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.
Thursday, January 3, 2008
Santana Row Loft - Very Good Deal - $541,500
1 bedroom unit with a den below, 1.5 bath, 1151 square feet, overlooking the east valley foothills - a very good deal at $541,500. It does need some TLC - but nothing that cannot be overcome. The Margo building is a very nice location to live in. Underground parking is a short elevator ride down. This is a price lower than when the units started selling 2 years ago. When the sub-prime mortgage seizure stabilizes - these units will appreciate quickly to where they were last year - in the $600s. This is a great opportunity.
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