2024 has been the year of resale records. One for total price:
$825,000 for a Block 1 Model AC block house. And one for dollars per square foot: $448/sf for a Block 3 Model B4 carriage house, the subject of this post.
Realtor investor and Block 3 homeowner Rob Chevez, founder of The Caza Group, purchased the project house last year from an absentee homeowner landlord who lived for years on the West Coast, who rented out the house to problematic tenants, and who failed to maintain the house properly from a distance.
The project required extensive repair and renovation inside and out, but generated a huge $360,000 or 86.7% return on investment, excluding renovation expenses. For more photos of the striking finished product, see the full respective
MLS listing.
