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Hipster Flippers Go For a Huge PriceUpping in Silver Lake Hills

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The last time this house in the Silver Lake hills east of Glendale Boulevard was on the market, its listing copy warned potential buyers, "This is a big project and will require experience." There to pick up the gauntlet were the flipping juggernauts of Better Shelter, who shelled out just under half a million for the .35-acre property back in May 2012. Previously a three-bedroom, two-bath measuring 1,685 square feet, the house is now listed as having three bedrooms and three baths in 2,107 square feet. It's also got the usual Better Shelter white walls and signature staging (though the floor is "whitewashed oak" rather than the superdark shade seen in most of their projects). Per the description, there's a retrofitted foundation, "all new plumbing + electrical systems, new roof, new HVAC, new tankless hot water heating, new fencing + fresh landscaping." However, while the house's square footage has increased, the lot's square footage is another story, i.e., a sub-divided one. Per the listing, the property is now being offered at two different price points: $1.275 million for the house on a 7,266-square-foot lot; $1.4 million for it on a 15,693-square-foot lot.

· 2242 Bancroft Ave [Official Site]
· 2242 Bancroft Ave [Redfin]