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 – 987 Sandra Court – South San Francisco [click here for more]
Alright, folks, it is November so it’s officially buyer’s season. This is because sellers generally get more motivated towards the end of the year, and this is especially true with investors, which is why I’m starting this week off with 987 Sandra Court in South San Francisco. It’s a 4-unit building, all 2-bedroom 1 1/2-bathroom townhome-style units, been on the market now for a little over a month it fell out of contract once listed at 1,750,000 I like it for about a million-650, and at that rate, you’ll enjoy nice, easy 5% market cap.
Paul’s Pick #2 – 334 Poinsettia Avenue – San Mateo [click here for more]
Sticking with the strategy, and looking for properties that have been in the city for a few weeks, we had 334 Poinsettia Avenue in the San Mateo Village. It’s a great add-value 3-in-1 on a large 8,000 square foot lot. It’s been on the market now for about a month. You see the price reduction about two weeks ago from a million-2 to million-150, so an even better price can potentially be negotiated. It’s a great opportunity for you to get into a home that can grow as your family and needs grow.
Paul’s Pick #3 – 2022 Lyon Avenue – Belmont [click here for more]
For my final pick this week, I’m taking you to Belmont at 2022 Lyon Avenue. This 4-bedroom 2 1/2-bathroom home has been on the market for about a month and a half. We see the price reduction two weeks ago that got into contract. This has recently fallen out of contract due to buyer’s inability to get a loan, so in my experience we’re doing the very motivated seller here. Listed at a million-5, I like the property at million-425, which would be about 10% below the neighborhood average price per square foot.