One Impressive Clairemont Flip

Like a lot of investors I closely follow others deals - especially ones in my own backyard.

Clairemont's 1950's built single family homes seem to hover around $723K at the time of this writing. So when I saw a recent sale nearby for a 3 bedroom house at $995,000 I was intrigued.

Here it is:  3320 La Junta Ave.

courtesy Zillow

This house sold on June 24, 2020. That's right: in the midst of #COVID-19 challenges.

The purchase was almost exactly a year ago - for $536K.

Of course that's not a pure profit of $459,000. The owner/investor for sure must have put some serious work into this place.

Luckily Google Maps hasn't had time to update yet so you can still see the "before" photo below:

courtesy Google Maps

From the Zillow description this job sounds like one done by Chip and Joanna Gaines. 

But man, even if these local fixer-uppers spent  $200K on this whole project they did very very well.

To get close to $1M in 92117 I kind of expect to be on the canyon with a view. This house backs up to another property. One of my close partners even thinks there is something "kind of tricky" about this price.  I don't know about that. Let me know what you think in the comments below...