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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Recently I had the opportunity to see my friend Mark Lipsett from Pacific Western Bank speak about the East Bay Multifamily Outlook in 2017, and more generally, the state of the multi-family market. This was put on by our trade group East Bay Rental Housing Association, EBRHA which is a fantastic resource for anyone owning income property in Alameda county.
Mark is a banker, so this was delivered through a lending lens, which is to say a relevant one based on data from his institution.
My big takeaways from the talk were the following:

  • Rates are up 33% since the election
  • The vacancy rate is up from 4.2% to 4.7%
  • Construction permits are down 15% from last year

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Link Corkery has been tracking Bay Area job growth for over two decades. His findings have been the subject of many of his RHANAC (Rental Housing Association of Northern Alameda County) articles and analysis. We have found that by studying the trends in employment we can predict movement in the rental market.
Link predicted that rents would begin going up in 2005, and in November 2008 he accurately predicted that rents would peak that year. In November 2009 he stated that the East Bay rental market was currently going through the worst of the downturn and anticipated it would soon start a recovery. (more…)

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We just listed this 5-unit apartment building in San Leandro and the first showing was great. We had about a dozen prospects come to look at the property which consists of four townhouse style 2 bedroom units and one 1 bedroom unit.

San Leandro 5-unit building for sale

San Leandro 5-unit building for sale


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I went to my apartment building in Oakland California today to see a unit which we were turning over and stumbled across a super savvy couple who are flipping houses. It turns out they are updating and flipping the house right next door to my apartment at 5300 Walnut St in Oakland.

Dan and Martha of Marlee Properties

Dan and Martha of Marlee Properties with Nick Myerhoff at 5300 Walnut Street in Oakland


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