Welcome to Paul’s Picks, a weekly segment where Paul 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 – 2014-2016 McAllister Street – San Francisco (Call for more details)
For our first pick this week, I got an exciting fixer-upper duplex opportunity at 2014-2016 McAllister Street in San Francisco. Absolutely love this location; NOPA has been red hot over the past 3 or 4 years, due to the popularity of their bars and restaurants along Divisadero; some of my favorite restaurants are just a few blocks away. This is a great opportunity for you owner-occupiers out there who are not afraid to roll up your sleeves, get dirty, do some work, and who are also looking to increase their purchasing power by having your tenant pay for part of your mortgage. Now the tenants that key here I think provides the opportunity because it’s scary enough for all you strict home buyers because it’s a daunting task taking on a tenant especially with the Rent Control Laws in San Francisco, and with the status claimed by the tenant, I think it’s scared enough a few of the investors. Now this is some very complicated stuff, so if you are interested, please DM me; I’d love to fill you in. But if you have the proper game plan and education, there is some serious money to be made here.
Paul’s Pick #2 – 2018 Monroe Avenue – Belmont [click here for more]
For my second pick this week, I’m taking you to Belmont at 2018 Monroe Avenue. This 3-bedroom 1-bathroom home is perfect for you first-time home buyers out there who are looking for a turnkey move-in-ready home. Listed for 1.1, I do expect a bit of bump in price, however, because of the smaller-than-average lot size, and the questionable permit of the third bedroom, I expect that to deter some unit buyers out there. Still taking those factors into account, and the 5-10% bump in price, I still think it’s a great deal, so check it out this weekend, this property is not gonna last long.