Take Another Shot

By Dave Fratello | February 12th, 2014

Spring has begun in Manhattan Beach – don't tell your friends and family back East – and inventory is bursting out, with quick deals the norm.

But coming back into the "active" inventory this week are two listings that already had deals.

711 Larsson (4br/2ba, 1800 sq. ft.) is a 1950s original in the Hill Section with big lot (6875 sq. ft.) and a sunny western-facing yard.

It ran just about 2 weeks on the market at $1.475M before finding a buyer.

That was only last week, and, lo, here it is, back again.

So if you missed your first shot at it, you didn't miss it after all.

We are still very unsure what could happen on this one longer-term. Nearly $1.5M is OK for that much land in the Hills, but if you build new, you're going to be in for nearly $3M for a new house in an off location.

Remodeling? Probably the better bet, on balance, but the home is really original and hard to see as a straightforward project.

Now there's more time to consider it.

Up at 3213 Valley (3br/3ba, 1975 sq. ft.), there was already lots of time for buyers to consider the home.

The listing launched at $1.499M in late October – an odd time of year – and only made a deal in early January.

Based on size and interior square footage, it compares pretty directly with 1701 Pacific (4br/2ba, 1965 sq. ft.), the spare 60s fixer on a busy street that just made an immediate deal after listing for $1.500M.

3213 Valley is much more up to date, though its 2500 sq. ft. plot is about half the size of Pacific's. Locationwise, Valley gets whooshing traffic, while Pacific gets stop-and-start traffic and plenty of spillover activity from two schools.

Looking for decent square footage at around $1.5M, and not too fussy about location? This week you lost one option and gained two.

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