01 Dec Destroyed Silver Lake Shack Sells for Ridiculous Price
Real estate in Los Angeles is one of a kind. Very few places on Earth will a fire-sale not result in an enormous discount. But, it just so happens that a literal “tear down” in Silver Lake just sold for over half a million dollars. It was asking $399,000 and sold for $575,000 which is about $60,000 more than the median Los Angeles home price (Bianca Barragan, Curbed LA). It’s amazing what views of the Hollywood sign can do to the price of a shack that literally cannot be lived in. This is why we love real estate.
Original Article seen here on Curbed LA: http://la.curbed.com/archives/2014/11/rickety_burned_silver_lake_shack_sells_for_176k_above_asking.php