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New to Market: Flipping is Alive and Well in Echo Park

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While not one of his famous "Great Deal Alerts," Echo Park real estate agent Ken Shapiro noted this home in the email blast he sent out this afternoon. So let's take a closer look: Located on Lake Shore Avenue, this three-bedroom, two-bath home is described as being in "move-in condition." Indeed, whoever purchased the home in June 2009 for $315,000--and then listed it three days ago for $549,000--did a bang-up job of making sure that a buyer can just easily move in without the hassle of having to repaint or re-spackle. Shapiro confirms this one is a flip.
· 1446 LAKE SHORE Avenue [Redfin]