Friday, November 23, 2007
5230 Birkdale Drive is an outstanding value within the gates of Silver Creek Valley Country Club. 4 bedrooms plus a den, 3.5 baths, 3 car garage and over 3,100 square feet for just $1,349,000. Nothing else at this price or lower until you drop 600 square feet. Former model home that you will love to own. Call for a tour.
DeForest Building west facing condo available just above Straits Cafe and Cocolat. What better location can you ask for? This unit has - in my opinion - the best kitchen cabinets and flooring available when the units were built out. Also, situated on the quiet side of the building so you won't be up all night - unless you want to. At $579,900 - this is a very good price for this unit. Hurry before this rare, well priced unit gets snapped up. Call for a tour.
Two fourplexes and 22 duplexes are on the market in San Jose in a short sale or pre foreclosure situation. With rents going up and vacancies dropping, this is a great time to invest. Let's take this opportunity to buy locally and watch equities grow over the next few years as this financial downturn stabilizes. Silicon Valley is hiring and we will lead the nation's recovery.
If you want a good opportunity on these great condos in central San Jose, give me a call. From Ryland Park townhomes to condos in downtown San Jose, these units will be sold and at good prices. Call today for an appointment to see.
Street Address Price Beds Baths Bldg SqFt
30 RYLAND PARK WY SAN JOSE 550000 2 2 1/2 1375
218 GRAYSON TERRACE SAN JOSE 549000 4 2 1/2 1581
735 NORTHRUP ST SAN JOSE 538000 3 2 1/2 1450
2183 SONADOR CM SAN JOSE 498000 2 2 1/2 1860
1510 LIMA CT SAN JOSE 489000 2 1 900
800 N 8TH ST #00120 SAN JOSE 488800 2 2 1214
49 S 24TH ST SAN JOSE 475000 2 2 1/2 1242
1310 SADDLE RACK #343 SAN JOSE 469999 2 2 1131
1280 PREVITERA CT SAN JOSE 469000 2 2 1462
412 S BUENA VISTA AV SAN JOSE 450000 2 2 1/2 1055
167 E EMPIRE ST SAN JOSE 450000 2 1 1/2 876
414 COYOTE CREEK CI SAN JOSE 375000 2 2 849
1060 S 3RD ST #00333 SAN JOSE 345000 1 1 667
1227 COYOTE CREEK CT SAN JOSE 339000 1 1 633
1550 TECHNOLOGY DR#4092 SAN JOSE 333000 1 1 0
1060 S 3RD ST #00204 SAN JOSE 305000 1 1 667
433 COYOTE CREEK CI SAN JOSE 299950 1 1 633
25 MONTE VERANO CT SAN JOSE 289950 1 1 597
516 MARTHA ST #00205 SAN JOSE 239900 1 1 472
I just helped some clients of mine sell their Sunnyvale rental duplex and enact a 1031 tax deferred exchange into their dream location - a stunning condo in San Francisco. This will be a medium term exist strategy for them. They will initially rent out the condo for at least one year and then convert the use later to either their principle residence or to a vacation rental. With the latter strategy - which they could do right away - they would be allowed 14 days of personal use per year and the rest of the time they can rent it through a vacation rental company to tourists. Many times if you achieve only 50% occupancy with the much higher daily rates charged, the investment can be a home run. I have a similar set up in Sitges, Spain and it has been a wonderful investment with very little management from me.
Certified Commercial Investment Member - essentially this is a Realtor designation given to those agents who have been taught how to analyze commercial and investment property. There are four one week courses - financial analysis, user decision analysis, market analysis and investment analysis. A candidate for the designation also must submit a portfolio of completed transactions with their applicable analysis work done. Finally the candidate must pass a national exam given only twice per year at the CCIM bi-annual conventions. Perhaps some 10% of all commercial agents ever achieve this designation. Those who do are assuredly experts in their trade. Whenever I look in different markets for help on transactions, I seek out other CCIM's for their deep knowledge.