Real Estate Investment | Growing Your Wealth Through Income Property

62-64 Younger Ave

With only 67 active listings in Downtown San Jose it makes sense to see properties moving quickly and with multiple offers. 66 offers is surely not a record however for this Younger Avenue property there are more than just the obvious reasons.

A duplex listed for 346,500 would grab anyones attention. Rents in the bay area are equal to or more than the cost of a monthly mortgage and this property would give you the chance to live in your own home and rent out the second unit, leaving you with little or no mortgage payment.

It is also a great choice for the investor because of the low price point and the income potential. Yes there is work to be done, fresh paint and new floors would be a minimum considering there is a heavy smoke smell in both units. But hey, with some minimal fixes you are looking at bringing in $2000 a month per side. And that is a conservative estimation.

Other upsides: Walking distance to light rail and Japantown. Single family neighborhood so you are surrounded by home owners and not other high density apartment buildings. With more upgrades you could easily increase the rent.

Bottom line, even at 100k over the list price there is plenty of room for profit and it is no wonder it has so many offers. Stay tuned for the closing price, this will be an interesting one to track.

[The 88] $3750 for 2 bed, 2 bath, 1200sqft

Here is a new ad on Craigslist for a Luxury condo in downtown San Jose - The 88.

Downtown San Jose Furnished Luxury Condo with Spectacular Views

Date: 2013-01-02, 8:48PM

This is a golden opportunity to live in a new and spacious 1200sf luxury condo unit that has it all. It is located in the heart of downtown San Jose and has unobstructed 19th floor view facing North and East. You have the runways of San Jose International Airport and Silicon Valley in the living room and the master bedroom, and the panoramic view of the East Bay Hills from the living room and the second bedroom.

Rental Features:
? 2 bedrooms / 2 full bathrooms
? Floor to Ceiling Windows in Every Room
? Two dedicated parking spaces in garage
? Central Air conditioning/heating
? Walk-in Closet in the master bedroom
? Luxury Stainless Steel Kitchen Appliances
? Stacked Front Loading Washer and Dryer
? Beautifully Furnished with Sony 46" p1080 LCD TV
? Granite Countertops in the Kitchen
? Limestone Counters in Bathrooms
? Beautiful hardwood floors in every room except the bedrooms
? Water and Gas included in the rent
? Available immediately

Community Features:
? 24/7 security services
? Onsite Gym and Fitness Center
? Large Luxury Lap Swimming Pool
? Beautiful and Exclusive Outdoor Lounge with Resort-style Landscaping
? Entertainment Area and Billiards Room
? Skyline Terrace facing West Hills
? 154 food & dining, 262 art & entertainment, and 119 service facilities are within 9 minute walking distance

Conditions:
? Must pass credit check
? No more than 4 people living inside the condo anytime without approval
? No smoking anywhere inside building
? No pets allowed
? Yearly leasing term only
? One month rent as security deposit ($3750)

88 E. San Fernando Street 

Original URL: http://sfbay.craigslist.org/sby/apa/3518162186.html

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The 88 is a brand new construction.  We have recently closed a sale in The 88, 3rd floor, 1+1 bedroom (2nd room has no closet so legally can't count as a bedroom but it's big enough to be a room), 1.5 bathrooms, 1271 sqft, 1 parking space, has an outdoor balcony, Stainless Steel Kitchen Appliances.  It sold for $470,000.  We think it can be easliy rent for $2300 (unfurnished).