Troll-like home under bridge in LA listed for $365k – realestate.com.au

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For those seeking for a home in a big city, this affordable one-bedroom home is quite the bargain.

Located on the side of a bridge over a shallow stream in the city of Alhambra, this troll-style abode is among Los Angeles’ most affordable properties — and interested parties are clamouring to scoop it up.

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“There are 10 properties in LA County under $250,000,” Compass agent Douglas Lee, who holds the $365,000 (US$249,950) listing, told The Post.

“It is unique and has drawn a lot of attention. This can easily be converted to a modern treehouse and then rented on Airbnb.”

In addition to its relative affordability in a brutal real estate market, the 43 sq m dwelling has also gotten a great deal of interest from those simply seeking a peek inside.

“I decided to just do open houses for an hour Saturday, and an hour Sunday,” Lee told local news outlet KTLA5.

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“Even on that we had at least 40 to 50 groups within that hour coming because they were just curious to see.”

As well as having a quirky location and a palatable price tag, the waterfront unit also features a rooftop patio that is almost the same size as the home, but separated by only a metal fence from the adjacent street.

But buyers should be aware that the one-bathroom pad has been empty for nearly 20 years, with the current owner using it mostly for storage after buying it for just $72,000 in 2005.

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“[He] basically was going to try and use it as like kind of a man cave, a place to just chill out, meditate or whatever. But he never really got around to that,” Mr Lee told KTLA5.

As a result of the non-use, a number of renovations are in order, including roughly $3,000 worth of mould removal.

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This story first appeared in The Post and was republished with permission.