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480-Square-Foot Bungalow Flip in Echo Park Asks $499k

Maybe it's the wood ceiling or the nice big doors off the main room, but this little house in Echo Park looks a lot bigger than its 480 square feet. There's brand new electrical here, super-tough wood floors, a washer and dryer stacked up inside, and a 225-square-foot deck that wraps around the back. The place takes up just a small part of the 2,295-square-foot lot, and has room to park three cars. It also wins the hipster contest: "Located on the same block as Sheppard Fairey art studio, the new craft beer arcade, Button Mash and walking distance to Dodger Stadium." Sold just last year for $450,000, it's now flipping back on the market for $499,000.

· 1251 Elysian Park Ave., Echo Park, CA 90026 [Redfin]