From the day the little cottage at 328 6th came to market, it was endangered.
With just 2br and 1300 sqft. of living space, it's undersized – by a lot – for a Manhattan Beach walkstreet home.
Its 2700 sqft. plot could host a 4100 sqft. new house.
And demand for South End flat walkstreet lots has probably never been higher, or less price-sensitive.
The last 3 flat walkstreet lots to trade were:
316 4th St. at $3.770M in March 2015. (Pictured.)
401 5th St. at $2.710M in September 2014.
440 8th St. at $2.700M in August 2014.
By the time 328 6th came to market in February, asking $3.199M, it was well known that a comp for the listing, the now-closed sale at 316 4th, was in escrow north of $3.7M.
So with really all of that $3.2-ish value in the land,……