CASA CARMEL APARTMENTS
2222 S. RURAL ROAD
MULTI-FAMILY FIX AND FLIP



BEFORE
We bought this 20 -2 bed property on July 14, 2010 for $425,000.



AFTER

We sold it a year and one day later for $1,000,000.



BEFORE

he place was a pithole. We spent a total of $280,000 ($14K/door) fixing it up.



AFTER

$160,000 ($8K/door) on the outside.



BEFORE




AFTER

We used inexpensive welded wire fabric over rough sawn 2x6 wood framing to support Hacienda Creeper vines. All this growth took less than one year. It's easy for them to climb the walls unassisted especially after we sandblasted the paint off the masonry block. Our supplier is Mountain States Wholesale Nursery. They have a helpful website (www.mswn.com).
BEFORE
AFTER


BEFORE



AFTER



BEFORE
The insides were unlivable.



AFTER

We spent $120,000 ($6K/door) on the insides.
BEFORE



AFTER

Same cabinets repainted and with new pulls.

BEFORE




AFTER

We put flat screen T.V's with free cable in all of them but I wish they were larger. Now we use only 42" size. We prefer offering free cable and internet as opposed to rent concessions in our marketing.
The horse is a piece by Maurizio Cattelan, the Italian conceptual artist.



The model for the silver A/C man was my son, Gaspar.
The bumper curbs were left over. Luis (positioning them) has now been with us for well over 20 years. Without him, Anastacio and Pedro in the field we'd be in trouble.