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Posted by on Jul 12, 2012 in Bubbleinfo TV, Builders, REOs for sale | 5 comments | Print Print

Seahaus REO

Thanks to SD_Coastal for tippng me to this beauty, a bank-owned unit in the Seahaus condominium in La Jolla’s Bird Rock.  Barratt American was the developer who has since gone bankrupt, making homeowners pursue other entities to fix the construction defects.

Kelly covered this in her article from July, 2010:

http://www.voiceofsandiego.org/housing/article_8a26ee30-7da9-11df-9cd4-001cc4c03286.html

An excerpt:

Homeowners assert that while the complex was being constructed, the beams used to frame the buildings were exposed to the winter rain and got wetter than recommended, but weren’t thoroughly examined before the building’s walls went up.

A smaller group of homeowners now filed another lawsuit last month piggybacking on the homeowners’ association’s claims, saying the developers and construction companies fraudulently concealed interior water damage from homeowners to compel them to pay top dollar for the ocean front units.

It’s not unusual for new condo owners to sue their developers for construction defects like leaky windows and electrical wiring issues. Seahaus owners make those allegations here, too. But what makes this litigation unusual is that these homeowners are talking about the safety and soundness of their homes’ skeleton.

And the questions about that safety and soundness aren’t easily answered. Finding the answers involves opening the walls of the complex.

Instead of sawn wood or steel beams, Seahaus’s skeleton is made of “parallel strand lumber” beams — long strands of wood from small trees glued together to make beams. The homeowners’ lawsuits allege that the developers knew the rainy winter of 2005 was exposing the buildings’ frames to rain, that they knew the beams could become an unglued mushy mess.

“They told me everything was going to be top-of-the-line, it was going to be nice, it was going to be great,” Alkasabi said. “But this place is full of nightmares.”

Alkasabi said he was told before he bought that the structure would be framed with steel beams, not the strand lumber. The condos would be soundproof and top-of-the-line, he said.

Alkasabi said he’s seen mushrooms grow out of stucco because of moisture inside. He refuses to walk under certain corridors. Inspectors found three colors of mold growing in his living room wall, he said.

When he complained about a construction issue in one of his units, he said, the developers quickly planted a palm tree squarely in front of his view.

5 Comments

  1. I don’t care what anyone says. That is RIDICULOUS pricing from 2005. Even for the time.

    Personally, I think 850 is still very high considering the HOA and possible construction defects, lack of financing, etc.

    One thing I’ve learned… the closer people get to a body of water, the stupider/crazier they get.

    Chuck

  2. Any price is risky with an open-ended ticket on the other end. If they start tearing out structural beams, it could get very expensive.

    The chance of there being a special assessment is high, and five-figures minimum.

    But if you have lousy representation and a bucketful of cash, you may not know what’s coming.

    The seller (WFB) doesn’t have to disclose anything, and if the buyer just glances over the hundreds of pages of condo docs, they might not catch it.

    If/when this closes, let’s check the buyer’s agent. A box of donuts says they are from outside of La Jolla.

  3. “those skateboarders drive me crazy”

    Get off my lawn! :D

    11870138

  4. That is some very unattractive marble in the bath.

    I like the big balcony and the great room. The kitchen is nice, but very un-beachy.

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