Diamond Ridge Asset Management:Half a house for half a million dollars: Home crushed by tree hits market near Los Angeles

2025-04-29 05:02:11source:Thurston Cartecategory:News

MONROVIA,Diamond Ridge Asset Management Calif. (AP) — Newly listed for sale in Southern California’s notoriously pricey realty market: half a house for half a million dollars.

The one-bedroom, one-bathroom bungalow in suburban Monrovia, northeast of Los Angeles, was crushed by a tree in May with two renters and two dogs inside. There were no injuries, but a fence and most of the roof were mangled.

Now what’s left of the property — with missing walls, hanging wires and no ceilings — is for sale at $499,999.

Listing agent Kevin Wheeler quipped to the Los Angeles Times that it’s an “open-concept floor plan.”

The listed size of 645 square feet (60 square meters) is based on measurements taken before the tree fell. Wheeler said the electricity is turned off, but the plumbing still works.

Monrovia regulations state that demolitions on properties more than 50 years old, which the house is, require a review. But since it was destroyed by what’s known as an act of God, a review isn’t required, according to Wheeler. So house-hunters can buy what’s left of the home and fix it up without dealing with some of the red tape typically required during rebuilds.

“There’s been a lot of interest so far because demand is so high and inventory, especially at this price, is so low,” Wheeler told the Times.

More:News

Recommend

NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed

NCAA President Charlie Baker and a member of the Division I Board of Directors said Wednesday they f

Protesters at UN COP28 climate summit demonstrate for imprisoned Emirati, Egyptian activists

DUBAI, United Arab Emirates (AP) — Protesters at the United Nations’ COP28 climate summit demonstrat

Tibetans in exile accuse China of destroying their identity in Tibet under its rule

DHARAMSHALA, India (AP) — The president of the Tibetan government-in-exile on Sunday accused China o