Monday, September 23, 2013

Bank Owned Commercial Retail Land Cabazon

5 acres of commercial land for sale by bank near the tourist destination of Cabazon outlets and Morongo casino. Excellent freeway exposure on the 10. Call for details.

Tuesday, November 27, 2012

Bank Owned Office Building for Sale in San Bernardino

Just listed is a bank owned office building for sale in San Bernardino.  This 13,000+ square foot office building can be used for a variety of businesses including medical use.  Large lot, great parking, excellent condition. Very low price per square foot.  Perfect asset for an owner user.  Attractive SBA financing available.
The old adage, "Don't wait to buy real estate, buy real estate and wait" is very true today as it was when it was first spoken by the great guru of real estate Donald Trump (actually probably not him, maybe Warren Buffett, or perhaps it was Joe Blow - this part is not relevant!)

There are a crazy number of private equity funds, family trusts with lots of cash, hedge funds and single investors in the marketplace looking for that bank owned, 12% cap rate deal in the best of the best neighborhoods with stable cash flow and a corporate 10+ year lease. This asset does not define the word "distressed".  It is also non existant.

What is available are stabalized apartment deals with 6% cap rates in decent neighborhoods that you can finance with 4% money. Positive leverage all over those numbers.

Also, think about 1031 exchanges of high equity properties that have a low rate of return.  Get that equity working again. A single family home rental with a 3% cap rate can be sold and traded into the 6% cap rate apartment building just mentioned.  You get more tax sheltering with additional depreciation and added leverage too.

And in non-residential investments:

1. Single Tenant NNN deals with strong tenants and 6%+ cap rates
2. Neighborhood strip centers with 7% cap rates - this add diversity of tenants and invests in stable mom and pop businesses that tend to stay well occupied.
3. Do you own a business?  Time to use amazing SBA financing and buy your own space.
4. And there are more - talk to us about all the options.

The actual topic of this post is this: It never seems like an amazing deal today.  Next year you will look back and be very happy.

Let's talk options now.

Wednesday, November 7, 2012

Bank Owned Single Family with R3 Zoning for Sale

Just hit the market today is a bank owned REO 2,380 square foot single family home in the mid-Wilshire are of Los Angeles with desirable R3 multi-family zoning. Currently 6 bedrooms, 2.5 baths.  Was used for commercial purposes in the past. Two story, built in 1910 on a 8,000 square foot lot. Offered at 489,900. This could be a good opportunity to redevelop to get more units on a prominent street.

Monday, April 30, 2012

Bank Owned Broken Apartment Project Studio City

Just hitting the market is this stalled construction bank owned 24 unit multi-family apartment project for sale in Studio City. All units are 2 bedrooms & 2 baths. 4 story building with 60 parking spaces.  Approximately 38,000 square feet of residential construction.Units range from 1,430 square feet to 1,748 square feet. Construction is substantially completed. The property is being offered without an asking price at this time.  For more information on this or other investment opportunities, please contact Mario Pinedo, CCIM at 415-269-6249 or mariopinedo@kw.com.

Monday, April 9, 2012

Pre-foreclosure Horse Property San Diego County

While this may not be a Los Angeles County Bank Owned commercial property, horse lovers and developers look far and wide for good opportunities.  We are currently tracking a very interesting equestrian property in north San Diego county which could be used for horse training and lodging.  The property can also be used for a small high-end single family home development in the future.  Please call for details on this unique pre-foreclosure commercial or development deal.

Wednesday, February 1, 2012

Broken Condo Project Pasadena

There is a distressed condo & retail development project available for sale in Pasadena. Retail on the ground floor, loft live/work condos above.  It was a permitted project with permits ready to be renewed upon payment of fees.  This project is essentially ready to build.  Great timing for this marketplace to start construction today. Land and plans for sale $1.9M and with a project value of $23M at sale and $15M construction costs.  Call or email for more details on this distressed commercial development project.

Monday, January 23, 2012

Bank Owned Truck Stop on Road to Las Vegas for Sale

You have passed through Barstow on your way to Las Vegas many times I am sure. For sale is a bank owned gas station truck stop facility off of Hwy 15 offramp in the City of Barstow.  12.5 acres, 4,750 square foot building, all gas station equipment was recently removed by the previous owner.  Great property to renovate with new equipment and restart the business.  Heavily traveled location and perfect for an experienced operator.  Offered at $349,000.

Thursday, January 19, 2012

Pomona Bank Owned Commercial Lot for Sale!

Just reduced to $350,000 is a 1 acre lot in Pomona suitable for retail, warehouse, industrial, restaurants and drugstores. Level, rectangular lot bordered by a new multi-family apartment complex, older apartments, multi-tenant auto repair and across from a major shopping center.  Good location for a restaurant, neighborhood retail or other use to support the new housing in the area.  Call for details, this is a very good opportunity for commercial bank owned property in Pomona, Los Angeles County.

Wednesday, January 11, 2012

Bank Owned Commercial Los Angeles Strip Retail Coming Soon for Sale


Coming to market soon is a USC area retail strip center.  Not pretty but definitely has good potential. 4 spaces, 3 of which are vacant or nearly so.  Very attractive price per square foot.  Nice upside for an experienced retail operator.  Approximately 7,000 square feet and will be priced near $900k.