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525 Walnut St, San Carlos, CA 94070


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2010 Oct 9, 4:35am   2,202 views  2 comments

by pkowen   ➕follow (0)   💰tip   ignore  

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   2010 Oct 9, 8:01am  

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   2010 Oct 9, 1:18pm  

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

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