Well, house flipping is back and bigger than ever. No more amateurs on the scene like before, today it’s professional investors grabbing up all the houses and properties and driving up prices.
Redfin has reported that Los Angeles had the highest number of flips in 2013 and 2014, so far. The houses being flipped arn’t just little shacks in run down neighborhoods either. The new breed of flipper have started moving into the higher end market and it seems to be paying off with big gains. The average flip in 2013 made $126,100; thats the sixth highest market in the U.S. following the Bay Area cities, Long Island and Boston.
$1,799,000 : 445 N MARTEL Avenue, Los Angeles
3 beds, 3 full baths
Home size: 3,061 sq ft
Lot size: 6,999 sqft
Year built: 2001
Days on market: 0
$1,700,000 : 10300 NORTHVALE Road, Los Angeles
3 beds, 1 full, 1 three-quarter, 1 half baths
Home size: 1,906 sq ft
Lot size: 8,215 sqft
Year built: 1947
Days on market: 0
$1,099,000 : 3921 BRILLIANT Drive, Los Angeles
4 beds, 3 full baths
Home size: 2,435 sq ft
Lot size: 5,393 sqft
Year built: 1988
Days on market: 0
$875,000 : 836 ONEONTA Drive, Los Angeles
4 beds, 2 full baths
Home size: 1,742 sq ft
Lot size: 6,674 sqft
Year built: 1981
Days on market: 0
$3,650,000 : 1 W CENTURY Drive , Unit 16D, Los Angeles
2 beds, 3 full baths
Home size: 2,500 sq ft
Lot size: 3.70 ac
Year built: 2010
Days on market: 0
Walk Score®: 90
$3,550,000 : 1 W CENTURY Drive , Unit 15D, Los Angeles
2 beds, 3 full baths
Home size: 2,500 sq ft
Lot size: 3.70 ac
Year built: 2010
Days on market: 0
Walk Score®: 90
$439,000 : 476 Solano Avenue, Los Angeles
2 beds, 1 full, 1 three-quarter baths
Home size: 1,158 sq ft
Lot size: 5,836 sqft
Year built: 1903
Days on market: 0
Walk Score®: 49
$2,495,000 : 1301 DEVLIN Drive, Los Angeles
3 beds, 2 full, 1 half baths
Home size: 2,348 sq ft
Lot size: 11,663 sqft
Year built: 1958
Parking spots: 2
Days on market: 0
Walk Score®: 74
$375,000 : 4040 Via Marisol , Unit 119, Los Angeles
2 beds, 2 full baths
Home size: 1,100 sq ft
Lot size: 13.88 ac
Year built: 1981
Parking spots: 2
Days on market: 0
Walk Score®: 6
$330,000 : 2642 S Cochran Avenue, Los Angeles
3 beds, 2 full baths
Home size: 984 sq ft
Lot size: 4,805 sqft
Year built: 1924
Days on market: 0
Walk Score®: 77
$600,000 : 5233 Hub Street, Los Angeles
3 beds, 1 full bath
Home size: 1,398 sq ft
Lot size: 6,006 sqft
Year built: 1922
Parking spots: 2
Days on market: 0
Walk Score®: 82
$649,900 : 3508 8th Avenue, Los Angeles
2 beds, 1 full bath
Home size: 1,192 sq ft
Lot size: 5,806 sqft
Year built: 1911
Parking spots: 2
Days on market: 0
Walk Score®: 77
$800,000 : 1830 Griffith Park Boulevard, Los Angeles
3 beds, 3 full baths
Home size: 1,493 sq ft
Lot size: 1,875 sqft
Year built: 1993
Parking spots: 2
Days on market: 0
Walk Score®: 83
$989,000 : 2715 Veteran Avenue, Los Angeles
3 beds, 1 full, 1 three-quarter baths
Home size: 1,193 sq ft
Lot size: 6,190 sqft
Year built: 1940
Parking spots: 2
Days on market: 0
Walk Score®: 63
$849,000 : 1155 S GRAND Avenue , Unit 1104, Los Angeles
1 bed, 1 full, 1 half baths
Home size: 1,230 sq ft
Lot size: 1.21 ac
Year built: 2008
Days on market: 0
Walk Score®: 94
$3,350,000 : 1728 WARNALL Avenue, Los Angeles
5 beds, 4 full baths
Home size: 3,750 sq ft
Lot size: 6,500 sqft
Year built: 2009
Days on market: 0
Walk Score®: 86
$799,000 : 4801 NOB HILL Drive, Los Angeles
2 beds, 2 full, 1 half baths
Home size: 1,350 sq ft
Lot size: 6,095 sqft
Year built: 1926
Parking spots: 1
Days on market: 0
$350,000 : 6102 Mesa Avenue, Los Angeles
2 beds, 1 full bath
Home size: 700 sq ft
Lot size: 1,749 sqft
Year built: 1914
Days on market: 0
Walk Score®: 88
$2,095,000 : 2528 CARMAN CREST Drive, Los Angeles
4 beds, 4 full, 1 half baths
Home size: 3,963 sq ft
Lot size: 12,912 sqft
Year built: 1977
Days on market: 0
Walk Score®: 1
$225,000 : 757 W 106TH Street, Los Angeles
2 beds, 1 full bath
Home size: 852 sq ft
Lot size: 4,802 sqft
Year built: 1923
Days on market: 0
Walk Score®: 65
$344,000 : 157 W 46th Street, Los Angeles
3 beds, 1 full bath
Home size: 1,026 sq ft
Lot size: 3,905 sqft
Year built: 1906
Days on market: 0
Walk Score®: 83
$448,000 : 1360 S Redondo Boulevard, Los Angeles
2 beds, 1 full bath
Home size: 832 sq ft
Lot size: 1,966 sqft
Year built: 1926
Days on market: 0
Walk Score®: 88
$1,449,000 : 10368 SUMMER HOLLY Circle, Los Angeles
3 beds, 2 full baths
Home size: 2,095 sq ft
Lot size: 9.28 ac
Year built: 1969
Days on market: 0
Walk Score®: 48
$539,000 : 11750 W SUNSET , Unit 122, Los Angeles
1 bed, 1 full, 1 half baths
Home size: 841 sq ft
Lot size: 40,679 sqft
Year built: 1965
Days on market: 0
$169,000 : 4125 S Figueroa , Unit 117, Los Angeles
1 bed, 1 full bath
Home size: 585 sq ft
Year built: 1927
Days on market: 0
See all City of Los Angeles.
(all data current as of 8/24/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
The post If Flipping is a Sign of a Hot Market, LA is Hot! appeared first on John Crow Real Estate.
from homes http://www.sobayre.com/flipping-sign-hot-market-la-hot/
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