June 8, 2014

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It was easy to justify purchasing this Berkeley bungalow at a price of $438,000 in February 2013. The potential for transforming this property was immediately evident. It was situated in a charming Berkeley neighborhood, near BART and UC Berkeley.

The home was built in 1925 in the bungalow style of that era. It consisted of split level, with the laundry facility on the lower level and a detached one car garage. It had six rooms, with two bedrooms and one bath for a total of 1502 square feet.  It had good “bones” and desperately needed updating.

Our innovative team created a master bedroom suite which enhanced its marketability and function. The lower level laundry area was transformed into a bonus room. These improvements did not affect the footprint of the dwelling but added about 200 square feet of living area.

The renovation also included updating the kitchen by adding granite counters, a breakfast bar, new kitchen cabinets, lighting, and stainless steel appliances. We installed engineered wood flooring throughout the kitchen, dining area, living room, and bedrooms.

We listed the property for $699,000 in March 2014 and received multiple offers, accepting the highest and best offer of $800,000.

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About the author 

Beau Eckstein

Beau Eckstein is an experienced real estate investor and loan broker with over 20 years of experience in the industry.

He has sold real estate as a licensed agent, originated conventional mortgages, and arranged hundreds of millions of dollars’ worth of real estate transactions, from commercial financing to construction loans and bridge deals.

Currently, Beau is the Managing Director of PACE Equity, where he arranges financing for commercial development and renovation funding nationwide. Beau also originates HUD, SBA, and bridge loans, as well as other types of creative financing for many different situations.

Over the past 20 years in real estate, Beau has created a platform of financial partners to get all kinds of projects funded.

Recently, Beau re-located from the San Francisco Bay Area to Las Vegas, Nevada. He still does considerable business in Northern California, but, over the years, his reach and network has expanded nationwide.

Beau Eckstein can conduct business from anywhere and serve people all over the US.

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