1213 Admiralty Lane, Foster City, California 94404, USA

A Great Investment Opportunity in Foster City, CA

Property Details

A classic condo featuring 3 bedrooms, 2.5 bathrooms, and 1,505 sqft of living space with a 2-space carport.

• Roof: Good

• Furnace: Good

• AC: Good

• Plumbing: Good

• Electrical Panel: Good

• Water Heater: Good

The property will be delivered vacant at closing.

Investment Highlights

• Excellent condition property - nearly list-ready with minimal work needed

• Only requires interior paint and light cosmetic updates (estimated $30k scope of work)

• Strong ROI potential of 7.4% after transaction costs

• Located in highly-rated school district (Elementary: 8/10, Middle: 8/10, High: 9/10)

• Modern kitchen with breakfast bar and large balcony

• Prime Foster City location close to Redwood Shores State Marine Park and San Francisco International Airport

• Strong buyer interest in area - average of 23 interested buyers per deal with 100% sales success rate

• Recent comparable sales ranging from $970k-$1.03M, with highest comp selling in just 38 days

Financial Summary

• ARV (After Repair Value): $1,020,000 - $1,040,000

A Wonderful Wholesale Opportunity!