Developers Eye Storm-Ravaged Long Beach Oceanfront Home After $2m Cut

This Long Beach home was a tough sell, until waves crashed into it

A beautiful home on the Long Beach peninsula hit the market for $4.95 million in August but only appealed to buyers after Tropical Storm Rachel in October.

Developers eye storm-ravaged Long Beach oceanfront home after $2m cut

The four-story property was declared unsafe after October's storms smashed through its lower levels, leaving extensive damage. Despite fears of further destruction developers are lining up to buy it.

No one wanted this Long Beach home until waves crashed into its living room

An oceanfront home on the Long Beach Peninsula couldn't find a buyer at $4.95 million. But after it was damaged by massive waves, its price dropped and it's getting plenty of interest.