June 14, 2014

Redwood Heights Kitchen

We found this home, located in the Redwood Heights neighborhood of Oakland. This was a foreclosure which we acquired from HUD in an as-is condition. At first sight, we knew we had a winner.

The home was built in 1916 and consisted of two bedrooms, one bath with a basement area that had been converted to a one bedroom, one bath, with a separate side entrance.  The total square footage was 1042.

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The home had an amazing transformation when we created an open floor plan. We increased ceiling height, bringing in natural light.  Along with Bay views, new paint, flooring, updated baths, a new kitchen, including granite counter tops, stainless steel appliances and cabinetry, the renovation was stunning. The downstairs converted basement area was included in the updated renovation and as named, truly became a “bonus room”.

Our improvements created a two bedroom, two bath home, plus the bonus room, for a total of 1328 square feet.  The landscaping completed the transformation and appeal. This property was quickly purchased almost immediately after it came on the market.

 

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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