Fine LA adjacent housing for only $500,000!

[d_marsh]

If you wanna live near Los Angeles, you can buy half a house, crushed by a tree, for half a million dollars
https://notthebee.com/articles/HarrisRigby
·Sep 4, 2024 · NottheBee.com

I knew that housing in Los Angeles was ridiculous, but this seems cruel.

Yes, this is real.
You can buy THIS house for $499,999.

Newly listed for sale in Southern California's notoriously pricey realty market: half a house for half a million dollars.
The one-bedroom, one-bathroom bungalow in suburban Monrovia, northeast of Los Angeles, was crushed by a tree in May with two renters and two dogs inside. There were no injuries, but a fence and most of the roof were mangled.

I ... I can't.​

This was the house before the tree fell (for some reason they didn't get this leaning monster removed before it demolished the place):

Listing agent Kevin Wheeler quipped to the Los Angeles Times that it's an 'open-concept floor plan.'

This agent, well, he's doing his job. He can't help but try to make lemonade out of this lemon.

Monrovia regulations state that demolitions on properties more than 50 years old, which the house is, require a review. But since it was destroyed by what's known as an act of God, a review isn't required, according to Wheeler. So house-hunters can buy what's left of the home and fix it up without dealing with some of the red tape typically required during rebuilds.
'There's been a lot of interest so far because demand is so high and inventory, especially at this price, is so low,' Wheeler told the Times.

It's a fixer-upper, but hey, at least there's no red tape!

https://notthebee.com/article/if-yo...-crushed-by-a-tree-for-half-a-million-dollars

And no power, no ceiling, no walls ...​

But for half a million bucks, it's a steal for LA.

 

[teeceetx]

Someone will buy it!

As I've said many times, there is far too much mental illness in this country.

 

[SoJer]

...Yes, this is real.
You can buy THIS house for $499,999.

Hmm.. Does it come with that badass 1975 'Emergency One Squad Van' / ShagginWagon? No? well, then Pass, I guess..

RIP, Zommefornia..
jd

 

[Mountain trapper]

1 bedroom, 1 bath? No roof, power, ceilings, walls? So it's just a building lot.
I wouldn't want if it was free, or even if they paid me to take it.

 

[SoJer]

..I wouldn't want if it was free, or even if they paid me to take it.

Srsly? Hell, I would! Flip that sucker, then go buy a nice chunk of Real Living in MT, ID or AK!

jd

 

[Mountain trapper]

Srsly? Hell, I would! Flip that sucker, then go buy a nice chunk of Real Living in MT, ID or AK!

jd

But I already have a large chunk of land in one of those states that you mentioned. Also lived in Alaska for a number of years.
I really don't need money bad enough to ever go to southern California. I'm sure that someone will make some good $$ off that place though.

 

[Caribou]

The floor appears to be rotten wood built on a slab, the the rest of the floor is bad also. Looking at the neighbors I wouldn’t want to live there, even if the lots weren’t the size of a trailer pad.

 

[Amish Heart]

I'm not surprised at the price. When my sis was visiting, we had a fun time remembering all our old growing up addresses. The earliest one I remember (I was about 5 yrs old) was in East Side San Jose, Ca. Home of the lowriders. Only white people on the block. My mom was divorced and had four daughters and it's what she could afford. The place was a total dump, and she fixed it up, but it was still dumpy. Not a good place to live. So we looked up 10240 Ryan St in San Jose. The 900 sq ft dump in a terribly sketchy part of town in California is $830K on zillow. Ha Ha. It's really like a shack.

 

[Weedygarden]

Location, location, location!

If you bought that, you'd actually be buying the lot, the land. The actual home in that condition has a negative value. You would have to remove it or at least rebuild it to live there. Land in cities can be unbelievable, but LA has been outrageously priced for decades.

 

[Weedygarden]

If you wanna live near Los Angeles, you can buy half a house, crushed by a tree, for half a million dollars
https://notthebee.com/articles/HarrisRigby
·Sep 4, 2024 · NottheBee.com

I knew that housing in Los Angeles was ridiculous, but this seems cruel.

Yes, this is real.
You can buy THIS house for $499,999.

I ... I can't.​

This was the house before the tree fell (for some reason they didn't get this leaning monster removed before it demolished the place):

This agent, well, he's doing his job. He can't help but try to make lemonade out of this lemon.


It's a fixer-upper, but hey, at least there's no red tape!

https://notthebee.com/article/if-yo...-crushed-by-a-tree-for-half-a-million-dollars

And no power, no ceiling, no walls ...​

But for half a million bucks, it's a steal for LA.

I had one of those leaning trees in my yard, but it didn't lean over my house. It leaned over the neighbors house! I had it taken down and a year or two later we had one of those horrific storms that did lots of damage. More than 200 homes were declared unfit to live in. Getting that hollow maple removed was worth every penny.

I've spent some money getting rid of trees that were weeds (Tree of Heaven, elm, or hollow maples) or otherwise disasters waiting to happen. One summer I had around 15 self planted elm roots left to dig out. Holes were deep and I hurt my back and had to crawl into the house and lay on the couch for a week in the process. Just chopping off the tree close to the ground didn't help. The roots kept growing.

 

[SoJer]

But I already have a large chunk of land in one of those states...really don't need money bad enough to ever go to southern California...

Fair 'nuff, but I don't think ya'd Have to "Go there" to tend to a Sale.. Plenty of decent-enough agents capable of selling it 'in yer stead', for a chunk 'er so.. Heck - even if it Cost ya $100K to move it (which would be Quite-decent 'commission') .. Ya'd still walk away with enough to buy a Nice chonk somewhere in MT, for example.. I know that area Very well, and yah - it won't take long to move, even in that Condition.. I'd take that hot mess for Free in a heartbeat..

..I mean, as long as we're playing 'Fantasy Football', here..

jd

 

[old tex]

I know that sound shocking but it does happen. My folks lived in a nice neighborhood in Houston & a storm dropped 2 huge oak trees in their yard. One "grazed" the front bedroom & the other landed squarely on the roof. The final insurance clam came to about $180,000. They, being older didn't want to deal with the mess. While dealing with the insurance companies for a couple of months they got builders wanting to fix it but also something like 4 offers to buy it as is. That was a fairly expensive area & there were no vacant lots left to build on. In the end they sold it to a person wanting to live in that area for about $400,000.

It all comes down to location more than anything else.

 

[UserNameTaken]

Does the firewood come with it?

Here's an even better deal.

Your own little piece of heaven, only about 30 miles from me, right in the middle of hell on earth.

A shed in the Wasteland for $65,000.

 

[Mountain trapper]

Fair 'nuff, but I don't think ya'd Have to "Go there" to tend to a Sale.. Plenty of decent-enough agents capable of selling it 'in yer stead', for a chunk 'er so.. Heck - even if it Cost ya $100K to move it (which would be Quite-decent 'commission') .. Ya'd still walk away with enough to buy a Nice chonk somewhere in MT, for example.. I know that area Very well, and yah - it won't take long to move, even in that Condition.. I'd take that hot mess for Free in a heartbeat..

..I mean, as long as we're playing 'Fantasy Football', here..

jd

For another 2 mil I'd consider selling my place in the mountains. No neighbors and surrounded by over a million acres of national forest lands.

 

[Weedygarden]

Does the firewood come with it?

Here's an even better deal.

Your own little piece of heaven, only about 30 miles from me, right in the middle of hell on earth.

A shed in the Wasteland for $65,000.

View attachment 161442

How much land comes with that "house?"

No bath, but a satellite dish. Some people's priorities are different than mine. Maybe the satellite keeps them online and allows them to have cell service?

 

[SoJer]

For another 2 mil I'd consider selling my place in the mountains...

Welp.. I always heard that 'All ya need is a Dollar and a Dream', so... Hrmmm..

...Here's an even better deal.

View attachment 161442

Huh..



..Well, dag burnit, Sorry Unkle Jessie.. (PS - they'dve been So Dead, Lol!

PPS - Daisy was Hawt..

jd