We believe that unused or underutilized urban lots represent: untapped value for the owner, solutions to affordable housing needs, sustainable alternatives to sprawl, business opportunities for a variety of local service providers and increased revenue for local government.
Using a combination of DIY and partnerships with hard-working professionals, vector612 started in 2011. We have bought, sold, built and remodeled a variety of properties in one of the most expensive markets in the U.S.
Here are our projects to-date:
Resell
It’s no secret that investing in real estate can enable you to generate positive or negative returns. While we experienced both, on balance, our work had a positive impact on our bank account and it taught us a great deal about working with partners and tenants.
Kensington – cosmetic remodel
Little Italy – new construction
East Village – corporate/short-term rental
Restore
We then shifted our focus to properties that needed significant remodeling and/or new construction in order to improve marketability, enhance their value, increase density, etc. Once again, there were many lessons learned such as: “you make your money when you buy” and “just because you can doesn’t mean you should.”
University Heights – complete remodel (foundation to roof)
La Mesa – remodel to create a 3BR/1BA & Studio/1BA (2-on-1)
South Park – built Studio/1BA and 2BR/1BA addition (new construction)
