Hollyhood Hills - cheap house
 

I've never been to CA but I just got this link from Trulia (real estate site) ... seems like a deal for a new build. If you guys aren't picking up a few properties and taking advantage of this market, you're an idiot. This is way outta my budget btw, lol.

http://www.trulia.com/property/10865...ywood-CA-90046

It's a great house.
There are so many on the market right now up in the hills and the prices are still coming down!

It's crazy that my brother bought a house for almost the same price in Chatsworth.
He got more sq ft - but you cannot beat the location of the Hollywood Hills house.
Living in the Valley is shitty

That place is a perfect bachelor pad.

Wow, for that location, great deal indeed. Someone should buy it to shoot porn there and rent it out. They would easily pay the mortgage that way.

Yea, lol... if they do I want a commission for the find=)

that is sweet. nice deal too. for america lol

Here's my question ... what would have that house sold for in 05/06?

I ask because I read the Real Estalker and I swear it seems like there are a ton of houses for under $1.5 that used to go for $2.5+ easily. Maybe not.

hopefully when the big one hits (and it will..), it will not be over mag 8..

U are somewhat correct.
That house a year ago could have been listed anywhere between $1.8 to $2.2 M
Real estate dipped a lot

What... No pool?

Well I rent a guest house in West hollywood the property sold in 07 for 1.2 Mil and was a 2 bd small house in the front 2 studio conected apartments in the back. We Ho is expensive that is a steal for the area

yeah nice

I'd be scared the house would slide down the hill the first time a earth quake or mud slide hit.

The odds of a major earthquake hitting that area in the next 30 years is 97 percent .....not a good statistic when investing in such a property l would imagine ...:(

It's ok but hillside homes in LA suck. With out earthquakes and mudslides, most insurance companies wont insure that house.