Ok, even in San Leandro 4 unit apartment buildings are hitting 1M now…
https://www.redfin.com/CA/San-Leandro/1330-147th-Ave-94578/home/1171765
You may as well buy this San Jose 4-plex for 1.5M. Certainly the rent will be much more.
http://www.loopnet.com/Listing/19851708/1660-De-Rose-Way-San-Jose-CA/
Yeah, not too bad if the rents are good. Is that price going to hold mostly or will something like that go way more over asking? I was just happy to see San Leandro selling. I figure it is a good sign for me in Oakland.
Go on loop net to search for multi family. Way more selections there. Saw one 3-plex for 500K or so that rents for 3800 a month, near the San Leandro border.
Gosh, really? Geez, should be cash positive on that right? Thanks for the tip. I might see if there is anything in Newark and Fremont. More expensive for sure but maybe worth it if the area gets hot.