Paul’s Picks – Second Week of September


    PAUL’S PICKS

    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)

    44 Santa Rosa Ave

    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]

    2005 Ray Drive

    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]

    1279 Vista Grande

    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.

     

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