Mission Hills: Low End Trends

[sdrealtor]

jp
Someone wasnt insane to buy it during the bubble for almost $1.7M, it wasnt their money. Someone was insane for lending them the money to do it. The buyer didnt care because they had no skin in the game. That is why some seriously undesireable properties sold for insane prices when they should have struggled to sell at all even at a well below market price. That property not only sits on the freeway but it overlooks what is probably the busiest runway at a major airport in the US. Examples like this are why I ignore flawed properties when analyzing the market. Well informed buyers of the type I work with would never consider a property like that and they dont impact the market we are shopping in.

[jpinpb]

While I agree w/what you say, this is not the only property that sold at a ridiculous price during the bubble. Everything will adjust accordingly, don’t you think.

[jpinpb]

While I agree w/what you say, this is not the only property that sold at a ridiculous price during the bubble. Everything will adjust accordingly, don’t you think.

[jpinpb]

While I agree w/what you say, this is not the only property that sold at a ridiculous price during the bubble. Everything will adjust accordingly, don’t you think.

[jpinpb]

While I agree w/what you say, this is not the only property that sold at a ridiculous price during the bubble. Everything will adjust accordingly, don’t you think.

[jpinpb]

While I agree w/what you say, this is not the only property that sold at a ridiculous price during the bubble. Everything will adjust accordingly, don’t you think.

[bearishgurl]

While 2940 Columbia DOES look out over I-5 and the runway, it is NOT under the landing path. The actual Lindbergh Field landing path over Banker’s hill comes in at a diagonal over the park between the 2100 and 2200 blocks (bet Hawthorn and Ivy). The 2900-3000 block is way north of this and makes a huge difference in jet landing gear noise. Even Laurel Street (2500 bl) is sufficiently north of the path (2-3 blks) to be virtually out of it.

Bear in mind that although this address now gets the tire “whir” from I-5 when its windows are opened, when this lot was originally built, I-5 was not there. Pacific Coast Hwy (CA SR-1) served that area as a N/S artery from Los Angeles and was a two-laner at the time.

The house location suffers a bit from economic obsolescence due to gentrification but it NOT undesirable by a long shot nor is it in an undesirable location (Middleton). In fact, there are very expensive well-built condo complexes which were built very close to the jet landing path in the last 30 years with triple-paned windows and offer awesome views of the entire harbor, Tijuana to Agua Caliente, the Coronado Islands and beyond. In addition, the 3-5 min walk down to India St from this property leads to an incredible selection of antique furniture stores (w/inventory purchased at estate auctions all over SoCal), consignment shops, coffee shops and restaurants.

It sold for a fair price and likely less-than-build cost in 2010, IMO. It is what it is, which is fairly new construction replicating the “Mission style” prevalent in the area. While sdr’s “clients” may never be interested in a home like this, not ALL buyers are looking for an exurban tract home.

Qualifications: Intimate familiarization with area. 6-year resident of Banker’s Hill, 10-year jogger of Banker’s Hill/Middleton/South Park and 25+ year dtn worker.

[bearishgurl]

While 2940 Columbia DOES look out over I-5 and the runway, it is NOT under the landing path. The actual Lindbergh Field landing path over Banker’s hill comes in at a diagonal over the park between the 2100 and 2200 blocks (bet Hawthorn and Ivy). The 2900-3000 block is way north of this and makes a huge difference in jet landing gear noise. Even Laurel Street (2500 bl) is sufficiently north of the path (2-3 blks) to be virtually out of it.

Bear in mind that although this address now gets the tire “whir” from I-5 when its windows are opened, when this lot was originally built, I-5 was not there. Pacific Coast Hwy (CA SR-1) served that area as a N/S artery from Los Angeles and was a two-laner at the time.

The house location suffers a bit from economic obsolescence due to gentrification but it NOT undesirable by a long shot nor is it in an undesirable location (Middleton). In fact, there are very expensive well-built condo complexes which were built very close to the jet landing path in the last 30 years with triple-paned windows and offer awesome views of the entire harbor, Tijuana to Agua Caliente, the Coronado Islands and beyond. In addition, the 3-5 min walk down to India St from this property leads to an incredible selection of antique furniture stores (w/inventory purchased at estate auctions all over SoCal), consignment shops, coffee shops and restaurants.

It sold for a fair price and likely less-than-build cost in 2010, IMO. It is what it is, which is fairly new construction replicating the “Mission style” prevalent in the area. While sdr’s “clients” may never be interested in a home like this, not ALL buyers are looking for an exurban tract home.

Qualifications: Intimate familiarization with area. 6-year resident of Banker’s Hill, 10-year jogger of Banker’s Hill/Middleton/South Park and 25+ year dtn worker.

[bearishgurl]

While 2940 Columbia DOES look out over I-5 and the runway, it is NOT under the landing path. The actual Lindbergh Field landing path over Banker’s hill comes in at a diagonal over the park between the 2100 and 2200 blocks (bet Hawthorn and Ivy). The 2900-3000 block is way north of this and makes a huge difference in jet landing gear noise. Even Laurel Street (2500 bl) is sufficiently north of the path (2-3 blks) to be virtually out of it.

Bear in mind that although this address now gets the tire “whir” from I-5 when its windows are opened, when this lot was originally built, I-5 was not there. Pacific Coast Hwy (CA SR-1) served that area as a N/S artery from Los Angeles and was a two-laner at the time.

The house location suffers a bit from economic obsolescence due to gentrification but it NOT undesirable by a long shot nor is it in an undesirable location (Middleton). In fact, there are very expensive well-built condo complexes which were built very close to the jet landing path in the last 30 years with triple-paned windows and offer awesome views of the entire harbor, Tijuana to Agua Caliente, the Coronado Islands and beyond. In addition, the 3-5 min walk down to India St from this property leads to an incredible selection of antique furniture stores (w/inventory purchased at estate auctions all over SoCal), consignment shops, coffee shops and restaurants.

It sold for a fair price and likely less-than-build cost in 2010, IMO. It is what it is, which is fairly new construction replicating the “Mission style” prevalent in the area. While sdr’s “clients” may never be interested in a home like this, not ALL buyers are looking for an exurban tract home.

Qualifications: Intimate familiarization with area. 6-year resident of Banker’s Hill, 10-year jogger of Banker’s Hill/Middleton/South Park and 25+ year dtn worker.

[bearishgurl]

While 2940 Columbia DOES look out over I-5 and the runway, it is NOT under the landing path. The actual Lindbergh Field landing path over Banker’s hill comes in at a diagonal over the park between the 2100 and 2200 blocks (bet Hawthorn and Ivy). The 2900-3000 block is way north of this and makes a huge difference in jet landing gear noise. Even Laurel Street (2500 bl) is sufficiently north of the path (2-3 blks) to be virtually out of it.

Bear in mind that although this address now gets the tire “whir” from I-5 when its windows are opened, when this lot was originally built, I-5 was not there. Pacific Coast Hwy (CA SR-1) served that area as a N/S artery from Los Angeles and was a two-laner at the time.

The house location suffers a bit from economic obsolescence due to gentrification but it NOT undesirable by a long shot nor is it in an undesirable location (Middleton). In fact, there are very expensive well-built condo complexes which were built very close to the jet landing path in the last 30 years with triple-paned windows and offer awesome views of the entire harbor, Tijuana to Agua Caliente, the Coronado Islands and beyond. In addition, the 3-5 min walk down to India St from this property leads to an incredible selection of antique furniture stores (w/inventory purchased at estate auctions all over SoCal), consignment shops, coffee shops and restaurants.

It sold for a fair price and likely less-than-build cost in 2010, IMO. It is what it is, which is fairly new construction replicating the “Mission style” prevalent in the area. While sdr’s “clients” may never be interested in a home like this, not ALL buyers are looking for an exurban tract home.

Qualifications: Intimate familiarization with area. 6-year resident of Banker’s Hill, 10-year jogger of Banker’s Hill/Middleton/South Park and 25+ year dtn worker.

[bearishgurl]

While 2940 Columbia DOES look out over I-5 and the runway, it is NOT under the landing path. The actual Lindbergh Field landing path over Banker’s hill comes in at a diagonal over the park between the 2100 and 2200 blocks (bet Hawthorn and Ivy). The 2900-3000 block is way north of this and makes a huge difference in jet landing gear noise. Even Laurel Street (2500 bl) is sufficiently north of the path (2-3 blks) to be virtually out of it.

Bear in mind that although this address now gets the tire “whir” from I-5 when its windows are opened, when this lot was originally built, I-5 was not there. Pacific Coast Hwy (CA SR-1) served that area as a N/S artery from Los Angeles and was a two-laner at the time.

The house location suffers a bit from economic obsolescence due to gentrification but it NOT undesirable by a long shot nor is it in an undesirable location (Middleton). In fact, there are very expensive well-built condo complexes which were built very close to the jet landing path in the last 30 years with triple-paned windows and offer awesome views of the entire harbor, Tijuana to Agua Caliente, the Coronado Islands and beyond. In addition, the 3-5 min walk down to India St from this property leads to an incredible selection of antique furniture stores (w/inventory purchased at estate auctions all over SoCal), consignment shops, coffee shops and restaurants.

It sold for a fair price and likely less-than-build cost in 2010, IMO. It is what it is, which is fairly new construction replicating the “Mission style” prevalent in the area. While sdr’s “clients” may never be interested in a home like this, not ALL buyers are looking for an exurban tract home.

Qualifications: Intimate familiarization with area. 6-year resident of Banker’s Hill, 10-year jogger of Banker’s Hill/Middleton/South Park and 25+ year dtn worker.

[blahblahblah]

Someone got a good deal on that Columbia house. $325/sf for that location and quality of construction is excellent. Nice view from the roof deck as well. I am surprised that it didn’t sell for $800K at least.

[blahblahblah]

Someone got a good deal on that Columbia house. $325/sf for that location and quality of construction is excellent. Nice view from the roof deck as well. I am surprised that it didn’t sell for $800K at least.

[blahblahblah]

Someone got a good deal on that Columbia house. $325/sf for that location and quality of construction is excellent. Nice view from the roof deck as well. I am surprised that it didn’t sell for $800K at least.

[blahblahblah]

Someone got a good deal on that Columbia house. $325/sf for that location and quality of construction is excellent. Nice view from the roof deck as well. I am surprised that it didn’t sell for $800K at least.

[Author]

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