Bay Area Investment Real Estate - Mario Pinedo, CCIM Investment Update O...

Investment Property update for Silicon Valley. Single family home sales and commercial investment opportunities from www.MPIRES.com and Intero Real Estate.

San Francisco Apartment Building Short Sales and REOs

We are tracking a large investor group that is having their apartment acquisitions over the last 5 years liquidated or restructured by their bank partners. Approximately 50 of the 250+ buildings held by the group were given back via Deed in Lieu of Foreclosure. Another 12 buildings are currently being marketed for sale via a mutual agreement of the banks and the owners - essentially a formalized short sale process. 6 of these assets have already gone pending. The properties range from Tenderloin difficult properties to a Marina building ideally located one block from vibrant Chestnut Street to a heart of Chinatown property. All of which are essentially fully occupied properties. This is the best opportunity I have seen since starting the business in 1991 to acquire a solid San Francisco asset at a reasonable down payment and cash flow!

San Francisco Apartment Building Deals

The core rental markets in San Francisco have always been great areas in which to own. Due to the softness in certain other markets such as the single family rental home sales market, the buyer demand of small apartment buildings has lessened. Fewer sellers of rental houses are initiating 1031 exchanges and then looking for small apartment buildings to trade in to. If you have the ability to buy in this market, it very well may be the best time to get into the SF rental market. I have seen very nice buildings for prices not seen in a long time. Two such deals in Nob Hill and the Inner Richmond stand out with asking prices in the $260 per square foot range. Prices at $1.6M - $1.9M. And... rents are very healthy! And, and... interest rates are way low! Time to take advantage of the deals out there. Call me to run the numbers and see the opps.

New Condos San Francisco

There are some very good investment opportunities in new San Francisco high rises these days. Rents are up and holding their prices well while sales prices are down especially in the newer communities near the Bay Bridge and the ball park. If you compare annual rents to purchase price (the GRM), that ratio has become significantly better. GRMs unheard of in San Francisco for decades. Call me for some great investor deals with good equity upside in the future.

Fabulous San Francisco Soma Loft $599k

Read about this wonderful San Francisco loft condo in the SOMA district for only $599,000:

Address: 175 Bluxome Street #133
District: SOMA/Mission Bay
Bedrooms: 1 BR+ Den
Bathrooms: 1.5 BA
Style: Loft
Parking: 1 car deeded
Offered At: $599,000

SOMA Loft

• High Loft Ceiling Height in Principle Rooms• Honey Bamboo Floors• Ample Closets• Renovated Kitchen with maple cabinetry, granite counter tops, and stainless steel appliances including microwave, refrigerator, stove, and dishwasher• Washer/Dryer• Large Private Outdoor Space• Modern Ceiling Fan• Upgraded Track Lighting• Deeded Parking• 2 Entrances
The heartbeat of San Francisco is at 175 Bluxome. Located in the burgeoning Mission Bay and SOMA, this loft is the epitome of urban living. Who says you can't have it all? With deeded parking, deeded outdoor space, two outdoor entrances, and a truly turn-key loft home, city life can be yours.From the very first steps into 175 Bluxome your senses will be enveloped. Feel the cool, industrial tile as you walk through the entrance into the bamboo courtyard. Hear the sounds of the serene fountain as it lulls the urban jungle outside. Witness the shimmering bamboo as it sways gentle in the wind, bringing a sense of the great outdoors inside.Once inside, Loft 133 is a compact, loft-styled condominium that delivers exactly what you need where it counts the most. The entry hall opens to a den with a large closet and washer/dryer. The renovated kitchen with modern appliances opens to a dining area and living area. There is a second entrance to this home that opens to a deeded outdoor space. Upstairs, the mezzanine bedroom is very secluded and private. A full bathroom upstairs and ample closet space make this a functional yet versatile home. Bamboo hardwood floors, modern ceiling fan, and industrial staircase bring big style to this loft space.Located at the intersection of SOMA, SouthBeach and Mission Bay, coveted amenities are all within walking distance. From gourmet grocery stores and world class dining to quaint corner cafes you have an all access pass to the best the city has to offer. Not to be under-played is the fine weather, convenience, and stimulation of the thriving SOMA neighborhood where you can work, play, wine, and dine in a banquet of eclectic offerings. The Embarcadero, Financial District, Waterfront Trail and Mission Bay are all within walking distance.

If this is the year for your pied-a-terre... let's talk. And if this doesn't float your boat - I can show you some flats that surely will:-)

Great Time for Europeans Buying in the US

This is a wonderful opportunity for Europeans to use the strength of the Euro to buy real estate assets in the US. Many destination cities such as New York, San Francisco, Los Angeles, Chicago, Miami and even Las Vegas are seeing a strong influx of European buyers. If the Dollar is historically low, then when it adjusts back to a normal trading range, these US homes will make very good exchange rate returns. The homes don't even have to go up in value for Europeans to win in this situation. Of course, real estate values will rise over the next few years as we get out of the sub-prime mortgage situation - a key reason why our dollar is so weak now. That double whammy (a true real estate term) will make huge returns for foreign investors. Any Germans, Dutch or Brits reading this?

San Francisco 2 Units Mixed Use for Sale

2 units on Mission in San Francisco available for sale at a great price - $878,000. One residential flat above a commercial space. No rent control since there is only one residential unit. Due to a fire, much of the building was rebuilt in 1997. No parking although this is a great area for public transit and walking. The commercial lease only has a few months left on the lease. Strong rental market for clean commercial space such as this. Call before this hot deal sells to someone else!