Bulletproof Vest Not Included

Address: 1780 W 25th St., 90810
Asking Price: $339,000
Year Built: 1977
Size: 7 beds, 3 baths, 2,224 sq. ft.
$/Sq. Ft.: $152
Purchase price: $315,000
Purchase date: 4/2009
MLS#: R903780
On Redfin: 16 days
Down Payment: $68,000
Monthly Payment: $2,000
Income Requirement: $97,000
Description: Nice Home in Nice Long Beach Area This Home Features 7 bedrooms , 3 bath ,2 car garage. Perfect for Large family At this price it willnot Last

In high school, the Carl's Jr. in the Rossmoor Center was the hangout spot. We would hang out after school, take advantage of the free refills, and talk about the trials and tribulations of our teen years.

Anyhow, there was a guy who worked there named Robert. He was mentally disabled but the management was really generous and gave him a job. His disability was such that he was limited to what duties he could perform but the one thing he ACED was delivering food and collecting those little A-frames with the order numbers on them (the kids with classic cars would always swipe the "67" or "68" depending on the year of their car). And he would always say, in his unique voice:

"WOULD YOU LIKE KETCHUP WITH YOUR MEAL?"

Patrons answering in the affirmative would receive piles upon piles of (body temperature--HORF!) ketchup packets from his cornucopia of an apron until politely mentioning they were just fine with 34 packets.

The point of this story? I just wanted to congratulate ol' Robert on finding a new career as a realtor! Nice work, buddy! That listing description is AWESOME! Way to go! Gold star for you!

You know how I know this neighborhood sucks? Robert refused to get out of his car to take listing photos:

And Robert has reason to fear for his life. Last month a police officer was shot just a few blocks from here.

And speaking of grade-A listing photos, check out this little before-and-after action. Now you see the used car (and shopping cart) dealership:


Now you don't!

That's some David Blaine shit, right there!

The previous owner, who purchased in June 2004, plunked down a pants-wetting $535,000. In this 'hood? Yikes.

To their credit, the "owners" of this seven-bedroom gem made it almost five years before the enormous debt service swallowed them whole. Judging by the number of cars in the driveway, they were probably renting out several rooms and moving in extended family members to make ends meet. That, or they were operating a valet company out of there:

Anyhow, purchasing a house at TEN TIMES the median income is unsustainable, and with a mortgage like that you're only one pay cut or a leaky roof away from balance sheet detonation.

Ka-boom.

The owners eventually moonwalked away (probably after living there rent-free for a while) and the house went back to the bank for $315,000 in April. Six days later the lender listed it for $339,000--just enough to break even after commissions--and it's been sitting there collecting dust ever since.

By the way, at its current asking price, this boarding house is 38% off the 2004 price! Yowza!

And considering Robert is too afraid to get out of the car and can't be bothered to move a shopping cart (sorry, that's just GHETTO) out of the way...what do you suppose Robert thinks the odds are of this place selling for $339,000?

About as good as Michael Jackson performing at his London concerts (too soon?).