This San Francisco diamond in the rough sat directly across from the Palace of Fine Arts in the Marina District. The home had been in the same family for over 40 years. Eric and his team at Pacific Union were hired by the trustee of the family estate to market the property. In conjunction with the trustee, Eric helped bring the property to market and achieved a highly successful outcome for the beneficiaries. Considerable value was added through tenant negotiation and strategic remodeling.
Once the property was vacant, Eric consulted with trustee and her team of contractors to complete cosmetic remodeling. Eric consulted with the top stagers in the industry to prepare the residence for sale. All of these improvements were made with economics and speed at the forefront of the process.
Ultimately, after the execution of the carefully crafted marketing plan, the property sold with multiple offers for $850,000 over the original asking price.
This lovely Pacific Heights property was owned by the same family for 45 years before it was bequeathed to a venerable Bay Area institution. As a client of Eric's, the institution worked with his recommendations and entrusted him to help oversee strategic renovations. These improvements included new floors, paint, new appliances - all with the goal of enhancing the property's natural strengths and, therefore, market value with prudent invested capital by the client.
When the property came to market, prospective buyers appreciated the light-filled and gracious splendor of the home. There were three bedroom suites, including a large master, on the upper level, plus a fourth bedroom and office on main level. The beautiful and spacious living room opened to a lovely south facing terrace. There was an additional room and full bath down. The elevator from the 2-car garage serviced all floors. The property enjoyed some Bay and Palace of Fine Arts views. The property was located on an iconic block in San Francisco's highly sought after Pacific Heights.
The property preparation and marketing resulted in multiple offers and an all-cash closing price well in excess of the listing price.
This 2-unit Edwardian building sat on one of Russian Hill’s most desirable blocks. When purchased by investors, the units were in original condition and suffered from deferred maintenance. As managing partner, Eric managed the renovation of the property.
The upper unit renovation opened walls between livingroom, dining room and kitchen and dramatically increased the sense of space and light. The entire unit was beautifully updated with an eye to modern aesthetics and amenities. The lower unit was repaired and restored to its original charm. The property sat on an extra deep lot which provided beautiful outlooks and a gorgeous garden. For marketing to sell, each unit was staged according to the appropriate and varied style of each unit.
Prior to the renovation, Eric and his team successively resolved sensitive tenant issues which enhanced market value. As a result, the property was marketed as a vacent 2-unit building, giving it flexibility to both investors and owner occupiers. The two Tenancy-in-Common (TIC) units were offered with individual financing available. The building presented a great fast tract condominium conversion opportunity as well.
1146-1148 Vallejo Street sold with multiple offers over the asking price.