[quote=kkun]Two interesting transactions in Stonebridge:

13198 Downing Lane: flipped successfully, purchased at $635k. Flipped at $750k in five months.

http://www.redfin.com/CA/San-Diego/13198-Downing-Ln-92131/home/7502145

Just across this house, another one up for flip:
13177 Bella Rosa Rd: bought at $550k! Cleaned up, fixed and made ready to sell in three weeks. Now listed at $759k. Probably will sale around asking price.

http://www.redfin.com/CA/San-Diego/13177-Bella-Rosa-Rd-92131/home/7502146

Seems smart flipping strategy can be reasonably profitable.[/quote]

13198 Downing Lane sold for $970 k back in 2006! What a deal!
13177 Bella Rosa sold originally for $990 k in 2007.