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Showing posts with label Flip That House. Show all posts
Showing posts with label Flip That House. Show all posts

Thursday, August 16, 2007

Who Says Los Angeles Homes Are Overpriced?



A recent episode of TLC's "Flip That House" featured a home that sold for just $189,000! OK, granted, the home was 375 square feet... with no bedroom... and it was located in South Los Angeles.



Oh, and the house was scary. Real scary: Look at the bathroom above. The flipper completely gutted the place, redoing everything and adding two bedrooms (500 square feet, for a total of 875 square feet). He spent $90,000 on the flip, and put the house back on the market for around $385,000.

Makes our tiny Glendale house look a little more roomy. By the way, we were quite impressed by the speed with which the 500 square feet was added: By the end of two weeks, it was pretty much done! So why did it take nearly six months for our 400 square foot addition?