All Forum Posts by: Elisa Uribe

Because of Covid-19, for those who own rental property and have cash flow due to a low payment, how much are you preparing to leverage on your single family home investment to pull cash out and better prepare yourself for 2021-2022? Of course the banks have made it more difficult to do a cash out refinance, but it is possible. 

This three bedroom, one bath ranch style home is on a 11,000 square foot lot. Imagine the possibilities! 

View Photo's at: 330 Strand Ave Pleasant Hill CA

Hardwood floor throughout, fireplace in living room, dining room and sunroom off the kitchen. A fabulous park like yard perfect for entertaining or relaxing after a long day. Within minutes to downtown Pleasant Hill shops, movie theaters and restaurants with easy access to BART, and freeways. This house is nearby top rated schools such as Strandwood Elementary.

Loved by the same family for over 20 years

Please contact me if you have a SFH in Concord, bordering Walnuct Creek, up to $700k. Buyer in a 1031 exchange and needs to identify and buy soon.

Two Houses on One Lot in the 94602

(12,000sf lot)

Price: $1,050,000.

Nestled into the Highland Park/Bella Vista neighborhood, this gated urban oasis boasts two single family homes with off street parking for four cars, zoned for 1-4 units and has a detached 4 car garage. Each unit is individually metered for water, gas and electric.

If your looking for an investment property, now is your chance. So many options! Live in one and rent the other, multi-family living, calling all artistic buyers and small lot developers.

1325 E 31st Oakland CA 94602

This enchanting two bedroom, one bath, 2176 square foot home (per appraisal) has four French doors and arched windows creating floor to ceiling light in the great room with a wood burning art deco granite fireplace. The staircase with an artfully designed banister leads you to a family room and a cozy gas fireplace.

French doors lead you into the formal dining room where you can enter the kitchen with a black and white checkered floor, straddling the line between casual and elegant. An eat-in alcove is off the kitchen and takes you to the washer and dryer in the laundry room.

Combined with hardwood floors, 1920's period lighting, two fireplaces, air conditioning, and central heat, two large bedrooms, one bath with a tub/shower surround there is a hidden bonus.

Hidden Bonus! There is room for expansion in the undeveloped space located in the great room built into the eastern wall. In a past life, this was the organ pit of a 50 rank pipe organ the previous owners had in the home.

This home is unlike any other you have seen. There are 12 mature cypress trees leading you behind the gate. The yard is a secluded peaceful oasis complete with two antique street lights on the grounds, mature trees, and a private patio, in addition to a partial basement. Two car tandem parking and currently tenant occupied. Current rent is $3000/mo. Tenants are on a month to month lease and would like to stay.

1323 E 31st Oakland CA 94602

Enter the gate and follow the path to the back of the property to reach this 972 square foot Craftsman style wood shingled home (per appraisal). When you walk in from the front porch, you enter the living room, which is surrounding by windows on two walls, and a gas fireplace. The home has central heat and air conditioning. Off the living room is the spacious bedroom and en suite with a majestic redwood right outside your window. As you enter the retro kitchen, the Wedgwood stove is sure to catch your eye. The dining room and office located off the kitchen are walled by glass sliding doors where you can appreciate the expansive views of the deck and mature trees on the grounds. The filtered light through this space creates a feeling of seclusion and peace. There is a laundry room and full bath located conveniently for anyone who would like to add a hot tub to this backyard. There is outdoor lighting, and a privacy fence between both properties. This property is currently vacant. Past tenants paid $2200/mo.

What about the location? The home is a block away from the AC transit bus line that connects you to Lake Merritt Bart, or Fruitvale Bart within 10 minutes. Living here you or your tenants can explore Oakland's neighborhoods from Lakeshore, to Grand Ave, Park Blvd to Montclair, or the Diamond District to the Laurel, the shops and restaurants are all nearby.

You do not need to hop on the freeway but if you did, Highway 580 is a few blocks away and in 20 minutes you could be in downtown San Francisco (during non-commute times).

You cannot see either house from the street. There is a senior home to the right of the property. Truly a gem.

Detached Garage

Architects Synopsis from 2017 Q4:

Based on these findings as confirmed by the Planning Department, it appears that the intended development of 2 units over parking can be designed within the requirements of the Municipal Code. The footprints of the existing buildings (including the garage) are already very close to the maximum lot coverage. As such, the new building must have a footprint approximately equal to that of the existing garage. It appears that we can go up to 3 stories tall so that we can have two story units over the new garage.

Please contact Elisa Uribe at 510-919-5741 or [email protected] for private showings.

Hi Eli! Congrats in advance, once you go down the road of building wealth through Real Estate, you get hooked! It sounds like your mind is already spinning with options and ideas and that's all good! What might help is to try to narrow down what kind of investor do you want to be. Buy and Hold? Flipper? House Hacking sounds like it peaked your interest most so maybe focus on the HH forums, and contact people directly so you can have better conversations about their experiences both good and bad. You can then ask more pointed questions.

I would also talk to a lender so you can start to learn your numbers on what you qualify for based on your income, savings, and credit score etc.  That will help you establish timeline. 

Get your team in place now so when the opportunity is there, you know who to call. Keep learning about what it takes to buy in the city you are interested in. For instance in Oakland, Alameda, Berkeley, and a few other Northern CA cities,  there is a sewer lateral ordinance, that although negotiable,  but in this market, most buyers take on the responsibility of replacing the sewer line within months of the closing. On the last house I bought, that was an extra $10,000. For some investors, that would kill the deal. Best of luck!

Hi Calvin, 

I would like to recommend you get in touch with EBRHA - East Bay Rental Housing Association. It's a small fee but you can call them for any questions you have about Landlord guidelines and tenant rights. They look out for owners and property manages and are a great resource!

Boy the app is great and I am really looking forward to this weekend.  

I would love to meet a few folks on Friday and start the weekend early over dinner and/or a cocktail. 

 #1) What is the reason/goal that got you into real estate? 

I got into Real Estate as a Realtor 12 years ago. A few years into the business I added to the mix of selling homes and started helping a handful of client as a Property Manger with SFH in the bay area and realized I was really good with managing tenants and tenant issues. None of my clients had a to deal with evictions and tenants always paid rent on time. It was then that I realized I had a job I was good at and needed to take advantage of what I knew and start investing in myself. I love building relationships in real estate, creating wealth for my clients and using my hard earned money to travel as well as enjoy the bay area.

I now have 5 properties in my portfolio and am currently trying to decide if it makes sense to build a duplex on land I currently own in Oakland. New build is a new area of real estate and I need to educate myself more so I can make an informed decision. I would love to meet anyone who has experience in this area of real estate. 

As a Realtor, besides my normal escrows, I am selling more and more off market properties.  One resent escrow was to an investor who reached out to me in a private message on BP. (The power of networking on BP indeed!). 

Yesterday I previewed a SFH off market near the Oakland Zoo that is a 2 bd 1 ba with a converted garage that has a pitched roof, full bath and a sink with room to add the kitchen, easily turning this into a studio. Seller says he will sell it off market for $600k. If anyone is interested, please send me a message or look for me on Saturday.

Coming Soon! Attractive 3-bdrm, 1-bath Fremont, CA. Home For Sale

Attractive 3-bdrm, 1-bath Fremont home has been in the same family for 40 years!

Improvements include central heating ,air conditioning, double pane windows, recess lighting, six panel doors, mirror closets, and ceiling fans. The sewer line has been replaced and the roof is less than 5 years old. 

With a mature orange tree near the covered patio, you can spend warm evenings lounging and drinking fresh juice from your yard, or buy it as a rental. Rents in the area for a home this size are $2900/mo. -$3000/mo.

If possible, the owners would be interested in a short term rent back. If the terms were right, they would sell it off market. It will go "live" in the MLS on July 28th, 2017.

Walkability Score: 76 Walkability Score

Community Information: Fremont Community Information

P.S.

I'm a Realtor in Oakland CA and help buyers and sellers through the home buying and selling.   I hang my sign at Golden Gate Sotheby's and I have a number of reviews on Zillow but enough about me! I love learning and connecting with smart, educated people, which is why I had to join Bigger Pockets! I really enjoy the podcasts and look forward to connecting with other members both in and out of CA

P.S. IF you need local information, my website is www.searchalleastbayhomes.com and www.rockridgedigs.com

Wow, I can't wait to start reading this and it comes at a perfect time since I just had a survey done on a property I own, and am trying to decide if I will be building 2 units on an existing garage space. Thanks in advance! 

Congrats! What a great story. It goes to show hard work pays off. Cold calling is key, you decided to focus on a nitch and are becoming the pro in this arena. It also sounds like you have a good team in place. Awesome story! Thanks for sharing in your success and wish you many more deals like this one.