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525 Walnut St, San Carlos, CA 94070

By pkowen   Follow   Sat, 9 Oct 2010, 11:35am   743 views   2 comments
In San Carlos CA 94070   Watch (0)   Share   Quote   Permalink   Like   Dislike  

I am noticing a few multi-unit apartment buildings going up for sale. Some actually seem to have positive cash flow. Any thoughts why they are going up now?

http://www.redfin.com/CA/San-Carlos/525-Walnut-St-94070/home/1616343

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1. Patrick Follow Befriend (54) 5,191 threads 6,158 comments 46 male Menlo Park, CA

   1   3:01pm Sat 9 Oct 2010   Share   Quote   Permalink   Like   Dislike   I can believe that these have positive cash flow, since the density of rent-paying people is pretty good in them. Any idea of the rents and the price for such a building?

2. pkowen Follow Befriend 30 threads 555 comments San Carlos, CA

   2   8:18pm Sat 9 Oct 2010   Share   Quote   Permalink   Like   Dislike   Per Redfin they're asking $2,650,000 Also: # of 1 Bed 1 Bath Units: 8 Min Rent for a 1 Bed 1 Bath Unit: $900 Max Rent for a 1 Bed 1 Bath Unit: $1,025 # of 2 Bed 1 Bath Units: 4 Min Rent for a 2 Bed 1 Bath Unit: $1,150 Max Rent for a 2 Bed 1 Bath Unit: $1,400