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Jan, Other/Just Looking in 90404

1307 15TH ST, Santa Monica 90404

Asked by Jan, 90404 Tue Feb 5, 2008

Yet one more example of the unrealisti$c greed of sellers who bought at the top of the market. This guy paid ca. 1.8 mil. in 2005 and thinks his prop is now worth 3 mil--less than two years later. Dream on. Prices are down and going much lower. And there's the nightmare issue of Santa Monica rent control.

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I agree with you but prices have been picking up.Now being 2012. I looked at 4 properties on brokers caravan and they all were in multiple offers. It was priced at 2.1 million after they became more realistic and the CAP was 4.68% which is respectable in Santa Monica.

Ray Lyon
310-993-1065
Ray@RayLyonRealty.com
http://www.raylyonrealty.com
0 votes Thank Flag Link Tue May 8, 2012
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