A Residential Flip Project
Circle Area, Area 3, Long Beach, California
This property is not for sale
Introducing 1414 Park Avenue, Long Beach 90804, a residential home-flip remodeling project two close friends of mine and I purchased in early 2004.
A “Flipper”, yes, the intention was to purchase the property, upgrade it and flip it for a reasonable profit in under 3 months. This was a typical smaller 2-bedroom floor plan in Area 3 of the city of Long Beach. Initially, the goal was to increase the square footage by adding one extra bedroom, paint and install new flooring. Along the way, and because to us it made perfect sense, we then decided to upgrade the entire house with a brand new larger kitchen, master bath and also punch-out the foot print into the backyard. We really liked the front panoramic window in the living room so it was a good idea that we all agreed to leave well enough alone.
By the way, I love this photo, but failed to note the dusty hardwood floors until after the fact. I had to get down on the floor to get the desired effect…
…stay tune, lots of details and many more construction photos to come, but for now, these few photos tell part of the story…
ACQUISITION
DEMOLITION
FINISHED
I hope you enjoyed and found interesting perusing through this home remodel photo sequence. A home remodel project like this sometimes can get a bit more complicated without any warning, weather can be a factor, subcontractors failing to show on time, unexpected costs and other surprises can hamper the progress. The more research you do and the better prepared you are, the smoother and more pleasant the home remodel experience will be.
Timing is EVERYTHING!
This is what can happen when you either price too high, or market conditions take a sudden turn for the worse. In our case, we experienced a little of both. In mid-2004 I recall there was a period where real estate activity became stagnant. Price reductions alone failed to do the trick, but luckily for us and many others the inactivity didn’t last very long and we were able to successfully sell our home-flip shortly thereafter.
By the way, little did we know, or anyone else for that matter about what was soon headed our way, only three short years later. Let’s not ever forget “Foreclosure Alley“.
If you are thinking about listing your Circle Area 3 home for sale,
I would like the opportunity to prepare for you a comprehensive ‘Comparable Market Analysis’ (CMA) of your Long Beach Circle Area 3 home. My report is an invaluable tool providing you with the most current market condition, your competition and a very good idea of what the value range of your property will be.
Should you have any questions, please do not hesitate to contact me at your earliest convenience.
