The rapidly gentrifying neighborhoods of Highland Park and Glassell Park in northeast Los Angeles are well-known havens for flippers. It’s been happening there for the past several years–older homes in original condition are purchased by an investor, given a new coat of paint and some high-end appliances, and resold within a year for a huge markup.
While no single neighborhood in the San Fernando Valley real estate market has garnered quite as much attention as the trendy ‘hoods in NELA, flipping still happens here. Take a look at the examples below. Each of these homes were bought and then re-sold within one year. They all appeared back on the market with some modest renovations and at a least an additional $100k added to the price tag.
Property history provided by Redfin