Tuesday, December 18, 2007

Barrington flopper

This little 640 SF 1923 2 bed / 2 bath house at 1120 S. Barrington Ave., second block north of Wilshire in Brentwood, is for sale asking $695K. X above marks it; it's a skinny 2,250 SF lot between the other houses (enlarge map). The listing says it (emphasis added):

"Back on market. Least expensive Brentwood home. Rare, development opportunity in Prime Brentood (90049) on R4 lot! Perfect for first time buyer or buillder. Walk to shops. Build TWO with LA’s new “small lot subdivision ordinance.” Lot is already split. This is a key lot, and seller on either side could decide to sell. Seller decided not to build at this time. Seller is Broker. Drive by only, there is no sign. Subject to a bank approval...."

It last sold 7/8/2005 for $772.5K. Lot of things you could do with this lot, but this seller is bailing, hoping the lender will accept a nearly-$100K haircut. Hmmm.

1 comment:

Anonymous said...

(Actually Speedingpullet, but the login for google/ blogger doesn't work for me.)

Wow. Almost $700K for a house that almost fits on its own lot...

And on Barrington too.
I lived on Barrington (a block south of Wilshire) for 5 years, and evenatually had to move because of the traffic noise and constant congestion.

That house, if its where I think it is, is on a very narrow part of Barrington, constantly mobbed by traffic whizzing by and just missing the row of parked cars on either side of the road.

Plus you have the crazy Barrington/St Vicente intersection a block north and a Coffee Bean on that corner, which generates a huge a mount of traffic/parking problems.

Even at 'only' $700K, its no bargain.