Help me analyze this house for me in SoCal PLEASE

[Chris G.]

Hey Guys,
I am looking at doing my first rehab and flip.
I think I might have found something local to me that might make a viable rehab and flip.

Here are the stats:

Purchase Price: $250K (before any negotiation)
SQFT: 1435

Rehab Needed:
As described by agent, it needs full interior to be completed. It's already had framing done, but needs the drywall and all further interior rehab completed.

I estimate ARV to be around $360K, but I think for a quick sale it would need to be priced around $350K.

I estimate full interior rehab to be about $50K - what do you guys think?
The house next door is for sale at $355K with a recent full rehab.

Property in question: http://www.zillow.com/homedetails/22131-Victory-Blvd-Woodland-Hills-CA-91303/19927977_zpid/

House next door listed @ $355K:
http://www.zillow.com/homedetails/22125-Victory-Blvd-Woodland-Hills-CA-91303/19927978_zpid/#{scid=hdp-site-map-bubble-address}

Are there any details I left out to help you analyze the deal?

Let me know what you guys think.

Thanks!
:wink: