There’s an amazing amount of SFH inventory in El Segundo right now, the problem is that these monkey-see, monkey-do realtors are just looking over their shoulder at their peer’s and trying to one-up each other on pricing out future residents of El Segundo.
This listing by Michael Alarcon and Eric Kedatus based out of Manhattan is downright stupid. This isn’t the tree section of Manhattan assholes. And if you ever wondered where localism came from here’s a great example. Two out of town realtors think they can sell this tiny home better (not possible) or quicker (yeah right) or at a higher price than someone local with knowledge. Kooks go home! This is a disservice to their client and a disservice to anyone that looks to these two knuckleheads for information and knowledge about El Segundo. The front home is an “updated” 860 square feet! I think you can see 500 of the 860 square feet in this photo. Look at the quality of those home depot light fixtures! No money saving LED can lights for this beauty!
So let me break it down for you. This tiny home is ridiculously overpriced regardless of any additional unit or being zoned R3. Tweetle Dee and Tweetle Dumb added the extra unit’s square footage to the 860 (I’ll guess it’s 450) and multiplied by the $1000/square foot first time home buyer figure. Does it matter that the square footage is useless or that it’s a shitty part of town? Nope, they are real estate agents and you my peasant home shopper have no choice.
This part of town is industrial adjacent. And by adjacent I mean it’s across the street. It’s also zoned R3 because this is apartment haven. So in addition to industrial neighbors you also have a ton of residents packed in this couple blocks of Sheldon at Franklin. I’m sure you’ll feel great letting your kids ride their bikes on Franklin.
Here’s your lovely neighborhood in Smoky Hollow West.
Not to be outdone we have a new home owner listing this giant the giant 2900 sqft rental at 626 Eucalyptus for $5900/month. I guess they were all out of cleaning supplies the day the camera crew was there? They are calling it “Brand new remodeled SFR”. I guess they went with the 1970s retro counter option. Maybe if you are lucky they will replace that awesome pull out cutting board that’s missing. Those are all the rage on those fixer-upper shows.
Someone bought this place in January for $1.26 mil – $426/square feet people! Let that sink in. While chumps like you and me can only hope for $650/square feet someone bought a fixer for $434/sqft under all of our noses. I guess they ran out of money after building that awesome island with quartz counters.
So they throw some paint, flooring and appliances in it and are going to take a gamble at being landlords. No dollar was spared in this incredible remodel….well except on the counters, and the lawn…and the cleaning supplies….and leaving that incredible wall-heater as decor….I bet they will be the best landlords!
So whether you want to buy or rent in El Segundo have no fear you can get bent over and reamed either way.