How About a 50% Haircut?


455 East OCEAN Blvd #1104, Long Beach, CA 90802
Beds: 1
Baths: 1
Sq. Ft.: 664
$/Sq. Ft.: $248
Year Built: 1923
Community: Downtown Area/Alamitos Beach
County: Los Angeles
MLS#: P728984
On Redfin: 123 days
Description: Adorable 1 bed 1 bath condo on the 11 floor really cute kitchen, lots of storage, well laid out floor plan for the sq. footage, light and bright, shared balcony with a view of the Marina and the water. Located on the west side of the building overlooking the courtyard and the fountain. MUST SEE!

Ready for the money shot?

Purchase Price (9/2005): $330,000
Current Asking Price: $165,000
_________________
Loss Assuming Sale: $165,000

OUCH.

And considering the HOA fine is $300 per month and there's no parking, it would need another 50% reduction before I'd consider it.

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