Real Estate Investor · San Diego, CA · Member since 2015 · 69 posts · 53 votes
My first time posting but this was a flip we completed earlier in the year. This property was a mess. Room additions made by the owner, some rooms were permitted and some werent, owner built an underground bomb shelter which was permitted, and basically the house was just pieced together like Legos. Originally it was a 6 bed/3 bath home. After we did the rehab, it was 4 bed/3 bath.
Purchase price was $380k. Rehab costs was $200k. Sold for $785k before we were able to put it on the market!
What an amazing transformation, your team did a fabulous job! Del Cerro is a great neighborhood for these types of deals, and you can charge extra for the view! Looking forward to your next deal.
Thank you! We have another project in Del Cerro that should be done in 3-4 weeks which has an awesome view as well.