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The Real Deal Los Angeles

These are LA’s most ambitious home flippers

Five properties were relisted with the biggest markups
By Chava Gourarie and Harunobu Coryne | December 15, 2017 04:01PM

Bitcoin is not the only investment with great returns.

Some buyers in and around Los Angeles bought homes this year before putting them right back on the market asking up to four times the original price.

These are the five listings above $5 million that sold in 2017 and returned to market with the highest price jump:

1. 592 North Tigertail Road, Brentwood
This three-bedroom home in Brentwood is asking $22 million, almost four times the $7.5 million it sold for in January. The 2,948-square-foot home sits on nearly 3 acres of land and is being billed as a development opportunity. It includes views of the Getty Center to downtown and the ocean, according to the listing.

2. 1011 North Hillcrest Road, Beverly Hills
This six-bedroom Beverly Hills home is asking $11.7 million, after selling for $9.5 million in June — a 23 percent markup. It entered the market in September for $12 million but was cut by $300,000 in November. The 5,276-square-foot pad comes with a pool, an attached garage and a fireplace room.

3. 28943 Grayfox Street, Malibu

This four-bedroom home on a 1-acre lot in Point Dume is asking $6 million, a 23 percent markup from its previous sales price of $4.9 million. According to the listing agent, Glen Steele, the current owner got the home at a discount because the seller was eager to take advantage of a 1031 exchange. The 2,467-square-foot home features private beach access and a separate office structure.

4. 28815 Bison Court, Malibu

Another Point Dume home is asking $5.8 million, 47 percent more than the $4 million the owners paid for it in February. The owners initially intended to lease the 1,708-square-foot home and gave it an interior facelift, according to one of the brokers for the property, Kirby Kotler. He said the buyer got a good deal because the property was undergoing a lot line adjustment at the time of the sale, scaring off less-hardy buyers.

5. 5021 Topeka Drive, Tarzana


This six-bedroom home is asking $5.5 million, a 152 percent increase from the purchase price in August, when the current owners bought the property out of foreclosure for $2.2 million. The site is allowed to be divided into a four-home development, with three 20,000-square-foot lots and the existing home on a 30,000-square-foot lot, according to the listing.