Sunday Opens (12/6)

By Dave Fratello | December 6th, 2009
First, we'll just remind you about the probate auction Sunday afternoon at 1801 Elm – see the story immediately below here for our poll results and more.

As to Open Houses, lots of folks are paying to see them this weekend – the Sandpipers' tour.

Feeling a bit tight right now? There are still plenty of freebies. That includes 5 all in 1 new building in El Norte.

To plan your open-house tours for this week, use MB Confidential's online list of Manhattan Beach open houses (it's mobile-friendly!).

Please report back here at MBC on any open houses you visit – what you like, what you don't like, etcetera.

Sand Section

Get thee to El Porto Norte if you're into ultra-modern, ocean-view condos. You've got your pick of 5, all in the same new building, now all open for the first time we've noted (not all are listed online yet):
We'd heard tell that one of these was already sold, but all 5 are posted open. Maybe a fish got away.

Avid readers may recall when we first learned of this project in March 2008, and described the would-be condos then in "Coming Soon to El Norte."

At that point we credited the developers for having cojones to begin such an ambitious project at an increasingly tough time in the market... and the market only slid downhill from there. Perhaps fearing the worst, MBC said then:
These builders are like toros, bullish on the future. The question is whether they'll find buyers in a year or two, or whether this project will offer some of El Norte's most splendid new rentals.
The lot was acquired for $3m, and those start prices total up to $9.75m, so even with some wiggle room on pricing, there's probably quite a ways to go for the project to be profitable, and before these swanky units would need to slide to the lease market.

As the interior pics for 4323 Crest show, the townhomes are presented with a high-style contemporary flair, really tricked out. Plus they boast "green" certification.

It wouldn't be fair to compare them to the John condos, the "Surprising Development" on MBB. Those were also modern and green, also on a busy street. But these 5 boast ocean views and none of that mixed-use confusion in the MBB set. 

Well, a location right on Highland Ave. in the furthest-north part of town will be a deal-breaker for lots of folks. Though we don't formally track condos, this is a set we'll watch.

All 5 condos are open Sunday, 1-4pm.

Tree Section

Here's something that's a little more digestible for the average entry-level MB buyer.

1705 Oak (3br/2ba, 1250 sq. ft.) is one of those original 1950s cottages that's been given some love in a series of updates. You still see the old house there, but you can also see a 21st century home, too.

There's extra square footage claimed from a finished room in back, now an office, adding some appeal for those who normally couldn't fathom fitting into a 1200 sq. ft. house.

At $999k, it's priced well above the $800k-range entry-level homes we've seen in other parts of town to reflect the charming updates. It's also below where it could be without the Oak location strike.

One comparison that comes to mind is 2613 Oak, technically 4br and technically bigger at 1775 sq. ft., but both with several updates to shake off the 50s feel. Despite its flaws (no real master bath, tiny "3rd" and "4th" BRs), 2613 got $1.199m in October. Does that make 1705 a steal, or did 2613 trade too high?

1705 Oak is open Sun. 1-4pm.

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