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Los Angeles Times
Source: Los Angeles Times
9 HrsLos Angeles Times
Source: Los Angeles Times
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A storm-damaged home on Long Beach’s peninsula, previously listed for $4.95 million, was relisted for $2.9 million after being red-tagged as unsafe following October’s Tropical Storm Rachel. The reduced price has drawn developer interest, with two offers made; agent Andy Carter estimates about 70% of the house can be salvaged. Investors face risks from coastal erosion and possible further storms, alongside high interest rates and construction costs.
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