The newest flip to hit the Highland Park market is this 1927 Spanish Bungalow. Highland Park Real Estate  is on fire for both home flippers and people in search of an alternative to the more expensive Silver Lake & Echo Park. Here are some details on this Highland Park Flip…

This home was purchased on 4.12.10 for $252,000. The pics below will show you a before and after. I have to admit, the owners have done a nice job of recreating this little bungalow and bringing back it’s charm making it very appealing. I won’t go into all the specifics of the upgrades that were performed here, the pictures speak for themselves. The price is ambitious/aggressive. But it will sell. Nice location and a turn-key home North of York.

For more info or any questions you can always reach me at HotLAHomes@gmail.com or 323.671.1214

1829 N Avenue 51, 90042 Los Angeles2 Bedrooms :: 1 Bath :: 808 Square Feet of Living Space :: Bonus Studio
List Price: $429,000 ($530.00 a square foot)

::After::


::After::

New to the market is this charming Mediterranean Bungalow in Atwater Village. Featuring 2 Bedrooms and 1 Bath. This home featuring professional landscaping that will make you believe you’re in your own private oasis. The home also features a bonus room that could be used as a home office. This charmer is currently on the market at $449,000….Contact Me Today for more info or to schedule a showing of this home at: HotLAHomes@gmail.com

3042 GRACIA ST , LOS ANGELES ,CA   90039 :: 2 Bedroom :: 1 Bath :: 672 Square Feet of Living Space

This fully renovated bungalow in a prime location in Montecito Heights has come back on the market. Featuring panoramic city and moutain views. Fully updated and equipped with modern amenities, this home is perched up a private/secluded hilltop and has amazing outdoor space. If you are interested in Montecito Heights Real Estate this home is a must see. Contact me at HotLAHomes@gmail.com for a private showing of this home.

3942 BERENICE PL , Los Angeles 90031 2 Bedroom :: 2 Bath :: 816 sqft of living space

Silver Lake Real Estate has emerged as a focal point for many house flippers within the last 12 months. And seeing this Silver Lake Bungalow just close has now made me believer that there is amazing opportunities for investors. 1312 N OCCIDENTAL BL , Los Angeles 90026   was purchased for $300,000 on 12/21/2009 and has just closed for $576,000. Contact me for some new properties that are hitting the market soon, including a Sunset Junction Spanish Bungalow that I’ll be listing soon. You can always reach me at HotLAHomes@gmail.com

1312 N OCCIDENTAL BL , Los Angeles 90026   Investor Purchase Price :: $300,000 List Price After Renovation :: $499,000 Sold Price :: $576,000 2 + 1 :: 896 sqft of living space

Here are some before and after pictures ::

What do these 3 properties have in common? They are all fixers, all in Highland Park, all were bank owned homes and all were double ended by the listing agents. Highland Park Real Estate is moving fast and aggressively. Here are 3 homes that have closed within the last week. I’ll track and see which come back up on the market as “flips”. They are all comparable in how ugly they are. Need any assistance, questions or comments? You can always reach me at HotLAHomes@gmail.com

4917 Buchanan Street , Los Angeles ,CA 90042 :: 2 + 1 :: 1060 sqft of living space :: 5400 sqft lot :: List Price: $219,000 SOLD PRICE: $229,000

1754 Phillips Way , Los Angeles ,CA 90042 :: 2 + 1 :: 900 sqft of living space :: 5875 sqft lot :: List Price: $219,900 SOLD PRICE: $267,000 ($47,100 over list)

 4907 Monte Vista St. , Los Angeles 90042  :: 2 + 1 :: 907 sqft of living space :: 5320 sqft lot :: List Price: $249,900 SOLD PRICE: $240,000 

One by one it seems like the ugly houses are being picked off by investors. In what has been considered to be a marginal area, “Frog town” is now obtaining some attention in the flipping world. And why not? Surrounded by Silver Lake, Echo Park and Atwater. These homes are very much still affordable and very close to all the action. There is also no views, close to some really undesirable areas and of course the train tracks, LA River, the 5 freeway and a lot of commercial/industrial area. But so what. Most forget that Echo Park was at one point “scary”, and a home in Echo Park was dirt cheap. So is Frog Town the new up and coming real estate pocket? Maybe. But it’ll be a while to truly know. I believe it’ll get better. And the flipping crew of Better Shelter has stampted there work on 2647 PIRTLE ST , Los Angeles 90039    which has just closed escrow for above asking price. And I’m noticing some other projects are happening here. For those looking for a more affordable alternative then Echo Park Real Estate, Silver Lake Real Estate or Atwater Village Real Estate. Maybe Frog Town is your ticket…most homes are still under $300,000.

2647 PIRTLE ST , Los Angeles 90039  Listed at: $329,000 Sold at: $350,000

For more info contact me at HotLAHomes@gmail.com

Just hitting the market is this new “classic contemporary custom”. Situated near the Hollywood reservoir. This Hollywood Hills home  features 3 Bedroom and 2.5 bathrooms. Many designer upgrades throughout this home, giving a great sense of character and chic design. In search of some Hollywood Hills Real Estate? To see this or other Hollywood Hills Homes, contact me at HotLAHomes@gmail.com or 626.926.3995

3291 TARECO DR , Los Angeles 90068  Listed at $1,350,000

New to the real estate world is the just launched EchoParkMLS.com, specializing in Silver Lake Real Estate, Echo Park Real Estate, Los Feliz Real Estate, Hollywood Hills Real Estate, Eagle Rock Real Estate, Mt. Washington Real Estate and Highland Park  Real Estate. If you are looking to purchase or sell your home, please visit this site. It caters specifically to your area. And please, never hesitate to contact me for and additional info HotLAHomes@gmail.com

Despite what many buyers think, people are buying. And buying real estate in Silver lake is as competitive as maybe dare I say, 5 years ago. Silver Lake Homes and Echo Park Homes priced below $700,000 are moving. And while some buyers are quite active and know the competition for Silver Lake real estate is fierce, others are still in disbelief and are waiting for the perfect home, at the perfect price and the perfect location. I’ll be honest with you. There are 100’s of ready and willing buyers with the same desire to purchase a home in Silver Lake and Echo Park. My advice. Be ready to see a home ASAP, some sellers aren’t going to wait and see how many offers comes in. They’ll many times take a strong offer, even if it’s one of the 1st few. as fast as you want to buy it. Many times they are just as ready to sell it and move on fast as well. Here is a few recent homes in Silver Lake and Echo Park that have just closed escrow.

2209 BERKELEY AVE , LOS ANGELES ,CA   90026 :: List Price: $599,000

3 + 2 :: 1228 square feet of living space :: Days on Market: 10 :: Sold Price: $582,500

 3031 CASTLE ST , LOS ANGELES ,CA   90039 :: List Price :: $569,000

1+ 1 :: 748 square feet of living space :: Days on Market: 38 :: Sold Price: $527,000

                                Contact Me anytime with any questions :: HotLAHomes@gmail.com

Echo Park Real Estate brings in this new listing to the market. Although it’s cute and appears to have really nice outdoor space, this Echo Park Home is tiny. Approaching $700 a square foot ($697). Location is everything in Los Angeles, and certainly holds true for the Echo Park Real Estate market. And what do does $419,000 get you? 601 square feet of living space, many original details, privacy, as it’s perched high up on Lake Shore, and what else? A BAR! Yes a bar, perfect for entertaining and relaxing. Also perfect for those accidental 50 foot falls when you’re drunk, so be careful. My verdict: It’ll sell. Almost everything sells in this market, lower prices and great interest rates create the perfect time to buy. And this Echo Park Home is no different.

2310 LAKE SHORE AV , Los Angeles 90039  Listed at $419,000 ***Contact me to see this home or if you need any help***