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Saturday, December 20, 2014

Eastside Property: Speedy Highland Park flip lands on the market

Photo by Tech-MLS/Redfin

House flippers are racing against time when it comes to buying and selling homes. But the investors selling this 112-year-old Highland Park house are apparently on a very fast track. The two-bedroom cottage on the 800 block of Milwaukee Avenue near York Boulevard was put up for sale on Thursday, less than two months after it was purchased, according to Redfin.  Since then, it appears that the home has been redone with a new kitchen and bathroom as well as new electrical, plumbing and heating systems. The makeover budget, however, apparently was not big enough for the requisite drought-tolerant landscaping and wood mulch because the tiny, 764-square-foot house appears to be floating in the middle of a big lawn. The owners, which purchased the property for $212,500 at the end of January, are asking $369,000.



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11 comments

  1. I don’t think a 764-square-foot house is “tiny;” I live in a 487-square-feet one-bedroom house, and I think 764 square feet is perfect for one or two people – and manageable for three people.

  2. I really like the minimalist feel to the exterior of this place. I’d just plant a few shade trees on the property and get a few bigger rocks to edge out what looks like a driveway.

  3. Lets see. House is north of York within walking distance to the hip spots. Price is right. This will be pending and sold in sold within 3 months. Hipsters need to get in highland park before they can or else they will be pushed out to el sereno.

  4. Cute house, flippers. Also, nice to see you didn’t get too greedy about the resale price. Considering how saturated the market is with pretty, but ambitiously overpriced flips, looks like they saved themselves 3-4 months and priced it for a quick sale.

  5. An earlier photo of the house (street view from Bing map on the listing) shows it completely bare of grass…old metal storage shed where there is now a concrete pad…so maybe they tried to get grass to grow…used to have chain link fence, the wood is a visual improvement, definitely.
    What is really great about the property is the size of the lot…look at it from overhead; the lot is almost double that of the house next door (which appears to take up all of its lot.
    The other house with all the wonderful arroyo round stones used to make the perimeter walls looks very interesting–but with the care taken with their plantings, doubt it will be available. Bet they’re glad the sale house was fixed up…

    The small back deck looks as if it could have the wall to the bedroom changed to a french door–too expensive for this flip and the time limit they set but I bet the salesperson will point this out…and that room could be used for other than a bedroom, really expand the options.
    No air conditioning but a couple ceiling fans would help, and perhaps a ceiling exhaust fan in the little dormer window.
    The built-on table in the kitchen is another good idea…I think this is aimed at those on a limited budget who want to buy and then improve as time goes on.
    I think not showing it furnished is another good idea…I am not in the market for a home but I know while I love seeing houses nicely presented with great furniture, etc., I think a bare house allows one to see one’s own interpretation of space.

  6. I have been driving by this dilapidated shack for years. It’s nice to finally see it renovated…and in record time.

  7. this shack is a god damn roach hotel, I laugh @ the price …

  8. The house is small in terms of square feet compared to other homes in Highland Park. The lot size which is over 8000 s.f. (.19 acres) is large for HLP sizes and maybe many lots in Los Angeles. You can if one wanted, build a guest house or garage or pool, in the future. There is plenty of backyard space for great BBQs.

  9. We are looking in this price range in the area and are seeing what’s coming up and just how fast the good stuff is pending. I don’t like these houses with no garages, as most of the areas with no garage or 1 car garage have nearly impossible to find street parking. Does this bother anyone moving into these areas?

    No matter what it’s good to see ugly falling apart houses turned into something nice to look at. It’s very fun to drive down the streets checking out how many houses have been renovated.

  10. The Redfin photos look like there is a path for a car to park in a “driveway/dirt road”. I grew up in HLP and as long as you don’t live near many apartments, you can find parking in front of your home or nearby. Even if people have car garages, many people never use them for cars, it is always for storage, so they park in the streets. The only days you’ll find it difficult to find parking in HLP are street cleaning days.

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