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 – Hazel Avenue – Millbrae [click here for more]
For my first pick this week, I have 466 Hazel Avenue in Millbrae. I absolutely love this lower location, with the tree lined streets and your proximity to downtown, the 400 block of Hazel itself is one of my favorite streets as well, you really get a lot of the privacy of being in a cul de sac, however without all the congestion. The home itself is just as impressive as the location. Of course, you know I love the charm and the detail that go into homes built of this area, but what really sets it apart is the ability to add livable square footage by developing a large basement area and adding on to your third level.
Paul’s Pick #2 – 3560 Crestmoor Drive – San Bruno (Call for more details)
For my second pick this week, I have a duplex at 3560 Crestmoor Drive in San Bruno. This is a great turnkey investment, meaning that both units are remodeled, vacant and ready to immediately rent out at market level rates as soon as you close Escrow. With a good unit mix of a 3-bedroom 2-bathroom and a 2-bedroom 1-bathroom unit, I considerably estimate this building to generate an annual gross revenue of just under $82,000.
Paul’s Pick #3 – 1521 Cedar Street – San Carlos [click here for more]
For my final pick this week, I have 1521 Cedar Street in San Carlos. The reason this is picked is very straightforward: it’s just finished its 4th week on the market, and we’ve seen its first price reduction of $100,000 last week, telling me we’ve got very motivated sellers here. And if you watch my videos, you know these are the opportunities in this market we can make the best deals. Now we could possibly negotiate that price even further, but you’re not competing with 3, 4, 5 other offers. So if you’re a Burlingame buyer in the 1.9 to the 2.2 price range and you’re frustrated with the lack of inventory in the competition levels that you’re facing, you need to expand your search to not only include this home in San Carlos, but this neighborhood as well.