Failedagent_IHB
New member
How is it that in today's market, people are still buying cottages in Corona Del Mar and tearing them down to put up duplex's? The same thing still seems to be happening in other beach towns. People take a 1000-2000 sq ft cottage, tear it down, and put a three story 1800-3500 sq ft "mansion",often with an additional 800-1200 sq ft unit attached to the alley. Do the economics make sense in today's market? I thought this trend would stop, but they just tore a house down on Marigold three or four weeks ago.