That property would be a steal in the Los Angeles area at $1M.
I live in a neighborhood of modest post-war, in need of a LOT of repair homes outside of Los Angeles, ≈ 1600 sq.ft.
You won’t find anything in this neighborhood under $1.5 million - and you’ll fight 14 other people to get it, as two of my new neighbors had to do. That, and you’ll be dumping a minimum of $100K to upgrade and repair the property (sold “as is”).
and you’ll be dumping a minimum of $100K to upgrade
and repair the property (sold “as is”).
*********
Life goes on for the living and they attempt to make
their money in many ways, legal or not. I spent some
time in NYC back in the mid 1960s at the behest of the
Federal Gov’t. I enjoyed it and especially all the free
events you could enjoy free as a member of the Military.
Wouldn’t want to live there as a permanent resident.
Which explains the exodus from CA to TX. Sell your 1,600 sq ft home that you've had for 30 years for millions, then retire to Texas and build a mini-South Fork and still have money left over.
Not sure how it is today, but 20 years ago when we were contemplating a move to the San Antonio area, we could get 1.5 times the house there that we had in the Lansing area.
Still regret not moving out of Michigan...