According to listing site Redfin, the LA real estate market is in a mini-bubble and more than half the houses listed go sale pending in two weeks or less. It's enough to make a prospective homebuyer cry. But that still leaves 48 percent of houses looking for buyers for longer than two weeks, and some for a whole lot longer. Sure they aren't as pristine as their super popular neighbors but heck, no one's perfect. Could one of these sellers be increasingly desperate, just waiting for an offer from an increasingly desperate buyer? Who knows! We've rounded up 13 non-terrible houses in popular locations that for sometimes obvious-but-fixable reasons have failed to sell (they've all been on the market for roughly two to three months and are all under $1.5 million).Read More
Mapping 13 LA Houses That Aren't Selling Even in a Tight Market
3 bed/3 bath $1.399 million
A nice, if a wee bit dated, 1933 Spanish, it's been featured on two HGTV shows. Is that a good thing? Since it hit the market, several other homes have been listed in the neighborhood, almost all for less than this one. That probably isn't helping.
3 bed/2.5 bath $1.389 million
This perfectly fine townhouse may be "4 levels of Fabulous" but it's been on the market for a month and a half. Part of a 2003 development, the price per square foot looks to be on the high side for the neighborhood. HOAs add $410 a month to the bill.
4 bed/5 bath $1.269 million
At $396/square foot, this 1942 Mar Vista home is almost a bargain for the neighborhood. But though the listing calls it "stunning" and offering "ultimate indoor/outdoor living," that's a tough sell from the pictures. It's been on the market since early March.
5 bed/4 bath $1.249 million
Asking $1.249 million, this perfectly nice house with a pool has gone pending once since hitting the market in February. Though it's a short sale--proof that they haven't completely gone the way of the dinosaur--it doesn't seem to be such a bargain compared to standard sales in the neighborhood.
3 bed/2 bath $1.099 million
This here is one of the rare flips on our list, and it's failed to sell after three months. Boring stucco exterior not doing it for people? A Redfin agent damns the home with faint praise, calling it "average" and "decent," and noting "an odd space that has no apparent use."
2 bed/2 bath $1.06 million
This spacious house has been sitting on the market since mid-March, and taken a $40K price chop in the meantime. But it'll need a little work, inside and out.
5 bed/2.75 bath $899,000
The asking price for this Miracle Mile home has dropped $100K after four price chops, but the sellers have had no joy after 3 months on the market. Judging by the pictures, it's totally inoffensive and averagely priced; maybe prospective buyers worry that the breakfast tray pictured on every bed means the sellers are running some kind of B&B?
3 bed/2 bath $799,000
Despite its "fun sense of whimsy," this gated house near Echo Park Lake has been on the market since mid-February. It has two bedrooms and income potential with a separate, rentable guest apartment, but no bites.
3 bed/2.5 bath $749,000
Another short sale, this 1999 Silver Lake house had a $50K price chop after an accepted offer fell through. Good location, though the listing photos appear to have been taken underwater.
2 bed/1bath $650,000
Despite it's hipster-approved exterior paint job, this smallish NoHo Arts District house has failed to find a buyer for two months. Looks to be in good shape, but also looks to be pricier than many comparable houses.
3 bed/2bath $600,000
Price uppers are rare at this end of the market, but the asking price on this one was raised $75K a few days after it hit the market in February. Atwater is sought after and the listing says to "bring your fussy buyers," but it also says "buyer to verify permits and or Wall needs to come down," and the two pictures leave much to be desired.
3 bed/2 bath $499,000
A break from the usual Highland Park Craftsmans, this 1960s house on busy Avenue 50 hit the market two months ago. Though priced like one, it's no flip. Recent updates look to include a colorful paint job and new roof, but left the washer/dryer on the back patio.
1 bed/1 bath $450,000
Under $500K and five blocks from the beach! How has this condo not found a buyer in two months, you ask yourself. Well, it's little, it's in a dated complex, and it's got a tenant. Still, the unit itself looks to be in fine shape and tenants don't last forever...