11th Friday Oct 2013

Highland Park House Flipping Still Alive & Kicking

Written by: Vanessa
Comments: 0
Category: Flip Watch

553 Meridian Terrace, Los Angeles, 90042

1922 California Bungalow: 553 Meridian Terrace, Los Angeles, 90042

1922 California Bungalow: 553 Meridian Terrace, Los Angeles, 90042

If you think flipping in Northeast L.A. is over, the folks at this 1922 California Bungalow in Highland Park certainly don’t think so. Sold in June 2013 for $355k, it resurfaced with a shiny new sticker price and nearly everything else you can throw into a higher-end flip.

Priced at $519k, sadly, very little of the old house remains–not even the typically restorable wood floors. Features include soaring vaulted ceilings, an open floor plan, modern kitchen, roomy walk-in closet and new systems.

Obviously, they dropped some serious cash here (by my estimate, about $60-80k) and are hoping you think the +$164k resale is worth every penny. What do you think? For more information, contact Vanessa Yan.

553 Meridian Terrace, Los Angeles, 90042
$519k
2 bedrooms/2 baths
956 sq. ft., 4600 sq. ft. lot
1922 California Bungalow
Vaulted Ceilings, Open Floor Plan, Walk-In Closet

Living room with vaulted ceilings and wood floors

Living room with vaulted ceilings and wood floors

Open floor plan

Open floor plan

Kitchen with farmhouse sink and butcher block counters

Kitchen with farmhouse sink and butcher block counters

Bedroom with walk-in closet

Bedroom with walk-in closet

Bath with glass enclosure

Bath with glass enclosure

Patio and yard. Courtesy of Brian Fitzburgh – Fitzburgh Realty

Patio and yard. Courtesy of Brian Fitzburgh – Fitzburgh Realty

For more information, contact Vanessa Yan.

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