Still, the proximity to a potentially major environmental problem was enough to further dissuade already jittery lenders and would-be buyers from consummating any deal for the property in a declining market.
"I've had seven offers in the past three months and they've fallen out of escrow because of this one thing," said Cynthia Kortcamp, the Re/Max Beach Cities agent with the listing.
"This property should have been sold, but it's not sold because of the issues, so poor Julie reduces, reduces, reduces," she added. "We're down to $386,000. - You cannot buy a property on a lot anywhere in Torrance for this price. It's just frustrating. I told Julie I want to take my (for sale) sign off (the property). There's pretty much nothing I can do."
"This is a nightmare," she said. "It's a tragedy for everybody on that street. I'm lucky. I have another place to live. Those people don't."
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