Here’s a great example why you should NOT buy a home in El Segundo right now. A ~$1.3 mil home renting for $4850
Even if the Zestimate is over inflated a 2,229 sq ft 4 bed/2.5 bed house that only takes $9700 to get in and $4850/ month is a no brainer.
Remember that shitty little house listed for $900k at
815 Penn St? Those house humpers will drop $180K and spend the same amount of money per month for 1,100 sq ft. Plus they are on the hook for repairs, maintenance and gardner. For $4850 you get a home twice the size and you cell the landlord when the furnace breaks.
I can only imagine this won’t last long. It’s more than a few steps past what an average “rental home” looks like. It’s actually nice.