Tuesday, November 29, 2011
Sunday, November 6, 2011
Short sales are the new bank owned opportunity in today's real estate market. Most banks now prefer to work through a short sale than the more abrassive foreclosure processs. Patience is a virtue and a necessity in acquiring a short sale - and the rewards are better!
1341 McKendrie Street, San Jose, CA 95126 offered at $795,000.
Tuesday, November 1, 2011
Friday, October 28, 2011
Wednesday, October 26, 2011
Monday, October 24, 2011
Now, some 2 years after Silicon Valley's bottom (March 2009), equities are coming back and there is now a renewed need for the 1031. Also, some investors who bought at the bottom in 2009 and 2010, are looking at newly created equity which also suggests rolling equities to a new property via the 1031.
The rules have not changed much and are still very favorable for an investor to leverage his equity into a new investment property, while deferring capital gains taxes.
Friday, October 21, 2011
Wednesday, October 12, 2011
1. Bank Owned - in need of a contractor - this is not your paint and carpet fixer - if you scare easily then this is not for you! Previous owner took the kitchen (cabinets and all) and the bathrooms (no toilets or tubs). Now for the good part: it is a newer home (built in 1991) in the hot Berryessa area of San Jose, 2,350 square feet on a decent sized lot, 4 bedrooms, 2.5 baths. This home is being offered at a discount to compensate for the repairs and the sweat equity needed. Price approximately $600,000.
2. Short sale single family home in South San Jose 95138 zip code off of Monterey Expressway. 1,450 square feet, built in 1990, on a 5,700 square foot pie shaped lot. This IS a paint and carpet fixer. Nice location on the street and in the development. Great for rental investment or owner-occupant. Pricing estimate is $450,000.
Both are not on the market yet - let us know if you want more details.
Thursday, September 29, 2011
Wednesday, September 28, 2011
Tuesday, September 27, 2011
Retail is healthy on the Peninsula - low unemployment and healthy salaries support retail sales and we don't see too much retail turmoil.
Hotels are coming back. This tends to be more a national issue compared to the more localized retail and office markets.
And the opportunity of the day is an office building adjacent to Sand Hill Road with rare financial distress that would be a great purchase for a venture capital group, law firm, medical group or...? Stop paying $6 per foot for 1960's era office space and own much better space for less. Call us for details.
Monday, September 26, 2011
This will make for a strong rental investment property or great owner-user home. Conventional Fannie Mae or Freddie Mac financing is also available. Call us to set up a tour of this great short sale duplex in downtown San Jose.
Tuesday, September 13, 2011
Thursday, August 25, 2011
Tuesday, August 9, 2011
Monday, August 8, 2011
Also check out out sites in LA: bankownedcommercialpropertylosangeles.com & losangelesinvestmentrealestate.com for more deals.
Friday, August 5, 2011
In core retail areas with good demographics, retailers are looking to occupy spaces to engage with the household incomes that surround the buildings. Office users such as the many high tech companies that built the valley are looking to take space for future or immediate expansions. Companies that support or are off-shoots of the big players (Apple, HP, Cisco, etc) are also looking to take space near their suppliers and customers.
Residential rents are up for a variety of factors (the rash of foreclosures, lack of good first time home buyer financing and an influx of new hires into the area). This makes valuations on apartment buildings not very attractive to investors. But they are great cash flow vehicles for the existing landlords. Though, there are some very good opportunities in single unit rentals up to 4plex properties.
The commercial real estate market in Silicon Valley / San Jose has had its movements over the last few years. We are here to guide you in whatever goal you want to achieve.
One property is 25,000+ square feet, with 4/1,000 parking ratio for $3.3M in San Jose. These opportunities come once in a blue moon. For more info, please contact us to tour this potential church property in San Jose.
Monday, July 18, 2011
Tuesday, July 12, 2011
Wednesday, June 29, 2011
Santa Clara - 4plex - short sale - 3,177 square feet, built in 1962, pre-approved short sale at $665k, 12.3 GRM
Campbell - 4plex - short sale - 3,328 square feet, built in 1962, short sale with offers submitted but not ratified yet - deliverable at approximately $650k, 11.5 GRM
Santa Clara - 4plex - short sale - 3,177 square feet, built in 1962, pre-approved short sale at $630k, 12.7 GRM
Santa Clara - 4plex - Bank REO - 3,120 square feet, built in 1962, vacant property, needs contractor skills to rehab this property.
There are some very good opportunities to invest in foreclosed and short sale 4plexes in the valley right now. All 4 of these properties sold at or above $900,000 a few years ago. Most will cash flow with 25% down payment. IRRs in the 10%+ range before tax. Some with cap rates approaching 6%. Let us run the numbers for you and show you how these properties can increase your net worth.
Tuesday, June 28, 2011
Tuesday, June 21, 2011
8 private offices
Large conference room
Lots of furniture included!
All of this for $1.00 per foot Modified Gross lease. This space is very well upgraded and high end. Call us to tour.
Thursday, June 9, 2011
Thursday, June 2, 2011
This property would be ideal for an owner user who has an industrial use business to serve San Francisco and the Peninsula. Call us for details 415-269-6249.
Tuesday, May 31, 2011
Now this is not necessarily a rah rah of the Valley - when considering a purchase or a sale of real estate, we want to take into account all the possible factors - it's not just about price!
Monday, May 30, 2011
765 Blossom Hill - duplex San Jose 95123 area - $580,000 short sale. 3 bedroom, 2 bath unit and 2 bedroom, 1 bath unit, 2,332 square feet of living space.
149 Adler, Campbell - no rent control - 4plex, asking $775,000, regular sale, 3,747 square feet, very well maintained building, double pane windows, garages per unit, newer comp roof, regular sale! - this is a nice deal.
581 Nello Drive, Campbell 4plex, 3,957 square feet, $750,000, short sale, very nice condition property at end of 4plex neighborhood development. Two three bedroom units and two two bedroom units.
2095 Lynnhaven Drive, San Jose duplex, 95128, short sale $470,000, 1,790 square feet, nice owner occupant unit with larger unit in the back. Great west valley location.
1332 White Drive, Santa Clara duplex, $499,000, 1,476 square feet, very good El Camino & San Thomas Expressway location, short sale, great rental property.
620 Gamma Court, built in 1977, 4plex short sale, very well constructed, extra parking, larger pie shaped lot, $699,000, 3,510 square feet.
Call us today to talk about which apartment investment in the San Jose area is best for you.
Many people in the last 5-10 years find themselves owning a home that is now worth less than what they paid for it and possibly less than what is owned on the property. Others people have loans that have adjusted to payment levels that are unaffordable. This, coupled with a drop in equity, makes a refinance highly unlikely. But there are solutions!
Credit is also a concern for many people. Does a short sale have less negative impact on your FICO score than a foreclosure or a bankruptcy? But what other factors also impact your credit score? Late payments compounded month after month will have significant negative effect on your FICO score. This may negate the gravity of a short sale/foreclosure question.
What your home is worth is also a very important factor. In Santa Clara County alone, there are sub-markets that are very healthy and prices are rising and there are sub-markets that are quite weak. Your home's value will impact the decision whether to short sell, modify the loan or any of the other options discussed above.
An important step in this process is to sit down with an experienced Realtor to review all your options. Even if you have received a Notice of Default or a Notice of Trustee Sale, there still may be time to enact a better solution. Feel free to email me or call anytime:
Keller Williams Realty
Serving buyers and seller since 1991.
For further articles on this topic, I have linked all the short sale articles here.
Thursday, May 12, 2011
Cupertino Union School District Map
Cupertino Union School District Street Finder
Fremont Union High School District Map
Fremont Union High School District Street Finder
Not to confuse those who live in the City of Fremont in Alameda County... but the Fremont Union High School District is located in the Cities of Cupertino and Sunnyvale. The high schools are Cupertino High School, Fremont High School, Homestead High School, Lynbrook High School & Monta Vista High School.
If you want excellent advice on what home to buy in these areas, please call me at 415-269-6249. I have been selling in Cupertino and throughout the Silicon Valley since 1991. I will be very glad to take your call.
Wednesday, May 11, 2011
Monday, April 25, 2011
Not so long ago (think Dot Com boom), companies were out of luck when looking for work space for their expansions. We were converting industrial warehouses into cube farms to make room. With the large leases of Facebook, Google, Apple and others - the rest of the valley is getting concerned that space may not be so readily available when the next tech wave hits. Already, we are seeing rents rise in compensation to leases being signed.
It's not an issue of whether $1.50 per foot office space is reasonable today, the real question is do you want to pay $2.50 per foot a few years from now - if that is even available.
Our office is located in Cupertino and the Apple expansion is very evident with them taking space in many of the Class A & B buildings in the city. In our building, LAB 126 (Amazon) who designs the Kindle is in full expansion mode. The center of Silicon Valley is where everyone wants to be and needs to be. So be prepared to compete for space in the heart of it all the innovation.
Sunday, April 10, 2011
The newest Sunnyvale townhome community for sale is now open for business. Talk to us about the best models in the right locations of this complex. Phase 1 was just released and homes will be delivered for occupancy in July and August of 2011. Call us for a private tour and great guidance on which homes to buy in the best Sunnyvale townhouse development to come for sale in years.
Thursday, April 7, 2011
Friday, March 25, 2011
We want good news in commercial real estate - but let's look at reality and make better decisions based on that.
Thursday, March 24, 2011
There are also some very good opportunities to lease in this complex and in others throughout San Jose and greater Silicon Valley. Call MPIRES group to tour these spaces. This is a great opportunity to buy a bank owned commercial condo in San Jose.
Wednesday, March 16, 2011
Top 3 deals from the west LA commercial meeting today:
1. 15 bulk condos new construction, fully rented, North Hollywood, great hold then sell in 2-3 years for big upside - $6,500,000.
2. 32 unit apartment in west LA near Culver City, built 1986, no rent control, great value add deal - needs updating - rents $200+ under market per unit - $7.4M
3. Development site approved for 52 apartments + 3,600 retail space, Van Nuys, 26,885 sqft lot, $2,350,000.
And check out our new Los Angeles Bank Owned Commercial Property for Sale site:
and our investment site in LA: www.losangelesinvestmentrealestate.com
Call me for detailed information on these and other investment or development deals.
Sunday, March 13, 2011
Call for a private tour of this short sale Silver Creek Valley Country Club home for sale.
Thursday, March 3, 2011
Wednesday, February 23, 2011
I like this deal - it's a single tenant NNN Starbucks in a great area with high household incomes and lots of new condo construction nearby. Excellent west Los Angeles county location. The picture is this morning at 8:00am, the place was very active with commuters grabbing their morning grande latte.
6.5 cap rate for 18 months, then a 7.25 cap rate for the next 5 years. Corporate Starbucks signature on the lease. This is a solid asset, perfect for a 1031 tax-deferred exchange or for a direct investment giving you a 5x multiple return compared to the 1.25% in the local bank CD. Call me for details. This Starbucks NNN deal will go fast.
What do DaVita Dialysis Centers, a tribe of diminutive people in South America and your 1031 exchange into a single tenant NNN property have in common?
Let me start with this, do you remember buying your plane ticket at your local retail center where your trusted travel agent was located? Yes, it's been a while, perhaps some 15 years since they dominated the landscape of retail spaces. Now, you don't go buy a paper ticket next to the Starbucks, you buy it on your laptop at the Starbucks.
Do you remember the more recent local Blockbuster Video store or Hollywood Video store where you walked in a few times per week to rent your VHS (ok, that's too far back, insert DVD for you youngsters). Now on-demand video and Hulu reign supreme.
Were you at the Howard Hughes Center mall last night in the Border's book store which is having a store closing sale? Why this travesty? Think Amazon, Kindle and Ipad magazine e-scriptions.
Ok Mario, what's the theme here? maybe... Technology kills things!
...and it kills things in relation to your commercial real estate investment.
One of the hot single tenant NNN property classes for sale are the dialysis centers that are popping up all over the map - think DaVita Dialysis as the Kleenex in this category. Hundreds of new DaVita centers are being built in local neighborhoods to service the needs of patients with poorly functioning kidneys typically an effect of long term diabetes disease. The investment concept around the sale of these NNN investments is that the centers will be well frequented by their base of committed customers for decades on out.
I was explaining my understanding of this to my muse Julie this morning in the car and she recalled Ecuadorian dwarfs in South America. (please hang on, there is a circular connection coming soon)
Apparently in the last few days, an article was posted about this tribe in the Andes where the genetic make up of the tribe makes cancer and diabetes virtually non-existent. So, the medical research world has invaded the little tribe to find the medical fountain of youth (or at least the fountain of anti-carcinogen) When (not if) this gene is isolated and when the drug company gets FDA approval, some of these ailments will be eliminated or reduced.
I may be overly focused on my favorite group of people - the commercial investors out there - and my concern is that there may be empty DaVita Dialysis centers on the landscape one day in the future - or at least some renegotiated leases because their business will slide.
Therefore, as a suggestion for your next real estate investment move, stay clear of over-valued NNN deals that may not be the hot investment vehicle of the near future. Instead, consider the basics of coffee, the local Burger King and my favorite - Taco Bell - as a healthy investment alternative. In my opinion, as healthy or not as we seem to be becoming, the US appetite will always crave the Whopper.
Tuesday, February 22, 2011
Friday, February 18, 2011
Monday, February 14, 2011
Just listed for sale in Santana Row's Margo building is one of the best 1 bedroom units available. 736 square feet for a unit on the 2nd floor of the Margo building with a private balcony facing Cocola Bakery. Offered at $320,000 - this is a reasonable price for this location and floor plan. The unit also comes with two parking spaces - very rare upgrade in the 1 bedroom units. Hurry, this unit will not last and a 1 bedroom in Santana Row with 2 parking spaces and a balcony is a rare sight.
Friday, February 11, 2011
Bank owned, 4,100 square foot new retail building in shell condition on major thoroughfare in San Leandro. Perfect owner user or investor building with multiple doors for various tenant spaces. Good parking with two street entrances. $649,000.
Bank owned, 10 acre parcel in the Hayward hills for 18 home subdivision new home development. Outstanding area amidst other high end home developments. Views from some of the lot locations. Call me for an update on the tentative map approval process which is underway. Price depending on an as-is purchase or after map approval.
Thursday, February 10, 2011
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Friday, January 21, 2011
I rarely post investment deals outside of California these days but this one looks very attractive. Lincoln Park is one of the most expensive suburbs outside of Chicago. Home prices average $1M+ and household income in the area is over $139,000. Chase is one of the winners in the banking world and this corner location on the main thoroughfare is a great location. Cap rate is 7.03%, $2,125,000 price with $149,336 net operating income. This is a sold 1031 exchange option or straight investment purchase. Call me for details on this quite popular investment opportunity.