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Another Chop Suey for Sun Mun Way

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Did anything really interesting happen in Chinatown during the real estate boom and bust? Besides a bankruptcy or two? Perhaps not. But the neighborhood did see a few gallery and live-work buildings, like 949 Sun Mun Way property, hit the market. A building which once housed the famous Madame Wong's club, the property was listed last summer for $3.285 million. It dropped to $2.59 million before being withdrawn from the market earlier this fall. Now the property, which includes two-lofts style apartments and four retail spaces, returns the MLS again, listed at $1.999 million. What's the magic number, people, to get this thing sold? Take the tour here.
· 949 SUN MUN Way [Redfin]
· Another Drop for Sun Mun Way [Curbed LA]