In an earlier entry, I created a case study example surrounding 936 Clayton Street. Click here for a refresher 936 Clayton Boom Market. Long story short: the remodeled single-family home sold for $2,840,000 on August 1, 2012 – not even less than a full percent of the asking price. So, the developer / GC team made a handsome profit of $500K+ in a six month time span – remarkable!
In an upcoming post, I will speak to how and why such valuations can be reached in cosmopolitan cities such as San Francisco. And, if you are looking for similar opportunities in San Francisco, please reach out to my team and me as we are constantly placing such opportunities with our GC and developer clients.