Quickest Deals from May

By Dave Fratello | June 3rd, 2011
In the month just passed, inventory began to swell, but there were plenty of quick deals made, too. Here's a look at some of the offerings that drew the quickest notice.

3517 Manhattan Ave. (6br/5ba, 4080 total) is a triplex that has been completely redone in a sharp, warm, modern style. The main, owner's unit (3br/4ba, 2500 sq. ft.) features huge ocean views all the way up to Malibu and over to PV and Catalina. All the details in the kitchen and baths are high-end and tight.

3517 Manhattan was first offered at $2.898m, lasted almost a week, and just closed for $2.8m.

132 3rd (3br/4ba, 3725 sq. ft.) is a newer (2003) modern on a big corner lot (3420 sq. ft.) at Manhattan Ave. The home has an unusual amount of walkstreet frontage, making it appear even bigger than it actually is.

The "sleek, sexy warm home ... with Jet liner views" (listing) lasted just a day on the MLS at the start price of $5.250m. Can you say "must have?"

532 6th (4br/4ba, 2750 sq. ft.) is another corner-lot modern in the Sand, but this one's on Valley, not Manhattan, and has treetop views, not "Jet liner views" over the ocean.

As we noted in "Flashbacks from '08," this one traded for $1.820m in Oct. 2008, and was offered back at $1.989m. Officially, it logged 10 DOM, but we heard about offers coming much sooner than that.

3120 Alma (3br/2ba, 1425 sq. ft.) is probably a lot sale. It's a bigger-than-normal (3500 sq. ft.) lot on a corner with ocean views.

It launched at $1.495 in mid-May, and evidently triggered something of a frenzy. While 12 DOM tolled before a deal was posted, much of that time was spent sorting through offers and counters.

Don't be surprised if it winds up in the mid-1.5s.

1405 Walnut (4br/3ba, 2150 sq. ft.) is an early-70s home said to be "immaculate" with new paint and such, but it has the look of a project regardless.

Many agents didn't have the chance to see this one before a deal posted just 5 DOM into its run.

That Tree Section location is clearly a draw, and if the home was livable and easily updated, the start price of $1.195m or so may seem a good deal.

1900 Palm (3br/1ba, 1200 sq. ft.) is going to be viewed by plenty of folks as a lot sale, but we noted here that the existing home could make for a starter home for a family that can handle a little squishing.

The home was offered "as is" – though freshly painted and clean, it's mostly in original (1950s) condition – at $1.049m, and lasted all of 8 DOM.

3008 Ardmore (3br/2ba, 1900 sq. ft.) is a nicely maintained and upgraded 1950s rancher with a fully modern kitchen on a nearly double-sized lot (7490 sq. ft.).

The extra land affords an ample and cute front yard, with bushes blocking off the view and some noise off of Ardmore, plus a more than adequate and nicely landscaped back yard.

It's a darling place and mainly has one glaring liability – besides the location on Ardmore – lack of a true master, with a dated bath shared among all 3 bedrooms. With a hurry-up-and-grab-it start price of $1.189m, Ardmore was gone in 3 DOM.

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