sold on 12/21/2005 for $604,000.

Then it is a deal at $300’s. Too expensive at $500s. Bubble grew by at least 100% from equilibrium; yes, even in CV, lovely as it may be.

See: Can you afford it now?
http://www.latimes.com/business/la-fi-cover21-2008dec21,0,1066800.story

for $500K, you can buy:

For that amount in downtown Los Angeles, you can now cozy up to the super-rich. Four units in the Eastern Columbia building are listed for sale from $465,000 to $599,000. This is the same building in which a unit sold for $2.275 million in October.

For $750K, there is a picture of a much better, larger house, 10 blocks from beach in Huntington Beach!

Remember, we are still in early stage of credit collapse!