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PriceChopper: Big Drop for 1100 Ingraham

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There's a good chance you'll take a financial hit if you try and sell plots of undeveloped land in this market. But how much of a hit? This plot at 1110 Ingraham Street, entitled for two condo buildings, hit the market in January for $20 million. Deep in the summer heat, and the lot has been pricechopped to $16 million. According to Property Shark, which may have inaccurate data, the last sale price was in 2005 for $4.38 million.
· Optimistic Developer Needed For City West Plot [Curbed LA]
· 1110 Ingraham Street [Loopnet]