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twintubdexter

twintubdexter

Well-known member
Joined
Aug 13, 2007
Messages
2,292
Location
Palm Springs
It's no surprise that California homes in many areas don't come cheap, but the asking price for this "fixer-upper" is totally insane...$475,000! It's on a standard-size lot, no acreage. In LA/Northridge...still shakin years after the quake.

 

Number 1 on the list of tools needed for remodeling...a bulldozer.

[this post was last edited: 1/31/2016-17:41]

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Truthfully

Donalds Dad, who at 83 is still flipping houses, had one a couple of years ago that was worse, when he got done it looked like a million bucks, He bought it for about 10,000 spent probably 15 or 20 thousand on it, and I think sold it for over a hundred.I would have given it to the fire dept to burn down!!LOL
 
Makes all the crapholes we looked at just as the market tanked in summer of 12 look like clean move in ready houses.
None I looked at were over 130k and the one I finally bought was 115900 with almost everything redone or new.
The market there is insane and I'm glad I bought when I did and no where close to that area.
Mine is a manufactured 1400sf home on its own lot in a reasonably nice older neighborhood. Many do just buy and flatten to build something else, even here, they usually devide the lot and put up townhouses or tall skinny mc mansions on the tiny narrow lots they make.
 
Yes someone put it right after seeing the REST of this-the bulldozer and wrecking ball would be the best tools here.Start anew!!!!I WOULD love to run the 'dozer and demo excavator on THIS!!!
 
The old house is pretty far gone, there has been settling on the front, probably a do it yourself addition years ago. I believe somebody very elderly most likely male lived alone there for many years. I see neglect, grease and dirt not the total trashing seen in rentals. The upswing real estate cycles for many decades were missed. It was someone's home and they did not want to leave. If they are not deceased, they are in a nursing home with a lien against the property by the state. Just my 2 cents. I think it is more representative of a time capsule than many would think.
 
real estate

The price of real estate in California is staggering!!!! This would have to be torn down and a new home built. Which I guess is being done a lot there. So the price would really just reflect the land alone. Amazing that land is at such a premium in sunny California.
 
Not surprised. It made it through the 1994 quake, so it can't be all bad. Maybe someone can convert this back into the garage it once was. I lived there, next to Cal State U.

Still, foreign money (cash buyers) flooding into some markets in the U.S., like L.A. and SanFrancisco has basically pushed out all entry level buyers. There is no inventory. And Northridge is nothing special. It's not like there is any beach or 'view' anywhere in Northridge. AND, we know it has an earthquake fault underneath.
Its crazy to actually want to be there, especially considering the damage that can happen in a matter of seconds.
Northridge Fashion Center Mall 1994

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Well we have made the determination that the property-chunk of dirt that "house" sits on is worth more than that building itself-use the "Cat" "Eraser" and start over!A Cat excator with demolition bucket could help!And would be FUN!!
 
Is an abandoned house a "greyfield" out there. I know for some commercial properties there are a lot of tax incentives to redevelop a wreck. Also the bonus of existing utilities on the lot.
 
Obviously the article I "lifted" these photos from was done to produce shock value. California's a big state and there are still many attractively priced homes around. I recently watched a real estate program that featured several very nice, fairly new homes in gated communities here in the Palm Springs area around $250,000. It is sad to think that if that house above were in Ralph's (rp2813) neighborhood the price would be a great deal more than $475K. 

 
 
Twin - real estate was always pricey in that area. I lived near Northridge - Canoga Park and Woodland Hills. I never saw anything quite as bad looking as this house. Though not in San Fernando Valley, as an example of how homes are valued, our friends live a mile from Redondo Beach - just a modest 2-bedroom house that they've done very little to over the past 40 years. A home in lesser condition than theirs, behind them, was listed as "newly renovated." Upon closer examination, it was a mess; leaky water hookup from main line to house, floppy loose cement pad(s), bad framework on front door (that always makes an impression!), etc. It listed for $800,000 and sold for $760,000 early last year, 2015. But what is commonly done, you know what's coming....they tear down the ranch and build a multi-story because the lot sizes are fairly generous in this area of Redondo Beach.

Sure surprised me - what a house. Flipping houses at age 81? There's hope yet.

Phil



It actually sold for $760K and was listed close to $800K
 

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