Long Beach (Live in the LBC)

NEW -> Contingent Buyer Assistance Program
[quote author="morekaos"]Where do you think this one goes out the door at? The owners are incrementally, excruciatingly moving the price lower every other week. This is like a slow, back wards auction. Where will the gavel drop?

http://www.redfin.com/CA/Long-Beach/296-Monrovia-Ave-90803/home/7596863

Dec 02, 2009 Price Changed $879,999 -- SoCalMLS #P696687
Nov 17, 2009 Price Changed $890,000 -- SoCalMLS #P696687
Nov 12, 2009 Price Changed $892,500 -- SoCalMLS #P696687
Nov 09, 2009 Price Changed $895,000 -- SoCalMLS #P696687
Oct 27, 2009 Price Changed $895,999 -- SoCalMLS #P696687
Oct 19, 2009 Price Changed $915,000 -- SoCalMLS #P696687
Oct 15, 2009 Price Changed $924,900 -- SoCalMLS #P696687
Oct 12, 2009 Price Changed $949,900 -- SoCalMLS #P696687
Sep 17, 2009 Price Changed $975,000 -- SoCalMLS #P696687
Sep 09, 2009 Price Changed $995,000 -- SoCalMLS #P696687
Jul 24, 2009 Listed $1,055,000 -- SoCalMLS #P696687
[/quote]

I have to have to hand it to him, he has a plan and he is implementing it. The suspense is killing me! Where will a buyer be found?

Dec 21, 2009 Price Changed $865,000 -- SoCalMLS #P696687
Dec 14, 2009 Price Changed $875,000 -- SoCalMLS #P696687
Dec 02, 2009 Price Changed $879,999 -- SoCalMLS #P696687
Nov 17, 2009 Price Changed $890,000 -- SoCalMLS #P696687
Nov 12, 2009 Price Changed $892,500 -- SoCalMLS #P696687
Nov 09, 2009 Price Changed $895,000 -- SoCalMLS #P696687
Oct 27, 2009 Price Changed $895,999 -- SoCalMLS #P696687
Oct 19, 2009 Price Changed $915,000 -- SoCalMLS #P696687
Oct 15, 2009 Price Changed $924,900 -- SoCalMLS #P696687
Oct 12, 2009 Price Changed $949,900 -- SoCalMLS #P696687
Sep 17, 2009 Price Changed $975,000 -- SoCalMLS #P696687
Sep 09, 2009 Price Changed $995,000 -- SoCalMLS #P696687
Jul 24, 2009 Listed $1,055,000 -- SoCalMLS #P696687
 
I don't think he will find a buyer till he stops those incremental price drops. If I am the buyer, I would think that this owner will accept an even lower price, or will drop it further in a week.. wouldn't hurry at all to lock in a price.
 
[quote author="morekaos"]
[quote author="morekaos"]Where do you think this one goes out the door at? The owners are incrementally, excruciatingly moving the price lower every other week. This is like a slow, back wards auction. Where will the gavel drop?

http://www.redfin.com/CA/Long-Beach/296-Monrovia-Ave-90803/home/7596863

Dec 02, 2009 Price Changed $879,999 -- SoCalMLS #P696687
Nov 17, 2009 Price Changed $890,000 -- SoCalMLS #P696687
Nov 12, 2009 Price Changed $892,500 -- SoCalMLS #P696687
Nov 09, 2009 Price Changed $895,000 -- SoCalMLS #P696687
Oct 27, 2009 Price Changed $895,999 -- SoCalMLS #P696687
Oct 19, 2009 Price Changed $915,000 -- SoCalMLS #P696687
Oct 15, 2009 Price Changed $924,900 -- SoCalMLS #P696687
Oct 12, 2009 Price Changed $949,900 -- SoCalMLS #P696687
Sep 17, 2009 Price Changed $975,000 -- SoCalMLS #P696687
Sep 09, 2009 Price Changed $995,000 -- SoCalMLS #P696687
Jul 24, 2009 Listed $1,055,000 -- SoCalMLS #P696687
[/quote]

I have to have to hand it to him, he has a plan and he is implementing it. The suspense is killing me! Where will a buyer be found?

Dec 21, 2009 Price Changed $865,000 -- SoCalMLS #P696687
Dec 14, 2009 Price Changed $875,000 -- SoCalMLS #P696687
Dec 02, 2009 Price Changed $879,999 -- SoCalMLS #P696687
Nov 17, 2009 Price Changed $890,000 -- SoCalMLS #P696687
Nov 12, 2009 Price Changed $892,500 -- SoCalMLS #P696687
Nov 09, 2009 Price Changed $895,000 -- SoCalMLS #P696687
Oct 27, 2009 Price Changed $895,999 -- SoCalMLS #P696687
Oct 19, 2009 Price Changed $915,000 -- SoCalMLS #P696687
Oct 15, 2009 Price Changed $924,900 -- SoCalMLS #P696687
Oct 12, 2009 Price Changed $949,900 -- SoCalMLS #P696687
Sep 17, 2009 Price Changed $975,000 -- SoCalMLS #P696687
Sep 09, 2009 Price Changed $995,000 -- SoCalMLS #P696687
Jul 24, 2009 Listed $1,055,000 -- SoCalMLS #P696687
[/quote]
The buyer will pick this up for under $700k.
 
these are my ideal LBC upgrades...

P701487_16_0.jpg

http://www.redfin.com/CA/Long-Beach/261-Grand-Ave-90803/home/7600080

C09117126_11_0.jpg

http://www.redfin.com/CA/Long-Beach/219-Belmont-Ave-90803/home/7601529

a piece of Irvine in the LBC...
 
[quote author="roundcorners"]Another house right off 2nd Street on the alley... should go fairly fast, with the upgrades... Shorehouse Cafe is your kitchen... just be ready for those drunk LBC peeps at 3 in the morning...!

P714820_3.jpg

http://www.redfin.com/CA/Long-Beach/205-La-Verne-Ave-90803/home/7597227[/quote]


Dec 18, 2009 Listed $649,990 -- SoCalMLS #P714820
Aug 17, 2005 Sold (Public Records) $790,000 17.7%/yr Public Records
Apr 15, 2004 Sold (Public Records) $635,000 23.7%/yr Public Records

Wow, look at that hit. We are back to 2004!!! What a decade.
 
^^^ Being behind a retail strip (gawd freakin awful noisy garbage trucks every dang day), and being priced at 2004 prices... Maybe it will go fast, but I think buyers are more picky about location these days. But I could be wrong. And... FWIW, that is the nicest house under a 1000 sqft. I have seen in a long time. TIC, please take note. Nevermind, you couldn't build something of this quality... ever.

And I do believe that home would be BK approved. It has faults, (can you find them?), but they are minor.
 
[quote author="graphrix"]And I do believe that home would be BK approved. It has faults, (can you find them?), but they are minor.[/quote]

I'll try from memory:
- the cooktop is not in a commanding position in the kitchen. Would need to remedy with a reflective device above the range.
- the distance from the range to the sink is too far. When transporting your pot of noodles for draining, you might spill the water and slip on the floor.
- the love seat in the living room lacks defensible space.
- the desk in one bedroom is also not in the commanding position and is blocking a window as well.

The photos of the bedrooms are too small for me to make out so that's all I've got.
 
[quote author="USCTrojanCPA"]Nice upgrades, but the property is overpriced for what it is....a small apartment sized home.[/quote]

At $678.00 a square foot..yah, this ain't no Dana Pointe, private beach, water front.
 
Alright, this is a pretty cool little house but c'mon 255 days on the market and not one price reduction? Sue LaBounty is usually a pretty good agent. Maybe this is her house?

http://www.redfin.com/CA/Long-Beach/221-Ravenna-Dr-90803/home/7593266

Apr 23, 2009 Listed $799,000 -- SoCalMLS #S571985
Mar 28, 2003 Sold (Public Records) $635,000 12.5%/yr Public Records
Mar 24, 2000 Sold (Public Records) $445,000 16.4%/yr Public Records
Jul 23, 1998 Sold (Public Records) $345,000 -- Public Records
 
don't listing agents who have an interest in a property have to disclose that in the "legal" section of the MLS listing in CA?
 
I was just kidding with that remark, I am sure she would be obligated to report her ownership. I just can't believe she has not talked the owners off the cliff. While they sit in dreamland counting their imaginary money this house sits and sits and sits.
 
[quote author="FreedomCM"]don't listing agents who have an interest in a property have to disclose that in the "legal" section of the MLS listing in CA?[/quote]
Yes they do, that information is disclosed in the private agent-to-agent comments that the general public can not see.
 
[quote author="morekaos"]Alright, this is a pretty cool little house but c'mon 255 days on the market and not one price reduction? Sue LaBounty is usually a pretty good agent. Maybe this is her house?

http://www.redfin.com/CA/Long-Beach/221-Ravenna-Dr-90803/home/7593266

Apr 23, 2009 Listed $799,000 -- SoCalMLS #S571985
Mar 28, 2003 Sold (Public Records) $635,000 12.5%/yr Public Records
Mar 24, 2000 Sold (Public Records) $445,000 16.4%/yr Public Records
Jul 23, 1998 Sold (Public Records) $345,000 -- Public Records
[/quote]
Sue does not own this home. Although it is tenant occupied. Here are the agent-to-agent comments:

"*** Tenants currently occupy the home and have requested at least 24 hours notice for showings. Please call Sue at 562-XXX-XXXX or 562-XXX-XXXX for appointment. ***Please make sure that ALL GATES ARE PROPERLY CLOSED so dog does not escape, tenants would be devestated if their dog got out**** Thank you for showing."
 
[quote author="morekaos"]Whoa! Backup Buckaroo. You buy this home, probably the DAY of the market peak, live large for a few years and think you can demand $664.00 a square foot and get out with most of your skin during the worst housing market since the Depression? Not likely but your agent is obviously not going to stop you from trying.

http://www.redfin.com/CA/Long-Beach/172-Pomona-Ave-90803/home/7593781

Good luck with that[/quote]

I suppose the first price was a misprint. This property now shows an ask price of $795...nevermind

Jan 04, 2010 Price Changed $795,000 -- SoCalMLS #P716020
Jan 04, 2010 Listed $1,150,000 -- SoCalMLS #P716020
Jun 01, 2006 Sold (Public Records) $1,179,000 23.4%/yr Public Records
Feb 14, 2003 Sold (Public Records) $590,000 -- Public Records
 
BAHAAHAHAHAHAHAHAHAHAH!!! Oh, my side is hurting. I have to clean the cofee off my screen.

http://www.zillow.com/homedetails/53-Corinthian-Walk-Long-Beach-CA-90803/21216834_zpid/

53 Corinthian Walk Long Beach CA 90803 2 beds, 1.0 baths, 1,008 sq ft

For Sale: $1,050,000.oo <!-- s:o -->:o<!-- s:o -->

$1,041.67 a square foot!!! Could this be yet another realtards fat thumbs hitting the wrong keys? Is this the same place that went for $869,000 in December? So many questions.

http://www.redfin.com/CA/Long-Beach/53-Corinthian-Walk-90803/home/7593615
 
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