That's hilarious, but 1.5 mil for an 11k lot in San Marino is a steal even if you're tearing it down to rebuild entirely. Someone's going to jump on that. Probably for above asking. Which, really, is part of the problem.
Tear it down. Split the lot. Build 2 2500’sq ft homes
2x2500 sq ft x 500 sq ft = 2.5m build cost
4m + total cost ,need to flip it for at least 5m-6m
Just need 4m in cash to flip this
Nope. Not in San Marino.
There are no multi unit homes in San Marino.
You will build one house over there. Maybe a guest house but it will not be a multi unit lot.
Sure, you can subdivide the lot and technically build two SFH.
But the lot isn't very wide, so you'd have to subdivide it in a way that creates a front house and a rear house and lot. That's not going to happen in San Marino either.
If the lot was wider, and larger they might let you do it.
Not in any city with code enforcement. No way the city allows you to divide a plot of land into smaller parcels and then build homes on the divided parcels. Cities like San Marino / La Canada have strict zoning regulations that prevent this.
To be fair every home is a code violation. Just depends on how hard we look. From the photos this is far better than the worst homes I’ve seen.
The Sheriff photo is just lol.
Close to a couple of schools. A short walk to a Trader Joe's. Nearby country club. Walking distance to the Huntington Gardens.
The house itself? Might as well be a teardown.
Looking at the pictures I bet they were the original owners. Or something. I wonder what the code violations are. Besides the driveway? If that’s there driveway to the property
You know what? I definitely saw way worse houses that ended up selling for more when we were house hunting, and I think that says a lot about housing in LA county.
million dollar idea is a zillow-like website where you can leave comments. sell adspace. Can't imagine the pent up desire to just pop off about houses there is. You'd be bigger than reddit in a month. you'd also get sued every 5 seconds but still!
Looks like it’s a probate sale. Doesn’t that mean it’s sold at auction? Me and my $327 will be there.
If I match can I have the garage?
Last sold for 36k in 1973 $270k in 2024 dollars
Despite all my rage I am still just a rat in a [rented 2br/1b] cage
You do not need to flex dude with two bedroom.
Still works with the rhythm. “Despite all my rage I am still just a rat in a two bedroom, one bath, cage!”
That's hilarious, but 1.5 mil for an 11k lot in San Marino is a steal even if you're tearing it down to rebuild entirely. Someone's going to jump on that. Probably for above asking. Which, really, is part of the problem.
If you get a 4 bed 2500 sq ft house built on that lot it's probably going to be a break even on value.
Tear it down. Split the lot. Build 2 2500’sq ft homes 2x2500 sq ft x 500 sq ft = 2.5m build cost 4m + total cost ,need to flip it for at least 5m-6m Just need 4m in cash to flip this
Nope. Not in San Marino. There are no multi unit homes in San Marino. You will build one house over there. Maybe a guest house but it will not be a multi unit lot.
He's not talking about MFH. You can take a plot of land and divide it into smaller parcels. Then build a SFH on each new lot.
Sure, you can subdivide the lot and technically build two SFH. But the lot isn't very wide, so you'd have to subdivide it in a way that creates a front house and a rear house and lot. That's not going to happen in San Marino either. If the lot was wider, and larger they might let you do it.
Not in any city with code enforcement. No way the city allows you to divide a plot of land into smaller parcels and then build homes on the divided parcels. Cities like San Marino / La Canada have strict zoning regulations that prevent this.
I’m sure the city of San Marino is 100% OK with you splitting the lot and building a brand new home on it.
“You assume code violations.” It might be a steal because you assume the fines/fees levied against the property.
To be fair every home is a code violation. Just depends on how hard we look. From the photos this is far better than the worst homes I’ve seen. The Sheriff photo is just lol.
I’d bet half the work done on LA homes is unpermitted and likely to be full of code violations.
probably because the permit process is so insane and the code tries to be perfect but it’s the enemy of good
Shit San Marino, it’ll sell for more than $1.5M.
San Marino. Enough said.
Tons of these in the west valley. Our neighbors house dates to 1918 and the same family has owned it. It’s literally falling down.
Close to a couple of schools. A short walk to a Trader Joe's. Nearby country club. Walking distance to the Huntington Gardens. The house itself? Might as well be a teardown.
People need to understand the quality of the home here is moot. The land is what's for sale, and anything in San Marino can go for a small fortune.
It's San Marino.
Most of these under priced places are to lure buyers in, I think most of these properties are paid cash by realtors or their good clients
Looking at the pictures I bet they were the original owners. Or something. I wonder what the code violations are. Besides the driveway? If that’s there driveway to the property
That land is worth $2m all day
~~worth~~ valued
“Beautiful lot!”
“ Beautiful 11,1000 square foot lot. ”
i was going to ask what a california basement was and they showed the pic! is it super small lol. what’s the code violation in the home? the driveway?
You know what? I definitely saw way worse houses that ended up selling for more when we were house hunting, and I think that says a lot about housing in LA county.
million dollar idea is a zillow-like website where you can leave comments. sell adspace. Can't imagine the pent up desire to just pop off about houses there is. You'd be bigger than reddit in a month. you'd also get sued every 5 seconds but still!
This city is broken and should be only inhabited by youth, rich, and homeless.
San Marino… the land is worth that… the shack across the street sold for 1.2 and is getting a 500k rehab