Didn’t have ~$1.5m laying around but onto the next one!
https://www.zillow.com/homedetails/2619-College-Ave-Berkeley-CA-94704/24834197_zpid/
https://www.redfin.com/CA/Berkeley/2619-College-Ave-94704/home/2030316
Wonder what the ARV is.
No idea but I wouldn’t even sell it. I’m buy and sell never kind of guy and I really like this one since it’s empty, wow, and it is a great location, 3 small blocks away from UCB.
I would definitely add ADU and then add way more bedrooms and a few more bathrooms. Small is okay. We are packing the kids in. Students get housing and upgraded place, total income goes up for owner, and city+county get more property tax since it’s reassessed. Win, win, win.
Too bad I just bought a SFH with all cash last month and is now trying to figure out refinancing 
. But even if I didn’t buy I would still need partner/friend on this one… I aint got cash like you ballers here!
?
Perhaps it’s just mental and the market changed so I need to change but it’s Hard to pull the trigger on a refinance at 6.5%+ for me.
But it’s just me being lazy to find different lenders, optimize my refinances, and increase my cashflows. I rather go out to make shit wages than to run my business better. Shame on me! I need to do better!
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I just talked to a commercial realtor, he said loans are available around 5% for multi family. I think that’s low. By higher interest usually means higher cap rates.
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Commercial is a different animal.
Hard to beat that SFH-4unit 30 Year fixed for residential.
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Haven’t raised my rents since covid. How much should I raise?
(Of course have to consider constraints of Oakland, Alameda, Fremont, Hayward / state rent control )
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.
Hard to raise rent in SB. I’m in similar situation. Plan to raise 4-5%.
Rents in Tahoe have peaked.
I’m seeing really cheap condos available in lower-peninsula/south bay. Values took a hit during covid (rank and file SWEs moved to WFH) and are being put under further pressure by the rising rate and inventory situation. Sub-2017 prices already…when do they become a buy?
They are
But question is will they increase the value again? Maybe when they are at the point to generate positive cash flow with 25-30% down.
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No good deals
Typical Chronicle bs. Why do they bother with a firewall with this fish wrap nonsense. Oakland has the third lowest inventory in the country. That should be the lead.
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This one was #stolen. Well bought!
https://www.redfin.com/CA/San-Mateo/15-Clark-Dr-94401/home/698745