A unique offering has hit Southern California’s notoriously expensive real estate market: half of a house for $500,000.
The one-bedroom, one-bathroom bungalow in Monrovia, a suburb northeast of Los Angeles, was damaged in May when a tree crashed into it. Fortunately, the two renters and their dogs who were inside at the time were unharmed, but the home suffered significant damage, including a collapsed roof and a destroyed fence.
Now, the remains of the property — featuring missing walls, exposed wiring, and no ceilings — are up for sale for $499,999.
Listing agent Kevin Wheeler humorously told the Los Angeles Times that it boasts an “open-concept floor plan.”
The home’s size is listed as 645 square feet (60 square meters), based on its dimensions before the accident. While the electricity has been shut off, the plumbing is still functional, according to Wheeler.
Monrovia regulations normally require a review before demolishing homes over 50 years old, which applies to this property. However, Wheeler explained that since the damage was caused by an “act of God,” no review is necessary. This means buyers can restore the property without navigating the usual bureaucratic hurdles.
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“There’s been a lot of interest because demand is high, and inventory, especially at this price, is scarce,” Wheeler shared with media.
