Sunday, January 17, 2010

What $585,000 will buy you in Chinatown

An upper level dwelling at 584 Chungking Court, in Los Angeles, popped up on Redfin four days ago. The asking price for the 1 bed, 1.5 bath unit is just just under $600,000. For that amount of money you get no heating, no AC, no laundry and perhaps more annoying than schlepping clothes to a laundromat, NO PARKING! In a perfect world this property would sell for $200,000. See the Redfin listing.