Module 2 Flipper ZIP
78212 TIER 1

Monte Vista / Olmos Park

Premium Central SA flipper market with historic homes, established neighborhoods, and high-end buyer demand.

$340K

Median Sale

$220/sf

Avg $/SqFt

45

Days on Market

75%

MAO Rule

Why Flippers Love 78212

Historic Character Homes

1920s-1950s craftsman, Tudor, and Spanish colonial styles command premium prices

Central Location

10 min to downtown, Medical Center, and multiple employment hubs

Established Trees & Lots

Mature landscaping, larger lots than new construction—can't replicate

Strong Retail Buyer Pool

Young professionals, DINK couples, medical workers with cash/financing

Neighborhood Breakdown

Monte Vista

$350-550K ARV

Historic district with strict preservation rules. Beautiful Tudor and Colonial Revival homes. Buyers pay premium for character.

⚠️ Check historic overlay requirements before estimating repairs

Olmos Park

$400-700K ARV

Wealthy enclave with its own city government. Large lots, mature trees, top-tier buyers. Very limited inventory.

✓ Highest price points in central SA

Beacon Hill

$280-400K ARV

Rapidly gentrifying area near Pearl. Mix of updated homes and value-add opportunities. Hot with young buyers.

✓ Best spread opportunity in 78212

San Pedro Springs

$220-320K ARV

More affordable pocket with rehab opportunities. Watch for foundation issues on older homes.

⚠️ More price-sensitive buyers here

Target Property Profile

IDEAL CHARACTERISTICS

  • 3BR/2BA minimum (4BR better)
  • 1,400-2,200 sqft
  • Built 1920-1960
  • Original hardwoods to refinish
  • Garage or carport
  • Large lot (6,000+ sqft)

AVOID

  • Foundation issues (pier & beam common)
  • Less than 1,200 sqft
  • 1BR/1BA (even if large)
  • No parking options
  • Major additions needed

Offer Strategy

MAO Formula for 78212:

75% × ARV - Repairs - $10K Fee

Example: Monte Vista Flip

ARV$380,000
× 75%$285,000
- Repairs-$65,000
- Assignment-$10,000
MAO$210,000

Negotiation Tips

  • Sellers know their area is valuable—be firm on numbers
  • Historic homes have hidden costs—add 10% contingency
  • Close quickly—these sellers often have options

Your Buyer Profile

Premium Flippers

$50K+ renovation budgets, experienced with historic homes

Owner-Occupant Rehabbers

Buy cheap, renovate while living there, high tolerance for projects

STR Investors

Short-term rental buyers—Pearl District proximity is gold

Key Takeaway

78212 is premium flipper territory—use the 75% rule, expect higher ARVs, and target 3BR+ historic homes with character. Beacon Hill offers the best spread opportunities. Watch for foundation issues on pier & beam homes and historic overlay restrictions that can increase renovation costs.