Personalized household renovation will get 12 months to entire and nearly double home benefit
LOS ALTOS, Calif., Jan. 26, 2021 /PRNewswire-PRWeb/ — West Valley Ventures, a residential real estate expenditure firm in affiliation with GPR Ventures and Duke Money Ventures, has shut escrow on a 13,785 square foot good deal positioned at 853 Campbell Ave. in Los Altos for a purchase rate of $3.030 million. West Valley Ventures will spouse with Domum Style to rework the home in excess of the up coming 12 months. The renovation plan includes 4,500 sq. toes of livable house, such as a dedicated residence workplace and an 800 square foot accessory dwelling device. It is predicted to just about double the property’s price to upwards of $6 million.
“Los Altos is a key current market for our West Valley Ventures staff, and we are proud of the footprint we have set up in the community by way of several prosperous property transformations,” said West Valley Ventures Founder and Controlling Principal Glen Yonekura. “This sort of acquisition and renovation is our specialty, and we are energized to apply our many years of encounter to this venture.”
TWEET THIS: Household serious estate organization #WestValleyVentures has acquired a 13,785 square foot good deal in Los Altos. Planned renovations will virtually double the property’s worth and include 4,500 sq. toes of livable place. https://westvalleyventures.com/ #realestate
“We are thrilled about this acquisition simply because it is truly in the wheelhouse of West Valley Ventures’ skills,” said Kyle Fahey, Asset Manager and challenge lead for the renovation. “Immediately after an prolonged closing time period which gave us time to completely build our project program, we are now completely ready to hit the ground managing on the renovation.”
West Valley Ventures will partner with affiliate firm GPR Ventures, which is co-owned by Glen Yonekura and Phil Rolla, Govt Vice President of commercial actual estate investment organization Dan Caputo Co., to fund the new construct. West Valley Ventures worked with Genesis Funds, a Los Angeles-dependent lending personal loan service provider affiliated with Goldman Sachs, all through the escrow course of action.
“West Valley Ventures has a extensive and extensive know-how of the Los Altos real estate marketplace, and their expertise throughout all areas of the industry shines as a result of with each individual undertaking they choose on,” explained Los Altos-centered realtor Kathy Bridgman, who brokered the sale.
West Valley Ventures’ renovation programs incorporate a 3,700 sq. foot one-tale main residence with five bedrooms, 5 bathrooms and a focused office place. An 800 sq. foot accessory dwelling unit (ADU), which has develop into a principal aspect of all West Valley Ventures tasks, will be outfitted with two bedrooms, a person bathroom and a little kitchen.
The fashionable farmhouse style will include wooden and stone aspects, as perfectly as sloped, multilevel roofs and uncovered beams.
The two-motor vehicle connected garage opens into a mudroom which will allow obtain to a official dwelling room highlighted by a statement-earning fire. At the rear of the household, bifold doorways in the family members room open up on to a deck and covered patio, with designs for a pool proposed to total the out of doors living house.
Site + Neighborhood Details
The property is found at 853 Campbell Ave. in Los Altos and features effortless entry to Interstate 280 and Freeway 101. Shoreline Amphiteatre, Shoreline Lake Park and downtown Mountain View are significantly less than 5 miles from the assets with close proximity to buying, eating places and some of the area’s top rated-rated faculties.
For a lot more details on West Valley Ventures and its total portfolio, take a look at https://westvalleyventures.com/.
About West Valley Ventures
West Valley Ventures, an affiliate business of GPR Ventures and Duke Cash Ventures, specializes in the course of action of transforming standard attributes into upscale, fashionable households in some of the most highly-valued residential communities during the Bay Place and Silicon Valley. The firm’s decades of knowledge coupled with a specialized network of real estate professionals, architects, engineers and designers makes sure a seamless procedure for equally residence prospective buyers and sellers. West Valley Ventures’ portfolio consists of over 50 personalized residences concluded in Silicon Valley. For supplemental details, you should take a look at westvalleyventures.com or call (650) 386-6403.
Media Get hold of
Amanda Allnutt, Merlot Marketing and advertising, Inc., 916-285-9835, [email protected]
Resource West Valley Ventures