When you have a team of seven real estate professionals scouring the market for the perfect trash to turn into treasure, you can also profit big bucks. When ReInhabit closed a successful escrow last year in Echo Park, they landed a gem of a property and found that seven is far better than one. Owner/Founder of Re-Inhabit (a Los Angeles based builder group), Rudy Dvorak, purchased the 825 soft property in February of 2012 for $300,000. After one very long year, 773 added square footage and artistic touches, Dvorak and his team profited a great deal when they sold the renovated home last week for a whopping $922,000. Totaling 1,598 sqft with 3 bedrooms and 2 bathrooms, the property sits atop the echo park hills with a view to drool over. The home has an artsy industrial like feel with fresh modern finishes but still keeping up with sustainable elements. With multiple decks and a deceiving front porch, the home offers privacy, entertaining specialty and a story worth sharing.
Los Angeles holds countless realtors, builders, buyers, sellers,and many investors in the game… if you’re interested in joining the flippers out there, call me for more info.
Here are a few more photos of 1864 Lemoyne St.