This house looks not so bad from the curb. But that's only because you don't know this 2 bed/1 bath house is 798 sq.ft. and listed for $699k (that's $875 sq. ft. for those of you keeping track at home). Zestimate™ $585,891. It's starting to look worse, eh? Let's look at the MLS description:
"Lowest price for just south of ventura blvd, [sic] sherman oaks [sic]."
Yeah. Maybe because it's the smallest crappiest house South of Ventura? Is that why? But let's read on:
"Some upgrades included, updated tile in kitchen, bath, windows, possibly copper plumbing,"
First off, "possibly copper plumbing"? Why not just write "possibly treasure chest buried in yard." Anyhoo, let's take a look at that updated tile in the kitchen and bath.
Yeah. I'm sure the new owner will be keeping that. Let's go back to the description:
"...otherwise a fixer, sold in it's present, as is conidtion[sic]."
Hahahaha! "Otherwise" a fixer! So the kitchen, bath, and "possibly" copper plumbing are fine? Well, whatever, let's see the rest of it.
I presume this photo is to illustrate that it needs some paint.
And this photo shows that it the hardwood floors cannot, in fact, be restored because they have been replaced with press board.
My point here has nothing to do with the prior owner; people hit hard times; homes fall into disrepair. I get it. This is about the listing agent. The description should read: "Sold for lot value only." Not to mention, it should be priced accordingly. I wonder if somebody will take out a 9.75% jumbo loan to buy this?