Nice find. I think the marginal parts of Santa Monica are already taking a hit. That particular house is in an area that is likely zoned multifamily or possibly even commercial. Perhaps they had grand ideas that didn’t pan out …
I think the small number of sales for January in both Rancho Park and Westwood are good indications of the slowdown in sales. But the small numbers are not good indications of price. I’ll see what I can find.
