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Blog Details for "Bay Area Investment Real Estate"
Bay Area Investment Real EstateBay Area Investment Real EstateReal estate investment focused blog. Focused on the San Francisco Bay Area and Silicon Valley. Apartment buildings, offices, retail, shopping centers, TICs and house investments discussed. Articles
Commercial Brokerage Cooperation and Non-Cooperation
2008-03-12 17:51:00 I understand commercial real estate agents and brokerages want to keep their listings to themselves. This will eventually make the company receive 100% of the commission on the sale. My big difficulty is - this under-exposes the listing and the seller gets a lower price due to it's poor exposure. I just ran across a listing that required an electronically signed statement by the buyer's agent for, get this, 0% commission! I gripe at the 1% fees offered out. I really gripe (and then blog about it) when I have to sign a document that gets me NOTHING! Does this help the seller? Can I effectively market the listing to my buyer? GRRRRR.... More About: Commercial , Cooperation , Brokerage
Team In Training Happy Hour Fundraiser at Xanh March 12th
2008-03-09 22:12:00 At Xanh I have set up a fundraiser perfect for all of us. What we drink at the bar & lounge between 5:30-7:30 on Wed March 12th, 25% of your drinks tab will go to the Leukemia & Lymphoma Society via Team in Training .So please make time, bring a friend or two and come have a drink next week.110 Castro Street in Mt View.Remember to mention Team in Training to the bartender or waitress.This goes towards my goal of raising $5,000 for L&L while running the San Diego marathon on June 1st.See you soon and let me know if you are coming so we can have a good head count,Thanks!- Mario More About: Happy Hour , Happy
Team In Training Happy Hour Fundraiser at Xanh March 12th
2008-03-09 22:12:00 At Xanh I have set up a fundraiser perfect for all of us. What we drink at the bar & lounge between 5:30-7:30 on Wed March 12th, 25% of your drinks tab will go to the Leukemia & Lymphoma Society via Team in Training .So please make time, bring a friend or two and come have a drink next week.110 Castro Street in Mt View.Remember to mention Team in Training to the bartender or waitress.This goes towards my goal of raising $5,000 for L&L while running the San Diego marathon on June 1st.See you soon and let me know if you are coming so we can have a good head count,Thanks!- Mario More About: Happy Hour , Happy
Nice 3 bedroom Bank REO Townhome in Milpitas $349,900
2008-03-09 19:04:00 3 bedrooms, 1 bath, fenced yard, low HOA dues, 1 car garage, convenient location to 237, 880 & 680 all for $349,900. Bank owned property. Easy transaction. Let me show you this great opportunity before it sells. The market is heating up in this category - 3 pending sales in this price point. More About: Bedroom , Townhome , Nice
Nice 3 bedroom Bank REO Townhome in Milpitas $349,900
2008-03-09 19:04:00 3 bedrooms, 1 bath, fenced yard, low HOA dues, 1 car garage, convenient location to 237, 880 & 680 all for $349,900. Bank owned property. Easy transaction. Let me show you this great opportunity before it sells. The market is heating up in this category - 3 pending sales in this price point. More About: Foreclosures , Homes , Bedroom , Townhome
Great Investment Opportunity
2008-03-08 00:11:00 Very solid rental investment property at the gateway of booming downtown San Jose. This well-located apartment building has been very well kept as well as upgraded over the last years. All units have newer central HVAC systems, double pane windows, new doors and other upgrades. There is good parking for the building both in the front and back. Fully occupied investment property - come look! Great condition apartment building. Your buyers will be pleased. Building has underwent the airport upgrades and is now in excellent shape. Not your typical downtown building. Please contact Mario Pinedo for any information Bus:408-342-3155 mario@interorealestate.com More About: Investment , Opportunity
Great Investment Opportunity
2008-03-08 00:11:00 Very solid rental investment property at the gateway of booming downtown San Jose. This well-located apartment building has been very well kept as well as upgraded over the last years. All units have newer central HVAC systems, double pane windows, new doors and other upgrades. There is good parking for the building both in the front and back. Fully occupied investment property - come look! Great condition apartment building. Your buyers will be pleased. Building has underwent the airport upgrades and is now in excellent shape. Not your typical downtown building. Please contact Mario Pinedo for any information Bus:408-342-3155 mario@interorealestate.com More About: Investment , Opportunity
Best Deal in Silver Creek Country Club
2008-03-08 00:08:00 GORGEOUS PROPERTY!!! EXCELLENT CONDITION!!! BEST DEAL IN SILVER CREEK COUNTRY CLUB!! VIEW OF MOUNTAINS!! BRITE & OPEN FLOOR PLAN WITH HIGH CEILINGS* LOTS OF WINDOWS!!* GRANITE KITCHEN COUNTERTOPS* NEWLY REFINISHED KITCHEN CABINETS* TILE ISLAND* UPGRADED CARPET* DOWNSTAIRS GUEST SUITE* STUNNING OFFICE WITH CUSTOM BUILT-IN CHERRY WOOD CABINETRY* ATTAHCED 3 CAR GARAGE* ENJOY POOL & JACUZZI* Please call Mario Pinedo, CCIM Intero Real Estate Services for any information on this property Bus:408-342-3155 mario@interorealestate.com More About: Country , Silver , Deal , Club , Country Club
Best Deal in Silver Creek Country Club
2008-03-08 00:08:00 GORGEOUS PROPERTY!!! EXCELLENT CONDITION!!! BEST DEAL IN SILVER CREEK COUNTRY CLUB!! VIEW OF MOUNTAINS!! BRITE & OPEN FLOOR PLAN WITH HIGH CEILINGS* LOTS OF WINDOWS!!* GRANITE KITCHEN COUNTERTOPS* NEWLY REFINISHED KITCHEN CABINETS* TILE ISLAND* UPGRADED CARPET* DOWNSTAIRS GUEST SUITE* STUNNING OFFICE WITH CUSTOM BUILT-IN CHERRY WOOD CABINETRY* ATTAHCED 3 CAR GARAGE* ENJOY POOL & JACUZZI* Please call Mario Pinedo, CCIM Intero Real Estate Services for any information on this property Bus:408-342-3155 mario@interorealestate.com More About: Country , Silver , Deal , Club , Country Club
Bank Owned REO Condo in Mountain View
2008-03-07 21:47:00 I just toured this very nice 2 bedroom, 1 bath condo in Mountain View at $349,900 for 894 square feet that was a very good deal. It was a short sale for months and is now wholly owned by the bank and finally deliverable without all the headaches of a short sale. Near Castro Street and off of Middlefield and HWY 85. Call me to tour asap! More About: Foreclosures , Condo , Homes
Bank Owned REO Condo in Mountain View
2008-03-07 21:47:00 I just toured this very nice 2 bedroom, 1 bath condo in Mountain View at $349,900 for 894 square feet that was a very good deal. It was a short sale for months and is now wholly owned by the bank and finally deliverable without all the headaches of a short sale. Near Castro Street and off of Middlefield and HWY 85. Call me to tour asap! More About: Condo , Owned , Bank
New loan guidelines and higher limits
2008-03-07 21:41:00 Yulin Lee of Opes Advisors - she is my go-to lender - submitted this press release on the new loan limits by Fannie Mae:Fannie Mae Implements Jumbo-Conforming MortgagesAs of this morning, Fannie Mae announced that it will increase its conventional loan limits to a maximum of $729,750 for single family homes. This increase is a temporary one, and is good through the end of 2008.This new "breed" of loans between $417K - $729,750 are being called Jumbo-Conforming loans, and Fannie Mae has published details on borrower and product eligibility, underwriting, pricing, and delivery of these loans for certain high-cost areas.Here's a quote from Fannie Mae: "To help provide liquidity to this market segment, we will accept whole loans and MBS deliveries of Jumbo-Conforming Mortgages starting April 1, 2008 for 15- and 30-year FRMs, and starting May 1, 2008 for 5/1 ARMs. A 5/1 ARM with a 10-year interest-only period will be available in addition to fully amortizing options."Ten Bay Area counti... More About: Financing , Loan , Limits , Guidelines , Higher
New loan guidelines and higher limits
2008-03-07 21:41:00 Yulin Lee of Opes Advisors - she is my go-to lender - submitted this press release on the new loan limits by Fannie Mae:Fannie Mae Implements Jumbo-Conforming MortgagesAs of this morning, Fannie Mae announced that it will increase its conventional loan limits to a maximum of $729,750 for single family homes. This increase is a temporary one, and is good through the end of 2008.This new "breed" of loans between $417K - $729,750 are being called Jumbo-Conforming loans, and Fannie Mae has published details on borrower and product eligibility, underwriting, pricing, and delivery of these loans for certain high-cost areas.Here's a quote from Fannie Mae: "To help provide liquidity to this market segment, we will accept whole loans and MBS deliveries of Jumbo-Conforming Mortgages starting April 1, 2008 for 15- and 30-year FRMs, and starting May 1, 2008 for 5/1 ARMs. A 5/1 ARM with a 10-year interest-only period will be available in addition to fully amortizing options."Ten Bay Area counti... More About: Loan , Limits , Guidelines , Higher
Shopping Center for sale Sacramento Roseville
2008-03-07 03:26:00 There is a very nice, bite size two tenant retail shopping center pad for sale in Roseville . Offered at $2,200,000, this is a 4 year old property, fully occupied by a strong restaurant tenant (we love restaurants and dental practices - if you ask why - I'll get in to it) and a small office retail space occupied by Nationwide Insurance. Decent cap rate of 6.75%, with 10 year money at approximately 6.4%. The IRR on this deal is over 10% before tax and 8% after tax. This would make a very good investment property. More About: Shopping , For Sale , Sale , Sacramento
Shopping Center for sale Sacramento Roseville
2008-03-07 03:26:00 There is a very nice, bite size two tenant retail shopping center pad for sale in Roseville . Offered at $2,200,000, this is a 4 year old property, fully occupied by a strong restaurant tenant (we love restaurants and dental practices - if you ask why - I'll get in to it) and a small office retail space occupied by Nationwide Insurance. Decent cap rate of 6.75%, with 10 year money at approximately 6.4%. The IRR on this deal is over 10% before tax and 8% after tax. This would make a very good investment property. More About: Shopping , For Sale , Sale , Sacramento
Immaculate home in West San Jose
2008-03-06 23:40:00 Gorgeous remodel. New interior, exterior and landscaping. Huge master suite, new bathroom with spa tub. Was 4 bedroom original floor plan. Now is a 3 bedroom huge master bedroom suite with added den (not included in square feet). Double pane windows, tile roof, new interior paint, hardwood floors just refinished, new texturing and more. This home is stunning. Baker Elementary - A California Distinguished School is walking distance.Located at 2098 Arrowood Lane, San Jose CAOpen House Saturday 3-8-2008 1:30pm - 4:30pm and Sunday 3-9-2008Call me for a personal tour at 408-342-3155 More About: Home , West
Immaculate home in West San Jose
2008-03-06 23:40:00 Gorgeous remodel. New interior, exterior and landscaping. Huge master suite, new bathroom with spa tub. Was 4 bedroom original floor plan. Now is a 3 bedroom huge master bedroom suite with added den (not included in square feet). Double pane windows, tile roof, new interior paint, hardwood floors just refinished, new texturing and more. This home is stunning. Baker Elementary - A California Distinguished School is walking distance.Located at 2098 Arrowood Lane, San Jose CAOpen House Saturday 3-8-2008 and Sunday 3-9-2008Call me for a personal tour at 408-342-3155 More About: Home , West
Silicon Valley Rents on the Rise....
2008-03-06 19:36:00 Our good friends at Cal-Western Property Management have the following duplex units for rent across the valley. They have a very small inventory of available rental units. Most of their portfolio is happily rented or leased. At these rents, the duplex market is a good opportunity to invest in because prices have been weakend a bit by the financing shake up.-Los Gatos- 671 Vasona Ct. $1700 monthly rent 3/2 Dplx: frplc/patio/pool/frig/wdhkp/yard- 1300sqft garage-Mt. View- 210 Kittoe Dr. #A $1700 monthly rent 3/1.5 Dplx: dspl/lndryrm/patio/frig/yard- 1100sqft carport-San Jose Almaden- 6546 Crown Blvd. $2395 monthly rent 3/2 Dplx: dshw/frplc/dspl/patio 1700sqft 2-car- San Jose Downtown- 766 Vestal St. $1550 monthly rent 3/1 Dplx: lndryrm/frig/wdhkp 954sqft 1 car space-San Jose South- 775 Blossom Hill Rd. $1695 monthly rent 3/2 Dplx: dshw/dspl/lndryrm/patio/frig/yard 1200sqft 1 car More About: Silicon Valley , Rise , Silicon , Valley
Silicon Valley Rents on the Rise....
2008-03-06 19:36:00 Our good friends at Cal-Western Property Management have the following duplex units for rent across the valley. They have a very small inventory of available rental units. Most of their portfolio is happily rented or leased. At these rents, the duplex market is a good opportunity to invest in because prices have been weakend a bit by the financing shake up.-Los Gatos- 671 Vasona Ct. $1700 monthly rent 3/2 Dplx: frplc/patio/pool/frig/wdhkp/yard- 1300sqft garage-Mt. View- 210 Kittoe Dr. #A $1700 monthly rent 3/1.5 Dplx: dspl/lndryrm/patio/frig/yard- 1100sqft carport-San Jose Almaden- 6546 Crown Blvd. $2395 monthly rent 3/2 Dplx: dshw/frplc/dspl/patio 1700sqft 2-car- San Jose Downtown- 766 Vestal St. $1550 monthly rent 3/1 Dplx: lndryrm/frig/wdhkp 954sqft 1 car space-San Jose South- 775 Blossom Hill Rd. $1695 monthly rent 3/2 Dplx: dshw/dspl/lndryrm/patio/frig/yard 1200sqft 1 car More About: Silicon Valley , Rise , Silicon , Valley
Little Saigon San Jose by Jade Pham
2008-03-06 19:17:00 A very good friend of mine wrote this open letter regarding the turmoil over the naming of the 1 mile strip of commercial property on Story Road between Hwy 101 and Senter Road. I thought it was worth distributing so we can all have a better perspective of what goes on in the valley:Hello Everyone:These past few months, I have followed the Little Saigon controversy closely in San Jose . For the neophyte, this appears to be an issue of naming a business zone in San Jose. But lack of city leadership has turned this into so much more than that. It has become an issue of holding public officials accountable for their words and actions and after last night's council vote, it has become an issue of our city government's deliberate refusal to listen to the pleas of their constituents.Cut through the rumors and conjecture, the facts are these - several months ago, amid public pressure, Councilwoman Madison Nguyen held a public forum at Yerba Buena Highschool. When attendees urged her to f... More About: Jade
Little Saigon San Jose by Jade Pham
2008-03-06 19:17:00 A very good friend of mine wrote this open letter regarding the turmoil over the naming of the 1 mile strip of commercial property on Story Road between Hwy 101 and Senter Road. I thought it was worth distributing so we can all have a better perspective of what goes on in the valley:Hello Everyone:These past few months, I have followed the Little Saigon controversy closely in San Jose . For the neophyte, this appears to be an issue of naming a business zone in San Jose. But lack of city leadership has turned this into so much more than that. It has become an issue of holding public officials accountable for their words and actions and after last night's council vote, it has become an issue of our city government's deliberate refusal to listen to the pleas of their constituents.Cut through the rumors and conjecture, the facts are these - several months ago, amid public pressure, Councilwoman Madison Nguyen held a public forum at Yerba Buena Highschool. When attendees urged her to f... More About: Jade
Multi-Family Short Sales we are tracking.....
2008-03-04 23:32:00 Street Address List Price City Zip Code355-61 S WILLARD AV 3700000 San Jose 95126141 W HAMILTON AV 950000 Campbell 95008439 N 8TH ST 839888 San Jose 95112496 W NORTHLAKE DR 839000 San Jose 951173155 WILLIAMSBURG DR 830000 San Jose 95117994 ZARICK DR 825000 San Jose 9512932 MANNING AV 825000 San Jose 951274295 CAMDEN AV 819900 San Jose 951242944 DRIFTWOOD DR 768888 San Jose 951285547 THORNWOOD DR 750000 San Jose 951234057 BARRYMORE DR 739000 San Jose 951171837 MESITA WY 735900 San Jose 951241419 ESSEX WY 729000 San Jose 951175222 SNOW DR 724000 San Jose 951111047 OAKMONT PL 720000 San Jose 95117180 E YOUNGER AV 700000 San Jose 951121517 POMONA AV 699000 San Jose 95110357 LELAND AV 695000 San Jose 95128155 OAK ST 690000 San Jose 95110261 S 22ND ST 689999 San Jose 95116446 DOMA DR 689000 San Jose 95117734 DAILEY AV 680000 San Jose 95123269 WASHINGTON ST 680000 San Jose 95112700 BANFF ST 680000 San Jose 95116936 PREVOST ST 679000 San Jose 95125650 S CYPRESS AV 670000 San Jose 95117700 B... More About: Family , Sales , Multi , Tracking , Short
Duplexes, Fourplexes and Apartment Building Short Sales we are tracking...
2008-03-04 23:32:00 This is a list of short sale multi-family residential investment properties that we are tracking in the greater San Jose market. Let me know if you want to run some numbers and see how this can work for you.Street Address List Price City Zip Code355-61 S WILLARD AV 3700000 San Jose 95126141 W HAMILTON AV 950000 Campbell 95008439 N 8TH ST 839888 San Jose 95112496 W NORTHLAKE DR 839000 San Jose 951173155 WILLIAMSBURG DR 830000 San Jose 95117994 ZARICK DR 825000 San Jose 9512932 MANNING AV 825000 San Jose 951274295 CAMDEN AV 819900 San Jose 951242944 DRIFTWOOD DR 768888 San Jose 951285547 THORNWOOD DR 750000 San Jose 951234057 BARRYMORE DR 739000 San Jose 951171837 MESITA WY 735900 San Jose 951241419 ESSEX WY 729000 San Jose 951175222 SNOW DR 724000 San Jose 951111047 OAKMONT PL 720000 San Jose 95117180 E YOUNGER AV 700000 San Jose 951121517 POMONA AV 699000 San Jose 95110357 LELAND AV 695000 San Jose 95128155 OAK ST 690000 San Jose 95110261 S 22ND ST 689999 San Jose 95116446 DOMA DR ... More About: Building , Sales , Tracking , Short
Current Single Family, Town house and Condo Short Sales we are tracking...
2008-03-04 23:05:00 Street Address List Price City Zip Code230 N MURPHY AV 999000 Sunnyvale 940864397 LAIRD CI 959000 Santa Clara 95054654 TULANE DR 899950 Santa Clara 950514496 HEADEN WY 815000 Santa Clara 9505410356 MENHART LN 750000 Cupertino 950141364 NORMAN DR 731364 Sunnyvale 940871091 LUND TE #00043 730000 Sunnyvale 940893395 CABRILLO AV 719000 Santa Clara 9505118624 LOREE AV 709500 Cupertino 950141249 OAK CREEK WY 700000 Sunnyvale 940893427 LAGUNA CT 699000 Santa Clara 95051713 SANTA RITA ST 699000 Sunnyvale 94085533 SEQUOIA DR 699000 Sunnyvale 940861777 POMEROY AV 690000 Santa Clara 950511632 CABRILLO AV 685500 Santa Clara 950504726 ARMOUR DR 684888 Santa Clara 95054263 VELVETLAKE DR 680000 Sunnyvale 940891128 PRESCOTT AV 679000 Sunnyvale 940892543 BORAX DR 679000 Santa Clara 95051774 SANTA PAULA AV 675000 Sunnyvale 94085745 SAN SIMEON ST 669000 Sunnyvale 940852111 PRUNERIDGE AV 658888 Santa Clara 950501749 LOS PADRES BL 650000 Santa Clara 95050418 S MARY AV 650000 Sunnyvale 940861763 HIGGINS ... More About: Family , House , Sales , Current , Condo
Current Single Family, Townhouse & Condo Short Sales we are tracking in
2008-03-04 23:05:00 This is a partial list of the great purchase opportunities we are tracking in the valley. Let us know if you want to see any of these.Street Address List Price City Zip Code230 N MURPHY AV 999000 Sunnyvale 940864397 LAIRD CI 959000 Santa Clara 95054654 TULANE DR 899950 Santa Clara 950514496 HEADEN WY 815000 Santa Clara 9505410356 MENHART LN 750000 Cupertino 950141364 NORMAN DR 731364 Sunnyvale 940871091 LUND TE #00043 730000 Sunnyvale 940893395 CABRILLO AV 719000 Santa Clara 9505118624 LOREE AV 709500 Cupertino 950141249 OAK CREEK WY 700000 Sunnyvale 940893427 LAGUNA CT 699000 Santa Clara 95051713 SANTA RITA ST 699000 Sunnyvale 94085533 SEQUOIA DR 699000 Sunnyvale 940861777 POMEROY AV 690000 Santa Clara 950511632 CABRILLO AV 685500 Santa Clara 950504726 ARMOUR DR 684888 Santa Clara 95054263 VELVETLAKE DR 680000 Sunnyvale 940891128 PRESCOTT AV 679000 Sunnyvale 940892543 BORAX DR 679000 Santa Clara 95051774 SANTA PAULA AV 675000 Sunnyvale 94085745 SAN SIMEON ST 669000 Sunnyvale 94085... More About: Family , Sales , Current , Condo , Single
San Jose & Sunnyvale Fourplexes
2008-03-04 03:25:00 There are some very good opportunities that we are tracking in the 4plex market in Silicon Valley. Four buildings in Sunnyvale look very good. Also, there is a blossom valley 4plex that is in great shape AND has the 5th best price per square foot in the valley. This market has also been affected by financing and seems like a great buying opportunity. More About: San Jose , Jose
San Jose & Sunnyvale Fourplexes
2008-03-04 03:25:00 There are some very good opportunities that we are tracking in the 4plex market in Silicon Valley. Four buildings in Sunnyvale look very good. Also, there is a blossom valley 4plex that is in great shape AND has the 5th best price per square foot in the valley. This market has also been affected by financing and seems like a great buying opportunity. More About: San Jose , Jose
The Bottom Has Passed in Santana Row
2008-02-29 20:53:00 Three sales of the popular "A" model just closed escrow. These three were on the market as distressed sales (financial difficulty, short sale, etc). They were also on the market through the late part of 2007 when gloom and doom thoughts were more prevalent. The lowest sale recorded at $500,000 for a model in the Margo building which overlooked the trash dumpster and the east foothills. Another Margo unit - also east foothills - closed at $569,000. And the third was a DeForest building unit facing the west foothills which closed at $525,000. These were models A2, A1 and A1. The recent pending sales are in escrow much higher than this. The last closing, yesterday 2/28/08 was for an A1 unit overlooking SR in Margo for $616,000. I doubt any other SR facing A unit will sell below this from now on. As I've mentioned before, there is a bottom evident out there folks - time to step up and fast! More About: Homes , Santana Row , Santana , Bottom
The Bottom Has Passed in Santana Row
2008-02-29 20:53:00 Three sales of the popular "A" model just closed escrow. These three were on the market as distressed sales (financial difficulty, short sale, etc). They were also on the market through the late part of 2007 when gloom and doom thoughts were more prevalent. The lowest sale recorded at $500,000 for a model in the Margo building which overlooked the trash dumpster and the east foothills. Another Margo unit - also east foothills - closed at $569,000. And the third was a DeForest building unit facing the west foothills which closed at $525,000. These were models A2, A1 and A1. The recent pending sales are in escrow much higher than this. The last closing, yesterday 2/28/08 was for an A1 unit overlooking SR in Margo for $616,000. I doubt any other SR facing A unit will sell below this from now on. As I've mentioned before, there is a bottom evident out there folks - time to step up and fast! More About: Santana Row , Santana , Bottom
Short Sales vs. "Normal" Sales
More articles from this author:2008-02-27 04:31:00 Agents and their buyers are far more apt to make an offer on a "normal" property than a potentially more lucrative short sale especially in a 1031 exchange situation. The best values in the market right now tend to be the most difficult. The "deal" that you see may not even be deliverable - full price or otherwise. This is because a short sale listing is probably not sanctioned by the true seller - the bank or more difficult - the banks. Therefore, a valid offer may languish in committee and a straight forward acceptance or rejection may never come. If you are in an exchange - this is not for you. 45 days go by fast. Therefore, the perhaps not so well-priced, yet deliverable normal sale seems far more attractive when you need or want to act quickly. Of course, there are strategies to counter act this - and that is for another blog entry - I've got to keep my numbers up! More About: Sales , Short , Normal 1, 2, 3, 4, 5, 6, 7 |
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