How's the Redondo Beach, CA flipping market?

Question

Anybody with experience in the area flipping properties?

We're looking at a SFR fixer deal about 2.6 miles to the beach, needs updating will delivered vacant.

Has un-permitted addition, once permitted will add 230 extra square feet to this 2 / 1 property converting it in a 3/1.

Matthew Forrest · Answer

@Eduardo Slesaransky

I don't have flipping experience, but I know that market intimately. I would love to take a look at the deal and just add my two cents!

Matthew Yu · Answer

@eduardo slesaransky That is what I do as an attorney. If you come across this in the future, don't hesitate to call

Chad Doheny · Answer

Gonna have to agree with @Mo Brentwood

Redondo is kinda risky right now as I think its closer to a peak. If you're looking South Bay San Pedro is the only sane option.

Eduardo Slesaransky · Answer

Hi @Leeron Regev, if you can elaborate a bit more, maybe we'll be able to help you out.

Leeron Regev · Answer

Hey guys, does anyone have any experience with rehabs in Whittier? I have a property I'm looking at 475k range

Eduardo Slesaransky · Answer

Hi @Trevor Phillips, are you looking for someone to work on a project with you?

Eduardo Slesaransky · Answer

Hi @Matthew Yu,

Sorry for the long reply.

The lien was from a previous title holder of the property who quit claimed it to the current seller, and she passed away and passed along the lien to the seller, unbeknown to her.

Fortunately transaction closed.

Thank you!

Eduardo

Matthew Yu · Answer

@EduardoSlesaransky - is the medial (or Medi-Cal) lien an issue with the DCHS? or is it a private lien?  Also, are you purchasing from that same party i.e. the one who has the medical lien? I'm a

Trust attorney and deal with these issues with some regularity

Eduardo Slesaransky · Answer

Hi @David Gwilt, I just sent you a message about the vacant RB lot.

David Gwilt · Answer

@Eduardo Slesaransky I'm curious to hear about your R3 vacant lot in RB.

How's the Redondo Beach, CA flipping market?

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