11/08/2013
See more at: http://www.rtbequity.com/ralmar-ave---east-palo-alto-ca.html
This 2 bed/1 bath 770 square foot mid-century bungalow was identified as a great opportunity because of it's promising San Francisco Peninsula location and the potential to build out into its expansive lot. Spurred by the close proximity to major Silicon Valley giants such as Facebook, HP, Oracle and Stanford University, home values in East Palo Alto had soured 30% in a 4 year period from Sept. 2009 to Sept. 2013 according to the Zillow Home Value Index.
Private Lender Financing w/ 4.5-6% ROI is funding the transformation into a 4 bedroom, 2 bath 1,400+ square feet charmer with an estimated Net Realizable Value of 21%. Post renovation features will include, 700 square feet of additional permitted living space, updated modern kitchen and baths, dual pane windows, new roof, updated plumbing and electrical systems. Other potential investment options for this project include a re-development partnership.
See more at: http://www.rtbequity.com/ralmar-ave---east-palo-alto-ca.html