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A doge is an elected chief of state lordship, the ruler of the Republic in many of the Italian city states during the medieval and renaissance periods, in the Italian "crowned republics".

The word is from a Venetian word that descends from the Latin dux (as do the English duke and the standard Italian duce and duca), meaning "leader", especially in a military context. The wife of a doge is styled a dogaressa. [1]

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The Kerwood Apartments

32-Unit Apartment Building

1627 High Street Oakland, CA 9 4 6 0 1 

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The Kerwood Apartments is a very well located, professionally owned and operated, 32-unit apartment building comprised of  9  2-bedroom units, 21 1-bedroom units, and a pair of penthouse suites with 180 degree views. This distinctive 3 story building is a landmark of High Street.

Filed under Apartment Building Listings, Investing in Multi-Family, Market Conditions, Uncategorized · Tagged with , , , , , ,

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1550 Bridge Street, Oakland, CA 94601 – IN ESCROW

1550 Bridge Street

1550 Bridge Street

10% Cash on Cash Return Turn-key Remodeled Building! – Offered at $735,000

PROPERTY SUMMARY
The Bridge Street Apartments is a bread and butter, wood frame and stucco, seven unit apartment building. It has high-quality tenants and has been professionally managed. The current owner has spent over 100k in capital improvements over the past three years renovating each unit and painting the exterior. The subject property has garage parking for four cars, is very low maintenance and has some upside in rents. Bridge street is one of the quietest tree lined streets in Fruitvale and is walking distance to BART. This property is located on a corner lot. Additional capital improvements include new tile and flooring, new light fixtures, remodeled bathrooms, and much more!

Bridge Street Rent Roll

Unit      Type      Current Rents
1            2bd        $ 845.00
2           2bd         $ 1,100.00
3           2bd         $ 975.00
4           2bd         $ 975.00
5           2bd         $ 1,047.54
6           2bd         $ 1,099.92
7           1bd          $ 1,000.00
Garage 1             $ 150.00
Garage 2             $ 150.00
TOTAL               $ 7,342.46 (more…)

Filed under Apartment Building Listings, Investing in Multi-Family, Preview properties, Uncategorized · Tagged with , , ,

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Osama and Nick Myerhoff at Macarthur

Nick Myerhoff, Devon Corkery and Osama at Macarthur mixed use building


Saturday I met with Sam (a client and friend) and his wife to show them a very nice little mixed-use building on Macarthur Blvd in Oakland that we have listed. The 5 unit building is offered by PCLC, Inc. at $450k and has 3 apartments over 2 commercial store fronts. The building is in the Dimond District which is a fantastic little commercial corridor on the hillside of Oakland.
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I had the pleasure of listening to Richard Knudsen talk about the apartment market in the Bay Area at the local IMF meeting. Richard is an extremely knowledgable veteran broker who is respected by many in the industry. Later I met with Richard to discuss the multi-family housing market and brokerage business in general. Below are the slides from his talk, please take a look at slide #6, it speaks for itself.

Presented By: Richard Knutson, CCIM

Apartment Forecast 2012 for the San Francisco Bay Area


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Filed under Investing in Multi-Family, Market Conditions, Property Management · Tagged with , , , , , , , , , , , , , , ,

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