Just signed! · Wholesale Mastery

Just signed!

10447 Caminito Rimini, San Diego, CA 92129 is officially live on the market — see all the details here:https://www.redfin.com/CA/San-Diego/10447-Caminito-Rimini-92129/home/4610652

This place needs some love, and I’m calling on this awesome community — who knows the perfect buyer? If you’ve got someone looking for a fixer in San Diego let us know

Let me know if you have a lead — let’s team up and make this one happen fast!

Here is a snippet from that Ai deal analyzer. Seems high WDYT

Deal Analysis: 10447 Caminito Rimini, San Diego, CA 92129

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Most Relevant Comparable Sales

|-------------------------------------------------------|------------|------------|-------|-------------|---------------|----------|

| 10462 Caminito Rimini, San Diego, CA 92129 | $450,000 | 2/1 | 882 | $510 | 05/16/2025 | 0.04 mi |

| 13936 Via Rimini, San Diego, CA 92129 | $510,000 | 2/1 | 924 | $552 | 04/25/2025 | 0.27 mi |

| 13306 Caminito Ciera Unit 190, San Diego, CA 92129 | $480,000 | 1/1 | 572 | $839 | 05/27/2025 | 0.39 mi |

| 10448 Caminito Rimini, San Diego, CA 92129 | N/A | 2/1 | 882 | N/A | 03/28/2025 | 0.04 mi |

| 11004 Via Asti, San Diego, CA 92129 | N/A | 2/1 | 924 | N/A | 05/28/2025 | 0.18 mi |

| 13323 Caminito Ciera Unit 108, San Diego, CA 92129 | N/A | 2/2 | 889 | N/A | 06/03/2025 | 0.30 mi |

| 13323 Caminito Ciera Unit 111, San Diego, CA 92129 | N/A | 2/2 | 889 | N/A | 06/03/2025 | 0.30 mi |

| 13343 Rancho Penasquitos Blvd Unit B207, San Diego, CA 92129 | N/A | 2/2 | 833 | N/A | 06/02/2025 | 0.77 mi |

**Key Notes:**

- The most relevant comps for a 2-bed, 1-bath, ~882 sq ft condo are 10462 Caminito Rimini ($450,000, sold 05/2025), 13936 Via Rimini ($510,000, sold 04/2025), and 10448 Caminito Rimini (same floor plan, sold 03/2025, price not disclosed)[3].

- 13306 Caminito Ciera Unit 190 is a smaller 1-bed, 1-bath but sold for $480,000, indicating strong demand even for smaller units.

- The subject property is listed at $526,000, which is above the most recent closed sales for similar units.

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ARV Estimates

| Tier | ARV ($) | Rationale |

|--------------------|-----------|---------------------------------------------------------------------------|

| **Turnkey** | $510,000 | Based on 13936 Via Rimini, a 2/1, 924 sq ft, closed 04/2025, likely updated|

| **Light Remodel** | $480,000 | Based on 13306 Caminito Ciera Unit 190 (1/1, smaller, but $480k, 05/2025) |

| **Clean & Relist** | $450,000 | Based on 10462 Caminito Rimini, 2/1, 882 sq ft, closed 05/2025, likely dated|

**Explanation:**

- The highest recent sale for a similar 2/1 unit is $510,000 (13936 Via Rimini), which likely reflects a renovated or well-maintained condition.

- The $450,000 sale (10462 Caminito Rimini) is the lowest recent comp, likely reflecting a dated or as-is condition.

- The subject’s current list price ($526,000) is above the top closed comp, suggesting it would need to be in superior condition or offer unique features to justify this price.

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Renovation Budgets *(Total Sq Ft: 882)*

| Type | $/Sq Ft | Budget ($) |

|--------------------|---------|------------|

| Full Fixer | 165 | $145,530 |

| Standard Flip | 100 | $88,200 |

| Soft Flip | 60 | $52,920 |

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Suggested Purchase Prices (10% Return)

|--------------------|-----------|--------------|------------|-----------------|--------------|

| Full Fixer | $340,000 | $34,000 | 10.0% | $51,000 | 15.0% |

| Standard Flip | $385,000 | $35,000 | 10.0% | $52,000 | 13.5% |