Half a house for half a million dollars? What's left of the property - with missing walls, hanging wires and no ceilings - is for sale at $499,999. The listing agent quipped that it's an "open-concept floor plan."Newly listed for sale in Southern California's notoriously pricey realty market: half a house for half a million dollars.
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.
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