longtime local lives in ZIP and 1st investment property or for family member
Local investor owns 5 other rentals and primary in CV all paid off
Primary owner occ
Investor – high end property
Investor – high end property
The 3 that were most likely investors were wealthy Chinese folks living in CV
Not a big market for investors and some could be buying for extended family but for arguments sake lets call 4 out of 5 investors.
detached 65 sales and 4 were cash
First two were defintely purchased by fix and flip investors at low prices. They will be in and out quickly
Bought by large local church likely as place for clergy to reside
Bought by wealthy local family that had some well covered in the news issues with a family member. This is definitely not an investmemnt as owner is big time investor that would have bought through fund not personally
Bottom line this ZIP is not really one with lots of cash investors and most seems to be CV overflow buying for investment or family.
