The raging forties--1011 Broadway, Alameda, CA

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For some reason, a lot of 1940s houses are coming on the market. Today's ugly 1949 building is a bungalow with "huge potential":

2 bedrooms, 1 bathroom, 1,260 sqft, 4,000-sqft lot, MLS(r) #40382108, $419,900
Great east end location. Needs TLC, but huge potential. [...]

1011-broadway-street-view.jpg
First of all, it's not really an east end location--it's on the west side of Broadway. Second, I fail to see how a n ugly 1940s-era bungalow in bad shape need of "TLC" on a small lot right by Otis has "huge potential." Third, if it needs TLC, why the hell did you buy it for...

Last sale and tax info

Sold 10/07/2005: $560,000
2008 Property Tax: $7,236
and quickly proceed to do very little to fix it up and unleash its huge potential? Might it be because you paid way too much and ran out of money?

There appears to be an infinite supply of idiots running around loose and buying houses in Alameda. Be careful out there.

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This page contains a single entry by L. Opine published on November 20, 2008 11:27 PM.

Solid--221 Central Avenue, Alameda, CA 94501 was the previous entry in this blog.

Amazing bones--3016 Lincoln Avenue, Alameda, CA is the next entry in this blog.

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