The property at 802 3rd St in Rodeo has solid fundamentals, being a multi-family unit with 4 bedrooms and 2 baths. Comp data indicates that similar properties in the area are valued significantly higher, with average sold prices around $764K. However, the current property valuation is estimated at approximately $629K, suggesting there's room for appreciation after renovations. It's in a decent neighborhood, but its age and condition may affect the flip potential.
To maximize flip potential, consider modernizing the property by updating kitchens and bathrooms, enhancing curb appeal, and possibly adding outdoor living space. Given the current market dynamics, focus on strategic renovations that align with buyer preferences in Rodeo. This could potentially elevate the property value to match or exceed the local average, yielding a better return on investment.