In the previous listing, there wasn’t even any siding on the outside of the house, and it appears as though it was totally uninhabitable when previously listed.
I’m guessing it only qualified as a cash purchase, and it was picked up by flippers who re-did the entire thing (including a “new” garage, according to the listing).
I’ve seen worse than this, where the flippers hardly do anything at all, and then ask for these kinds of mark-ups — both in the NCC areas I follow, and in the parts of L.A. that I follow. All too often, they actually get pretty close to their asking price. At least the flippers on this house did something useful.