Monterey Investment Property Update – April 2018

Construction is progressing at Monterey!

Monterey Investment Update – April 2018

The roof is fully loaded with tile, tile is being installed and the final rough grading work is happening now. Rains delayed the work but the weather has cleared and work has resumed. The original plans were grandfathered in under an old fire code and after the recent forest fires in the Bay area, the City is requiring us to update to the new code, so we’re working through those revisions. In our last update we mentioned an interested buyer for the property, but unfortunately, we were unable to reach an agreement. The property will be listed in the next 30 days to attract any buyers looking for new product.

Projected completion: September 2018

Monterey Investment

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Happy Investing!