What Ever Happened to...

By Dave Fratello | May 3rd, 2018

While the 2018 real estate market locally is largely rolling along fine, there have been some notable entries & exits. Not everyone sells, you know.

Here are several listings that were up for sale at one point during the year but have, for their own reasons, quit the market unsold.

There was 108 The Strand (5br/7ba, 6900 sqft.), a custom modern that has spent chunks of 2016, '17 and '18 on the market.

We last discussed this one in late January on occasion of a bogus re-list and price cut to $17.500M.

As noted in that post, $17.500M was quite a bit below what the TV-show realtors had ever contemplated. (See: "Strand Re-List Down $2.5M, Below TV Show Estimate.")

It was last seen on the market March 19, with 254 combined DOM from recent listings.

Its first listing, with a local agent before the TV-show folks, was in Feb. 2016 at $19.985M.

Much more recently, 508 Manhattan Ave. (4br/4ba, 2700 sqft.) made a splash in early April, showing off an absolutely fantastic, killer, smashing, stylish, highly custom remodel.

The original early-90s TH needed everything, and this was almost a total rebuild, a sight to behold. Alas, the $6.500M asking price was all-new territory for the product. A rental listing sought $30K/mo. for Four Seasons-level accommodations, fully furnished.

Both listings have now canceled. You can still see the property in our video from early April.

This link starts the video right at the property.

316 10th (4br/4ba, 4115 sqft.) is a custom modern on a walkstreet corner near downtown.

It's been on the MLS for sale off and on, with spells in 2007, '08, '17 and again this year. It's been a frequent flyer on Zillow and other websites as well when not formally listed.

This year the listing was labeled a bankruptcy sale, wherein the trustee was directing matters and a "winning" buyer could still be overbid in court.

There was talk early in the February listing of at least one offer, and the listing (asking pirce: $3.900M) hung around the MLS for a couple of months after.

It canceled in April, but the story may not be over. (It never seems to be over.)

221 Homer Street Manhattan Beach CA221 Homer (4br/4ba, 2500 sqft.) is a hidden-away, midsized SFR with views right along the border with Hermosa.

It sold new at an impressive $4.467M in August 2016, after a few months of not selling and even trying to rent out instead. (Photos and link here are to that sold listing.)

About 18 months after acquiring the home, the owners tried to sell here this year for $4.950M. That would be a healthy markup of $483K and 11%, but hey, our citywide median price rose last year by 13%.

The listing ran about 5 weeks and canceled.

750 35th (5br/5ba, 3715 sqft.) is a newer home, very custom, with designer additions after the initial purchase.

Since the initial sale at $3.095M in July 2015, this one has been back on the market to resell twice, including this year.

In 2017, it was $3.339M down to $3.275M before renting out.

This year, it was $3.199M for part of 2017 into 2018, before renting out. (The link above goes to the leased listing at $13K/mo.)

225 38th (3br/4ba, 2230 sqft.) is a pleasantly updated El Porto view townhome that had runs on the market in 2017 and 2018, priced from $2.799M down to $2.650M.

Two of its neighbors on 38th St. had sold in recent memory, one for $2.250M (200 38th, a 2006 build) and one for $2.800M (228 38th, new construction).

The last line of the listing description said, "This house is priced to sell quickly!" It canceled April 5.

Some of these may come back, others may not have been all that committed to selling in the first place.

Please see our blog disclaimer.

Latest Listings Among
Manhattan Beach Homes For Sale