Flipping out isn’t always a bad thing.

Celebrity interior-designer couple Nate Berkus and Jeremiah Brent are looking to flip a stately Spanish-style spread in Los Angeles for $2.99 million, The Post has learned.

Located at 8195 Hollywood Blvd. — a stone’s throw from the Sunset Strip — the five-bedroom property can earn them a modest profit if it sells for that price. They snagged it last year for $2.36 million.

This 3,643-square-foot pad, which they remodeled, features simple, yet elegant, interiors. White walls, enhanced by sunlight that comes in through picture windows, create a nice sense of brightness.

The living room has a wood-burning fireplace and high ceilings. A formal dining room leads to the eat-in chef’s kitchen, which has stainless-steel appliances and rows of white cabinetry. Other touches include beamed ceilings and arched doorways.

Upstairs, three bedrooms have ensuite bathrooms. Meanwhile, the master suite, which also has an ensuite bath, has a walk-in closet and a patio with city views.

Outside, the buyer will get gardens, patios and a swimming pool.

The listing of this home comes on the heels of the $9.8 million June sale of Berkus and Brent’s duplex penthouse in Manhattan’s Greenwich Village, and comes at a comparative value. That 2,800-square-foot co-op, which graced last October’s Architectural Digest cover, originally hit the market last November for $10.5 million.

Brent Watson of Compass is repping their Los Angeles listing.