Ed’s Hot Picks – Investment Deals
Thank you for stopping by “Ed’s Hot Pick’s” page. We hope you come back here often !
NOTE: On this page you will find information on specific properties that have some exceptional qualities, such as a great location, a good cash flow, or potential for upside in cashflow or a potential fixer with some “lot split” or development potential.
In the case of a cash flow analysis for an investment property, the analysis will contain information that are ESTIMATES ONLY and are subject to change and verification during the ‘due diligence’ discovery period that is provided for in our Real Estate purchase documents. These “estimates” will not take into account the costs of any “fix up”.
While they are estimates only, the format for these cash flow figures should be easy to understand and help you in evaluating a property for its potential Ca$h Flow return.
Take a look at the list below and come back often because we do update this section on a regular basis. I have left some of these on the list even though they may have sold and closed because you can get an idea of what is selling.
WE SPECIALIZE BANK OWNED/REO INVESTMENT PROPERTIES – DUPLEXES & FOURPLEXES
Last updated on: July 31st, 2010 at about 4:17 PM…. _______________________________________________________________________________________________________
Citrus Heights
7542-7544 Saint Philomena Way, Citrus Heights, Ca 95610 3/2/1 & 3/1/1 – REO – This one fell out of escrow 3 times but finally became a “closed sale” on May 26.- Was reduced from $214,900 to $207,500 but only sold for $187,000. I have an old Palm Video here taken last November 21st.
7130-7132 Grady Dr., Citrus Heights, Ca 95621 – 2/1 each side - Short Sale – Listed at $149,000 – Reported in contract waiting for Bank Approval as of 7-1-2010
Carmichael
5633-5635 Palm Avenue, Carmichael, Ca 95841 – Short Sale – Listed at $162,000 – Click Here for a Video of the Vacant side. Closed Escrow on Feb 23, 2010 at $155,000 – CASH DEAL
6025 Rye Way, Carmichael, Ca 95608 – REO – kind of a beater – needs work – Listed at $169,900 I’ve videos of both sides. Click here for the left Side Click here for the Right Side – This one never did sell was withdrawn. Fannie Mae Owned. I showed this to more than one investor. It was a “stinker”
6017 -6019 Rutland Drive, Carmichael, Ca – REO - Listed at $194,900 Click Here Video Left Side Click Here Video Right Side – Closed at $212,000 all cash and no concessions on April 15th.
Fair Oaks
5945 Moss Creek Circle – 3 bed/2ba/2 car & 2 bed/2ba/1 car – Short Sale – Listed originally at $275,000 – For a Palm Video of the left side click here. I have a video of the Right Side – I brought the buyer to this one. We just closed escrow, June 11th at $235,000. You can see they didn’t have much to do on this one to get it rent ready.
5956-5958 Moss Creek Circle – 3 bedroom 2ba/2 car & 2 bed/2ba/1 car – Bank Owned – Originally Listed at $229,900 - Click here for a video on the left Click here for a video of the right side - Closed escrow after falling through once because of condition. List price then reduced to $214,000 & finally sold at $200,000.
Folsom
I haven’t seen anything with some decent cash flow here in a while.
Orangevale
6052-6054 Margo Drive – 2 bedrooms 1 bath each side – great area. Listed at $169,900 – Sold for $200,000 on 4-12-2010
Video of the left side Video of the Right side
Rancho Cordova
2628 Los Nogales Way – 2 bedrooms 1 bath each side – Short Sale – Listed at $125,000 – Pending Sale
2472 Twin Court – 2 Bed/2 Ba/2 Car & a 2 Bed/1 Ba/1 Car – Bank Owned/REO – listed at $163,000 – This property is in a group of duplexes but has great location. Click Here for a Video of the Right Side.
Roseville
None profiled at this time
Rocklin
5821-5923 Merrywood Drive, Rocklin – 2 bed/2ba/2 car ea side – Listed at $279,000 – Short Sale Contingent – They have an accepted offer pending lender approval on 3/31/2010. Still waiting for Bank Approval on July 1st.
North Highlands
None profiled at this time
Sacramento – Foothill Farms Area
5176 Karm Way, Sacramento, Ca 95842 – $189,500 - Not an REO or a Short Sale – When I was out there shooting the pictures I spoke with one of the tenants who said he’d been there 9 years. Too Late – Sold for $180,000 on 4-1-2010
5177 – 5179 Karm Way, Sacramento, Ca 95842 – Bank Owned - Foothill Farms area – Listed at $154,900 - had multiple offers – Sold at $165,000 on 1-10-2010 . I have a couple of Palm Videos here: Left Side Right Side
5047 – 5049 Walnut Avenue, Sacramento, Ca 95841 – Near American River College – Short Sale – Listed at $156,000
Sacramento – Rosemont & Arden Arcade
3300 Gould Way, Sacramento, Ca – Duplex 2 bd/1ba each side – Listed at $169,500 – Sold for $162,500 on 4-22-2010
3678 – 3680 South Port Dr, Sacramento, Ca – 2 bd/1ba ea side – Listed at 210,000 – Click here for a Video of the Right Side
9610 Cassandra Way, Sacramento, Ca – 3/2 each side – Priced reduced again and now at $200,000 – Pending sale as of May 17, 2010
1000 Bell Street, Sacramento, Ca – 2bd/1ba ea side - Listed at $169,900 – Click here for a Video of the Right Side Click Here for a Video of the Left side – Fell out and went Pending again on 6-15-2010 and fell out again
_______________________________________________________________________
S O L D & CLOSED DEALS
Below is a list of Investment Properties that have been profiled on this page that have closed escrow. I will leave these up for a little while longer. They are here only to give you an idea of what condition these are in and at what price they have closed at. If you have any questions regarding any of these, please contact me at anytime. 916-203-1260 or favinger@rwnetwork.com
3416-3418 Viking Drive, Sacramento, Ca – 2bd/2ba & a 2bd/1ba – Listed at $174,888 – Click Here for a Video of the Left Side Sold – for $176,888 March 23, 2010
7549-51 Gallant Circle, Citrus Heights, Ca 95621 – 3/2/2 & 2/2/1 – Listed at $211,900 - NOW BANK OWNED - was on the market as a Short Sale – Pending Sale Now – Multiple offers - Closed Escrow on 1-22-2010 – Sales Price was $228,500 – CASH
833 Enfield, Carmichael, Ca 95608 – Duplex - Original list price was $205,000, reduced to $193,000, my cash flow analysis was based on $185,000, but it closed escrow at $173,000 on 11-12-09
I’m not a fan of Four Plexes but check out this one – 5720 Engle Road - built in 1987. $419,900
10904 – 10906 Gadsten Way, Rancho Cordova, 95670 – Duplex – 2 bedrooms 1 bath each side. One kitchen as been updated. Click here for video of the left side. Click here for a video of the right side. Closed Escrow at $130,000 on 11-24-09
10304 South White Rock Road, Rancho Cordova, 95670 – Bread & Butter Duplex – Listed at $110,000 – Closed escrow on 8-11-09 at $120,000 with Conventional Financing.
10754 -56 Capana Way, Rancho Cordova, 95670 - The Only Duplex in a Single Family Neighborhood – BANK REO – Listed at $149, 900. Click here for a Palm Treo Video of the surronding area. SOMEONE GOT A NICE DEAL – It closed escrow on 9-4-09 at $135,000.
3192 – 3194 Laurelhurst Drive, Rancho Cordova, 95670 – Bank Owned – $169,900 - I took my Palm Pilot with me so Click Here for a video of the Right Side and then Click Here for a Video of the Left Side – Closed Escrow at $175,000 on 11-30-09
4399 Palm Avenue, Sacramento, Ca 95842 – Duplex - Reduced to $107,900 - REO – It’s a Pending Sale finally - Man someone stole this place… It closed for $94,000.
1238-1240 Bell Street, Sacramento, Ca 95825 – Duplex – 2 bd/2ba each side – $179,000 – Closed Escrow at $150,000 on 11-13-09
962 Johnfer Way, Sacramento, Ca 95831 – Duplex - Not a Short Sale or REO – 3/2 & a 2/2 Corner Lot – $269,000 – Click Here for a video taken December 22, 2009 – Too Late – This one is gone…
1911 Wilwood Way, Roseville, Ca – Bread & Butter Four Plex – All 2 bedroom 1 bath units – $285,000 – This one looks a little rough. – Closed Escrow at $255,000 on 10-20-09.
2001 South Cirby, Roseville, Ca – Corner Lot 4 plex – 2 units are rented – Not A Bank Owned Property – $259,900 – Closed Escrow on 8-12-09 – Sales Price was $240,000 – CASH – NO FINANCING
AND FINALLY – If you are looking for a specific kind of investment, such as a Duplex, FourPlex, Multi Unit Apartment Comples in the Sacramento Region or any other market, please email me at favinger@rwnetwork.comand we will put together a customized list for you today…!
Ed Favinger, Broker, CRS, GRI
916-990-0770 Office
916-203-1260 Mobile
