Long Beach general thread

I don't think there has been a house of this size under a mil on the "Peninsula" in quite awhile....hope rings eternal though
 
<a href="http://www.redfin.com/CA/Long-Beach/238-Mira-Mar-Ave-90803/home/7600630/socalmls-P700337?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">$130,000 price reduction </a>



<strong>$130,000 price reduction - sellers motivated!</strong> This beautiful home and guest house is located in the 'Belmont Heights' section of Long Beach.





Sep 05, 2009 <span style="color: red;"><strong>Price Changed $995,000 </strong></span>-- SoCalMLS #P700345

Aug 22, 2009 <span style="color: green;"><strong>Listed $1,025,000 </strong></span>-- SoCalMLS #P700345

Sep 18, 2003 Sold $880,000 13.1%/yr Public Records

Aug 17, 1993 Sold $255,000 -- Public Records



Your Realtard better get out his abacus because that looks to be a $30,000.00 reduction on this Mud Hut. I think he got too excited and "accidentally" hit too many zero's in that description.
 
[quote author="morekaos" date=1253049824]<a href="http://www.redfin.com/CA/Long-Beach/238-Mira-Mar-Ave-90803/home/7600630/socalmls-P700337?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">$130,000 price reduction </a>



<strong>$130,000 price reduction - sellers motivated!</strong> This beautiful home and guest house is located in the 'Belmont Heights' section of Long Beach.





Sep 05, 2009 <span style="color: red;"><strong>Price Changed $995,000 </strong></span>-- SoCalMLS #P700345

Aug 22, 2009 <span style="color: green;"><strong>Listed $1,025,000 </strong></span>-- SoCalMLS #P700345

Sep 18, 2003 Sold $880,000 13.1%/yr Public Records

Aug 17, 1993 Sold $255,000 -- Public Records



Your Realtard better get out his abacus because that looks to be a $30,000.00 reduction on this Mud Hut. I think he got too excited and "accidentally" hit too many zero's in that description.</blockquote>
Too bad the real estate exam doesn't even test basic math skills.
 
[quote author="morekaos" date=1252059527][quote author="morekaos" date=1243545023][quote author="morekaos" date=1234345269]It was bound to happen. Folks, we have our first WATERFRONT forclosure on the island. I just walked by this empty house and read the forclosure notice on the door.



<a href="http://www.redfin.com/CA/Long-Beach/5743-E-Corso-Di-Napoli-90803/home/7592791">Naples waterfront </a></blockquote>


It's back. After a brief vacation for the last three months in bank REO Hell this waterfront home is back on the market with a new and improved 2006 price tag.



<a href="http://www.redfin.com/CA/Long-Beach/Undisclosed-address-90803/home/7592791?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">Price: $1,900,000 </a></blockquote>


Well, now we know why this places got foreclosed on. Freshly posted interior shots show the extent of the damage. Still...nice view and a 40 foot dock.</blockquote>


..And the winner is......The Bank!!! 1.55 million dollars. GMAC executive will be moving in next week and having parties there.
 
[quote author="morekaos" date=1253093906][quote author="morekaos" date=1252059527][quote author="morekaos" date=1243545023][quote author="morekaos" date=1234345269]It was bound to happen. Folks, we have our first WATERFRONT forclosure on the island. I just walked by this empty house and read the forclosure notice on the door.



<a href="http://www.redfin.com/CA/Long-Beach/5743-E-Corso-Di-Napoli-90803/home/7592791">Naples waterfront </a></blockquote>


It's back. After a brief vacation for the last three months in bank REO Hell this waterfront home is back on the market with a new and improved 2006 price tag.



<a href="http://www.redfin.com/CA/Long-Beach/Undisclosed-address-90803/home/7592791?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">Price: $1,900,000 </a></blockquote>


Well, now we know why this places got foreclosed on. Freshly posted interior shots show the extent of the damage. Still...nice view and a 40 foot dock.</blockquote>


..And the winner is......The Bank!!! 1.55 million dollars. GMAC executive will be moving in next week and having parties there.</blockquote>


rumor has it that it is already in escrow for $1.8. That is pretty quick. Obviously the location is A+ but it is a house without an interior.
 
[quote author="morekaos" date=1253093906][quote author="morekaos" date=1252059527][quote author="morekaos" date=1243545023][quote author="morekaos" date=1234345269]It was bound to happen. Folks, we have our first WATERFRONT forclosure on the island. I just walked by this empty house and read the forclosure notice on the door.



<a href="http://www.redfin.com/CA/Long-Beach/5743-E-Corso-Di-Napoli-90803/home/7592791">Naples waterfront </a></blockquote>


It's back. After a brief vacation for the last three months in bank REO Hell this waterfront home is back on the market with a new and improved 2006 price tag.



<a href="http://www.redfin.com/CA/Long-Beach/Undisclosed-address-90803/home/7592791?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">Price: $1,900,000 </a></blockquote>


Well, now we know why this places got foreclosed on. Freshly posted interior shots show the extent of the damage. Still...nice view and a 40 foot dock.</blockquote>


..And the winner is......The Bank!!! 1.55 million dollars. GMAC executive will be moving in next week and having parties there.</blockquote>
Sweet, anything that you can do so I'll get the invites to the parties???
 
[quote author="not a realtor" date=1253096326][quote author="morekaos" date=1253093906][quote author="morekaos" date=1252059527][quote author="morekaos" date=1243545023][quote author="morekaos" date=1234345269]It was bound to happen. Folks, we have our first WATERFRONT forclosure on the island. I just walked by this empty house and read the forclosure notice on the door.



<a href="http://www.redfin.com/CA/Long-Beach/5743-E-Corso-Di-Napoli-90803/home/7592791">Naples waterfront </a></blockquote>


It's back. After a brief vacation for the last three months in bank REO Hell this waterfront home is back on the market with a new and improved 2006 price tag.



<a href="http://www.redfin.com/CA/Long-Beach/Undisclosed-address-90803/home/7592791?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1">Price: $1,900,000 </a></blockquote>


Well, now we know why this places got foreclosed on. Freshly posted interior shots show the extent of the damage. Still...nice view and a 40 foot dock.</blockquote>


..And the winner is......The Bank!!! 1.55 million dollars. GMAC executive will be moving in next week and having parties there.</blockquote>


rumor has it that it is already in escrow for $1.8. That is pretty quick. Obviously the location is A+ but it is a house without an interior.</blockquote>
Homeboy should have manned up with $1.55m in cash in a suitcase and picked it up at a discount on the steps of the courthouse.
 
Well after 554 days on the market Viki Lawrence has finally succumbed to the idea that $3.5 million dollars was a bit too much for her (admittedly nice) house. Today she lopped off a cool Half Mil. That had to sting. She held out for so long I am sure this was a painful (like amputating a hand) capitulation.



<a href="http://www.redfin.com/CA/Long-Beach/6000-Lido-Ln-90803/home/11919478">6000-Lido-Ln</a>
 
[quote author="morekaos" date=1253182303]Well after 554 days on the market Viki Lawrence has finally succumbed to the idea that $3.5 million dollars was a bit too much for her (admittedly nice) house. Today she lopped off a cool Half Mil. That had to sting. She held out for so long I am sure this was a painful (like amputating a hand) capitulation.



<a href="http://www.redfin.com/CA/Long-Beach/6000-Lido-Ln-90803/home/11919478">6000-Lido-Ln</a></blockquote>
They got another two of those big price cuts before that baby will sell, I wonder if they will take them another 1,000 days to get there.
 
[quote author="USCTrojanCPA" date=1253183040][quote author="morekaos" date=1253182303]Well after 554 days on the market Viki Lawrence has finally succumbed to the idea that $3.5 million dollars was a bit too much for her (admittedly nice) house. Today she lopped off a cool Half Mil. That had to sting. She held out for so long I am sure this was a painful (like amputating a hand) capitulation.



<a href="http://www.redfin.com/CA/Long-Beach/6000-Lido-Ln-90803/home/11919478">6000-Lido-Ln</a></blockquote>
They got another two of those big price cuts before that baby will sell, I wonder if they will take them another 1,000 days to get there.</blockquote>


seriously. This is an OFF water house. Yes it is big. But it is dated, off water, and not on a particularly great street. The only real differentiator is the 60 ft boat dock that comes with the house. That is a big plus but I think this is a $2.5M house. Starting at $5M was just crazy.
 
A <a href="http://www.redfin.com/CA/Long-Beach/6000-Lido-Ln-90803/home/11919478">$504,500 decrease</a> for Morekaos.
 
I'm getting the itch for the LBC again... after being so headstrong for Irvine for so long... I can't imagine the entire cycle is being completed... <a href="http://www.irvinehousingblog.com/forums/viewthread/5047/">Loving LA, hating LA; learning to love the OC</a>, obsessed with Irvine, and now being draw back up to the Beach... I had a long hard week of research and digging up tax info, and my God; the freedom of not having double HOAs and Mello Roos!!! Anyways, I had a good week to detox from the IHB, Irvine... but ahh... the beauty of walking my son in Woodbury, seeing the kids start school this week in the mornings... watching the kids play soccer on a Saturday morning...
 
[quote author="roundcorners" date=1253352289]I'm getting the itch for the LBC again... after being so headstrong for Irvine for so long... I can't imagine the entire cycle is being completed... <a href="http://www.irvinehousingblog.com/forums/viewthread/5047/">Loving LA, hating LA; learning to love the OC</a>, obsessed with Irvine, and now being draw back up to the Beach... I had a long hard week of research and digging up tax info, and my God; the freedom of now having double HOAs and Mello Roos!!! Anyways, I had a good week to detox from the IHB, Irvine... but ahh... the beauty of walking my son in Woodbury, seeing the kids start school this week in the mornings... watching the kids play soccer on a Saturday morning...</blockquote>


LB is the best. I hope you make it back.
 
[quote author="not a realtor" date=1253354971][quote author="roundcorners" date=1253352289]I'm getting the itch for the LBC again... after being so headstrong for Irvine for so long... I can't imagine the entire cycle is being completed... <a href="http://www.irvinehousingblog.com/forums/viewthread/5047/">Loving LA, hating LA; learning to love the OC</a>, obsessed with Irvine, and now being draw back up to the Beach... I had a long hard week of research and digging up tax info, and my God; the freedom of now having double HOAs and Mello Roos!!! Anyways, I had a good week to detox from the IHB, Irvine... but ahh... the beauty of walking my son in Woodbury, seeing the kids start school this week in the mornings... watching the kids play soccer on a Saturday morning...</blockquote>


LB is the best. I hope you make it back.</blockquote>
If I wasn't such an OC guy, I would definitely consider Belmont Shores.
 
[quote author="morekaos" date=1252845381]I don't think there has been a house of this size under a mil on the "Peninsula" in quite awhile....hope rings eternal though</blockquote>


It doesn't pan out as a cash flow investment and the only people who would want to live on the Pensinsula are single people or young families that are into surfing, and for the vast majority of those folks the easy jobs like mortage broker, escrow officer, surf company mktg dude etc are gone poof. Commercial RE is in the tank. I think the Peninsula will fall much faster compared to Balboa.
 
LB is neat but way too dangerous. A friend from USC from a prominent Naples family was murdered riding his bike home to his parents house in Naples ~2 am from the area near the Belmont Pier. This was ~20 years ago, so perhaps things have changed.
 
[quote author="OC_Boston_Bay" date=1253655114]LB is neat but way too dangerous. A friend from USC from a prominent Naples family was murdered riding his bike home to his parents house in Naples ~2 am from the area near the Belmont Pier. This was ~20 years ago, so perhaps things have changed.</blockquote>


Things have changed
 
[quote author="OC_Boston_Bay" date=1253655114]LB is neat but way too dangerous. A friend from USC from a prominent Naples family was murdered riding his bike home to his parents house in Naples ~2 am from the area near the Belmont Pier. This was ~20 years ago, so perhaps things have changed.</blockquote>




I really hope you did not just take one unverified anecdote from 20 years ago no less to conclude an entire city of 500,000 people is "too dangerous".



All of East Long Beach is safe from a southern california standards perspective. Does stuff happen. Of course, but it happens in gasp...Irvine too. And our houses aren't beige.
 
I rather like the fact that people always look at you sideways when you say you live in "Long Beach". One of the best kept secrets is right there in south Long Beach. It is safe, unique and a wonderful place to raise a family. Also, it is probably the last bastion of affordable, waterfront real estate in civilized California. I hope to keep our little secret a secret before it becomes a spoiled little beach town like Hermosa, Dana and Newport.
 
[quote author="morekaos" date=1253662596]I rather like the fact that people always look at you sideways when you say you live in "Long Beach". One of the best kept secrets is right there in south Long Beach. It is safe, unique and a wonderful place to raise a family. Also, it is probably the last bastion of affordable, waterfront real estate in civilized California. I hope to keep our little secret a secret before it becomes a spoiled little beach town like Hermosa, Dana and Newport.</blockquote>


well said
 
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