Central Bay Properties, LLC

04/18/2026

06/22/2021

ARMADA WAY, SAN MATEO CA - A 1,570sqft 3BR / 2.5BA single family residence in the the highly desirable Mariners Green neighborhood. The owner was a tired landlord that did not have the interest to do the renovations to bring it to market level and also needed their equity to purchase a new home out of the area. We made a fair offer considering the work it needed. The owner was elated to be able to get their money and not worry about having to work with contractors.

01/04/2021

ONEAL AVENUE, LANCASTER, TX This single level, 1,896 sqft, 4 bedroom, 2 bath Single Family Residence followed the same model as our Mimosa Trail property as a renovation purchased from a wholesaler. Because rents for this property exceeded 1% of the purchase price, this too was held as an income property. Just before COVID-19 broke out, we updated it again to position for a sale and sold it on the MLS.

01/04/2021

MIMOSA TRAIL, CEDAR HILL, TX This single level 1,371 sqft, 3 bedroom, 2 bath Single Family Residence was a renovation purchased from a wholesaler. Because rents for this property exceeded 1% of the purchase price, we held it as an income property. Just before COVID-19 broke out, we updated it again to position for a sale and sold it on the MLS.

01/03/2021

CATSPAW CAPE, CORONADO CA - A prized location on the Silver Strand, was a 1,549 sqft, 2 bedroom, 2 bath Single Family Residence on the water. The seller was over leveraged, but the property was not in a condition to be marketed. We offered the owners to purchase it as a lease option, meaning that we bought the property and let them lease it for one year to give them a chance to get their finances back in order. They then had the option to repurchase their own house back. In the end, they chose to move on with the money we had paid them that let them cover their debts and star a new. We converted an office to add an additional bedroom, upgraded the kitchen and bathrooms and got the rights to a boat dock reinstated right outside the backyard making this a boater's paradise with access to the harbor and the Pacific Ocean.

01/03/2021

PAR VIEW LANE, ARROYO GRANDE CA - This custom 3,565 sqft, 3 bedroom, 3 bath Single Family Residence demonstrated Central Bay Properties' creativity and flexibility helping sellers. This was a lease option where we bought the property and let the seller lease the property with an option to buy it back within 12 months while they got their finances in order. In the end, the seller did not execute the option, we did a few improvements and sold the property.