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I live three blocks from the beach in Santa Monica, and in the last six months there's been several properties close to my house that haven't sold and were taken off the market. One right near me was a 950 sq ft 2 bed/1.5 bath condo that was on the market for $828k. I went to an open house there in August and the agent told me I was the only person she'd seen in 2+ hours. So I can't believe theser sellers are going to get anywhere near $1.4M for that little shitter.
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