Customized residence renovation will choose 12 months to complete and nearly double property worth
LOS ALTOS, Calif., Jan. 26, 2021 /PRNewswire-PRWeb/ — West Valley Ventures, a residential authentic estate financial investment enterprise in affiliation with GPR Ventures and Duke Money Ventures, has closed escrow on a 13,785 square foot large amount positioned at 853 Campbell Ave. in Los Altos for a invest in price tag of $3.030 million. West Valley Ventures will lover with Domum Structure to rework the house above the subsequent 12 months. The renovation plan consists of 4,500 sq. feet of livable room, which includes a committed household office and an 800 square foot accessory dwelling unit. It is predicted to nearly double the property’s worth to upwards of $6 million.
“Los Altos is a crucial market place for our West Valley Ventures group, and we are happy of the footprint we have set up in the neighborhood by way of numerous productive property transformations,” said West Valley Ventures Founder and Running Principal Glen Yonekura. “This form of acquisition and renovation is our specialty, and we are energized to implement our a long time of expertise to this job.”
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“We are psyched about this acquisition mainly because it is definitely in the wheelhouse of West Valley Ventures’ expertise,” claimed Kyle Fahey, Asset Manager and task guide for the renovation. “Just after an prolonged closing period of time which gave us time to thoroughly acquire our job prepare, we are now ready to strike the ground working on the renovation.”
West Valley Ventures will husband or wife with affiliate business GPR Ventures, which is co-owned by Glen Yonekura and Phil Rolla, Government Vice President of industrial actual estate investment decision business Dan Caputo Co., to fund the new make. West Valley Ventures worked with Genesis Money, a Los Angeles-primarily based lending mortgage company affiliated with Goldman Sachs, all over the escrow approach.
“West Valley Ventures has a complete and extensive expertise of the Los Altos authentic estate market place, and their practical experience throughout all facets of the business shines via with each and every venture they just take on,” mentioned Los Altos-based realtor Kathy Bridgman, who brokered the sale.
West Valley Ventures’ renovation programs consist of a 3,700 sq. foot a person-story key residence with 5 bedrooms, five bathrooms and a committed office area. An 800 square foot accessory dwelling unit (ADU), which has become a primary aspect of all West Valley Ventures tasks, will be outfitted with two bedrooms, one toilet and a small kitchen.
The fashionable farmhouse style will incorporate wood and stone aspects, as nicely as sloped, multilevel roofs and exposed beams.
The two-car attached garage opens into a mudroom which enables entry to a official living place highlighted by a assertion-building hearth. At the rear of the house, bifold doors in the loved ones place open up on to a deck and included patio, with plans for a pool proposed to finish the outdoor living room.
Area + Community Facts
The residence is located at 853 Campbell Ave. in Los Altos and offers straightforward entry to Interstate 280 and Highway 101. Shoreline Amphiteatre, Shoreline Lake Park and downtown Mountain View are a lot less than 5 miles from the residence with close proximity to searching, restaurants and some of the area’s top-rated schools.
For more details on West Valley Ventures and its finish portfolio, pay a visit to https://westvalleyventures.com/.
About West Valley Ventures
West Valley Ventures, an affiliate business of GPR Ventures and Duke Money Ventures, specializes in the course of action of reworking common houses into upscale, attractive households in some of the most extremely-valued household communities through the Bay Spot and Silicon Valley. The firm’s decades of skills coupled with a specialized network of real estate industry experts, architects, engineers and designers guarantees a seamless system for each property customers and sellers. West Valley Ventures’ portfolio involves over 50 personalized residences completed in Silicon Valley. For further data, be sure to pay a visit to westvalleyventures.com or call (650) 386-6403.
Media Get hold of
Amanda Allnutt, Merlot Advertising and marketing, Inc., 916-285-9835, [email protected]
Source West Valley Ventures