Burned out parcels in Pacific Palisades

[ZZGAMAZZ]

View attachment 97089

This is like typical East Coast new construction on small lots. $300+/- per SF including EP. $700 per SF is insane.

Think that's crazy. Imagine going 60 miles inland throughout very sketchy 'hoods where one can't find fixers for less than $500,000.

 

[gregb]

Thrirty-nine closed Beverly Hills rental in preceding 6 months, ranging from $40,000 to $100,000 per month.

Listing Status Current Price Bedrooms Total Baths Living Area Units00-24444817 Closed $60,000 4 6 484000-24475045 Closed $40,000 7 8 564200-24467219 Closed $40,000 7 6 520000-24461207 Closed $40,000 7 6 520000-24467213 Closed $40,000 4 5 520000-24461185 Closed $41,000 7 7 700000-24461221 Closed $42,000 4 5 520000-24429387 Closed $42,000 7 7 723000-24467235 Closed $45,000 5 6 500000-24461157 Closed $45,000 5 6 500000-25487496 Closed $47,500 4 5 425700-24401227 Closed $48,000 6 7 572400-25485599 Closed $48,000 6 7 770900-24412721 Closed $49,995 5 7 650000-24436443 Closed $52,000 8 10 800000-24436785 Closed $52,000 7 9 700000-24461175 Closed $55,000 8 10 800000-24369061 Closed $55,000 5 8 750000-24436733 Closed $55,000 5 8 750000-24461199 Closed $55,000 5 8 750000-24412722 Closed $59,995 7 9 650000-25479903 Closed $60,000 5 8 505400-24366545 Closed $70,000 7 13 1121000-24436149 Closed $72,500 6 7 860000-24472511 Closed $75,000 6 6 577900-24406163 Closed $97,900 7 11 1280000-24418809 Closed $85,000 6 10 1120600-24402727 Closed $40,000 4 5 374000-24369019 Closed $40,000 4 4 400000-24463955 Closed $40,000 5 5 410000-24377535 Closed $40,000 8 6 700000-24412713 Closed $40,000 8 6 700000-24436745 Closed $40,000 5 7 650000-24381815 Closed $45,000 5 5 414900-24467231 Closed $45,000 5 7 550000-24461233 Closed $45,000 5 7 6500SR-24008588 Closed $47,500 7 8 744400-24409999 Closed $48,000 6 9 950000-25482727 Closed $55,500 5 9 10359Information is deemed to be reliable, but is not guaranteed. © 2025 MLS and FBS. February 21, 2025 9:15AM

 

[Joe Flacco]

Think that's crazy. Imagine going 60 miles inland throughout very sketchy 'hoods where one can't find fixers for less than $500,000.

That is different from cost being $700 per SF for Q3 quality construction. Labor varies but materials basically cost the same anywhere in the country. The developer has to carry the $3.5m land but $700 per SF is still crazy.

 

[ZZGAMAZZ]

Thrirty-nine closed Beverly Hills rental in preceding 6 months, ranging from $40,000 to $100,000 per month.

Listing Status Current Price Bedrooms Total Baths Living Area Units00-24444817 Closed $60,000 4 6 484000-24475045 Closed $40,000 7 8 564200-24467219 Closed $40,000 7 6 520000-24461207 Closed $40,000 7 6 520000-24467213 Closed $40,000 4 5 520000-24461185 Closed $41,000 7 7 700000-24461221 Closed $42,000 4 5 520000-24429387 Closed $42,000 7 7 723000-24467235 Closed $45,000 5 6 500000-24461157 Closed $45,000 5 6 500000-25487496 Closed $47,500 4 5 425700-24401227 Closed $48,000 6 7 572400-25485599 Closed $48,000 6 7 770900-24412721 Closed $49,995 5 7 650000-24436443 Closed $52,000 8 10 800000-24436785 Closed $52,000 7 9 700000-24461175 Closed $55,000 8 10 800000-24369061 Closed $55,000 5 8 750000-24436733 Closed $55,000 5 8 750000-24461199 Closed $55,000 5 8 750000-24412722 Closed $59,995 7 9 650000-25479903 Closed $60,000 5 8 505400-24366545 Closed $70,000 7 13 1121000-24436149 Closed $72,500 6 7 860000-24472511 Closed $75,000 6 6 577900-24406163 Closed $97,900 7 11 1280000-24418809 Closed $85,000 6 10 1120600-24402727 Closed $40,000 4 5 374000-24369019 Closed $40,000 4 4 400000-24463955 Closed $40,000 5 5 410000-24377535 Closed $40,000 8 6 700000-24412713 Closed $40,000 8 6 700000-24436745 Closed $40,000 5 7 650000-24381815 Closed $45,000 5 5 414900-24467231 Closed $45,000 5 7 550000-24461233 Closed $45,000 5 7 6500SR-24008588 Closed $47,500 7 8 744400-24409999 Closed $48,000 6 9 950000-25482727 Closed $55,500 5 9 10359Information is deemed to be reliable, but is not guaranteed. © 2025 MLS and FBS. February 21, 2025 9:15AM

Awesome data. THANK YOU. --gregm

 

[ZZGAMAZZ]

Awesome data. THANK YOU. --gregm

gregb, Please allow me to be redundant and THANK YOU AGAIN FOR THE DATA. I'm very appreciative and often wonder where you been the past few years, and whether you're still in or near the San Antonio Heights neighborhood. Hope everything is well. GM

 

[Joe Flacco]

https://www.redfin.com/CA/Santa-Monica/911-Yale-St-90403/home/6762573

Here is one from the same builder that has sample pictures. $760 per SF not including the land is crazy.