Half a million dollars for 480 square feet

[Hum]

In L.A.?s hottest neighborhoods, half a million dollars won?t buy you much. This tiny home, just 480 square feet, recently hit the market in the Los Feliz neighborhood with a price tag of $449,000. :huh:

That will get you one bedroom, one bathroom, a small galley kitchen, a living room and an office, as well as a stone-covered front yard. Central air is not included.

?Price-wise, it really stands alone, because the only direct competition at this price-point are condos,? said Tracy Do, the home?s listing agent.

The owners have made the most of their limited space, adding a picnic table and seating lounge to the front yard, which is gated with a rustic wooden fence. The minimalist interior and natural light flooding in from the windows keep the home looking spacious, despite its tight quarters. The earthy green tones of the 1920 California bungalow and kitschy memorabilia inside perfectly match the atmosphere of the neighborhood.

But it?s not just the house you?re paying $935 per square foot to get; it?s the location.

?There's a clear trend in the growing interest that people have in living with less, in smaller-footprint homes that are more accessible to work, play and public transit,? Do said.

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[LittleNeutrino Veteran]

that is actually not bad compared to some of the houses out where my family beach house is in Massachusetts, A few houses down from  us there was a 3 Bedroom cottage that sold for several million, and it did not have any laundry facilities at all just 3 bedrooms 1 bathroom a small kitchen and a sitting area. 

[UseLess]

Haha that's cute. You should see prices in Perth! If you're talking "hottest suburb" in Perth, the closest I could find was a 2 bedroom house. Play guess the figure then click here. Keeping in mind AUD$1 ~  USD$0.9

[Growled Member]

As they say, location is everything. That's why I try to live out a bit and get some cheaper prices.

[Hum]

I'd tear the house down, and build something three-story.