In November 2011 I toured a 29 unit apartment building located at 156 Estabrook in San Leandro with my clients. It was a very special day because I presented them with a closing gift of a new iPad 2. I came up with the idea of giving the IPad as a closing gift at a signing a few weeks ago, you can read about it in my iPad closing gift blogpost. The day was exciting because I had the gift with me and I had been waiting for the right time to present it to them.

Nick Myerhoff and Link Corkery presenting completing a successful 1031 exchange

Filed under Deals Closed, Investing in Multi-Family, Uncategorized · Tagged with 1031 exchange, east bay invest, multi-family hou, san francisco bay area real estate, san leandro investment property, cash flow property for sale

It seems like after six long years of stagnant rental growth the East Bay has finally got a run up in apartment rents. Driven by the strong tech job market in San Francisco and a flourishing new art and restaurant scene in Oakland, rents are shooting up across Alameda county and specifically in trendy areas of Oakland.
Of the three biggest cities in the Bay Area, Oakland rent increases have toped the charts, most likely due to “spill over” renters who couldn’t afford apartments in San Francisco.
Sarah Bridge, president of RealFacts, feels that apartments in Oakland are still relatively inexpensive compared to apartments in San Francisco. She also keyed in on the fact that Oakland, as an urban core, offers some of the same amenities that San Francisco does. On a relative scale, Oakland rents are still about $800 a month less than San Francisco. (more…)

Filed under Investing in Multi-Family, Market Conditions, Property Management, Stories about Commercial Real Estate, Uncategorized · Tagged with san francisco bay area real estate, real estate in oakland, real estate investment, real estate trend in Bay Area, real estate trend in San Francisco, commercial real estate