Bidding Wars Break Out for Tear-Down Mansions

Bidding Wars Break Out for Tear-Down Mansions

Rodeo Realty Inc. via Bloomberg

This home located in Santa Monica two blocks from the beach, was sold in mid-April for $2.85 million after receiving multiple bids within the first week of having been listed. The agency that sold it to a husband-wife couple with four kids was Beverly Hills-based Rodeo Realty Inc.