We don’t consider development projects like 455 Prentiss to be flips. The quick resale of 15 Nebraska, however, fits the flipping bill. In the words of a plugged-in tipster with respect to the Bernal property which sold for $660,000 this past July (i.e., three months ago):
Sellers stayed in the home for a month or two after closing. Sellers finally moved out maybe 2 or 3 weeks ago and all the buyer did was repair floors, install some windows, very inexpensively update kitchen and a bath, and paint…
The 1,610 square foot home at 15 Nebraska with an unwarranted cottage out back has just been listed for $799,000 with “offers to be reviewed on 10/30 by 5pm” and no recent permits for any substantive work online.
Welcome back to
Bernal Flipper Heights.
∙ Listing: 15 Nebraska (3/3) 1,610 – $799,000 [Redfin]
∙ Before And After At 455 Prentiss: Contemporary Bernal Heights [SocketSite]