Hollywood Hills High End Flip

The Xanadu Group is presenting this completely redone mid-century modern home in a coveted Hollywood Hills location. The listing describes the work completed as, "completely remodeled sparing no expense in order to deliver today's modern amenities." I would agree with them by the looks of it. Everything from flooring, kitchen, baths, and the outside has been redone and modernized. I absolutely love the approximately 50' pocket door in the living room leading out to the deck with canyon views, which allows one to sit inside and feel as if they are outside. The group purchased the property just over a year ago for $825,000, which is mostly irrelevant as it is essentially a new house; however, it is listed at over $960/sq. ft. Do they get that? It remains to be seen if a high end remodel can garner Sunset Strip area prices over in the East Hollywood Hills, but it will be interesting to watch and find out.

5544 Tuxedo Terrace, Hollywood Hills

$2,199,000 3 Bed 2.5 Bath 2,286 Sq. Ft 10,080 Lot Sq. Ft

Listing & Photos courtesy of Stephen Apelian & Stacy Gottula - Coldwell Banker-BH South

If you wish to see this designer remodeled home, please feel free to contact us anytime @ 310.600.9172 or email smilayproperties@gmail.com.

Flipping King Better Shelter Does It Again

Known for quality craftsmanship, modern finishes, and flea market chic staging, flipping team Better Shelter appears to have done it again, this time in the coveted Franklin Hills area of Los Feliz. Usually their homes sell for at or above asking price in a matter of days, and this one appears to be no different. I visited the broker open house today, and the property was buzzing with activity. It just hit the MLS today, and according to the listing agent, they have already received two offers on the property! Amazing. After purchasing the "fixer" home in May of last year for just over $351,000, Better Shelter has completely redone the entire property with all new flooring, kitchen, HVAC, plumbing, electrical, landscaping, and a new two car garage. In short it is a brand new house at a good price. On an over 7,000 sq. ft lot, the developer has definitely added a ton of value to the home, and some buyer will be getting a beautifully redone property in a fine neighborhood. They are accepting offers until Sunday, so there is still time, but be prepared to go over asking price I am guessing. It just may be worth it.

Kudos on another fine project guys.

4137 Sunset Dr, Los Feliz

$649,000 3 Bed 2 Bath 1,224 Sq. Ft 7,100 Lot Sq. Ft

Listing & Photos courtesy of Courtney Poulos - ACME Real Estate

If you would like to visit this great property in person, please feel free to contact us anytime @ 310.600.9172 or email eric@smilayproperties.com.

Recent Home I Sold Back on Market as a Flip

I sold this property back in the middle of April, and it has been redone, upgraded, spiffed up and now it is back on the market. When I sold it, the home had many more issues then just aesthetic, so the Seller had to put in significant capital in order to bring this home back to the glamour of it's 1920's roots. It appears that they did a nice job on the property, and quick. Compare the pictures here with the way it was before. The wood flooring in the living and family rooms were a great addition. I love what they did with the fireplace in particular, as it looks so much better in it's current state. They of course painted a clean white throughout, took down the questionable art, and staged the property with nice furnishings; all of which go a very long way during the Buyer's first impression. They also put in all new white cabinetry and grey Caesarstone counters in the kitchen, which look much much better. The master bathroom also looks many times better now with it's dual sinks, and new tile work. The property always had potential, but just needed someone with the know how and energy to bring the home back.

What do you think of the remodel, and will the Seller get their asking price?

3249 Bennett Dr, Hollywood Hills

$1,049,000 4 Bed 4 Bath 2,458 Sq. Ft. 4,930 Lot Sq. Ft.

Listing & Photos courtesy of Courtney N Smith & Kurt Wisner - Nourmand & Associates

Obviously, I have spent a considerable amount of time at this property, so know it and the street very well. In addition to the 3 bed/3 bath main house, there is a 1 bed/1 bath guest apartment with kitchen and it's own private entrance, as it is a legal duplex. This could help pay the mortgage, or great for an office or artist's studio. If you would like to see this newly redone Spanish style home in person, please contact us anytime @ 310.600.9172 or email smilayproperties@gmail.com.

Cool Mid-Century Modern Flip in Los Feliz

This mid-century home has just undergone an amazing transformation, and in an unbelievably short time, and now looks stunning. Lying north of Los Feliz Blvd in the Los Feliz Estates, is this architecturally designed 1969 wow house. The property recently sold for $1,175,000 in March of this year, well above it's asking price of $975,000. Here is how it looked when the current owner's purchased the fixer. In less then 3 month's the property has been completely redone, upgraded, and even put in a pool. They also added another bedroom, and one and a half bathrooms. I must say these guys did an amazing job with the home in a very short time. Assuming they did not cut a ton of corners and the workmanship is solid, this is a very impressive flip. I guess you can't call it that until it sells, but by the looks of it, I don't think they will have any trouble making that happen.

2251 N Hobart, Los Feliz

$1,599,000 3 Bed 3.5 Bath 2,483 Sq. Ft. 15,313 Sq. Ft. Lot

Listing and Photos courtesy of Boni Bryant & Joe Reichling - Sotheby's Int'l Realty

This is a great looking property with a ton of outdoor space and explosive views of the city in a prime location. Don't delay on this one. If you would like to see this property in person, please contact us anytime @ 310.600.9172 or email smilayproperties@gmail.com.

New Foreclosure Fixer Opportunity in Prime Sunset Strip Location

Fixer alert in a great location North of Sunset just east of Kings on Hollywood Blvd. Clearly the property has tremendous views, which is the backdrop of it's potential of course. It is somewhat hard to judge the space without visiting it in person, but the open floor plan and essentially stripped rooms allow for one to tap into the potential of the homes' blank canvas. With homes in this area easily selling for $2M and up, the potential is there to fix this up to either live in and enjoy or sell immediately at a nice profit. Let the Flipping begin.

8368 Hollywood Blvd, Hollywood Hills

$999,900 1 Bed 3 Bath 2,124 Sq. Ft 5,210 Sq. Ft Lot

Listing & Photos courtesy of Harma Hartouni - Keller Williams Encino-Sherman Oaks

If you are an investor or buyer looking for a project, this could be a great opportunity to add serious value to a prime location that will surely always be desirable. If you would like to see this property in person, please contact us anytime @ 310.600.9172 or email smilayproperties@gmail.com.

Flipping Team Better Shelter Does it Again

Current Home

If you have yet to hear of Better Shelter, then you are missing out on one of the great current "flippers" in the market today. They have flipped countless homes with their tried and true formula for vintage homes meets modern upgrades, usually in identical materials. Most of their homes have been found on the eastside in gentrifying neighborhoods like Mt. Washington, Highland Park, & Eagle Rock. This one is, I believe, their first venture into Silver Lake. Lying in a great Silver Lake hills location with views, but close to the popular Sunset Junction area, this property was purchased in January of 2010 for $250,000. At the time the home was 692 sq ft 2 bed/1 bath, and now it has been completely redone and expanded into the stunning property it is today. Listed for just two days, the property is already under contract and in escrow. This is a business and blueprint that is great for the buyer, the neighborhood, and of course Better Shelter's bottom line. That's the way to do it gentlemen, keep up the great work.

3633 Effie St, Silver Lake

$599,000 2 Bed 2 Bath 909 Sq. Ft 2,221 Sq. Ft Lot

Before Shot

Listing & Photos courtesy of Courtney Poulos - Brock Real Estate

If you would like to find a similar style home by Better Shelter or in a similar style and location, please contact us anytime @ 310.600.9172 or email smilayproperties@gmail.com. As you can see, these properties tend to go very quickly, so it's best to have your finances in place and be ready to strike when the home you have been waiting for becomes available.