South San Francisco, CA (1-Unit AirBnb)

PURCHASE: $1,050,000

REHAB: $70,000

ARV: $1,400,000

STRATEGY: BUY AND HOLD / VALUE ADD / SHORT TERM RENTAL
Addressed deferred maintenance and full renovations of kitchen, bedrooms and bathrooms. Property is currently a short term rental.

EXIT STRATEGY: The plan was to hold long term with higher returns via Short term/Mid-term rental. The lot has potential to build 1-2 ADUs as potential add-on options, or to sell.

SUCCESS: Successfully AirBnb’ing property maintaining Super Host status. Our team will pivot to other rental methods if and when necessary. Exploring adding an ADU, or adding an additional rooms and square footage to further increase value in the future during a slow down.