This 1949-built, 1101 sqft property in Los Angeles' Mar Vista neighborhood has significant flip potential. Its last sale in 2001 for $386,500 and current valuation of $1.66M indicate substantial market appreciation. The property's location in a desirable area with a median listing price of $2.37M further enhances its appeal.
Consider a strategic renovation to maximize ROI. Focus on kitchen and bathroom upgrades, and explore the possibility of adding a bedroom or bathroom to align with local comps. Given the property's age, address any potential structural issues. Be mindful of the high median listing prices in the area when budgeting for renovations and setting a target resale price.