As a four unit apartment building, 2918-2924 Pine Street sold earlier this year after being listed at $1.3M (reduced from $1.6M). After a relatively quick (and at the very least, cosmetically thorough) renovation, its back on the market as four TIC units ranging from $398,000 to $678,000 (total building = $2,152,000). Not a bad return (assuming they sell).
∙ Update: 2918-2924 Pine Street Price Reduction [SocketSite]
∙ Listing: 2922 Pine Street (2/2) – $678,000 [Pacific Union]
∙ Listing: 2920 Pine Street (2/1) – $628,000 [Pacific Union]
∙ Listing: 2924 Pine Street (1/1) – $448,000 [Pacific Union]
∙ Listing: 2918 Pine Street (1/1) – $398,000 [Pacific Union]
Opportunities like this exist every single day. People are just too lazy to search and imagine. There are doomers and gloomers all around, and they limit themselves to their own rental existence hoping the world will end and come to them 🙂