Los Feliz, Los Angeles Flip Deal of the Week.
The Best Deal in Los Feliz…Right Now!
Just listed at $899,000 – at $345 per sq.ft. This property is being offered with a 2 bedroom guest house and is within walking distance of Hillhurst Ave. This home will benefit tremendously from a remodel. Please contact me for all the details on this beautiful 1914 Craftsman.
List of features:
- 3 Bedrooms
- 2 Baths
- 1,484 sq.ft.
- 6,534 sq.ft. lot size
- Built in 1914
- Original crown moldings
- Hip neighborhood
- Guest house with 2 beds / 1 bath
- Guest house has 1,120 sq.ft.
MLS listing information, photos, and maps.
Agent notes: Stunning 1914 Craftsman on a beautiful tree-lined street in the desirable Los Feliz Village. This home offers Original Crown Moulding, hardwood floors, classic built-ins, spacious backyard with fruit trees. TONS of storage space, and a porch swing you’ll love. A guest house provides investment protection with secure and easy income with rent value that holds solid through economic condition. (proven through 2008-present) This property is not only beautiful, it’s a smart buy. The guest house has 2 bed, 1 bath. Hurry won’t last!!
When buying and selling a flip on behalf of a client, it is crucial to know the neighborhoods, know the comps, and be conservative in all figures. This particular property can be fully remodeled to maintain its original Craftsman character and original built-ins. The kitchen and bathrooms need to be remodeled, but careful attention must be placed into blending the remodel into the original feel of this home. The guest house can be remodeled into an office/studio, and this would be a huge benefit to any buyer in this neighborhood. I believe that this property is really over-priced, and a conservative estimate on the final retail value of this home is $950,000.
Chris Teutsch of Avante Interiors does exceptional work, and he is my contractor of choice in Los Angeles. Chris has conducted several high-end remodels and flips in Los Feliz over the past couple of years. You can discover more about Chris Teutsch and Avante Interiors on our Affiliate page.
Chris will create a complete estimate for this property. I think you will be amazed at how much profit is available as a flip potential and equally amazed at what a beautiful home this will be for an owner-occupant.
If you are searching for a great flip in Los Angeles, I will find it. Please contact me today about this home or any of your real estate needs.
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