At today's prices, you see sellers asking - and buyers paying – as much, or more, for little lots than you would expect to see for an actual livable house.
Look at just a few half lots on the market recently:
209 15th just made a deal with a list price of $2.299M.
The smallish, 2-story house is dated and you have to say the bulk of the value is in the land, all 1345 sqft. of that plot. Despite a busy intersection nearby, they've pulled in a deal fast.
317 11th is new to market, a half lot right on the periphery of downtown Manhattan Beach.
The 1350 sqft. lot sports a small, 2br. house with very decent……