In a rising market, money chases opportunity. Find an underpriced dog of a property, add value with a quick remodel, and you can add value. Flip it and score.
Yes, flippers are back in Manhattan Beach. (We first noted this phenomenon in August last year.) Here are some of the most recent rehab projects to make deals.
3521 Oak (3br/2ba, 1900 sq. ft.) is built in a style you might call "modern Southwestern," with the interior getting a heavy dose of slick 21st-century finishes.
That upgrade was necessary. Last Summer, the same home was on the market but looking frumpy and almost hopeless. Location didn't help – across from the hotel parking lot and steps to Rosecrans. After listing at $1.200M, a tiny price for 1900 sq. ft. these days, the home traded to a……