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Wednesday, September 28, 2016

Fast flippers put Highland Park bungalow on market

One of the important rules to fixing and flipping houses is to get a property back on the market as soon as possible. That seems to be a guiding principal behind a new listing for a 1921 bungalow at 6202 St. Albans Street in Highland Park (ignore that “Eagle Rock” label above the photo). The almost 1,000-square-foot home sold for $150,000 on Sept. 22 and was back on market on Oct. 29 at $349,000, according to Redfin.  The investors seeking to resell this house for nearly twice what they paid last month also followed the flipper decorating guide, repainting the exterior gray, the front door chartreuse and installing horizontal siding to finish things up.



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11 comments

  1. Sorry Ikea make overs will not make up for the fact its a thimble sized place in the worst gang territory in los angeles “AVEs GANG” The house flippers in for a quick buck should research the place were they buy before trying to con some one into this American horror story.

  2. Shadowpark can’t say i agree with you. I would say this your assessment of the area is a bit skewed. True this house is tiny and the decor looks like it feel off an ikea truck but the idea that this is located in AVE Gang territory is a stretch. I wont spend time arguing with a troll all I have to say is this is a poor example of a good flip. The property looks like it was quickly slapped together with all the cliché trappings (horizontal fence,grey color,mulch yard etc etc) but please stop with the fear tactics. I’ve lived here almost 9 years now and find your statement ” worst gang territory in los angeles “AVEs GANG” troubling and misleading.

  3. @ rew
    Lived in Los Angeles 30 yrs now your some idiot if you cant even read the graff in your own neighbor hood?? Here I will throw down the gauntlet for ya go jogging on your neighbor hood after dark if you even really live in highland park.

  4. Well its no Mayberry but thats what I expected or said. I live here and have for the past 9 years this area is a diverse vast and vibrant community with lots to offer. There are many new as well as older businesses that cater to a large and diverse community as well. As to your assessment of all of Highland Park I take exception to. The area you spoke of and where this property is located is not as you say Ave Gang territory. Unfortunately we live in an urban environment the city of LA. But the notion which you depict is nonsense and sensationalist. As to the notion of going jogging at night wow what a ridicules statement. I do however go out at night for other events and activities and in my nine years in this neighborhood have not run into any trouble. But go ahead and continue your negative and attack on our community while the growth of new business like “Maximilliono , The York, Cafe Lobos, Cafe de Leche,Anatomy,etc and older establishments like El Arco iris, Galgos,etc continue to make investments in this( What that again worst gang territory in los angeles “AVEs GANG”) I guess we’re all idiots. But you know best standing on the sideline shouting fire and exciting people with rhetoric that don’t contribute anything but incite fear especially when painted with a broad brush.

  5. i think people who flip houses this quickly should be taxed higher. people like this are exactly the reason why good honest people who just want a place to raise their kids can’t afford a house. I agree..ikea all the way.

  6. Steve Jones and Better Shelters flip houses in Highland Park all the time. Yet, no one complains about him, not pulling permits, marking up the properties up by 250k. And now Steve Jones is Highland Parks personal spokes person as he just came out on KCET explaining how Highland Park is changing. Really, it is, but can’t remember the last time I took my dog for a walk and saw Steve Jones exiting his personal home in Higland Park. Why not get residents of Highland Park to comment on it, not a man that leaves 1hr away from Highland Park. P.S. the investors are taxed higher. We should ask Steve Jones personal spokesperson for Highland Park what he makes per house he flips. I know I want to pay 530k for a house with a wall heater that as a fixer only cost 260k, that is a 270k markup in less than 3 months. Wow!

  7. Hey Daniel whats your deal are you on a mission or have a personal vendetta on Steve Jones of Better Shelter?You have the same post on another story about real-estate in Highland Park.Just wondering cause it’s a bit weird,

  8. Hey Daniel I owe you bit of an apology I just reread your post. You do have a valid argument regarding Steve being interviewed as a Highland Park resident you are correct he does not reside her. But he has become the face and voice of the area through the media. I can’t confirm your allegations whether or not he pulls permits or not but would say I welcome some of the attention happening to the neighborhood that is not negative for a change. As a property owner myself and for the many folks who have relocated here over the years we know why we chose this area. It has some great amenities and has a rich cultural and historic identity. There is nothing cooky cutter about this area(although with some of these flips there starting to all look alike) and that is what attracts us to it. Some flippers have found us and are takung advantage of the growth and change. It’s a mixed bag some are doing a horrible job at it and some are doing a fantastic job of keeping the integrity of the home. Those that purchase these homes do it for several reasons. I myself am pretty handy and have made my own improvement on my property and there are a number of creative and skilled folks who have done the same thing. They are able to see the diamond in the rough but not all people process those skills so here comes the flippers to accommodate there needs. I’m not saying these flippers are right or that they are doing it for noble reasons,Im not that naive. But it is bringing value to our neighborhood so longly neglected and overlooked.

  9. Rew3,

    Sorry, but i know a lot of decent men that are licensed and bonded contractors, good contractors that make a hard living doing construction that are forced to work with permits, plans, and engineers because they chose to be legitimate. Just seems unfair that these good men, Hispanic and White can no longer find work as flippers hire cheap labor, pull no permits, remodel a house in 30 days, and boom make an 80k profit. And these hard working American men live, reside, and own their only home in Highland Park. These men do not have Steve Jones wallet, but they know their trade, and it was once and honorable trade. Garauntee you ask Jones the horizontal strength of a 2×6 and he would sit there dumb founded. There is a certain hypocracy in a man that can do business here, but would not want his children going to Franklin or the middle schools in Highland Park. Jones does what most men do: they come in, bleed an area for its resources, they leave. Corporate raiders do it, hedge fund managers do it, oil companies do it. I know of a flipper that cleans entire blocks when he flips a house. Will even paint neighbors fences for free. Offers free construction work for neighbors but he does have a limit. This investor did a flip in such a bad area he was paying the avenues gang members off, he got broken into 3 times. In the end he ended up hiring local kids and even taught them about construction. He has been doing flips/projects in Highland Park and so have others for 10 years but no one talks about them. Steve Jones will be gone as soon as Highland Park is juiced.

  10. Daniel you make some great points and wont argue with you about Steve and his motives I can’t speak to the permit issue so I’ll take your word for it. As to the issue regarding skilled construction guys being pushed aside for low wage workers I agree completely. I am a union painter ( for film and television) and have seen a decine of construction work and a steady growth of cheap labor. Unfortunately we are all some what responsible for it we’d rather go down to home depot and hire a day laborer than hire a licensed contractor.
    As to the flipper paying off gang members it’s truly awful he/she had to resort to that. It’s great they hired some local kids and taught them a trade. The act is noble and deserves praise but the idea someone has to pay someone off just to clean up neighborhood is sickening to me . I for one can’t understand that kind of social devient behavior but it’s what we have to put up with because a few decide to keep us all hostage by there terrorist acts.
    But I don’t want to get into that argument I just want to say you are correct that an outsider has come in to use the resources and he/she have bent the rules to suit there name/cause some are disenfranchised by this but lets be honest most of the licensed do the same thing. That doesn’t escuse it though. As to the local hire I don’t rea contractors listically see most being hired anyway because lot of there contacts and fellow contractors live outside of this area.
    As far as the local school situation one would have to be def and blind not to recognize how dysfunctional and messed up they are. I have two young boys and I like many (both new comers and older residents) have to decided to opt out of the local schools and seek alternatives which have sprung up here in the neighborhood the last 10 years or so. I’m not going to argue the merits of these institutions I am a product of public and private schools back east in a rough and tumbled city Baltimore and know what being subjected or left with inadaguit schools can reep.
    Daniel you make some great points and wont argue with you about Steve and his motives I can’t speak to the permit issue so I’ll take your word for it. As to the issue regarding skilled construction guys being pushed aside for low wage workers I agree completely. I am a union painter ( for film and television) and have seen a decline of construction work and a steady growth of cheap labor. Unfortunately we are all some what responsible for it we’d rather go down to home depot and hire a day laborer than hire a licensed contractor.
    As to the flipper paying off gang members it’s truly awful he/she had to resort to that. It’s great they hired some local kids and taught them a trade. The act is noble and deserves praise but the idea someone has to pay someone off just to clean up neighborhood is sickening to me . I for one can’t understand that kind of social deviant behavior but it’s what we have to put up with because a few decide to keep us all hostage by there terrorist acts.
    But I don’t want to get into that argument I just want to say you are correct that an outsider has come in to use the resources and he/she have bent the rules to suit there name/cause some are disenfranchised by this but lets be honest most of the licensed do the same thing. That doesn’t excuse it though. As to the local hire I don’t see local contractors being hired here anyway because lot of there contacts and fellow contractors live outside of this area.
    As far as the local school situation one would have to be def and blind not to recognize how dysfunctional and messed up they are. I have two young boys and I like many (both new comers and older residents) have to decided to opt out of the local schools and seek alternatives which have sprung up here in the neighborhood the last 10 years or so. I’m not going to argue the merits of these institutions I am a product of public and private schools back east in a rough and tumbled city Baltimore and know what being subjected or left with inadiguit schools can reap.
    I come from an immigrant family that moved here in the states in the early seventies and saw what choices were left to us poor neighborhood(s) and most people didn’t like it and sought alternatives if they could afford to or moved,which I suspect has happened her in the past as well. I have come across a number of former Highland Park residents who have or had family roots here for several generations and they left because of safety and the failure of the schools. Things are turning around now and both older and newer residents are investing in the area and making the necessary improvements to make this a safe and family friendly neighborhood. So excuse me when I hear or read things about “want his children going to Franklin or the middle schools in Highland Park”

  11. Sorry for the rambling on and for t repeats and misspell sometimes I get myself worked up especially when it comes to these issues .

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