Welcome to Paul’s Picks, a weekly segment where Pual showcases some the best deals on the market here in the Peninsula. From single-family homes and condos to 2-4 units and large apartments complexes even vacant lots. Paul closely and constantly monitors a wide arrange of product types seeking out the market opportunity that you might not have thought about. If you would like to discuss a property in more detail or find out about other properties that may fit your needs better please give me a call at (650) 348-2020.
Paul’s Pick #1 – 1836 El Parque Court – San Mateo [click here for more]
My first pick this week I have 1836 El Parque Court in San Mateo. It’s a 4-unit building, so pay attention for all you investors out there. It’s been on the market for about five months. The listing agent made the mistake of going on the market before before measure Q, the rank control measure was defeated in San Mateo which is why the property has stalled. However, since is has been defeated its property is a full go. A lot of upside potential here. I have put up about 5% market cap at its current list price, however, because it’s been on the market for so long, and we’re close to year’s end, there’s an opportunity to make an even better deal.
Paul’s Pick #2 – 845 Paloma Avenue – Burlingame [click here for more]
For my final pick this week I have 845 Paloma Avenue in Burlingame. This 2-bedroom 1-bathroom home is ideal for either you downsizers or small families looking to add value to your next opportunity. I absolutely love this location, walking distance to both Broadway and Burlingame Avenue, however bring you contractors, because this home is the definition of a fixer-upper.