Gone But Not Forgotten?

1853 5th Street, Manhattan Beach, CA

In this low-inventory environment, it's something of a surprise when a property doesn't sell.

1853 5th Street, Manhattan Beach, CAAn East Manhattan remodel with a big, fun backyard at 1853 5th (3br/2ba, 1684 sqft.) didn't just fail to sell once. It failed twice this year.

But we're talking about it because now it has successfully sold.

1853 5th Street, Manhattan Beach, CAThe trick? Going off market.

Buyers, they want the ones they can't have. And it can drive them mad. 

Agents, too. We can be a little hungry in a year like this. When your client is looking, you hunt around.

1853 5th Street, Manhattan Beach, CAIt's not too hard to figure out that sellers who tried to sell twice, but canceled off the market, probably still want to sell. And that seems to be what happened here.

1853 5th first came out in late March asking $2.249M. (Listed by Kirk Hawkins of Paradigm.)

A month later, with no traction, they cut $174K to $2.075M

When that didn't work, the sellers took the property off market for 2 weeks, and came back with a fresh new MLS # and new price: $1.999M

Even that didn't work.

A remodel with a yard under $2M!

Well, it's a bit obvious why buyers were reluctant: location. (Location, location.)

As we said in our weekend post in April about the house as a new listing:

Being at the end of the 5th St. cul-de-sac, right alongside Aviation Blvd., is there traffic noise? Oh, yes. Persistent. Noticeable. More so outdoors than inside. It comes with the territory.

Plenty of people who probably wanted everything that was there... didn't want the location.

The home's been off the market since mid-July, but now, here, 3 months later, it's sold for $1.900M.

The buyers wanted the house, and the yard, and the location, for just a little more of a discount from the last list price.

Every home does, in fact, have its price.

Please see our blog disclaimer.

Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.

Based on information from California Regional Multiple Listing Service, Inc. as of December 10th, 2023 at 11:15am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.