Welcome to this version of "New To Market," our look at a listing with a reader vote. Consider this an unscientific way to take the buying pulse of a wary public. Feedback and nominees to the tipline, please.
This one is for a budding Donald Trump-type who wants to start small when building a real estate empire. Really small. This 2,040 square foot building on Silver Lake Blvd contains three units: All are one-bedroom, one-bath units. The listing promises the units "have freshly painted exteriors, new entry doors and are newly landscaped." The also have window a/c, ceiling fans in the bedrooms, and separate gas and electrical meters. "All units are occupied-long term tenants with room for rent increases." However, the building was constructed in 1948, so likely is protected by rent control laws. The building was last sold in 1973 for $33,000. Today's asking price: $699,000 or $343 per square foot. Listing is here.