Hipster flipper team ModOp Design is having good luck so far in the condo zone--they sold their first go in under a month and have already listed another. (Guess it pays off to try something new in such a saturated market.) The husband-wife team bought a one bedroom unit in the Los Feliz Towers in March for $220,000, listed it in July for $339,000, and sold it in early August for $330,000. While all that was going on, they also picked up a two bedroom unit in a small Sunset Junction building for $237,500. It now has new bathrooms, a new kitchen, tigerwood flooring, and a redwood patio. They've just listed the condo for $369,000. HOAs are $300.
· Hipster Flipping Moves Into Condos With Los Feliz Towers [Curbed LA]
· 960 SANBORN Ave #3 [Redfin]