Long Beach general thread

NEW -> Contingent Buyer Assistance Program
If you can handle the weekend invasion this place looks OK. I think it sort of compares to the properties across from Mothers Beach. I just don't like the weekend crowd aspect
 
[quote author="roundcorners" date=1255345214]My wife is drooling over this find over the weekend... any comments? Price..?



<a href="http://www.redfin.com/CA/Long-Beach/385-Wendy-Ln-90803/home/7591105"><img src="http://media.cdn-redfin.com/photo/46/bigphoto/298/S582298_1_1.jpg" alt="" /></a></blockquote>


If you liked that one you must love this one. Right down the street. Dropped its price 60 big ones today! The flag is up! Ane ther they go...who will win the race to the bottom?



<a href="http://www.redfin.com/CA/Long-Beach/376-Audra-Dr-90803/home/7591114?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">376 Audra Dr </a>
 
[quote author="morekaos" date=1255554400][quote author="roundcorners" date=1255345214]My wife is drooling over this find over the weekend... any comments? Price..?



<a href="http://www.redfin.com/CA/Long-Beach/385-Wendy-Ln-90803/home/7591105"><img src="http://media.cdn-redfin.com/photo/46/bigphoto/298/S582298_1_1.jpg" alt="" /></a></blockquote>


If you liked that one you must love this one. Right down the street. Dropped its price 60 big ones today! The flag is up! Ane ther they go...who will win the race to the bottom?



<a href="http://www.redfin.com/CA/Long-Beach/376-Audra-Dr-90803/home/7591114?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">376 Audra Dr </a></blockquote>


The views on that one appear to be blocked by the neighbor. The Wendy Lane house directly overlooks the water, which has to command a premium.
 
[quote author="morekaos" date=1252800298]Wow, This is how a perfectly safe homeowner gets himself into deep crap. This guy bought right.



<a href="http://www.redfin.com/CA/Long-Beach/15-69th-Pl-90803/home/7594537">15-69th-Pl</a>



Date Event Price Appreciation Source

Aug 05, 2009 Price Changed $1,490,000 -- SoCalMLS #P695505

Jul 16, 2009 Listed $1,590,000 -- SoCalMLS #P695505

<span style="color: green;"><strong>Nov 26, 1997 Sold $610,000 </strong></span>-- Public Records



You stud!! You got a cherry house on "The Peninsula", at a fairly decent price. He put a nice down and financed the remaining $458,000.00. So far so good. Then....the house found a job



2/18/98 $72,000 loan

1/6/99 $480,000 loan

3/15/00 $50,000 loan

7/3/01 $140,000 loan

2/3/05 $73,000 loans

9/1/06 $1,050,109 sloppy refi of all the debt



Then..... the house got fired and started to collect unemployment (lazy-ass house!)



3/31/09 First default filed

9/29/09 House will go to auction



This bonehead had it all and blew it!!! Amazing!</blockquote>


Looks like they are dropping $100,000.00 every other month till it gets sold. Where do you think we find a buyer? Only time and a few hundred thousand will tell
 
[quote author="morekaos" date=1256121332][quote author="morekaos" date=1252800298]Wow, This is how a perfectly safe homeowner gets himself into deep crap. This guy bought right.



<a href="http://www.redfin.com/CA/Long-Beach/15-69th-Pl-90803/home/7594537">15-69th-Pl</a>



Date Event Price Appreciation Source

Aug 05, 2009 Price Changed $1,490,000 -- SoCalMLS #P695505

Jul 16, 2009 Listed $1,590,000 -- SoCalMLS #P695505

<span style="color: green;"><strong>Nov 26, 1997 Sold $610,000 </strong></span>-- Public Records



You stud!! You got a cherry house on "The Peninsula", at a fairly decent price. He put a nice down and financed the remaining $458,000.00. So far so good. Then....the house found a job



2/18/98 $72,000 loan

1/6/99 $480,000 loan

3/15/00 $50,000 loan

7/3/01 $140,000 loan

2/3/05 $73,000 loans

9/1/06 $1,050,109 sloppy refi of all the debt



Then..... the house got fired and started to collect unemployment (lazy-ass house!)



3/31/09 First default filed

9/29/09 House will go to auction



This bonehead had it all and blew it!!! Amazing!</blockquote>


Looks like they are dropping $100,000.00 every other month till it gets sold. Where do you think we find a buyer? Only time and a few hundred thousand will tell</blockquote>
A few more price drops and a fresh coat of neutral paint inside and this unemployed home may find itself a new owner.
 
This one had to hurt. Paid too much, dumped a bunch into the remodel and selling for a quick loss...smooth move ex-lax.



<a href="http://www.redfin.com/CA/Long-Beach/51-Angelo-Walk-90803/home/8113032">51 Angelo Walk</a>



Oct 23, 2009 Listed $1,089,000 -- CARETS #S593564

Jun 27, 2006 Sold $1,265,000
 
[quote author="morekaos" date=1256678296]This one had to hurt. Paid too much, dumped a bunch into the remodel and selling for a quick loss...smooth move ex-lax.



<a href="http://www.redfin.com/CA/Long-Beach/51-Angelo-Walk-90803/home/8113032">51 Angelo Walk</a>



Oct 23, 2009 Listed $1,089,000 -- CARETS #S593564

Jun 27, 2006 Sold $1,265,000</blockquote>
OMG! 2 bedroom, 1 bath, 1250 sq ft for $1,089,000?!?! $871 per sq ft?!?!
 
[quote author="awgee" date=1256682324][quote author="morekaos" date=1256678296]This one had to hurt. Paid too much, dumped a bunch into the remodel and selling for a quick loss...smooth move ex-lax.



<a href="http://www.redfin.com/CA/Long-Beach/51-Angelo-Walk-90803/home/8113032">51 Angelo Walk</a>



Oct 23, 2009 Listed $1,089,000 -- CARETS #S593564

Jun 27, 2006 Sold $1,265,000</blockquote>
OMG! 2 bedroom, 1 bath, 1250 sq ft for $1,089,000?!?! $871 per sq ft?!?!</blockquote>


The funniest part is this chump paid over $1000 a square foot AND dumped in the remodel costs. Ahh, the good old days of delusional 2006.
 
Well well, It looks like University Park is back in 2007 mode. Nice price hike Realtard.



<a href="http://www.redfin.com/CA/Long-Beach/6324-E-Mariquita-St-90803/home/7586667">6324 Marquita</a>



Oct 27, 2009 Price Changed $950,000 -- CARETS #P706090

Oct 06, 2009 Listed $899,000 -- CARETS #P706090



No bites for 22 days, selling season coming to a close, tax credits may not get extended....raise the price. That ought to start a bidding war. Brilliant!



Now here is a winning strategy albeit timid in its incriments it will eventually get the job done..



<a href="http://www.redfin.com/CA/Long-Beach/296-Monrovia-Ave-90803/home/7596863">296 Monrovia</a>



Oct 27, 2009 Price Changed $895,999 -- CARETS #P696687

Oct 19, 2009 Price Changed $915,000 -- CARETS #P696687

Oct 15, 2009 Price Changed $924,900 -- CARETS #P696687

Oct 12, 2009 Price Changed $949,900 -- CARETS #P696687

Sep 17, 2009 Price Changed $975,000 -- CARETS #P696687

Sep 09, 2009 Price Changed $995,000 -- CARETS #P696687

Jul 24, 2009 Listed $1,055,000 -- CARETS #P696687

Apr 28, 1989 Sold $340,000 -- Public Records
 
sad <a href="http://www.latimes.com/news/local/la-me-wilson-shooting1-2009nov01,0,3566754.story">story </a>coming out of Long Beach, Wilson High of all places this weekend... I didn't buy the gangster stories portrayed in the movie <a href="http://www.youtube.com/watch?v=MT0L1U-Rdj4">Freedom Writers</a>,, but... you gotta wonder, how safe is the school now...?
 
[quote author="roundcorners" date=1257123626]sad <a href="http://www.latimes.com/news/local/la-me-wilson-shooting1-2009nov01,0,3566754.story">story </a>coming out of Long Beach, Wilson High of all places this weekend... I didn't buy the gangster stories portrayed in the movie <a href="http://www.youtube.com/watch?v=MT0L1U-Rdj4">Freedom Writers</a>,, but... you gotta wonder, how safe is the school now...?</blockquote>




From what I have heard this is much more about Poly than Wilson. Yeah it happended after a Wilson game but they were playing Poly and most guess it is likely the Poly element that is what is in play here. I guess they aren't going to stop playing Poly anytime soon though. It is a shame. Wilson is a good school and is safe. This is an anomoly which is why it's big news in LB but it surely makes it hard to shed the already less than ideal image after this.



Very sad for this family.
 
Well, these two homes (I know, they are not exactly alike but are within a mile of each other) seem to be moving in the opposite directions.



<a href="http://www.redfin.com/CA/Long-Beach/5266-E-Appian-Way-90803/home/7596542">780M to 900M</a>



Nov 04, 2009 Listed $899,000 -- CARETS #P709784

Mar 23, 2005 Sold (Public Records) $780,000



<a href="http://www.redfin.com/CA/Long-Beach/315-Euclid-Ave-90814/home/7600034">900M to 780M</a>



Nov 05, 2009 Listed $789,000 -- CARETS #P709896

Sep 28, 2004 Sold (Public Records) $930,000





You think they waved as they passed by each other?
 
This house on Ultimo is back... can someone tell why it was just sold for $565? Auction? REO?



<a href="http://www.redfin.com/CA/Long-Beach/735-Ultimo-Ave-90804/home/7590930"><img src="http://media.cdn-redfin.com/photo/46/bigphoto/055/P710055_0.jpg" alt="" /></a>



Anyways.. a little close to PCH... but a good location...



BTW, your Club House is right across the street, you don't have to make reservations to use it; just like our IAC leasing office they have good coffee, cookies and a outdoor patio for large get-togethers too!! ^_^
 
[quote author="roundcorners" date=1257648955]This house on Ultimo is back... can someone tell why it was just sold for $565? Auction? REO?



<a href="http://www.redfin.com/CA/Long-Beach/735-Ultimo-Ave-90804/home/7590930"><img src="http://media.cdn-redfin.com/photo/46/bigphoto/055/P710055_0.jpg" alt="" /></a>



Anyways.. a little close to PCH... but a good location...



BTW, your Club House is right across the street, you don't have to make reservations to use it; just like our IAC leasing office they have good coffee, cookies and a outdoor patio for large get-togethers too!! ^_^</blockquote>




Either that house is staged or these folks moved in and went under. I am not sure. It was empty a few months ago



<a href="http://www.redfin.com/CA/Long-Beach/735-Ultimo-Ave-90804/home/7590930/socalmls-L29030">empty</a>



<a href="http://www.redfin.com/CA/Long-Beach/735-Ultimo-Ave-90804/home/7590930">full</a>



Ahhh, the smell of eggs and bacon every morning, what more could a guy ask for?
 
Just imagine the number of drunks puking in your rose bushes at 3 o'clock in the morning after having a Grand Slam breakfast.
 
[quote author="Geotpf" date=1257809060]Just imagine the number of drunks puking in your rose bushes at 3 o'clock in the morning after having a Grand Slam breakfast.</blockquote>


I mignt have trouble with those front seps but I think I could make the bathroom.
 
Now this is a price cut...albeit it long in coming but a sizable slice non the less.



<a href="http://www.redfin.com/CA/Long-Beach/14-66th-Pl-90803/home/7594511">Peninsula Duplex</a>



Nov 05, 2009 <span style="color: red;"><span style="font-size: 13px;">Price Changed $1,275,000 </span></span>-- CARETS #P695565

Jul 16, 2009 <span style="color: green;"><span style="font-size: 13px;">Listed $1,675,000 </span></span>
 
[quote author="morekaos" date=1257823600]Now this is a price cut...albeit it long in coming but a sizable slice non the less.



<a href="http://www.redfin.com/CA/Long-Beach/14-66th-Pl-90803/home/7594511">Peninsula Duplex</a>



Nov 05, 2009 <span style="color: red;"><span style="font-size: 13px;">Price Changed $1,275,000 </span></span>-- CARETS #P695565

Jul 16, 2009 <span style="color: green;"><span style="font-size: 13px;">Listed $1,675,000 </span></span></blockquote>


Still too much for a rental property (which is what a duplex is by default, unless you plan on living in one unit and renting out the other), although it's now close to the autocomps. Assuming the numbers in the listing are accurate (why does the unit that's twice the size only rent for $400 more?), it only brings in $5k a month, for a GRM of 255.
 
This is the first I have ever read for a listing in Belmont Shores...





Property Information



* Detached/No Common Walls

* Updated/Remodeled

* Land Lease Type: Fee

* Square Footage Source: Public Records

* No Mello-Roos Tax

* Tax Parcel Number: 7249018013

<strong> * Legal Disclosures: Federal Flood Zone</strong>



Great... global warming, here we come...! Sometimes during high tides, the water is maybe less than 10 feet from the top of the breakers... if you look down Bayshore crossing the bridge from Naples going to the Shore on 2nd street... case in point see below...



<img src="http://farm3.static.flickr.com/2733/4091828834_812df033a4_o.jpg" alt="" />
 
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