July 11, 2008
Bachelor Pad Sales In Playa Del Rey: $375K And Under
In Playa del Rey, there were two recent bachelor pad sales. Both went well under $400K. You don’t get a ton of space, but I would say if you’re a sun-loving single or a couple sans little ones, these homes won’t cramp your style. What you do get is proximity to the sand and amenities like a pool, spa, and tennis courts.
One of the sold properties was on 8675 Falmouth Ave., #214. This one-bedroom, one-bathroom pad sold for $375,000 and is a 686 square foot condo. It was priced right because it came on the market on May 4th and it sold a little over a month later on June 27th. The original asking price was $390,000.
The other recent bachelor pad sale was 7765 W. 91st St., #F114. This one sold for $312,500. This one-bedroom, one-bathroom condo has 718 square feet of space. The property came on the market on March 9th and sold on June 12th. The original listing price was $329,500.
Are you in the market for a cozy little condo by the sand? Here are a few more of the same - all under the 375K mark.
8635 Falmouth Ave., #307/1bd, 1bth/663 sq. ft./$329,000
7777 W. 91st St., #E1142/1bd, 1bth/718 sq. ft./$349,900
8148 Redlands St., #102/1bd, 1bth/689 sq. ft./$369,500


John Sheridan said:
I would expect they will go down even more seeing the mess IndyMac has caused.
July 14, 2008 11:54 PM
Christina Chan said:
Hi John-
I agree they’ll drop some more. I think the prices have been dropping steadily (even without this big IndyMac mess). But really, the percentage drops aren’t as much as people might think. For anyone who missed stats from earlier months, see this link.
http://losangeles.redfin.com/blog/2008/06/new_stats_from_dqnews_are_in_lax_update.html
July 15, 2008 9:18 AM