Nobody in their right mind would sell at such because they simply don't have to, there is no shortage of buyers happy to out bid your desired landing. 

Could help you save some serious $$ if buying and selling there and can also get you access to their MLS systems.

If you ever decided to sell the building but keep operating the business, it makes it much easier.

The solution is currently free for investors to create an account, enter your properties, identify your goals AND run hypothetical scenarios for taking action (1031/refi/sell) etc. 

"It's like selling pizza by the slice".  

Buy a $15 blender at Walmart, and they'll try to sell you an extended warranty.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

If you are looking to just calculate profitability, set how much profit you want to make then:ARV - Purchase Costs - Holding Costs - Selling Costs - Desired Profit - Rehab Budget (including contingency) = Maximum Allowable OfferIF you cannot calculate those numbers, a spreadsheet isn't going to help you. 

There are a ton of complexities with properly repairing a fire damaged house....they sell really cheap for a reason.

so - what are the comps selling for, and what features do they have?