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Cap Rate VS Gross Rent Multiplier
An investor recently asked: How do I evaluate Capitalization Rate on an apartment building priced at $1.3m with gross rents of $84,000? The Capitalization Rate of an apartment building is used to...
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Nick driving and selling property
Last year (2010) I was working hard to sell this 32 unit building located at 2701 High Street in Oakland. This was leading up to our first broker’s open house. I was optomistic, however we only had...
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Complete 1031 Exchange
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...
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SOLD – The Kerwood Apartments – 32-Unit Apartment Building
The Kerwood Apartments 32-Unit Apartment Building 1627 High Street Oakland, CA 9 4 6 0 1 Click to view slideshow. The Kerwood Apartments is a very well located, professionally owned and operated,...
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Apartment Forecast 2012 – San Francisco Bay Area
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...
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SOLD – 2315 Telegraph Ave, Oakland, CA 94612
2315 Telegraph Ave, Oakland, CA 94612 For Sale $740,000 2315 Telegraph Avenue, Oakland, CA 94612 Telegraph Uptown Apartments is a uniquely styled 9 unit building built in 1944. It features 3 1bedroom...
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Rental Market in San Francisco is on Fire
The rental market in San Francisco has been on fire for months. I first noticed the trend around March 2011 when I called to get information on a nice little apartment building for sale in the...
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SOLD – 1550 Bridge St. 7-Units Oakland
1550 Bridge Street, Oakland, CA 94601 – IN ESCROW 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...
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Bay Area rents are rising in 2012
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...
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The T-Note and the 60-year rate cycle
Recently, I’ve been privileged to read the Realty Almanac put out by Realty Publications and First Tuesdays. Who is First Tuesdays and why the cryptic name? They are a California real estate trend...
View ArticleCalifornia Accessory Dwelling Units
The next California Gold Rush? Let’s talk about Accessory Dwelling Units (ADUs). Are they right for you? You know them as carriage houses, granny flats, mother-in-law suites, or duplexes. The official...
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