Custom house renovation will acquire 12 months to full and practically double property benefit
LOS ALTOS, Calif. (PRWEB) January 26, 2021
West Valley Ventures, a residential real estate expenditure business in affiliation with GPR Ventures and Duke Cash Ventures, has shut escrow on a 13,785 square foot good deal situated at 853 Campbell Ave. in Los Altos for a invest in price tag of $3.030 million. West Valley Ventures will husband or wife with Domum Structure to transform the house over the following 12 months. The renovation plan incorporates 4,500 square feet of livable space, including a committed household business office and an 800 square foot accent dwelling unit. It is envisioned to virtually double the property’s worth to upwards of $6 million.
“Los Altos is a important current market for our West Valley Ventures staff, and we are proud of the footprint we have recognized in the community by way of quite a few thriving home transformations,” reported West Valley Ventures Founder and Controlling Principal Glen Yonekura. “This variety of acquisition and renovation is our specialty, and we are psyched to apply our decades of working experience to this challenge.”
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“We are excited about this acquisition due to the fact it is certainly in the wheelhouse of West Valley Ventures’ abilities,” explained Kyle Fahey, Asset Supervisor and undertaking guide for the renovation. “Right after an prolonged closing time period which gave us time to totally create our task program, we are now prepared to strike the floor functioning on the renovation.”
West Valley Ventures will partner with affiliate company GPR Ventures, which is co-owned by Glen Yonekura and Phil Rolla, Government Vice President of professional genuine estate expenditure firm Dan Caputo Co., to fund the new build. West Valley Ventures worked with Genesis Cash, a Los Angeles-centered lending mortgage provider affiliated with Goldman Sachs, throughout the escrow course of action.
“West Valley Ventures has a complete and substantial understanding of the Los Altos genuine estate industry, and their experience across all features of the industry shines as a result of with just about every challenge they consider on,” stated Los Altos-based realtor Kathy Bridgman, who brokered the sale.
West Valley Ventures’ renovation designs consist of a 3,700 sq. foot one particular-tale key property with five bedrooms, five bathrooms and a committed business office place. An 800 square foot accessory dwelling unit (ADU), which has grow to be a main aspect of all West Valley Ventures assignments, will be outfitted with two bedrooms, one particular lavatory and a small kitchen area.
The modern farmhouse layout will incorporate wooden and stone aspects, as very well as sloped, multilevel roofs and uncovered beams.
The two-car hooked up garage opens into a mudroom which will allow obtain to a formal living home highlighted by a assertion-creating hearth. At the rear of the dwelling, bifold doors in the family home open up on to a deck and included patio, with options for a pool proposed to comprehensive the outdoor dwelling room.
Location + Community Particulars
The residence is located at 853 Campbell Ave. in Los Altos and features uncomplicated obtain to Interstate 280 and Freeway 101. Shoreline Amphiteatre, Shoreline Lake Park and downtown Mountain Check out are considerably less than 5 miles from the residence with close proximity to searching, eating places and some of the area’s best-rated educational institutions.
For additional information and facts on West Valley Ventures and its finish portfolio, visit https://westvalleyventures.com/.
About West Valley Ventures
West Valley Ventures, an affiliate enterprise of GPR Ventures and Duke Money Ventures, specializes in the process of transforming ordinary attributes into upscale, stylish properties in some of the most extremely-valued residential communities in the course of the Bay Spot and Silicon Valley. The firm’s a long time of know-how coupled with a specialized community of true estate industry experts, architects, engineers and designers makes sure a seamless system for equally residence consumers and sellers. West Valley Ventures’ portfolio contains in excess of 50 tailor made houses finished in Silicon Valley. For further facts, remember to check out westvalleyventures.com or contact (650) 386-6403.
For the initial edition on PRWeb visit: https://www.prweb.com/releases/west_valley_ventures_announces_acquisition_renovation_plans_for_13_785_sq._foot_lot_in_los_altos/prweb17683425.htm