Thursday, July 03, 2008

For Sale. Around The Corner From The Crib


$2.2 M

Beach


Could you do that modern thing?






RoyalLD
said...
For that kind of paper I prefer a crib with a dock out back. I like to have a way to move-on after the pipes on land run dry.

16 comments:

CNu said...

How green is that structure?

Unless it's putting a few watts back onto the grid, i.e., basically generating it's own electricity - then it's just a horrific looking POS.

Whoever could be duped into buying that - for that price - is a true *fashion victim*.

Intellectual Insurgent said...

It doesn't look like a home but, rather, like a garish modern art museum.

pd3 said...

Nice! On the beach to...yea I could do that. For 2.2 how about run the electricity underground instead of attaching it to the front of the house.

Anonymous said...

What a fugly POS.

For $2.2 mil, this woman is building a 2500 sq ft green house out of a recycled 747.

Anonymous said...

P, that had me rollin this morning. Good eye. Modern is not my steez, but I'd take it.

And Cnu, I dont know exactly where you live, but in LA, 2.2 on the beach is a deal.

Anonymous said...

ILLMATH says:Exactly.. where are you DV? You gotta be in LA right?

CNu said...

And Cnu, I dont know exactly where you live, but in LA, 2.2 on the beach is a deal.

Kansas City Missouri...,

Anybody who'd pay that freight for that crate, irrespective of its fashionable location is crackish in my book.

As for that SoCal location in general, I wouldn't wish it on a broke dick dog for a whole host of reasons in consideration of what's just around the economic signpost up ahead.

Anonymous said...

" As for that SoCal location in general, I wouldn't wish it on a broke dick dog for a whole host of reasons in consideration of what's just around the economic signpost up ahead." -Cnu

Dude you and I were thinking the same way. I live in LA, and the chickens are coming home to roost! Shit is getting thick!

This house is very modern, and I don't know where it's located, but if you can see the ocean (malibu, santa monica, venice, hermosa, etc.) 2.2M is a deal. Although the entire lot seems to be consumed by the structure itself, leaving little or no room for a yard (front or back) somebody will see the "value" in this and it will probably go for somewhere around 1.7M...eventually. Even in this down market.

But, like pd said, for 2 milli the electricity should have been underground. But the fact that it's not raises an interesting point. In LA, most affluent areas (and even some that are not) have undergound wiring. Transformers on the streets and wires being fed to each house is way old school. More expensive neighborhoods collect more in property taxes, and therefore, those cities have more tax revenue to perform these types of upgrades. After all, this undergroud wiring certainly improves local property value.

After a little closer inspection, I would surmise that someone, with blind ambition, built this property, but it doesn't go with the neighborhood. It is the largest most gawdy building on the block. You cannot miss it. It towers over everything else. If 2.2 is the opening asking price, expect a price reduction of at least 100k within the next 30-45 days.

Anonymous said...

Further, in a situation like this, one of 2 things happens. The newer nicer home helps to bring up the value of the other properties in the neighborhood. Or the other properties in the neighborhood work to bring down the value of the lone ranger. I say the latter.

What makes this property worse is that electricity is fed to the FRONT of the house. Not the rear. Imagine a street where EVERY house on both sides of the street has a huge electrical wire being fed to the front of it. Would you pay 2 mil to live on that street?

Big Wayne would not.

Id pay about 800 and buy in Baldwin Hills or Ladera where the electricity is run underground.

Denmark Vesey said...

Aight Aight Aight.

Ya'll steppin' all over my aesthetic.

How you going to know the price of everything and the value of nothing?

I'm asking about style, experience ... taste.

2.2 .... 1.7 do not really exist. Just words, not real numbers. Mortgage myths. Paper.

Architecture as art. Living as art. What's your style Wayne? I'm in the mood for some Great Gatsby livin' myself.

Anonymous said...

I'm a modern type of cat too. And I like this genre (except for the wiring) I bought a condo in San Pedro that has a very similar theme. But it was only 350k. I don't think I could spend this much on this theme.

But my 1st choice is like a dope Spanish Mediterranean. 3500+sqft High-beam ceilings, high arches, oversized doors, lots of windows, and trees. Big Wayne needs a yard.

CNu said...

As a homeowner, I've only ever lived in art deco masterpieces. The first was a turquoise colored cube with 25 foot ceiling, built-in everything designed by a frank lloyd wright subaltern.

Currently, I live in a tudor which functioned as a speakeasy during prohibition and has the most exquisite art deco bar, kitchenette and full kitchen in the basement. inset florescent lighting all around, glass brick everything, cool as the bottom of a pillow.

Like the wright box, it has built-in everything, storage, furnishings, etc...,

Denmark Vesey said...

But my 1st choice is like a dope Spanish Mediterranean. 3500+sqft High-beam ceilings, high arches, oversized doors, lots of windows, and trees. Big Wayne needs a yard." BW

That's hot.

I like a little terra cotta and wrought iron myself. And Spanish style cribs know how to catch a breeze.

That Green shit CNu is talking about has about as much appeal as a Prius. Nice idea. Like to see other people in them.

But I don't like cribs that look like packages. Containers. Packages with expiration dates.

I'm partial to steel, concrete and glass sitting amongst old trees. If I had my druthers.

I like this cat out in Malibu, David Gray.

Denmark Vesey said...

CNu gettin' his architecture on!

Anonymous said...

Spanish or mediterranian for me. Colored walls with crown molding. I like a little wrought iron thrown in the mix, but in general want a home that is warm. Glass and steal tend not to be warm.


Ahhh home ownership. In time. In time.

David Royall said...

For that kind of paper I prefer a crib with a dock out back. I like to have a way to move-on after the pipes on land run dry.

http://www.pbase.com/royalld/image/62160891