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Outer Richmond Multi-Unit Flip Adds $950K in One Year


When the two-unit building at 4631-4633 Balboa Street sold for $1.12 million just over a year ago, its main feature was views. They stretch over the ocean and the whole way to Point Reyes in one direction, and to Golden Gate Park's polo fields in the other. After selling, the building underwent a total renovation. The old turquoise carpet, heavy yellow curtains and outdated kitchen were replaced with solid oak hardwood floors throughout and stainless steel everything. Fireplaces and bathrooms have been clad in marble. Although it came in a touch under asking, last week's $2.07 million sale price was still enough for the property to gain $950K in less than thirteen months.
· 4631-4633 Balboa Street [Redfin]