Hold on to your seat, guys, because today’s Friday’s Featured Flip on 50th is so small if you blink you might miss it. Have you ever heard the expressions “Tiny but Mighty” or “Good things come in small packages”? I have tons of respect for one big choice 50th made and it isn’t the kitchen design, though that’s pretty killer.
Details for 50th
This little house is in the Fairfax Business area of Oakland. If you know where that is, then you are a true-blue, die-hard Oakland resident. The hipsters who are flocking to Oakland because newspapers like The New York Times are raving about how great Oakland is now are not looking to buy homes in Fairfax. Fairfax sits below 580, which as I’ve mentioned before, makes this area generally less desirable than neighborhoods above 580. It’s a low-income, working class neighborhood where the schools’ test scores leave a lot to be desired. Also, I’m not sure it’s fair to say that the City’s Redevelopment Department has ignored this neighborhood, but I do think it’s fair to say it’s not a top priority of theirs.
All of this is to say that this neighborhood is not going to attract the hipster, techie, big-money buyers who are bidding hundreds of thousands of dollars over asking for homes in other neighborhoods in Oakland — even though some of those neighborhoods are less than 3 miles away from 50th.
Putting aside the issues with the neighborhood, let’s not forget that this house is less than 1000 sq. ft. So that will also limit who the buyers will be. I love the price point of this house because it means a small family who’s probably living in an apartment this size, could attain homeownership. But I think the more likely buyer will be a single person, probably a man, who’ll love the huge backyard for all of his “toys”. [Why do grown-ass men call the objects of their hobbies “toys”?]
I had an euphony the other day about flipping houses and the choices flippers make when rehabbing a house in “rougher” neighborhoods and the impact those choices make on neighborhoods. When flippers make houses more designer-y in neighborhoods that aren’t trendy, this usually attracts buyers who would not otherwise be able to buy a comparable home in the trendy neighborhoods. These buyers are usually willing and able to spend more $$$ to get a more “designed” home than other potential buyers who come from those neighborhoods. Thus, you have the beginning of gentrification. And if gentrification was a ‘tide that raised all boats’ that would be fine. But generally that’s not what ends up happening. Rather, the vast majority of the folks who used to live in those neighborhoods are forced out.
So…I have to respect the choice 50th made to keep this house small despite the potential to expand and trick this house.
I will now step down from my soap box and show you this house…[be honest, you thought a tiny house meant a shorter post,right?! Ha. Rookie.)
Kitchen & Dining: before
Kitchen & Dining: after
I have to admit that I had fairly low expectations for the interior of this rehab when I saw where this house was but I must admit this kitchen is great and could easily be in a higher end flip. It’s restrained and classic, yet very current. The floors aren’t my favorite but I do like the medium dark brown color they choose because it warms up all of the white in the kitchen.
Okay, you know I have much love for 50th, right?! But these next pictures kill me. If you look closely in the first picture, you’ll catch a glimpse of the photographer in the shower door. No vampires here…
No after picture of the bedroom but I thought you’d like to see more ugly.
As useless as a tiny landing strip may be, I’m really surprised 50th ripped it out at all since that’s not cheap. And as if that wasn’t enough, she laid huge swatches of concrete down. More $$$.
And that’s all for this FFF. What do you think about the restraint 50th showed? Should she have gone for more money by doing more to this house? Or did she make the right call?