Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Saturday, March 12, 2011
OMG, cheapest condo EVER in Burbank
Pigs are flying. I'm looking for a hat to eat. And Burbank has its lowest-priced listing that I ever remember. And it's not even a dump! 355 Maple, #114 in the Entourage development just listed at $99,000. It's a 480 sf. studio and the building has lots of amenities. It's close to the studios, too. Is it priced according to comparables or is it an auction price? I vote auction. A similar unit there sold for twice this just last fall. And in November, my buyers closed on a one-bedroom condo on Bethany which was the cheapest thing to list on the market in over a decade and it was $180,000. And prices haven't dropped 50% in four months. So yes, I do think it will go out much higher...still...stay tuned!
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