06-17-2009, 07:43 PM
2,199 posts, read
4,167,650 times
Reputation: 1610
Wow, Montana Ave. is a Ghost Town!
I can't believe how many shops and restaurants have closed in the past six months! It seems every other store is empty and "going out of business" signs are everywhere.
Yet, Westside real estate continues to perk right along, with backup offers galore on homes priced north of $650K.
06-17-2009, 07:47 PM
Location: Burbank
1,204 posts, read
2,315,727 times
Reputation: 387
Ventura Blvd is looking the same way...
06-17-2009, 07:48 PM
1,077 posts, read
2,038,240 times
Reputation: 602
Montana ave is very overpriced real estate. When the rents come down to reality the stores will return.
06-17-2009, 07:56 PM
2,199 posts, read
4,167,650 times
Reputation: 1610
Quote:
Originally Posted by
KnoxTown
Ventura Blvd is looking the same way...
I was on Ventura yesterday, and I noticed it. But on Montana, you'll pass four stores in a row closed down. It's unreal! I lived right off Montana during the last "big downturn" and it was nothing like this.
06-17-2009, 08:18 PM
Location: Burbank
1,204 posts, read
2,315,727 times
Reputation: 387
Quote:
Originally Posted by
BennyPhoenix
Montana ave is very overpriced real estate. When the rents come down to reality the stores will return.
I agree with this. The whole market needs to correct itself, it takes time.
06-17-2009, 09:01 PM
1,077 posts, read
2,038,240 times
Reputation: 602
Quote:
Originally Posted by
KnoxTown
I agree with this. The whole market needs to correct itself, it takes time.
Montana ave real estate was especially overpriced.
06-17-2009, 10:04 PM
Location: Los Angeles, Ca
2,493 posts, read
2,410,259 times
Reputation: 2299
I havent been to montana ave in years....use to go trick or treating north of there....is that still the hot spot in santa monica?
06-18-2009, 06:55 AM
2,199 posts, read
4,167,650 times
Reputation: 1610
Montana is ridiculously overpriced. It always has been. But so is Melrose, Abbot Kinney, the Sunset Strip and Rodeo Drive. Main Street is right up there, too. I just wonder why Montana has been hit so much harder. The real estate market in Santa Monica certainly isn't suffering.
06-18-2009, 07:51 AM
1,077 posts, read
2,038,240 times
Reputation: 602
Montana was hit harder for several reasons. Business taxes in Santa Monica are higher than surrounding cities and Regulations are worse. Also, the area doesn't get the same traffic volume as Melrose, Rodeo, or Abbot Kinney.
06-18-2009, 10:25 AM
Location: Sawtelle District
122 posts, read
246,618 times
Reputation: 44
Haven't been to Montana Ave. in a while, but I can only imagine that in this economy that even the relatively well off won't tolerate the prices their. Even the storefronts along Westwood Blvd. and Gayley Ave. seem more vacant than usual. That Palazzo they put in Westwood Village also hasn't lived up to it's hype, plus it looks like crap.
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