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Hipster Flippers Hit the Valley Asking $1.2MM in Studio City

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Well, it appears that the formidable flippers of Better Shelter have now planted their highly recognizable flag in the San Fernando Valley. According to public records, the company scooped up this 1950s traditional ranch in Studio City on September 19 for $735,000. While we certainly can't argue with the hipster-flipsters' success or business model, looking through the photo gallery from the house's previous listing, we couldn't help but feel a pang for the charming, original, knotty pine cabinetry with scalloped edges and the pretty, petal-pink bathroom tile, all of which has been sadly obliterated. But nice job with the pool refinishing, we guess.

Anyway, per the listing, the "re-envisioned 3BR + 2BA" features "Carrara countertops, custom cabinetry, and stainless steel appliances, dark hardwood floors, fireplace and modern lighting, plus bonus sun room and office." Other updates include "new HVAC, Nest, tankless heating, new roof, updated plumbing and electrical, retrofit foundation, fresh landscaping, decking, and fence." Located on a 7,051-square-foot lot, the house sits just across the street from the well-regarded Beeman Park; however, a tipster who has toured the property informs us it also has "a humongous apt complex staring down at the backyard." Asking price for the 1,700-square-foot house is $1.199 million.

· 12626 Rye Street [Official Site] · 12626 Rye St [Estately]