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Lobby General Discussion topic #13213917

Subject: "Time for another round of Million Dollar Shitbox: Los Angeles" Previous topic | Next topic
bignick
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24054 posts
Sun Nov-19-17 01:57 PM

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"Time for another round of Million Dollar Shitbox: Los Angeles"


  

          

This house in my hood is listed at a cool $1.6 million. First, the good: It's in a safe, centrally-located, EXTREMELY walkable neighborhood in an excellent elementary school district. Shops, restaurants, grocery stores, museums and, in the not too distant future, a FUCKING SUBWAY STOP!

The house has 4 bedrooms & 1,800 square feet with a sizable back yard and huge garage that could be converted into more living space. And now the bad: It's totally a piece of shit.

Look at this turd:
https://imgur.com/a/NYwei

https://www.redfin.com/CA/Los-Angeles/6509-Colgate-Ave-90048/home/7093880

That means, you're spending over a million and a half to buy this house and then do a complete gut renovation. And nobody's doing that. So, some real estate developer is going to offer $1.4 all cash, tear it down and in six moths this will be another McMansion. Los Angeles is a crazy, futuristic real estate dystopia.

See you next time, everybody!!!


  

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Topic Outline
Subject Author Message Date ID
ummm it's $1.6 million in Beverly Grove, not sure what you expected
Nov 19th 2017
1
1. That's the point. 2. Beverly Grove is bullshit real estate speak.
Nov 19th 2017
7
LA prices are stupid high
Nov 19th 2017
2
wow
Nov 19th 2017
3
nice humble brag fam, lol
Nov 19th 2017
4
^^this is the one time I'm glad I live in SD, not that it's that much be...
Nov 19th 2017
9
it was last sold for $20,500 in 1972
Nov 19th 2017
5
Because of Prop 13, that means almost nothing in property taxes.
Nov 19th 2017
8
FUCK
Nov 19th 2017
6
I assumed you were exaggerating.
Nov 19th 2017
10
Someone is gonna fix that up and flip it for a cool 1.8 - 2.4 mil
Nov 19th 2017
11
Not worth the risk imo
Nov 19th 2017
12
Math doesn't work on flips in this range.
Nov 20th 2017
13
man that shit is a diamond in the rough
Nov 20th 2017
14

atruhead
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85230 posts
Sun Nov-19-17 03:29 PM

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1. "ummm it's $1.6 million in Beverly Grove, not sure what you expected"
In response to Reply # 0
Sun Nov-19-17 03:29 PM by atruhead

  

          

.

  

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bignick
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24054 posts
Sun Nov-19-17 08:29 PM

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7. "1. That's the point. 2. Beverly Grove is bullshit real estate speak. "
In response to Reply # 1


  

          

This neighborhood is West 3rd Street.

  

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legsdiamond
Member since May 05th 2011
79574 posts
Sun Nov-19-17 05:43 PM

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2. "LA prices are stupid high"
In response to Reply # 0


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Rjcc
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94964 posts
Sun Nov-19-17 05:51 PM

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3. "wow"
In response to Reply # 0


          


www.engadgethd.com - the other stuff i'm looking at

  

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astralblak
Member since Apr 05th 2007
20029 posts
Sun Nov-19-17 07:11 PM

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4. "nice humble brag fam, lol"
In response to Reply # 0
Sun Nov-19-17 07:12 PM by astralblak

  

          

but yeah that is a piece of shit, yet will be made into an even more expensive condo or whatever within 8 months.

  

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dillinjah
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9027 posts
Sun Nov-19-17 10:07 PM

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9. "^^this is the one time I'm glad I live in SD, not that it's that much be..."
In response to Reply # 4
Sun Nov-19-17 10:08 PM by dillinjah

          

>but yeah that is a piece of shit, yet will be made into an
>even more expensive condo or whatever within 8 months.

better, at least in terms of real estate value, that is. Well, that and cost of living and traffic.

  

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shygurl
Member since Oct 08th 2002
13361 posts
Sun Nov-19-17 07:22 PM

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5. "it was last sold for $20,500 in 1972"
In response to Reply # 0


          

jesus christttttt

(source: https://www.zillow.com/homedetails/6509-Colgate-Ave-Los-Angeles-CA-90048/20777418_zpid/)

  

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bignick
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24054 posts
Sun Nov-19-17 08:30 PM

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8. "Because of Prop 13, that means almost nothing in property taxes. "
In response to Reply # 5


  

          

  

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RobOne4
Member since Jun 06th 2003
56697 posts
Sun Nov-19-17 07:28 PM

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6. "FUCK"
In response to Reply # 0


  

          

no wonder everyone is moving out here and commuting.

November 8th, 2005 The greatest night in the history of GD!

  

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squeeg
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34484 posts
Sun Nov-19-17 10:10 PM

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10. "I assumed you were exaggerating."
In response to Reply # 0


  

          

My assumption was incorrect.

  

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ShinobiShaw
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48550 posts
Sun Nov-19-17 10:17 PM

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11. "Someone is gonna fix that up and flip it for a cool 1.8 - 2.4 mil"
In response to Reply # 0


  

          

House needs alot of work, might not be worth it.

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"Arm Leg Leg Arm How you doin?" (c)T510

  

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legsdiamond
Member since May 05th 2011
79574 posts
Sun Nov-19-17 10:54 PM

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12. "Not worth the risk imo"
In response to Reply # 11


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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bignick
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24054 posts
Mon Nov-20-17 12:20 AM

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13. "Math doesn't work on flips in this range. "
In response to Reply # 11


  

          

This thing is gonna be a McMansion soon. Trust.

  

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Atillah Moor
Member since Sep 05th 2013
13825 posts
Mon Nov-20-17 10:30 AM

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14. "man that shit is a diamond in the rough"
In response to Reply # 0
Mon Nov-20-17 10:30 AM by Atillah Moor

  

          

the land alone

  

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