What do you think the future of these ‘up-and-coming’ area? Could it be the next Sunnyvale? Few duplex on sales, 2 bed 1 bath are renting for $3200-$3500 in the area. Relatively decent rental income while waiting for gentrification in the Bay Area?
IMO, good for rental, but looks to me high crime areas. Elt1 is expert in RWC area.
I remember you could buy houses down there for $150k in 2009. Huge price appreciation. Crime is probably abating. But the houses are old and tired.
Now a crappy one bedroom apartment that needs rehab is $300k. Notice the 33 unit building asking $10m for a fixer. Almost all one bedrooms
If you’re buying rentals, I like that area for it. It’s going to keep gentrifying and cash flow is probably decent.
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Don’t forget - EPA is rent controlled for many years already.
more thinking duplex in the friendly acres, the stanford campus is opening next year and I happened to be a low paid employee at the tech giant nearby. But up-and-coming neighborhood + duplex price drop more during downturn.
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