NELA Flipping is Alive & Well in Mt. Washington
25 Saturday Aug 2012
Debuting today is a 1987 Contemporary in Mt. Washington. Originally purchased in March 2012 for $375k, this home was one of the best picks for a relatively easy cosmetic flip with incredible views. For those who thought flipping was winding down, it can’t be further from the truth. The buyer’s desire may be waning, but the homes certainly are not.
Priced at $599k, it features an open floor plan, sweeping views and multiple balconies over 3 levels. While “easy” is relative, it’s important to note that even cosmetic fixers can be costlier than homes that require structural repairs. Noting by the “before” pictures, as well as my own recall from seeing it before, they spent a pretty penny. For more information or to view, let me know.
4648 Glenalbyn Dr., Los Angeles, 90065
3 bedrooms/2.5 baths
1611 sq. ft., 2942 sq. ft. lot
Complete Redo, Views, Open Floor Plan