Thursday, March 6, 2008

Funhouse fotos from Mar Vista

You know I prefer to use my own photos here. But these three from the MLS for Mar Vista stand out, though the first two probably didn't intend to. Above is a 5 bed / 3 bath at 3115 Veteran Ave., asking $1,599K. Below is a 2 bed / 1 bath at 12110 Greene Ave., asking $649K. Dizzy yet?
Then there's this 3 bed / 3 bath at 4140 Sunnyside Ave., asking $999,999. Artsy photo, not sure about the house.

21 comments:

Mr.Mortgage said...

You Don't Understand Mortgage Rates...
http://thegreatloanblog.blogspot.com
You should if you are buying on the Westside

JBR said...

"You Don't Understand Mortgage Rates..."

Actually, I do. And while I think you've got some good blohs, your spamming is getting a bit out of hand. :-)

JBR said...

blohs = blogs :-/

Ted Huey said...

Seriously, easy up on the spam.

Anonymous said...

12110 Greene asking for $649K?
Last sale and tax info
Sold 06/30/2000: $265,000
Double trouble??

Anonymous said...

The 3rd house sure does look nice. I like this type of modern look. But as someone not from this area looking to move here, what is accounting for the (relatively) low price? Is it the neighborhood/schools? Or just market corrections? Thanks for any info!

Anonymous said...

jbr, I think you may have subconsciously meant "blahs"

as in "blah, blah, blah"

Westside Bubble said...

what is accounting for the (relatively) low price?

It's in the area east of Marina del Rey, the lowest-priced part of Mar Vista. This house is also just east of the huge new "loft" condos.

Anonymous said...

I sold this house in Dec. '05 for about 830K. This is a really great street, actually. First SFR street east of Lincoln and south of Washington. You can walk to Gelsons, Theaters, 12 min walk to boats in the Marina. A quiet street with no continuous traffic.

I sold to a developer/flipper who added a BR/BA, redid the roof, finished the garage and upgraded the older sash windows -- and added french doors to the front yard.

From what I know, lenders are lowballing this house and won't value it over 1M. It fell out of at least one sale for that reason. The developer has to be under water here. Maybe I should buy it back!

Anonymous said...

Buy it back for less than you sold it to the developer! Get the upgrades and added SF for free. It would be poetic, but then again you might be looking at a $100k loss just a short time after.

Anonymous said...

"I sold this house in Dec. '05 for about 830K."

Nice job Angel! And what a sucker, 800 SF on a tiny lot for 810K! And from the looks of things, you didn't buy another place so you must be sitting on some serious $$$. Congrats.

Westside Bubble said...

Thanks for the background, Anon.

Looks like someone bit; it's off the MLS this evening.

Anonymous said...

The house at 4140 Sunnyside was in escrow for 970k but fell out because the sellers refused to make any repairs.

Anonymous said...

Repairs? On a new remodel?

Anonymous said...

actually, we are the people who fell out on the sunnyside purchase. (hi, angel, how are you - funny to see you reading here too.) It's a very well done modern home, done by flippers in the area who have a good reputation for their work, but it has a small living/dining. the street is nice, the neighbors all great. Only real downside is that you'd have to cross Lincoln and Washington to bike to the beach, and that's a nightmare. We had it appraised at $1 m almost 4 months ago, it's no doubt come down in price a bit, but the sellers hadn't come down enough for us at the time -they had a higher estimate from a different appraiser (a friend of theirs.)
funny enough, reading this blog and others gave us cold feet. But we were really in love with the place - sad to see it go to someone else, but we figured we can't afford to make a big mistake, and better to wait than be sorry. It's frustrating to have friends who all bought on the westside 8-10 years ago, and still be priced out. A lot of people say it will never dip THAT low again...

Anonymous said...

actually, am also someone who fell out on the sunnyside purchase. how many of there are us? it may be a new remodel, but even those need some final touch-ups before moving in and the sellers were already too upset with the price that they had accepted and refused to do anything--i guess they don't think there's a bubble.

Anonymous said...

yeah, i know from our agent that the 3 investors were not happy with the investment (paid too much and invested too much in the remodel) to make it a profitable flip. they were tired of it and don't want to touch it again.
But i assume all the same people were looking at Sunnyside, Harding Ave and Gilmore Ave. At least Sunnyside was close to being priced for today - Harding and Gilmore on terrible streets and those sellers are asking outrageous numbers (and actually, the realtor who owns Harding finally took it off the market.)

Anonymous said...

apparently not everyone reads this blog or is afraid of further price reductions...according to the mls, 4140 sunnyside sold for $990,000!

Anonymous said...

I live next door to 4140. Not too crazy about the poop brown color, but it otherwise it looks nice. Haven't met the new neighbors - but want them to know we're friendly! :)

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