San Francisco Real Estate - Janice Lee

Excellent investment opportunity in Lone Mountain with city views. Well maintained 5 unit building comprised of 5 One Bedroom Units (Some are configured as Two Bedrooms by converting Living Room to Bedroom) and 2 Car side by side parking. Building is 4288 sqft and lot size is 3000sqft per Tax Records. $103,800 Annual Rent with a huge upside. New back stairs and remodeled front stairs. Roof is approximately 10 years young. Washer/dryer area. 569-$1955/mo; 569A-$923/mo Protected; 571-$1763/mo; 571A-$1964/mo; 571B-$1760/mo+New bathroom. Near all the restaurants, coffee shops and conveniences of Inner Richmond, Lone Mountain and Laurel Heights. Close to public transportation 5 Fulton, 38 Geary. Tier 3 Soft Story. Walk Score 96. Bike Score 94. Building Features: 5 One Bedroom Units Approximately 4288 square feet per Tax Records 3000sqft Lot Per Tax Records Approximately 10 years Roof New Back Stairs Remodeled Front Stairs 2 car side by side parking garage Nea...

Over the past year, California has seen a strong seller’s market for housing – thanks in large part to a shortage of homes on the market, strong demand by buyers and mortgage interest rates that hovered near historic lows. But as 2017 gets underway, the question is whether that seller’s market will continue, especially given a recent uptick in interest rates.

Development Opportunity! Owner User? Currently used as a grocery store. Approximately 2,000 square feet on a 2591 square foot lot. With the new Whole Foods, Avalon Rentals, Target and half a block from the recent build on the corner of Ocean and Miramar and the various developments in the area, Ocean Ave is slated for growth and expansion. The closest Bart Station is located at Balboa Bart station where the millions are being spent to make Ocean Ave more pedestrian friendly and more walkable. Located on the M line and close to Stonestown, 24 hour fitness and other eateries. Applied for Preliminary Project Assessement. Historical Analysis completed and architectural drawings.  Tenant is on a month to month lease beginning June 2016. Applying to build 9 condos and 1 commercial. Sold without planning approval and in as-is condition.

The owners of the Fairmont San Francisco have sold the landmark Nob Hill hotel, the latest in a series of high-priced hotel transactions in the city.

 A Mission District group that last week publicly floated the idea of a controversial plan to stop new market-rate housing in the neighborhood has put the proposal on paper. The move means the political fight over gentrification will likely move into the Board of Supervisors' chambers this year. Calle 24, a group of Mission businesses, nonprofits and residents, officially proposed Thursday that the city stop approvals for market-rate housing projects until it can study how to increase the number of affordable units that those projects would subsidize. Supervisor David Campos, who represents the Mission, has said he will soon turn Calle 24's recommendations into legislation. The group is also calling on the city to fast-track the development of affordable housing projects on public sites in the area and temporarily halt the building of high-end restaurants and the merging of retail space. "While initially it seems counter-intuitive to seek interim controls on d...

Just Sold 2909 Jennings Over Asking All Cash $650,000! Represented Seller. This property was featured in SFGate.com. My client purchased the property for under $300,000 in San Francisco Bayview District in 2014. Negotiated a lower price after getting in contract. Is that even possible? My clients remodeled  the property and sold for a huge profit. #SF # Flipping #Investments #RealEstate # Listing #Selling Before and after 2090 Jennings.

WASHINGTON President Barack Obama moved Wednesday to make it cheaper for first-time and younger buyers to take out a mortgage. Obama lowered the mortgage-insurance premium for borrowers who have a down payment of just 3.5 percent of the home’s purchase price and finance the rest of the purchase with a loan backed by the Federal Housing Administration. The reduction is expected to save the typical first-time homebuyer an average of $900 a year on the insurance, the White House said. The insurance is required because they’re financing so much of the purchase and the loans are riskier. Existing homeowners who refinance into an FHA mortgage will see similar reductions, the White House said. The White House estimated that the change will help 800,000 homeowners save on their mortgages and 250,000 new buyers save on mortgage payments over the next three years. Obama, expected to highlight the lower-cost mortgages Thursday during a visit to Arizona, has been under pressure from the housing se...

Your parents did it. Your friends are doing it. But how do you know if you’re ready to buy a home? The decision to become a homeowner is a personal one that must be based on your life situation and finances. Ask yourself these six questions to determine if you’re real estate-ready. 1. Can I afford it? Homeownership brings with it many new expenses. Beyond your mortgage, you’ll be paying for insurance, utilities and taxes, not to mention maintenance costs and perhaps homeowner’s association fees. If you don’t already have a budget, start one. It will help you manage your money, your spending and help you understand how much you can afford for a home.  

Many investors today want to add real estate to their investment portfolios, but they don’t understand the complex nuances of real estate investing or how to begin the process. Real estate investing is substantially different from investing in stocks, bonds, and CDs, and it can seem overwhelming to brand-new investors. Several years ago, an investor called me to buy a rental property after losing a great deal of money in the stock market. He was excited to begin his real estate investing career, but was terrified of investing in something new. In fact, at his first closing, his hands shook so much that he could hardly sign his name on the documents. Today, he owns eight houses and has become quite successful. We laugh whenever we recall how nervous he was in the beginning. But real estate investing doesn’t have to be difficult or scary. When I teach people how to invest in real estate, my philosophy is to maximize return while minimizing the risks.  When don...

Shortage of listings and strong buyer demand may create good opportunity for sellers The Bay Area’s housing market has seen a rise in sale prices as strong buyer demand, historically attractive interest rates, an improving economy and a shortage of listings are combining to create a robust seller’s market. The region’s median sale price of $531,000 is up 33% year-to-date compared with the same period last year, according to MLS data analyzed by Coldwell Banker Residential Brokerage. In addition, the average sale price is up 25% over the past year to $680,000. One of the reasons for the surge in prices is that there just aren’t enough homes on the market to meet buyer demand. Inventory has fallen to its lowest level in many years with Bay Area active listings in May down more than 50% from a year ago, according to MLS data. The Bay Area isn’t alone. According to statistics compiled by the National Association of Realtors® the inventory of homes for sale nationwi...

Home prices in San Francisco have risen 26% since last year, a notable increase given that the starting median list price was already significantly higher than any of these other cities. It pays to own in San Francisco! 3 of the 6 fastest appreciating housing markets in the entire country are here in the Bay Area.    Do not hesitate to contact me at (415) 832-9151 for any real estate purpose you may have. Janice Lee 415-832-9151 International President's Elite Top Producer, Realtor Investment Specialist janiceflee@gmail.com www.JaniceLeeHomes.com BRE #01720205

In recent years, economic conditions and limited open space have resulted in lower levels of new construction in the Philadelphia area compared to other areas of the country. Rather than moving further from the city, many local residents who commute to Center City from the immediate suburbs prefer to remodel their existing homes because they like their neighborhood, their school district, and their proximity to the highways or regional rail lines. Home remodeling serves a dual purpose; it adds to the personal enjoyment of one’s home and increases salability. The challenge is deciding where to start and which projects will produce the highest resale benefit. Many homeowners work under the assumption that kitchens and bathrooms are the best investments, but, according to the Remodeling 2012 – 2013 Cost vs. Value Report, adding an attic bedroom adds the most value (over $40,000) in the Philadelphia region. Adding attic bedrooms and remodelling basements are always good i...

There’s no doubt about it: the sixties have made the ultimate comeback and design-lovers couldn’t be happier about it. As Mad Men reminds us with its rousing return this Sunday, that decade was the perfect combination of sexy and chic—and don’t we all wish we could magically transform every piece of furniture into an Eames, Jacobsen, or Bertoia original. In reality though, there’s no need for a total do-over. You can still have a retro-cool feel to your home style with just a few choice pieces to spice it up. Check out four easy additions to your home décor that would make Don Draper feel right at home. 1. Pick Up a Signature Chair You don’t need a room full of vintage furniture to make a statement. One signature piece can add real flare to a room. You can either splurge on an iconic original like the Eames Lounge or choose a comfortable 60s-inspired chair like the Anson in spa-blue. 2. Tell Time with Style Telling time was never as hip as it was in the...

NEW LISTING 289 Bay Ridge Dr Daly City, CA MLS # 409721   For more information about 289 Bay Ridge Dr. please give me a call today at 415-832-9151. Janice Lee 415-832-9151 International President's Elite Top Producer, Realtor Investment Specialist JaniceFLee@gmail.com www.JaniceLeeHomes.com janiceleehomes.blogspot.com DRE #01720205

Once considered San Francisco’s ugly stepsister, Oakland is now the Cinderella of the East Bay. Last year, The New York Times shocked many by ranking the city no. 5 on its list of “The 45 Places to Go in 2012” (in between heavyweights London and Tokyo), beating out traditional California hotspots San Diego (no. 14) and Lake Tahoe (no. 30).  “New restaurants and bars beckon amid the grit,” touted the article, which was invariably followed up with a San Francisco Bay Guardian cover asking, “Is Oakland cooler than San Francisco?” and The Globe and Mail article calling it “the Brooklyn of the West.” “Oakland has everything that San Francisco has—diversity, art and history, music, folksy neighborhoods, new and happening restaurants, night life, sports teams and venues, outstanding architecture, outdoor recreation and park lands, a world class science center just to name a few—but with better weather, at a fraction of the cost, lower density and a central location for ...

NEW LISTING! 267 Staples Ave San Francisco, CA MLS #409511 Janice Lee 415-832-9151 International President's Elite Top Producer, Realtor Investment Specialist JaniceFLee@gmail.com www.JaniceLeeHomes.com janiceleehomes.blogspot.com DRE #01720205

  Do not hesitate to contact me at (415) 832-9151 for any real estate purpose you may have. Janice Lee 415-832-9151 International President's Elite Top Producer, Realtor Investment Specialist janiceflee@gmail.com www.JaniceLeeHomes.com DRE #01720205

  Do not hesitate to contact me at (415) 832-9151 for any real estate purpose you may have. Janice Lee 415-832-9151 International President's Elite Top Producer, Realtor Investment Specialist janiceflee@gmail.com www.JaniceLeeHomes.com DRE #01720205

Anyone who has tried to buy a home lately knows that it can be very challenging. Historically low mortgage rates have brought homebuyers out in force. At the same time, there is a limited inventory of homes for sale. Resale listings are at their lowest level in many years and homebuilders are just now starting to replenish their supply of new construction, according to figures from the National Association of Home Builders. All of those factors have led to a seller’s market. Homebuyers are competing with each other for the relatively few listings on the market, leading to multiple offers in many cases, sometimes as many as a dozen or more, and sale prices climbing above the asking price. Trying to buy a home in a seller’s market can be frustrating and you may not be able to land the first home you want to buy. Still, there are ways to increase your chances of success. Here are some tips that may turn the odds in your favor: • Work With an Experienced, Knowledgeable Realtor® In a hot s...