January 28, 2011

Amazing income opportunity in East Palo Alto

Beds: 3
Baths: 1
Sq. Ft.: 940
$/Sq. Ft.: $266
Lot Size: 5,000 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1927
Community: East of U.S. 101
County: San Mateo
MLS#: 81057944
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 23 days
PRICE TO SELL FAST!!!  Start building equity right now with this great home in up and coming area of East Palo Alto. This home is well maintained and would be a wonderful starter home or a fantastic income property. New roof!! This property was rented out for $2,000/month. Recently got new carpet, paint and appliances. Priced to sell!!!

Thanks to Burbed reader A.L. for this find!

First, let’s look a the history of this fine, affordable, property.

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Wow, just look at the equity possibilities here. Here is $315k of instant equity just sitting around waiting for you to tap.

But what A.L. really wanted to point out was the fact that this place currently rents out for $2000 a month! Can you believe that? $2000 a month in East Palo Alto. Talk about an amazing revenue stream. I wonder who is paying that rate – what are your thoughts?

Comments (24) -- Posted by: burbed @ 5:36 am






November 18, 2010

This house appreciated 85% this year–how much will it appreciate for you?

$2,399,000
Beds: 3
Baths: 3
Sq. Ft.: 2,480
$/Sq. Ft.: $967
Lot Size: 1.23 Acres
Property Type: Detached Single Family
Stories: 1
View: Mountains
Year Built: 1973
Community: Emerald Hills Area
County: San Mateo
MLS#: 81049540
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 34 days
Five minutes from downtown Woodside, this extensively remodeled 3 bedroom 3 bath home offers spacious, light filled rooms, magnificent views and quality finishes. The grounds consist of manicured lawn areas, patio and new landscaping. The approximately 1300 sf remodeled guest quarters provide an open kitchen and living room, full bath and two bonus rooms. 3 car garage.

Thanks to Burbed reader A.L. for this great find!

Here’s what A.L. had to say:

Look at this flip. Looks like a 100K renovation, but doubled the $1M+ price!

Well, that’s curious. Let’s check out the history:

image

Holy moley! If this house appreciated 85% for the current owner this year alone, how much will this house appreciate for you next year?

My god… this house might be a trillion dollars by the end of the next decade! Put that sleeping money of yours into this property, and let it ride! Let it RIDE!

Comments (10) -- Posted by: burbed @ 5:17 am