Another commercial (real estate) Christmas

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You know how it is. You want to get that certain someone a very special holiday gift, but you would prefer to find it on sale at a big markdown -- something like, say, 40% off. If your loved one has always wanted an income-producing property, how about surprising him or her with a nice parking lot? An enterprising real estate broker at CB Richard Ellis is promoting one of his listings as a ‘holiday special,’ with the price reduced from $1.5 million to just $899,000. For that you get 7,144 square feet of asphalt on Witmer Street, just a few blocks west of downtown Los Angeles near Good Samaritan Hospital. It might be a lovely spot to build condominiums or apartments. Someday.

-- Roger Vincent