San Diego Flip

[Euan Arcia]

Took us a while but we finally closed escrow on our latest flip in San Diego, CA (Del Cerro area).

Specs: 4 bedroom / 2 bath - 2190 sq ft

We had quite a bit of work to do on this one. First off, we opened up the kitchen and the entryway to the family room/kitchen. We moved the fireplace to the corner of the family room. We also converted the den/office into a 4th bedroom. Originally our idea was to vault the ceilings but it would've cost too much to do so. Given the area of Del Cerro, we used high end finishes throughout and every detail was carefully picked out from the door knobs to the iPad control station to Bose surround sound throughout the house to LED mirrors to the Versailles travertine floors to the wall hung toilets to the custom cabinets w/ granite countertops, etc...Nothing was left untouched!

Purchase price: $600k

Rehab: $120k (Includes labor, finishes, taxes, insurance, utilities, etc...)

Commissions: 2.5% = $20,500

Sold for $820k

Profit: $79,500

BEFORE

AFTER