Celebrity muscle is behind some mega-bucks Los Angeles property turnarounds, part of a boom in the rapid buy-fix-resell mania known as flipping.
Actors Jeremy Renner and Kristoffer Winters have roughly two dozen house flips under their tool belts. They just sold an estate in Los Angeles for $24 million. The Roaring ’20s Art Deco-style mansion, which Winters dubbed the Reserve, is set at the end of a cobblestone driveway on two acres.
Brad Blumenthal, who played Jerry Lewis in “Pulp Fiction,” and co-investor Leo Hauser have a contemporary Los Angeles compound they created listed for sale at $28.8 million. Set above the Sunset Strip, the sleek home and guest house make the most of their head-on city views.
The ranks of celebrity home flippers include Oscar-winning actress Diane Keaton; “L.A. Law” actor Corbin Bernsen and his wife, actress-interior designer Amanda Pays; and “Dr. Quinn, Medicine Woman” star Jane Seymour, area real estate agents say. Other entertainers opt to invest in home flipping behind the scenes and let someone else do the work.