Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Saturday, May 5, 2007
Sacramento Strip Center
I was walking a current listing in west Sacramento last week. Modern shopping strip of 12,000sf. Fully occupied. Nice condition. Yet, the neighborhood was rough. Crime statistics were above average and the household income stats were mediocre to low. Does this rule out a property? Should it? The stores were all doing very well. In fact, there was little in the way of retail nearby. Is a trophy asset necessary? Or, does cash flow and stability matter?
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