Tree Section Under $2M So Far

By Dave Fratello | February 9th, 2017

If you're looking to live west of Sepulveda for under $2M, sometimes it must feel like you're looking for a unicorn.

Chances are, if you're going to find something, it'll be in the Tree Section, and quite small and/or in a less than superb location.

Here's a look at what's been out on the market and selling this year so far.

ROSECRANS DIVISION

The least pricey properties in the Trees are typically along Rosecrans, where lots are smaller and there's a bit more of a stigma, holding prices back somewhat. Nonetheless, prices have risen consistently in recent years, to unprecedented heights.

722 Rosecrans (2br/1ba, 880 sqft.) is asking $1.195M, at 99 DOM as we post. Nearby, slightly larger 760 Rosecrans (3br/2ba, 1050 sqft.) closed last October for $1.226M.

722 Rosecrans Avenue Manhattan Beach CA

664 Rosecrans (2br/2ba, 800 sqft.) is asking $1.195M, showing 65 DOM now. (Update: Soon after this blog post went live, 664 Rosecrans went into escrow.)

664 Rosecrans Avenue Manhattan Beach CA

ROSECRANS-ADJACENT DIVISION

3508 Poinsettia (5br/3ba, 2265 sqft.) has just closed for $1.586M. A lot of house for the money.

3508 N Poinsettia Avenue Manhattan Beach CA

OAK AVE. DIVISION

1813 Oak (3br/1ba, 1000 sqft.) is asking $1.499M at 84 DOM and 145 CDOM.

One year ago, the owners bought it for $1.400M, before evidently having a change of heart. (See the old, sold listing here.)

 1813 Oak Avenue Manhattan Beach CA

3513 Oak (3br/3ba, 1775 sqft.) is asking $1.650M, with 14 DOM.

About one year ago, the owners bought it for $1.350M. (See the old, sold listing here.)

3513 Oak Avenue Manhattan Beach CA

2417 Oak (3br/3ba, 2535 sqft.) is asking $1.945M, with 120 DOM. It would not have made this list of properties under $2M when first listed, because they were trying for $2.155M to begin. 

In July 2014, the owners paid $150K over asking, $1.805M. (See the old, sold listing here.)

2417 Oak Avenue Manhattan Beach CA 

OTHER RECENT LISTINGS & SALES

1900 Elm (3br/2ba, 1650 sqft.) is asking $1.749M, with just 8 DOM.

About 18 months ago, the owners bought it for $1.600M, and have since remodeled. (See the old, sold listing here.)

1900 Elm Avenue Manhattan Beach CA

910 14th (3br/3ba, 1600 sqft.) had a sale arranged off-market, and shows on the MLS in escrow with a list price of $1.599M. Very nice location, but a small lot (2240 sqft.), really a half lot for the Tree Section.

910 14th Street Manhattan Beach CA

1501 Elm (2br/1ba, 1000 sqft.) listed in November at $1.550M, and went into escrow in mid-January. 

1501 Elm Avenue Manhattan Beach CA

1149 Elm (4br/3ba, 1350 sqft.) began in May last year at $1.629M, and closed this January at $1.430M.

1149 Elm Avenue Manhattan Beach CA 

653 27th (4br/2ba, 1925 sqft.) boasts a good location and sold for land value, $1.650M, in January.

653 27th Street Manhattan Beach CA

2416 Pine (2br/1ba, 1000 sqft.) looks like a land value sale, lower due to location on Marine, at $1.250M.

2416 Pine Avenue Manhattan Beach CA 

1820 Pine (2br/1ba, 850 sqft.) also looks like a land value sale, but with no obvious location issue, seemed quite low at $1.332M.

1820 Pine Avenue Manhattan Beach CA 

That's about the size of things so far.

The year is young!

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