1417 WALNUT STREET ALAMEDA, CA
Purchased in 2020, this building underwent a massive renovation that included installation of a new raised walkway and staircase, full exterior paint with modern paint scheme, new windows and trim, new exterior lighting, new exterior doors, and modern low-maintenance landscape throughout. The interiors were also fully transformed with new kitchens, baths, electrical and HVAC for each unit.
Resident storage units were added and offered for monthly rental. Installation of a new on-site laundry facility in the progress of being added as well.
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No. Units 9
Property Type Multifamily
No. Stories 2
Building Size 5,496 SF
Year Built 1948
Unit Mix (7) 1x1
(2) 2x1
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Purchase Price: $2,000,000
Current Value: $3,200,000 with 3.5% IO debt 15 years
Stabilized after cap ex 10% cash on cash
Post Renovation Premium: $600, per unit, per month
1317 W STREET SACRAMENTO, CA
Purchased in 2021, the exterior and interiors were renovated in under 6 months and all units re-rented at premiums. The exterior renovation included a full exterior paint with modern paint scheme, new exterior lighting, new exterior gates at the front and back of the building, new raised walkways, new fence, and modern low- maintenance landscape throughout. The interiors were also fully transformed with new LVT flooring throughout, kitchens, baths, and lighting each unit. Installation of a new on-site laundry machines were added.
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No. Units 9
Property Type Multifamily
No. Stories 2
Building Size 5,131 SF
Year Built 1975
Unit Mix (8) 1x1
(1) 2x1
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Purchase Price: $1,250,000
Current Value: $2,500,000
2X multiple in 12 months with 120% upside in rents
Post Renovation Premium: $800 per unit, per month
1133 Bonanza Ave South Lake Tahoe, CA 96150
1133 Bonanza Avenue, a meticulously maintained and remodeled 8-unit apartment complex in the world-renowned town of South Lake Tahoe. The is an ideal opportunity for workforce housing as the Casino's and Heavenly resorts are a key driver for employment in town. This unique investment sits on one large parcel totaling .95 Acres. The subject property comes with all studio units that have been completely remodeled throughout. Remodel includes exposed beam ceilings, new cabinets and countertops, new flooring throughout, new bathroom vanities and shower/tub surrounds. Many of the heaters and hot water heaters have been either replaced or updated. Dual pane windows were replaced throughout the entire property and sewer line was replaced in 2017-2018 as well. The property is zoned High Density Residential (HDR) and allows for 14 units total.
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No. Units 8
Property Type Multifamily
Building Size 2200
Year Built 1955
Unit Mix (8) studios
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45% increase in rents in 12 months
Post Renovation Premium: $400 per unit, per month
31 Maple Ln Walnut Creek
This beautiful, single-level home has been substantially renovated and features 3 bedrooms and 2 bathrooms. The gorgeous upgrades include brand new flooring throughout the home, brand new kitchen counters and cabinets, a beautiful new gas stove, gorgeous light fixtures, new bathroom vanity and shower/tub combo, a new garage door and a new garage floor as well as a fresh coat of paint both on the inside and outside of the home. The front landscape has been completely redone including an all-new walkway and driveway. This home is located on one of the larger lots on the street with a huge private backyard with plenty of room to add additional square footage or an ADU. This property is conveniently located in the desirable Parkmead Area which is close to downtown, schools, shopping centers, local restaurants, Bart and freeway access.
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Purchase price: $965,000
Date purchased: 9/14/2022
Sold price: $1,325,000
Date sold: 7/7/2023
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Turned a 3 bedroom 1 bath into a 3 bedroom 2 bath, resulting in a huge lift in appreciation.
2731 MAYFLOWER DRIVE ANTIOCH, CA
Beautifully updated 4 bedroom 2.5 bath home on corner lot! New interior/exterior paint. New dual pane windows, new light fixtures, remodeled kitchen featuring Quartz counters and stainless appliances. Open floor plan, vaulted ceilings and lots of light!
Walking distance to NEW BART station, park and tennis courts.
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Property Type: Single Family
Bdrm/Bath: 3 x 2
Sq Ft: 1,831
Year Built: 1942
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Purchase Price: $141,000
Sale Price: $650,000
Converted an upstairs open loft into a 4th bedroom
400 6TH STREET RODEO, CA
This immaculate, completely remodeled home is nearly brand new. Light and bright at the top of the hill, this home features a flowing layout from the spacious living room into the dining area and kitchen and out into one of two outdoor areas. A brand new kitchen featuring an incredible amount of counter and cabinet space, New stainless steel appliances, new double pane windows, new high end laminate flooring, fireplace, remodeled bathrooms, huge blank canvas side yard, the list goes on and on! Plus make sure to check out the extra bonus room downstairs.
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Property Type: Single Family
Bdrm/Bath: 3 x 2
Sq Ft: 1,434
Year Built: 1958
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Purchase Price: $392,000
Sale Price: $663,000
35% profit in 9 months, equaling a 50% annualized return
1838 2ND STREET CONCORD, CA
This beautiful, single-level home has been substantially renovated and features 4 bedrooms and 3 bathrooms. The gorgeous upgrades include brand new flooring throughout the home, brand new kitchen counters and cabinets, a beautiful new gas stove, gorgeous light fixtures, new bathroom vanity and shower/tub combo. The front landscape has been completely redone including an all-new walkway and driveway. This home is located on one of the larger lots on the street with a huge private backyard with plenty of room to add additional square footage or an ADU.
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Property Type: Single Family
Bdrm/Bath: 4 x 2
Sq Ft: 1,390
Year Built: 1942
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Purchase Price: $410,000
Sale Price: $650,000
25% profit in 6 months, equaling a 50% annualized return
3009 WINDSOR DRIVE ANTIOCH, CA
This property was brought directly from the lender. Worked with a local realtor who was able to secure a first time buyer before completion of the remodel. Was in and out of the property in less than 85 days for a 25% return and an annualized 100% return.
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Property Type: Single Family
Bdrm/Bath: 3 x 1
Sq Ft: 1,142
Year Built: 1956
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Purchase Price: $401,000
Sale Price: $545,000
25% profit in 85 days, equaling an annualized return of 100%
80 LOMA VISTA PITTSBURG, CA
This beautiful, single-level home has been fully renovated and features 3 bedrooms and 1 bathroom. The gorgeous upgrades include, brand new laminate flooring and dual pane windows through out the home, brand new kitchen counters and cabinets, a new beautiful gas stove, gorgeous light fixtures, new bathroom vanity and shower/tub combo, a new garage door and a fresh coat of paint both on the inside and outside of the home. The front landscaped has been completely redone and a beautiful mid-level wood fence has been installed to add a fresh look and privacy outside. This home is located on one of the largest lots in the neighborhood, providing a lot of space to entertain family and friends
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Property Type: Single Family
Bdrm/Bath: 3 x 1
Sq Ft: 1,039
Year Built: 1942
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Purchase Price: $378,000
Sale Price: $515,000
36% profit in 3 months, equaling a 144% annualized return