Roth built" homes with the same old/same old floorplan and features. No!

An electrical transformer meltdown and fire in the Hill Section on Sunday night triggered "brownouts" and blackouts in many parts of Manhattan Beach that ran into the morning hours Monday. (Here's our pic of the melted asphalt and lawn where a transformer ceased to be, at 11th/Poinsettia.)

If you were affected (as was MBC HQ), then you know what a rude wake-up call the loss of power can be. No one sleeps or awakens at the right time, odd alarms go off, breakfast is a mess, electronics aren't charged, school bells and street signals are in chaos. And don't even get us started about life without internet.

It's a wonder we ever hold it together.

Somehow, the vibe of the local real estate market as the week kicked off was also weird.

Back to Market


It seems harmless – today – to overprice new construction while waiting for the market to (perhaps) catch up midway through the build.

Some East Manhattan new construction projects launched with hugely ambitious asking prices, and are now adjusting.

Take the mega number on 1131 6th (5br/5ba, 5025 sq. ft.). This is a new home due next year that's under way now. Location: A few doors in off of Sepulveda.

Asking in February 2015: $4.499M.

The prior top sales of new construction in East Manhattan:

  • 111 S. Meadows (5br/6ba, 4200 sq. ft., huge 9500 sqft. lot) at $4.000M in Oct. 2014 (the Sunset "Idea House"); a special case given the nature of the house and huge lot size
  • 1632 Voorhees (5br/5ba, 4500 sqft., 7500 sqft. lot) at $3.251M in June 2015; the…

At a time when everything's selling and everything's hitting new highs, why not the 2006-built townhome complex over at 1202 & 1208 Tennyson?

This week, with the sale of 1208 Tennyson #3 (3br/3ba, 1750 sqft.), we see a sale price $100K higher than any public-market sale in the complex over 2+ years.

It was $985K, per the newly closed MLS sale.

Tax records, however, show that this sale eclipsed the highest-ever sale in the complex by just $10K. That was at 1202 Tennyson #2, an off-market sale that closed in late April at $975K and was just recorded officially last month.

The most recent public-market sale was at 1202 Tennyson #1 (3br/3ba, 1750 sqft.) at $880K in Sept. 2013.

Interestingly, that same 1202 unit #1 had also set the high-water mark for the…