Jeremy Renner’s Secret Side Gig: Flipping Houses
Jeremy Renner might be best known for playing brooding tough guys and charming
anti-heroes, but there's one part he plays that few know about: house
role in "Locker," plus last year's "Fair Game") were fixing up and flipping old
houses in Hollywood and Studio City, according to the new issue of The Hollywood
Reporter (on newsstands now).
In 2002, the two bought a nondescript three-bedroom 1962 home in Nichols Canyon for $659,000 and sold it less than
a year later for $900,000. According to Keller Williams' Bobbe Mitchell, the
sales agent on many of their projects, Renner and Winters had a shoestring
budget but transformed the house into a cozy, private abode, adding a patio and
new landscaping. During those lean days, the two staged it with flat-screen TVs
that had a 30-day return policy, hoping they'd sell the house before the
Fresh off their first flip, they re-invested in a $915,000 Spanish-style 1940 house off Laurel Canyon that required more work. They gutted it, and Renner lived in the guesthouse during renovations. "He lived in
squalor," Mitchell says. "He was in there with a gun and would shoot the rats"
that would invade during a winter of heavy rainfall. The house sold for nearly
Music supervisor Mark Wike ("NCIS: Los Angeles") bought their next project, a four-bedroom 1938 Cape Cod near Fryman Canyon. "My wife is an avid cook, and the
kitchen made it really appealing," Wike says. "They opened it up, and we could have 25 people in there at a party." The flip? Bought for $1.36 million, sold for $2.09 million.
The pair have recently gotten more ambitious, and it
has paid off. In 2008, they bought the Hemingway House, a 1924 Greek Revival estate in Hollywood, for $1.55 million. A year later,they grossed $2.45 million, selling it for more than $4 million. "Renner does
beautiful work and does what he needs to without breaking the bank on
construction costs," says John Bersci, a luxury flipper ($15 million-$20 million