“1.6 M will get you a decent lot with a 2 bedroom / 1 bath “teardown” around here.”
That is obscene! My house, a 5,000 sq ft ranch, with another 1,500 sq ft of finished living space has more square footage than the ‘decent lot’ that comes with this pos real estate. My living room has 2/3’s the sq footage of this house. And finally, why in H3ll does anyone still want to live in Kalifornia?
Beach is 4 blocks away; very good school, shopping, restaurants, etc all walking distance. Very low crime. The town is still a great place, though I can't say the same for the rest of LA county or the State.
But for real obscene - check out this nearby charming 3,400 square foot beach cottage - now reduced to only $16.9 million - and also being sold as a "teardown"