590 Lisbon St Daly City, CA 94014

590 Lisbon St Daly City, CA 94014

8units.jpg

Price: $1,498,000

Beds: -
Baths: -
Sq. Ft.: 10,348
$/Sq. Ft.: $145
Lot Size: -
Property Type: Apartments, 5-15 Units
Style: Contemporary
Year Built: 1971
Stories: 3
View: City Lights
Region: San Mateo County/Northwest

Last sale:

Jun 24, 2005 Sold $1,575,000



Loss if sold for asking: $77,000 or 4.9%

Another apartment building up for sale, but this one is in Daly City.  It seems like more and more multifamily buildings are coming up for sale, but it is tough for investors to get a loan these days since a lot of banks have cut off funding to investors entirely.

300 SAND HILL Cir #203 Menlo Park, CA 94025

300 SAND HILL Cir #203 Menlo Park, CA 94025

condo.jpg

Price: $1,225,000

Beds: 3
Baths: 2
Sq. Ft.: 2,067
$/Sq. Ft.: $593
Lot Size: -
Property Type: Condominium
Style: Contemporary
Year Built: 1974
Stories: 1-3 (Low Rise)
View: Golf Course

Last sale:

Jan 17, 2007 Sold $1,300,000  

Loss if sold for asking: $75,000 or 5.8%

Listing history:

Jan 06, 2009 Price Changed $1,225,000 MLSListings #80845325

This is a nice condo on a golf course, and after being listed for 2 months it’s already had a $200k price cut.  There is an open house tomorrow from 1 to 4pm.

1150 GREENWOOD Ave San Carlos, CA 94070 – 13 Units

1150 GREENWOOD Ave San Carlos, CA 94070

Price: $1,448,850

Beds: -
Baths: -
Sq. Ft.: -
Lot Size: 6,040 Sq. Ft.
Year Built: 1960
Stories: 2
View: Neighborhood
Neighborhood: Howard Park
County: San Mateo

Last sale:

Sep 30, 2005 Sold $1,540,000

Loss if sold for asking: $91150 or 3.84%

This is a 13 unit building that sold in 1988 for 760k and 1998 for 750k.  If history repeats itself, it is supposed to be worth $740k now.  However, San Carlos is a good area that gets decent rents, so this could be a good investment.

3199 MORELAND Dr San Bruno, CA 94066 – New Construction

 3199 MORELAND Dr San Bruno, CA 94066

Price: $1,038,000

Beds: 4
Baths: 4
Sq. Ft.: 2,840
$/Sq. Ft.: $365
Lot Size: 0.28 Acres
Property Type: Detached Single Family
Style: Contemporary
Year Built: 2008
Stories: Tri-Level
Neighborhood: Portola Highlands

This is a new home that is already a short sale. According to the agent who loves to exclamation marks: ” SHORT SALE! Brand New Custom Home built by Owner but never lived in!” That actually sounds pretty sad…

Got a million to spare? 2614 READ Ave Belmont, CA 94002

 

2614 READ Ave Belmont, CA 94002

Price: $1,000,000

Beds: 4
Baths: 4
Sq. Ft.: 1,730
$/Sq. Ft.: $578
Lot Size: 7,700 Sq. Ft.
Property Type: Attached Single Family
Style: Contemporary
Year Built: 1956
Stories: 2

Last sale: Jul 24, 2006 Sold $1,233,000
Loss: $233,000 or 18.9%

This home is open for the next 3 Sundays from 1 to 4 pm.   This is a short sale on a good sized lot, but the price per square foot is still above average.  Before the last sale this one was sold for $241,000 in 1999, which means that the last last owner made nearly a million dollars.  No wonder so many people became obsessed with house flipping.  As I say about pretty much all short sales, potential buyers should just wait until it goes into foreclosure and get it for even less money.

2 WILBURN Ave, Atherton, CA

2 WILBURN Ave Atherton, CA 94027

Price: $1,495,000

Beds: 3
Baths: 2.5
Sq. Ft.: 2,300
$/Sq. Ft.: $650
Lot Size: 0.3 Acres
Property Type: Detached Single Family
Style: Traditional
Year Built: 1952

Last sale:

Nov 07, 2006 Sold $1,495,000

This is listed as a fixer uppper in Atherton. It’s one of the smaller lots in Atherton and it’s right next to El Camino.

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