What $330K buys in .... Lawndale

Sorry the picture doesn't provide more information, but I wanted to let you know what the current teardown price is on a small lot in Lawndale: $330,000.

Here's what your third of a million purchases: A three-bedroom, one bathroom, 988 square-foot house on a 2,500 square foot lot.

"What a deal! Great opportunity for that handy investor, contractor or developer to transform this 988 sq. ft. fixer. It is located in a quiet neighborhood with many well cared-for and remodeled homes. Near to stores, transportation and the freeway, someone with great imagination can have the deal of the year. Included are washer, dryer and refrigerator. The fireplace is red brick and is close to dinning area. Come see it!"

Interested? Email Judithbershak@yahoo.com. Comments? Thoughts? Email story tips to peter.viles@latimes.com.
Photo Credit: MLS via Judith Bershak

Comments

[Martin]

First, SteveRB writes in regards to my blog comment, "Martin - What does it mean to be proactive? Is that realtor talk to encourage everyone to buy? If not, please elaborate."

Then producer 0 writes, " Martin either you are a realtor who now has to get a job as Mickey D's or you are way to naive, or you are a developer or a banker who is trying to find more suckers out there and take their money . which is it ?"

My response: Why do you think I have some sort of agenda to what I perceive as my legitimate comment? I am not a realtor! For three decades I have been a secure homeowner and landlord. And my professional credientials have nothing to do with the real estate market. Your comments to me are as childish and alienating as if I asked you both if you're renters. Are you?

I think the guest blogger who pleaded with Peter today to write about the other side (in truth, one of many "other" sides), of the story summed up my point perfectfly. This blog has an ability to do so much more than make fun of overpriced property, devalue realities about Southern Cailfornia desirability, insult flippers and irresponsible borrowers or point fingers at institutions or people who/that screwed the public. There are many more stories to be told. That was my point. I am anything but naive. And if you realized my history or my professional background, you would realize how foolish your comments were.

I do have a certain perspective because I am among the hundreds of thousands of homeowners who will not lose their home. However, we still feel the pain of others ... beyond our own discomfort seeing the value of our portfolios shrink.

Think beyond your sphere of understanding and/or your needs. Let this blog do more than serve as a venting post for the few. Let this blog help all of us learn how to continue to cope with the dreadful financial mess our nation is getting into deeper and deeper. Let it inform and educate. And a little heart wouldn't hurt either.