$375K for Rehab Costs?! No way

[Nigel McFarlane]

I came across this image on a real estate posting that recently sold in June 2018.

The final cost of the rehab according to this image was $375,000!!! The image was included in the listing so this could be a marketing ploy to overstate how much work was done. Is there anyone else out there paying this much for rehabs in LA?

Here's a list of what's included with this home:

New drywall & insulation

Asbestos abatement

New copper plumbing

New air conditioning, and Furnace

New recessed lighting throughout 

New bathrooms (two bathrooms)

New kitchen cabinets

Tankless water heater

New garage door 

New roof

Hard-wood flooring ceramic tile

New granite kitchen cabinets

Updated Fireplace in the living room

New interior and exterior paint

I'm no expert but this seems extremely high. I'm evaluating a couple of potential fix and flip properties and there's no way this can be the expected expenses, especially considering that there is no mention of any foundation issues. I've gotten quotes for a house the same size and build that came in ~$220k less than this.

What are some of your opinions/ insights? I'm sure others who are just getting started would like to hear the opinions of the experienced investors/ contractors in LA.