Out of the Shadows

We spent a couple posts on the Hancock Lofts (901 Hancock Ave), most recently back in April when the first unit appeared to come on the market.

At the time, "Full Disclosure" provided this insight: "At 4/23 WEHO Planning Commission hearing, local realtor said two "Hancock-ed" units were in escrow, one for $1,000K, other in $900Ks."

Well, now two additional units have come on the market:

Unit #207 is a 1+1 in 1,119 sq ft listed for $850,000

Unit #402 is a 1+1 in 1,042 sq ft listed for $935,000

Both have monthly HOA dues of $550

PropertyShark shows no sale records for the building.

Redfin, interestingly, lists 3 units as having sold - these two, plus #310 (although no sale price for any). I wonder if that's just paper pushing, or the developer getting cute and listing his/her units.

In any case, with 31 units in the building, looks like there are plenty more to come out of the shadow inventory in the coming months. Or will these become rentals? To paraphrase a previous commenter, at least you don't have to go far to get your car washed ...