[speeder]

Quote de speeder

You can get one like it for $3-4 million in Santa Monica north of Montana Ave. In RE, three things determine the value: location, location and location. Free people in a free market will pay $4M for a small house in Santa Monica or $150k for a house where you live. It's not the house that determines value, it's the location it's sitting on.

Maybe you could have your house moved somewhere more desirable? Might be worth it.

True, but I do often wonder why someone with $1-2 mill to spend on a house in such a great area can't afford to knock such a turd in the head and build new. That heap could be built new (construction costs only) here for $150k or so. So while it would still be a turd at least it would be a new turd

Yes I realize construction costs are more there but materials are commodities to a degree.

I've never seen someone buy a "turd" house in a pricey area here and not tear it down and start over. The only turd houses belong to old people who've lived in them for many decades, when the area wasn't quite so special.

Anyways, the house in this thread doesn't look so bad other than needing a major make-over. Hugh's area is nice and semi-rural but not a place where houses are outrageously expensive. Under a million is tough to do anywhere you'd want to live in Los Angeles proper.