Recently a home on Dewey ( just south of Santa Monica Airport ) was listed by a notorious local agent at a low price. Of course the ensuing overbidding had some serious developer/speck bidder action. It sold for $1.1 mil. And now this view lot will get a new home on it. Will they tear down 100% and rebuild. Some think so. The selling price on those homes in the region with “Year Built” that says 2003 or newer can command prices like $1,895,000 with views and just $1,565,000 with no views.
Another Hot one just hit the market place and has all the builders scrambling to grab their calculator. On Inglewood at the top of the Mar Vista Hill. Think of and Mountain View locations and top prices. It was listed at a sobering price of ONLY 839k and the bidding war will likely push this up to the 1 million dollar range.
Also is there any of you dear readers thawoulddl combine three lots and build a nice Condo development on a total of 15,000 sq feet of land?!?! New. Not on the MLS.
Bigger. Better. An opportunity for construction of profitablele project.
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