227 W Oak Ave, El Segundo, CA 90245 – 2 beds/1 bath

Sometimes you just have to say What the fuck?

$995k for a teardown on 6700 sqft lot. 

Maybe I’m wrong. Some developer thinks he can throw a couple hundred grand at this and still make a good return before the tide goes out. Maybe the tide will never go out. Property will increase forever. 

I just don’t see the logic. 

I rant into a friend and longtime resident today and as usual we got to chatting about real estate and he mentioned the development at the old school site on Imperial. The plan is for those ~2500 sqft homes to price around $1.6. Maybe they will come with white noise machines to drown out the airport. 

227 W Oak Ave, El Segundo, CA 90245 – 2 beds/1 bath

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