The listing for the one-time bungalow at 113 North Mountain Avenue, which will require a comprehensive redevelopment or teardown, offers a clear indicator of how the Southern California residential market remains tight.
Century 21 agent Kevin Wheeler humorously described the property’s current state as featuring an 'open-floor plan', indicating the extensive damage caused by the fallen tree.
The remains of the house sit on a 2,500 square foot lot, priced at approximately $8.7 million per acre, reflecting the tightness of the current market.
The incident of the falling tree has been deemed an act of God by city officials, which will facilitate the new owner's demolition process.
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