Welcome to Paul’s Picks, a weekly segment where I showcase 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, I closely and constantly monitor a wide arrange of product types seeking out the top values. 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 – 44 Santa Rosa Ave – Pacifica (Call for more details)
My first pick this week is a 6 unit building at 108 Hobart Avenue in San Mateo. This property is ideal for you investors
looking to exchange out of your high-maintenance high-impacted buildings in a low-income area who want that turnkey trophy-
style building with one of the best locations in the San Mateo county. 5 out of the 6 large 2 bedroom units have been
completely remodeled, so you don’t have to do the hassle of remodeling vacancies — simply set it and forget it. The building
is currently operating at a 4.3% cap rate, so with 50% down, you’ll enjoy 3.4% cash-on-cash rate return. And though the 3.6
million dollar price tag may seem lofty, there is truly no safer long-term investment.
Paul’s Pick #2 – 2005 Ray Drive – Burlingame [click here for more]
My second pick for this week is our very own listing at 2005 Ray Drive in Burlingame. I love this home because there’s no better add-value opportunity than this 4-bedroom 3-bathroom 20-unit square foot home. Don’t pay that premium for somebody else’s remodeled project. Keep that equity in your pocket and build your dream home.
Paul’s Pick #3 – 1279 Vista Grande – Millbrae [click here for more]
My final pick for this week is 1279 Vista Grande in Millbrae. This completely remodeled turnkey base rancher has one of the most breathtaking views I’ve seen in a while, and at just under a 600-square foot is a hell of a deal.