A Peek at the State of the Los Angeles Real Estate Market
Take a look at the this ramshackle home (if you can even call it a “home”) which we’re going to use to demonstrate to you the current state of the real estate market in Los Angeles. Not that we need to point this out, but you’ll notice mold, grime, and decay throughout, and essentially a space that’s completely unlivable. Yuck. But then again, it’s Los Angeles, right? Well, Northridge, to be exact, which is a suburb just north of LA in the San Fernando Valley, otherwise infamous for the devastating 1994 Northridge magnitude 6.7 earthquake. In any case, the price tag might “shake” you just the same, as it’s listed for sale for a whopping $475,000. Yes that’s right, for a little under half-a-million, you could move in tomorrow! But be careful folks, don’t trample over each other trying to be the first one there to get this steal of a deal! Check out these photos (though not while you’re eating please), and share your thoughts on our Facebook page!
Even the sellers know the house is a disaster, but they are still asking $475,000 for it, according to the listing on Coldwell Banker. The home, located at 16652 Itasca St., in the Northridge area of Los Angeles, is listed as a “contractor’s special,” on Coldwell. “This home needs a complete rehab. The pictures say everything except for the fact that this home is located at the back of a cul de sac in a wonderful well-maintained neighborhood. This is truly the worst home in the best neighborhood,” the listing reads. Everything left on the property comes with the home including an old stove and dishwasher, according to the listing. Buyers would have to tackle a deteriorating home exterior as well as cleanup of the property, according to Coldwell.
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