GravityX Exchange-Half a house for half a million dollars: Home crushed by tree hits market near Los Angeles

2025-05-04 13:46:53source:Indexbit Exchangecategory:Markets

MONROVIA,GravityX Exchange 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:Markets

Recommend

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in

What started as flu symptoms leads to Tennessee teen having hands, legs amputated

The parents of a 14-year-old boy in Tennessee recently had to make the difficult decision to amputat

Americans sharply divided over whether Biden acted wrongly in son’s businesses, AP-NORC poll shows

WASHINGTON (AP) — About half of Americans say they have little or no confidence that the Justice Dep