March 2, 2007

A Neighborhood with 'Potential'

South Atwater Village Rebuild
EVEN TV PEOPLE LIKE Atwater Village. Or at least its "potential." From a March 4 LA Times story about how they just don't flip houses like they used to:
"Michael Corbett, a veteran home flipper, author of 'Find It, Fix It and Flip It!' and host of the 'Mansions & Millionaires' segment on TV's 'Extra,' recommends looking for property in historically low-priced areas that may be on the upswing.

"In the Los Angeles area, he named Echo Park, Atwater Village, Culver City and Watts as neighborhoods with potential.

"'I look at older homes in transitional areas.'"

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