Long Beach general thread

hairbanks_IHB · Jul 6, 2009

[quote author="morekaos" date=1246956411][quote author="morekaos" date=1234660016]OOOOOOUUUUUUCCCCCHHHHHHHH!!!!! $310 a square foot IN the Shore...$250 here we come

Feb 13, 2009 Listed $799,000 -- SoCalMLS #S563678

Jul 25, 2008 Sold $1,020,000 -28.1%/yr Public Records

Mar 14, 2007 Sold $1,600,000 91.6%/yr Public Records

<a href="http://www.redfin.com/CA/Long-Beach/45-Belmont-Ave-90803/home/7602303">45 Belmont Ave </a></blockquote>

OMG!!! This place went for $725,000.00!!! What a total disaster!!</blockquote>

Like a face-plant into a cactus patch.

graphrix_IHB · Jul 7, 2009

[quote author="awgee" date=1246956434][quote author="morekaos" date=1246955810][quote author="RE in the LBC" date=1234491677]They sure are resilient in Naples:

<a href="http://www.redfin.com/CA/Long-Beach/169-Angelo-Walk-90803/home/7592474">551 days and counting...</a></blockquote>

Almost 2 years, 696 days and counting. These sellers will accept no less than $2000 off what they paid in 2004....amazing!!</blockquote>
How much do you think it would cost to take down that brick chimney and put up something more proportional?</blockquote>

More than you want to know, plus the permits for that... what an f'ing nightmare.

Anyway, what I love is this part...

 Listing courtesy of: Keith Muirhead, Equity Brokers. 

Correction: Listing courtesy of: Keith Muirhead, Negative Equity Brokers.

usctrojanman29_IHB · Jul 7, 2009

[quote author="RE in the LBC" date=1246970171][quote author="morekaos" date=1246956411][quote author="morekaos" date=1234660016]OOOOOOUUUUUUCCCCCHHHHHHHH!!!!! $310 a square foot IN the Shore...$250 here we come

Feb 13, 2009 Listed $799,000 -- SoCalMLS #S563678

Jul 25, 2008 Sold $1,020,000 -28.1%/yr Public Records

Mar 14, 2007 Sold $1,600,000 91.6%/yr Public Records

<a href="http://www.redfin.com/CA/Long-Beach/45-Belmont-Ave-90803/home/7602303">45 Belmont Ave </a></blockquote>

OMG!!! This place went for $725,000.00!!! What a total disaster!!</blockquote>

Like a face-plant into a cactus patch.</blockquote>
The question is...how in the hell did this thing still sell for more than its 2005 price???

morekaos_IHB · Jul 8, 2009

[quote author="morekaos" date=1241559861]Even the rich can run out of money. I seem to see these more and more around here, not even the Peninsula is imune. Look at this "as is" sale in a very nice area

<a href="http://www.redfin.com/CA/Long-Beach/30-Dana-Pl-90803/home/7594111?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">30 Dana</a>

Man, just $75,000.00 short. That must have hurt.

"BEST VALUE! HUGE PRICE REDUCTION! 'As-Is', call (800) 456-9107 to preview. Almost finished, estimated $75k to complete."</blockquote>

Well the markets has certainly turned on the Peninsula. this place is now squarely on the appreciation path. Best of luck with that.

Jul 07, 2009 Price Changed $1,995,000 -- SoCalMLS #P689082

May 28, 2009 Listed $1,750,000 -- SoCalMLS #P689082

Aug 29, 2007 Sold $1,050,000 -3.7%/yr Public Records

Apr 12, 2007 Sold $1,064,999 -18.4%/yr Public Records

Mar 09, 2006 Sold $1,330,000 -- Public Records

morekaos_IHB · Jul 8, 2009

[quote author="morekaos" date=1246955810][quote author="RE in the LBC" date=1234491677]They sure are resilient in Naples:

<a href="http://www.redfin.com/CA/Long-Beach/169-Angelo-Walk-90803/home/7592474">551 days and counting...</a></blockquote>

Almost 2 years, 696 days and counting. These sellers will accept no less than $2000 off what they paid in 2004....amazing!!</blockquote>

OMG LB I am still laughing at this one

<a href="http://longbeachhousingblog.blogspot.com/">Clifford</a>

morekaos_IHB · Jul 8, 2009

[quote author="morekaos" date=1223856441]In the shore, last purchase $1,300,00.00 now half off and 371 a square foot. My how the mighty have fallen.

http://www.redfin.com/CA/Long-Beach/209-Glendora-Ave-90803/home/7597200</blockquote>

OK, I am trying to figure this one out. Is this how long it takes to get a property to bank sale? Look at the price history.

<a href="http://www.redfin.com/CA/Long-Beach/209-Glendora-Ave-90803/home/7597200">209 Glendora</a>

May 06, 2009 Sold $750,000 -23.8%/yr Public Records

Jan 03, 2008 Sold $1,080,000 -7.7%/yr Public Records

Sep 09, 2005 Sold $1,300,000 18.7%/yr Public Records

Now it show up for sale again.

<a href="http://www.zillow.com/homedetails/209-Glendora-Ave-Long-Beach-CA-90803/21220231_zpid/">$749</a>

Has the bank held this thing for the last 7 months off the market and empty? And why isn't Redfin picking this up?

Geotpf_IHB · Jul 9, 2009

[quote author="morekaos" date=1247126205][quote author="morekaos" date=1223856441]In the shore, last purchase $1,300,00.00 now half off and 371 a square foot. My how the mighty have fallen.

http://www.redfin.com/CA/Long-Beach/209-Glendora-Ave-90803/home/7597200</blockquote>

OK, I am trying to figure this one out. Is this how long it takes to get a property to bank sale? Look at the price history.

<a href="http://www.redfin.com/CA/Long-Beach/209-Glendora-Ave-90803/home/7597200">209 Glendora</a>

May 06, 2009 Sold $750,000 -23.8%/yr Public Records

Jan 03, 2008 Sold $1,080,000 -7.7%/yr Public Records

Sep 09, 2005 Sold $1,300,000 18.7%/yr Public Records

Now it show up for sale again.

<a href="http://www.zillow.com/homedetails/209-Glendora-Ave-Long-Beach-CA-90803/21220231_zpid/">$749</a>

Has the bank held this thing for the last 7 months off the market and empty? And why isn't Redfin picking this up?</blockquote>

It originally was put on the market by the bank on May 6th, 2008, but didn't sell until exactly one year later (to the day). Zillow is still showing the old listing from that sale; they frequently don't take down listings after a sale. Redfin is smart enough to realize the property sold and take down the listing-they actually have to, because they get the listings directly off the MLS and have to obey MLS rules, which include not showing the prices on expired/sold listings. I think Zillow gets some/all listings from other sources and don't obey those rules.

morekaos_IHB · Jul 13, 2009

Can you say "Greedtarded fool chasing the market down a rabbit hole for a year!"....I knew you could.

<a href="http://www.redfin.com/CA/Long-Beach/314-Parsons-Lndg-90803/home/7592253">Spinnaker Bay is not immune</a>

Jul 13, 2009 Price Changed $1,099,000 -- SoCalMLS #P648808

Jun 05, 2009 Price Changed $1,149,000 -- SoCalMLS #P648808

Jan 07, 2009 Price Changed $1,249,000 -- SoCalMLS #P648808

Jul 26, 2008 Listed $1,299,000 -- SoCalMLS #P648808

Apr 30, 1991 Sold $483,000 -- Public Records

awgee_IHB · Jul 13, 2009

Spinaker Bay was the first place we rented after we sold our home. When the lease was up, our landlord wanted the house back so he could sell. Waa-a-a-a!

usctrojanman29_IHB · Jul 13, 2009

[quote author="morekaos" date=1247087841][quote author="morekaos" date=1241559861]Even the rich can run out of money. I seem to see these more and more around here, not even the Peninsula is imune. Look at this "as is" sale in a very nice area

<a href="http://www.redfin.com/CA/Long-Beach/30-Dana-Pl-90803/home/7594111?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">30 Dana</a>

Man, just $75,000.00 short. That must have hurt.

"BEST VALUE! HUGE PRICE REDUCTION! 'As-Is', call (800) 456-9107 to preview. Almost finished, estimated $75k to complete."</blockquote>

Well the markets has certainly turned on the Peninsula. this place is now squarely on the appreciation path. Best of luck with that.

Jul 07, 2009 Price Changed $1,995,000 -- SoCalMLS #P689082

May 28, 2009 Listed $1,750,000 -- SoCalMLS #P689082

Aug 29, 2007 Sold $1,050,000 -3.7%/yr Public Records

Apr 12, 2007 Sold $1,064,999 -18.4%/yr Public Records

Mar 09, 2006 Sold $1,330,000 -- Public Records</blockquote>
Wow, maybe the seller knows something that we dont about a huge economic recovery.

usctrojanman29_IHB · Jul 13, 2009

[quote author="morekaos" date=1247539739]Can you say "Greedtarded fool chasing the market down a rabbit hole for a year!"....I knew you could.

<a href="http://www.redfin.com/CA/Long-Beach/314-Parsons-Lndg-90803/home/7592253">Spinnaker Bay is not immune</a>

Jul 13, 2009 Price Changed $1,099,000 -- SoCalMLS #P648808

Jun 05, 2009 Price Changed $1,149,000 -- SoCalMLS #P648808

Jan 07, 2009 Price Changed $1,249,000 -- SoCalMLS #P648808

Jul 26, 2008 Listed $1,299,000 -- SoCalMLS #P648808

Apr 30, 1991 Sold $483,000 -- Public Records</blockquote>
I guess the seller just has a hard time accepting a profit of less than $600k.

morekaos_IHB · Jul 14, 2009

[quote author="RE in the LBC" date=1242276001]Yet another monstrosity that apparently ran out of money. <a href="http://www.redfin.com/CA/Long-Beach/1724-Bluff-Pl-90802/home/7611197">1724 Bluff</a>

"THIS PRICE IS RIDICULOUS!!OWNER SAYS SELL!!" If asking $1,995,000 for a yet-to-be-completed project is "ridiculous," then the original asking price of $4,500,000 was straight up greedtarded.

The inside is gorgeous:

<img src="http://media.cdn-redfin.com/photo/46/bigphoto/360/P672360_19_1.jpg" alt="" />

But why not just complete the remaining 5% of work before you sell it?

<img src="http://media.cdn-redfin.com/photo/46/bigphoto/360/P672360_13_3.jpg" alt="" />

<img src="http://media.cdn-redfin.com/photo/46/bigphoto/360/P672360_14_3.jpg" alt="" />

<a href="http://longbeachhousingblog.blogspot.com/2009/05/new-price-per-square-foot-record-update.html">A New Price Per Square Foot Record: UPDATE</a></blockquote>

Hey, Elbee

I know you are travelling but I biked by this monstrosity Sunday and it has a HUGE "Pending" sign hangin off the roof. You thin they found a knife catcher?

hairbanks_IHB · Jul 18, 2009

<blockquote>Hey, Elbee

I know you are travelling but I biked by this monstrosity Sunday and it has a HUGE ?Pending? sign hangin off the roof. You thin they found a knife catcher? </blockquote>

Kaos,

Hanging off the roof? How weird. Then again, after almost two years of stress and aggravation, I'm surprised they didn't drag a huge "PENDING!" banner behind a Cessna and make passes along the beach. Will be interesting to see if the knife-catcher's ultra-jumbo financing sticks.

By the way, if you haven't already, check out the Aerial View of this thing. The old satellite photo just shows a dirt pile, but the overhead map provides some really good perspective on just how prime this location is. Not only is it far out into the sand, but it's the end unit. Maybe that falling knife will only cause a nick?

Do you know if they fixed those sweet "custom" windows and doors before it went pending?

morekaos_IHB · Jul 18, 2009

Nope, You still need ropes and pitons to get to the front door unless you want to crawl in the doggy door next to the garage.

morekaos_IHB · Jul 23, 2009

[quote author="morekaos" date=1237071303][quote author="morekaos" date=1228950399][quote author="morekaos" date=1227071299]One of RE in the LBs favorite monstrosity has kicked over a price drop. Hallelulua. 461 days on the market with price action like a heartbeat and this LBC Ghengis Kahn wanna be has finally dropped his price. When will he find a bottom? Only time will tell. Check in another 461 days...

<a href="http://www.redfin.com/CA/Long-Beach/109-Park-Ave-90803/home/7602101">http://www.redfin.com/CA/Long-Beach/109-Park-Ave-90803/home/7602101</a></blockquote>

Lopped off another $325,000.00. I guess the pain is becoming just too much! This could be serious.</blockquote>

Lopped off another $275,000.00!! Only gonna be a stump left soon.

<object width="325" height="250"><embed src="http://www.youtube.com/v/youtube" type="application/x-shockwave-flash" width="325" height="250"></embed></object></blockquote>

Chopped off another $100,000.00 this morning....that's gonna leave a mark

hairbanks_IHB · Jul 29, 2009

<blockquote>LA TIMES: <a href="http://www.latimes.com/news/science/environment/la-me-breakwater24-2009jul24,0,2288217.story">Study offers 5 options to reshape Long Beach's breakwater</a>

By Louis Sahagun, July 24, 2009

Just off downtown Long Beach, where freighters queue up to unload much of the nation's imported goods, a long wall of rock rises from the waves, encrusted with mussels and crawling with crabs.

...

Today, nearly two decades after the Navy and its ships pulled out of the area, critics contend that the stony barricade is the reason the city's now surf-less beaches are among the least popular and most polluted in the region.

Long Beach officials Thursday released the results of a study designed to attract congressional support for a controversial proposal to reconfigure the breakwater to create bigger waves, cleaner water and beaches, and more surf tourism.

The city could gain $52 million a year in local spending -- and $7 million annually in taxes and fees, the study found.

Officials said the project will be carried out only if it can overcome daunting challenges. Major concerns include how altering the breakwater would affect navigation into the ports of Los Angeles and Long Beach, and the offshore loading of weaponry onto Navy ships.

...

Supporters of the proposal said the change would revive the city's historic seaside allure.

U.S. Rep. Laura Richardson (D-Long Beach) said it was her "hope and goal" to see the project completed within a decade.

"All the pieces are coming together," she said. "We are excited about the prospect of returning waves to Long Beach, but also committed to ensuring that any such project protects homes and the economic vitality of the largest port complex in the United States.

"If it is determined that we can do those two things and return the waves," she said, "then let the waters roll. We're ready."

Ed Hendricks, 84, vice chairman of Long Beach Surfrider, an environmental group, agreed.

"But in the meantime, we have a big dead sea out there behind the breakwater that's so dirty I wouldn't stick a toe in it,"[LOL!] he said.

...

Complete removal of the breakwater is not recommended in the study. Instead, it offers five options, including three that would reconfigure the breakwater. They range in cost from about $10 million to $310 million...</blockquote>

Sounds promising, but seriously, how long have we been reading articles like this? I'll believe it when I see it.

Geotpf_IHB · Jul 29, 2009

[quote author="morekaos" date=1248383227][quote author="morekaos" date=1237071303][quote author="morekaos" date=1228950399][quote author="morekaos" date=1227071299]One of RE in the LBs favorite monstrosity has kicked over a price drop. Hallelulua. 461 days on the market with price action like a heartbeat and this LBC Ghengis Kahn wanna be has finally dropped his price. When will he find a bottom? Only time will tell. Check in another 461 days...

<a href="http://www.redfin.com/CA/Long-Beach/109-Park-Ave-90803/home/7602101">http://www.redfin.com/CA/Long-Beach/109-Park-Ave-90803/home/7602101</a></blockquote>

Lopped off another $325,000.00. I guess the pain is becoming just too much! This could be serious.</blockquote>

Lopped off another $275,000.00!! Only gonna be a stump left soon.

<object width="325" height="250"><embed src="http://www.youtube.com/v/youtube" type="application/x-shockwave-flash" width="325" height="250"></embed></object></blockquote>

Chopped off another $100,000.00 this morning....that's gonna leave a mark</blockquote>

Still overpriced by a third. All indications seem to be that that house is worth $1.2something, not $1.8something.

morekaos_IHB · Jul 29, 2009

Now we're talkin!!! 28 days and 2 significant price cuts. We are finally coming about folks

<a href="http://www.redfin.com/CA/Long-Beach/327-La-Jolla-St-90803/home/7595314?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">327 La Jolla St </a>

Jul 28, 2009 Price Changed $675,000 -- SoCalMLS #F1812752

Jul 01, 2009 Listed $700,000 -- SoCalMLS #F1812752

Jul 27, 2007 Sold $869,000 8.0%/yr Public Records

Mar 23, 2005 Sold $725,000 49.9%/yr Public Records

Geotpf_IHB · Jul 29, 2009

[quote author="morekaos" date=1248919620]Now we're talkin!!! 28 days and 2 significant price cuts. We are finally coming about folks

<a href="http://www.redfin.com/CA/Long-Beach/327-La-Jolla-St-90803/home/7595314?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">327 La Jolla St </a>

Jul 28, 2009 Price Changed $675,000 -- SoCalMLS #F1812752

Jul 01, 2009 Listed $700,000 -- SoCalMLS #F1812752

Jul 27, 2007 Sold $869,000 8.0%/yr Public Records

Mar 23, 2005 Sold $725,000 49.9%/yr Public Records</blockquote>

Meh, short sale. Wake me when it becomes an REO in a year and a half.

morekaos_IHB · Aug 4, 2009

Well prices seem to be rising in the Shore now that the Super Summer Selling Season is in full swing.

<a href="http://www.redfin.com/CA/Long-Beach/223-Roycroft-Ave-90803/home/21650905?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">223-Roycroft-Ave</a>

Aug 03, 2009 Price Changed $749,000 -- Zillow #2138376155

Aug 03, 2009 Listed $725,000 -- Zillow #2138376155

Jul 13, 2009 Price Changed -- -- Zillow #2138376155

Jul 13, 2009 Delisted -- -- Zillow #2138376155

Jul 09, 2009 Price Changed $725,000 -- Zillow #2138376155

Jul 09, 2009 Listed $725,000 -- Zillow #2138376155

Jul 05, 2009 Price Changed -- -- Zillow #2138376155

Jul 05, 2009 Delisted -- -- Zillow #2138376155

Jun 24, 2009 Relisted -- -- Zillow #2138376155

Jun 17, 2009 Delisted -- -- Zillow #2138376155

Jun 15, 2009 Listed $725,000 -- Zillow #2138376155

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