Why is this property at such a low rate? Is there a catch?

Asked by Justin Baldridge, 92629 Mon Mar 23, 2009

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This question is about this property: http://www.trulia.com/property/44242099-10800-Wilshire-Blvd-…

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2
Shel-lee Dav…, Agent, Rolling Hills Estates, CA
Tue Mar 24, 2009
Justin:

This is a lease listing which expired 03/03/2009. There are, however, five other units in the building available for lease at prices ranging from $15,000 to $17,000. If you are interested in buying in this building, there are several units available for sale, ranging from a Short Sale listed at $1.7 million to a 14th floor fishbowl unit priced at $4.85 million (and it is a bargain, down from $5.25 million the end of last year). Of course, be prepared to pay somewhere around $3000 per month for Home Owner Association fee too.

Once again, the old adage rings true, if it looks too good to be true, it probably is. Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
http://shel-lee.listingbook.com
0 votes
John Barry, Agent, Eagle Rock, VA
Mon Mar 23, 2009
Hey Justin,

This is most likely the monthly lease rate, not the sale price - it is incorrectly listed as a sale.

Hope this helps,

John Barry
Coldwell Banker Residential Brokerage
http://www.jbknowsthevalley.com
0 votes
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