Thursday, June 9, 2011
Thursday, June 2, 2011
Bank Owned Commercial Condo for Sale San Mateo County
We are tracking a commercial condo coming for sale on the Peninsula in San Mateo County. This property will soon be bank owned. It is over 3,000 square feet, mostly warehouse space in an industrial park in north San Mateo county.
This property would be ideal for an owner user who has an industrial use business to serve San Francisco and the Peninsula. Call us for details 415-269-6249.
This property would be ideal for an owner user who has an industrial use business to serve San Francisco and the Peninsula. Call us for details 415-269-6249.
Tuesday, May 31, 2011
Case-Shiller Index of Housing Prices - Double Dip?
The headlines today about the Case-Shiller Housing Index do not reflect what is going on in the Silicon Valley market. Read the data from the actual Case-Schiller tables via this link. The bottom of the single family housing market for Santa Clara County is essentially March 2009. The data that was released today is about March 2011 - the Index has a two month lag time so that the data can be compiled. Seasonally adjusted index for the San Francisco region is 134, compared to two years ago of 121. We are significantly positive over the last two years. Also, consider that the data is for the SFO region which takes into account some more severely impacted areas of the East Bay. If the data were strictly for Santa Clara County, the numbers would be even better.
Now this is not necessarily a rah rah of the Valley - when considering a purchase or a sale of real estate, we want to take into account all the possible factors - it's not just about price!
Now this is not necessarily a rah rah of the Valley - when considering a purchase or a sale of real estate, we want to take into account all the possible factors - it's not just about price!
Monday, May 30, 2011
Six short sale apartments for sale in San Jose
These three duplexes and three fourplexes are very good opportunities to buy investment properties at low prices and with a strong rental market.
765 Blossom Hill - duplex San Jose 95123 area - $580,000 short sale. 3 bedroom, 2 bath unit and 2 bedroom, 1 bath unit, 2,332 square feet of living space.
149 Adler, Campbell - no rent control - 4plex, asking $775,000, regular sale, 3,747 square feet, very well maintained building, double pane windows, garages per unit, newer comp roof, regular sale! - this is a nice deal.
581 Nello Drive, Campbell 4plex, 3,957 square feet, $750,000, short sale, very nice condition property at end of 4plex neighborhood development. Two three bedroom units and two two bedroom units.
2095 Lynnhaven Drive, San Jose duplex, 95128, short sale $470,000, 1,790 square feet, nice owner occupant unit with larger unit in the back. Great west valley location.
1332 White Drive, Santa Clara duplex, $499,000, 1,476 square feet, very good El Camino & San Thomas Expressway location, short sale, great rental property.
620 Gamma Court, built in 1977, 4plex short sale, very well constructed, extra parking, larger pie shaped lot, $699,000, 3,510 square feet.
Call us today to talk about which apartment investment in the San Jose area is best for you.
765 Blossom Hill - duplex San Jose 95123 area - $580,000 short sale. 3 bedroom, 2 bath unit and 2 bedroom, 1 bath unit, 2,332 square feet of living space.
149 Adler, Campbell - no rent control - 4plex, asking $775,000, regular sale, 3,747 square feet, very well maintained building, double pane windows, garages per unit, newer comp roof, regular sale! - this is a nice deal.
581 Nello Drive, Campbell 4plex, 3,957 square feet, $750,000, short sale, very nice condition property at end of 4plex neighborhood development. Two three bedroom units and two two bedroom units.
2095 Lynnhaven Drive, San Jose duplex, 95128, short sale $470,000, 1,790 square feet, nice owner occupant unit with larger unit in the back. Great west valley location.
1332 White Drive, Santa Clara duplex, $499,000, 1,476 square feet, very good El Camino & San Thomas Expressway location, short sale, great rental property.
620 Gamma Court, built in 1977, 4plex short sale, very well constructed, extra parking, larger pie shaped lot, $699,000, 3,510 square feet.
Call us today to talk about which apartment investment in the San Jose area is best for you.
Do You Need to Sell Short?
There are many alternatives to someone who owns a home and cannot make their payments. One of the options is to request a short sale from the bank. Some of the other options are bankruptcy, foreclosure, loan modification, refinance, deed in lieu and more. Everyone's situation is different depending on all factors involved. A personal residence has certain criteria involved, as does a property held for investment and furthermore, was the loan a purchase money loan or a refinance. All these factors influence the situation and a solution is not cookie cutter for all.
Many people in the last 5-10 years find themselves owning a home that is now worth less than what they paid for it and possibly less than what is owned on the property. Others people have loans that have adjusted to payment levels that are unaffordable. This, coupled with a drop in equity, makes a refinance highly unlikely. But there are solutions!
Credit is also a concern for many people. Does a short sale have less negative impact on your FICO score than a foreclosure or a bankruptcy? But what other factors also impact your credit score? Late payments compounded month after month will have significant negative effect on your FICO score. This may negate the gravity of a short sale/foreclosure question.
What your home is worth is also a very important factor. In Santa Clara County alone, there are sub-markets that are very healthy and prices are rising and there are sub-markets that are quite weak. Your home's value will impact the decision whether to short sell, modify the loan or any of the other options discussed above.
An important step in this process is to sit down with an experienced Realtor to review all your options. Even if you have received a Notice of Default or a Notice of Trustee Sale, there still may be time to enact a better solution. Feel free to email me or call anytime:
Mario Pinedo,CCIM
Keller Williams Realty
DRE 01118365
cell 415-269-6249
mariopinedo@kw.com
Serving buyers and seller since 1991.
For further articles on this topic, I have linked all the short sale articles here.
Many people in the last 5-10 years find themselves owning a home that is now worth less than what they paid for it and possibly less than what is owned on the property. Others people have loans that have adjusted to payment levels that are unaffordable. This, coupled with a drop in equity, makes a refinance highly unlikely. But there are solutions!
Credit is also a concern for many people. Does a short sale have less negative impact on your FICO score than a foreclosure or a bankruptcy? But what other factors also impact your credit score? Late payments compounded month after month will have significant negative effect on your FICO score. This may negate the gravity of a short sale/foreclosure question.
What your home is worth is also a very important factor. In Santa Clara County alone, there are sub-markets that are very healthy and prices are rising and there are sub-markets that are quite weak. Your home's value will impact the decision whether to short sell, modify the loan or any of the other options discussed above.
An important step in this process is to sit down with an experienced Realtor to review all your options. Even if you have received a Notice of Default or a Notice of Trustee Sale, there still may be time to enact a better solution. Feel free to email me or call anytime:
Mario Pinedo,CCIM
Keller Williams Realty
DRE 01118365
cell 415-269-6249
mariopinedo@kw.com
Serving buyers and seller since 1991.
For further articles on this topic, I have linked all the short sale articles here.
Thursday, May 12, 2011
Cupertino Elementary & High Schools Maps & Boundaries
If you want the best links to the schools of Cupertino and Sunnyvale within the Cupertino Union School District & the Fremont Union High School District, please click below:
Cupertino Union School District Map
Cupertino Union School District Street Finder
Fremont Union High School District Map
Fremont Union High School District Street Finder
Not to confuse those who live in the City of Fremont in Alameda County... but the Fremont Union High School District is located in the Cities of Cupertino and Sunnyvale. The high schools are Cupertino High School, Fremont High School, Homestead High School, Lynbrook High School & Monta Vista High School.
If you want excellent advice on what home to buy in these areas, please call me at 415-269-6249. I have been selling in Cupertino and throughout the Silicon Valley since 1991. I will be very glad to take your call.
Cupertino Union School District Map
Cupertino Union School District Street Finder
Fremont Union High School District Map
Fremont Union High School District Street Finder
Not to confuse those who live in the City of Fremont in Alameda County... but the Fremont Union High School District is located in the Cities of Cupertino and Sunnyvale. The high schools are Cupertino High School, Fremont High School, Homestead High School, Lynbrook High School & Monta Vista High School.
If you want excellent advice on what home to buy in these areas, please call me at 415-269-6249. I have been selling in Cupertino and throughout the Silicon Valley since 1991. I will be very glad to take your call.
Wednesday, May 11, 2011
Monday, April 25, 2011
Office space for lease in Silicon Valley being snapped up
Office space in Silicon Valley is being snapped up, so is retail space. Some of it due to actual need for space, but most for future need & concern over others taking space and a looming space shortage.
Not so long ago (think Dot Com boom), companies were out of luck when looking for work space for their expansions. We were converting industrial warehouses into cube farms to make room. With the large leases of Facebook, Google, Apple and others - the rest of the valley is getting concerned that space may not be so readily available when the next tech wave hits. Already, we are seeing rents rise in compensation to leases being signed.
It's not an issue of whether $1.50 per foot office space is reasonable today, the real question is do you want to pay $2.50 per foot a few years from now - if that is even available.
Our office is located in Cupertino and the Apple expansion is very evident with them taking space in many of the Class A & B buildings in the city. In our building, LAB 126 (Amazon) who designs the Kindle is in full expansion mode. The center of Silicon Valley is where everyone wants to be and needs to be. So be prepared to compete for space in the heart of it all the innovation.
Not so long ago (think Dot Com boom), companies were out of luck when looking for work space for their expansions. We were converting industrial warehouses into cube farms to make room. With the large leases of Facebook, Google, Apple and others - the rest of the valley is getting concerned that space may not be so readily available when the next tech wave hits. Already, we are seeing rents rise in compensation to leases being signed.
It's not an issue of whether $1.50 per foot office space is reasonable today, the real question is do you want to pay $2.50 per foot a few years from now - if that is even available.
Our office is located in Cupertino and the Apple expansion is very evident with them taking space in many of the Class A & B buildings in the city. In our building, LAB 126 (Amazon) who designs the Kindle is in full expansion mode. The center of Silicon Valley is where everyone wants to be and needs to be. So be prepared to compete for space in the heart of it all the innovation.
Sunday, April 10, 2011
Fusion Sunnyvale Townhomes for Sale
The newest Sunnyvale townhome community for sale is now open for business. Talk to us about the best models in the right locations of this complex. Phase 1 was just released and homes will be delivered for occupancy in July and August of 2011. Call us for a private tour and great guidance on which homes to buy in the best Sunnyvale townhouse development to come for sale in years.
Thursday, April 7, 2011
Fusion Sunnvyale New Condos Townhouses for Sale
Fusion townhouses of Sunnyvale just opened their sales center. These townhouse style condos are going to be a beautiful community when complete. The homes are built for owners who want more than just an entry level condo. All the homes are at least two bedroom and two bath with garage parking for two cars (some tandem). Seven models that range from 1,198 square feet 2 bedrooms, 2.5 baths to 1,882 square feet with 4 bedrooms, 3.5 baths. All units have a deck and/or a porch. Total build out will be 228 townhomes in a great north Sunnyvale location. Pricing for the first release is from $448,640 to $625630. Come set an appointment with us to tour the best new townhouse development in Sunnyvale to come on the market in quite a few years.
Friday, March 25, 2011
Rants About False Recovery in Commercial Real Estate News
Bass Ackwards reliance on "apartment market leads commercial real estate recovery" - apartment values are high-this is true - but because people have been foreclosed on due to loss of jobs, loose financing standards and very low consumer confidence. More tenants in the market does not a recovery make - commercial real estate in almost every other segment is hurting and not recovering - retail tenants are not taking space, office users are not taking space, hotels are very soft - these segments do not tie in with the robust apartment market. And the apartment market is only hot in core areas - not in the vast open spaces where new home developers over built homes and now a 5 year old single family home rents for near what a class A apartment building does in the same area.
We want good news in commercial real estate - but let's look at reality and make better decisions based on that.
We want good news in commercial real estate - but let's look at reality and make better decisions based on that.
Thursday, March 24, 2011
Commercial Condos Available for Sale San Jose
8 commercial condo units available for sale in San Jose for industrial users. Spaces available are 6,400 square feet - 12,800 square feet. Each unit has 200 aps @ 480 volt power. 24' clear height. Zoned heavy industrial. Built in 1979 and significantly remodeled in 2008. Offered at $69 per foot.
There are also some very good opportunities to lease in this complex and in others throughout San Jose and greater Silicon Valley. Call MPIRES group to tour these spaces. This is a great opportunity to buy a bank owned commercial condo in San Jose.
There are also some very good opportunities to lease in this complex and in others throughout San Jose and greater Silicon Valley. Call MPIRES group to tour these spaces. This is a great opportunity to buy a bank owned commercial condo in San Jose.
Wednesday, March 16, 2011
Los Angeles California Commercial Investment Property for Sale
and our investment site in LA: www.losangelesinvestmentrealestate.com
Call me for detailed information on these and other investment or development deals.
Sunday, March 13, 2011
Silver Creek Valley Country Club Short Sale Home for Sale
There is a wonderful home for sale in Silver Creek Valley Country Club as a short sale. Address is 5233 Pisa Court, San Jose, CA 95138. Offered at a very attractive $1,099,000. 3,480+ square feet on a 9,100 square foot view lot with great valley views from the master bedroom.
Call for a private tour of this short sale Silver Creek Valley Country Club home for sale.
Call for a private tour of this short sale Silver Creek Valley Country Club home for sale.
Thursday, March 3, 2011
Silver Creek Valley Country Club Short Sale Home for Sale
There is a gorgeous Silver Creek Valley Country Club home for sale as a short sale. It is currently not on the market. Approximately 3,500 square feet, 10,000 square foot lot, 5 bedrooms + den, 3.5 baths, 2 story, upgraded kitchen, paint, flooring, very nice hard-scaped backyard with huge gazebo + outdoor fireplace. Seller is asking $1,100,000 which will require a short sale approval by Bank of America. Please call me for details and a private showing. This is your best opportunity in the Silver Creek Valley Country Club for a very well priced home for sale.
Wednesday, February 23, 2011
Sunnyvale Bank Owned Duplex for Sale
Here is a turn-key, upgraded, bank-owned duplex in Sunnyvale, California. Both units are ready to be occupied which makes this property perfect for an investor or an individual looking to live in one unit and rent the other. The larger, three bedroom unit, has granite counter tops in the kitchen and bathroom. Both units have private backyards, inside laundry areas, hardwood floors and private garages. As you can see below this property is ready to be occupied and begin cash-flowing!! And with an asking price of $694,900 it is a deal worth looking at. Call us today to set a showing of this great bank owned Sunnyvale duplex.
Starbucks Commercial Single Tenant NNN Investment in West Los Angeles
I like this deal - it's a single tenant NNN Starbucks in a great area with high household incomes and lots of new condo construction nearby. Excellent west Los Angeles county location. The picture is this morning at 8:00am, the place was very active with commuters grabbing their morning grande latte.
6.5 cap rate for 18 months, then a 7.25 cap rate for the next 5 years. Corporate Starbucks signature on the lease. This is a solid asset, perfect for a 1031 tax-deferred exchange or for a direct investment giving you a 5x multiple return compared to the 1.25% in the local bank CD. Call me for details. This Starbucks NNN deal will go fast.
Single tenant NNN investments, Ecuadorian dwarfs & DaVita Dialysis Centers
What do DaVita Dialysis Centers, a tribe of diminutive people in South America and your 1031 exchange into a single tenant NNN property have in common?
Let me start with this, do you remember buying your plane ticket at your local retail center where your trusted travel agent was located? Yes, it's been a while, perhaps some 15 years since they dominated the landscape of retail spaces. Now, you don't go buy a paper ticket next to the Starbucks, you buy it on your laptop at the Starbucks.
Do you remember the more recent local Blockbuster Video store or Hollywood Video store where you walked in a few times per week to rent your VHS (ok, that's too far back, insert DVD for you youngsters). Now on-demand video and Hulu reign supreme.
Were you at the Howard Hughes Center mall last night in the Border's book store which is having a store closing sale? Why this travesty? Think Amazon, Kindle and Ipad magazine e-scriptions.
Ok Mario, what's the theme here? maybe... Technology kills things!
...and it kills things in relation to your commercial real estate investment.
One of the hot single tenant NNN property classes for sale are the dialysis centers that are popping up all over the map - think DaVita Dialysis as the Kleenex in this category. Hundreds of new DaVita centers are being built in local neighborhoods to service the needs of patients with poorly functioning kidneys typically an effect of long term diabetes disease. The investment concept around the sale of these NNN investments is that the centers will be well frequented by their base of committed customers for decades on out.
I was explaining my understanding of this to my muse Julie this morning in the car and she recalled Ecuadorian dwarfs in South America. (please hang on, there is a circular connection coming soon)
Apparently in the last few days, an article was posted about this tribe in the Andes where the genetic make up of the tribe makes cancer and diabetes virtually non-existent. So, the medical research world has invaded the little tribe to find the medical fountain of youth (or at least the fountain of anti-carcinogen) When (not if) this gene is isolated and when the drug company gets FDA approval, some of these ailments will be eliminated or reduced.
I may be overly focused on my favorite group of people - the commercial investors out there - and my concern is that there may be empty DaVita Dialysis centers on the landscape one day in the future - or at least some renegotiated leases because their business will slide.
Therefore, as a suggestion for your next real estate investment move, stay clear of over-valued NNN deals that may not be the hot investment vehicle of the near future. Instead, consider the basics of coffee, the local Burger King and my favorite - Taco Bell - as a healthy investment alternative. In my opinion, as healthy or not as we seem to be becoming, the US appetite will always crave the Whopper.
Tuesday, February 22, 2011
FHA Increases Monthly MI
On Monday, February 14th HUD announced that in the beginning of April they will be increasing the monthly mortgage insurance by .25 on every loan transaction!
Subscribe to:
Posts (Atom)