Cute as a button, don't you think? This 2+2 picture postcard Craftsman fixer measures 1065 square feet, with a small patio in the back, and street parking only. Situated just a few blocks from Venice beach and close to trendy Abbot Kinney Boulevard, this listing generated much excitement resulting in five cash offers all from investors/flippers and the property recently selling for $925,000.
Not so unusual for a fixer in a prime location, but when you consider that the seller purchased this property in 1993 for $199,000 as a principle residence then as a rental, and held on to it through good times and bad, it turned out to be a terrific investment for her. Just goes to show that buying real estate and hanging on to it long term can give you a better return for your money than almost anything else out there!
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