Echo Park cottage (left) and Atwater Village Spanish Colonial. Photos from Redfin.com
Some home flippers are probably salivating over two old homes that recently came on the market in Atwater Village and Echo Park. One property is a 1930 Spanish Colonial style home (top right photo) with “urine soaked” floors and “questionable” plumbing and heating systems. The 864-square-foot Silver Lake Boulevard home (yes, Silver Lake Boulevard extends into Atwater) is priced at $239,000. Meanwhile, in Echo Park, a nearly century-old “fixer gem” (top left photo) has retained many of its original features and does not appear to need as much work as the Atwater house (at least there is no mention of urine soaked floors). But priced at $455,000 the Echo Park cottage at the base of a winding stairway on Avalon Street is much more expensive. What’s the better deal if you are planning to fix and flip or move up in a five years?