I thought the prop tax was 525. I think it’s 591. I already admit that my math sucks.
From what I understand, this guy that owns some surf shop in OC bought it last year and just sold (flipped) it.
I don’t know how accurate the info I have is. I’m just surprised it sold for 710k. It’s not zoned for multi, unless they change zoning, so unlikely a developer is going to mow it down and throw up condos for 600k a piece.
Maybe I’m just underestimating the coastal market. It must be immune and prices will just keep going up there.
