Wednesday, October 10, 2007

Mar Vista west of Centinela

Here's the west-of-Centinela sequel to Monday's post. Suppose you were shopping houses in Mar Vista under $1 million. And you want to be north of Venice Blvd., not on a busy street with traffic noise, which rules out Walgrove, Beethoven, Palms, etc. What would your choices be right now?

Lowest priced is 12916 McCune Ave. (photo above), 2 bed / 1 bath, asking $775K. It's described as, "Adorable Spanish style home in prime location of Mar Vista. Pride ownership shows updated electric, remodeled kitchen and baths, lots of original details, front patio fruit trees, large private backyard with lots of room to expand, 1/2 of the garage is used as a dark room for photography,long driveway to fit many cars.don't miss this one! ..." Funny how the MLS photo doesn't show the apartment building on Venice Blvd. behind it. What else is there to look at? Just southeast of Walgrove and Palms is 3532 Redwood Ave., 4 bed / 3 bath, asking $879K. Its description includes, "Light & Bright Traditional 4 bd + 3 bth home in Mar Vista. Spacious living room with crown moldings, fresh paint, and flat screen TV [included?]. ... Beautifully landscaped front yard surrounded by a custom modern wooden fence. Remodeled master bath w/ custom glass sinks held by nickel metal. Huge walk-in glass shower w/ a separate spa tub....."

Close by is the similar 3624 Maplewood Ave., 3 bed / 2 bath, asking $949K, described as, "Very open floor plan with high ceilings, stained hardwood floors, exposed custom wood beams and fireplace, granite countertops, travertine flooring in kitchen and bathrooms, stainless steel appliances, skylights, beautiful garden/backyard with custom stamped concrete patio ideal for entertaining...." Then there's 12437 Woodgreen St. (above), 3 bed / 1.75 bath, asking $949.5K. "Traditional home in good Mar Vista neighborhood on a Huge street-to-street lot. Large park-like rear yard with lots of room for add-on, guest house, pool, etc. Room to park an RV. Updated home including den, enclosed patio used as family room, storage. Built-in kitchen, private spa, newer double pane windows, Copper plumbing, newer central heat, updated electric...." Park an RV in your park[ing lot]-like yard? It's just west of Centinela and the back yard backs up to Palms Blvd., so maybe rule this one out for traffic noise. Two others would have made the list but changed to "Looking for Backup" status Monday, showing that well-priced properties continue to sell. First is 3357 Moore St. (above), 3 bed / 2 bath, asked $869K, "Beautiful Mar Vista Home with Views! ... second story sun room where you can enjoy vistas to the ocean. There is so much potential with what you can do here or just keep it the way it is and enjoy its original charm...."

Close by and similar from the front is 3423 Wade St., 3 bed / 1.75 bath, at $899K, now also in escrow. I wonder about airport noise for both; you really hear jets taking off in Mar Vista south of Santa Monica Airport.

Anything appeal? Or wait for prices to fall?


H7 said...

i don't know why anyone would want to be in mar vista in the first place. yuk. no personality at all. it's just reseda with some proximity to the ocean.

Westside Bubble said...

reseda with some proximity to the ocean

Whew! I'll sure remember that one.

Similar house, closer to ocean, add $400K+?

Anonymous said...

Now I am not protecting the housing industry...I sold in Jan and am currently renting ... personally I think we are looking at a 30-40% correction in home prices from the peak to valley - which I believe will be 3-4 years away based on historical cycles. Nevertheless, to compare Mar Vista to Reseda is IDIOTIC. If you work in Santa Monica or Century City there is NO 401 traffic. Great access to 10 and 405. I live in Culver City and would only consider living on westside. Also has great access to airport if you travel. So I am a westside supporter but housing realest. Keep the site. P.S. Love Culver City.

Anonymous said...

and one more thing...if you attack my entry because of 401/405 typo...get a life...and better argument.

Westside Bubble said...

Thanks, Anon. I think a lot of us "would only consider living on the Westside."

Any interesting details on the market in Culver City?

Anonymous said...

SM, Culver City or WLA? Ask people w/asthma, or other respiratory problems or sleeping disorder.
Home is not only about Price/Renting ratio!

Anonymous said...

buying now is like buying internet stocks in the summer of 2000 after the first dip. people, there is a long way to go.

the magnitude of the absolute price declines won't be as great (25% vs 90%), but the leverage will more than make up for this.

i truly hope the buyers like these houses, because unless they pay down significant amounts of principal over the next 5 years, they won't be moving for 10+ years.

esther cerise lin said...

I'm going to be renting the house at 12916 McCune Ave. I guess the owner didn't get anyone to offer 775K for the place.

Anonymous said...

actually, mv is a great neighborhood in the west side. it is not boring at all, once you know it. i wonder if you are trying to compare it to abbot kinney which i find really boring. you see, everybody has a different take on boring.
yes there are some issues with increasing sm airport traffic but the community is really on it and it is being discussed at sm city council.