Wednesday, August 4, 2010
How About a 50% Haircut?
455 East OCEAN Blvd #1104, Long Beach, CA 90802
Sq. Ft.: 664
$/Sq. Ft.: $248
Year Built: 1923
Community: Downtown Area/Alamitos Beach
County: Los Angeles
On Redfin: 123 days
Description: Adorable 1 bed 1 bath condo on the 11 floor really cute kitchen, lots of storage, well laid out floor plan for the sq. footage, light and bright, shared balcony with a view of the Marina and the water. Located on the west side of the building overlooking the courtyard and the fountain. MUST SEE!
Ready for the money shot?
Purchase Price (9/2005): $330,000
Current Asking Price: $165,000
Loss Assuming Sale: $165,000
And considering the HOA fine is $300 per month and there's no parking, it would need another 50% reduction before I'd consider it.