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This is the same area as the property mentioned in the other thread (http://patrick.net/?p=827537). The rent seems quite a bit more aggressive on this place than that mentioned on the properties in that thread. I can't believe someone paid $749K for this in 2005 -- the math never worked on this one.
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Another good opportunity in Oakland.
Triplex, generating $4,500 in rent. On the market for $349k.
http://www.redfin.com/CA/Oakland/59-Hamilton-Pl-94612/home/1929238
Really curious to see how much this one goes for.
I've been looking at multi-family options in Oakland, the past few months haven't really seen much inventory under $425k. In the past few weeks though there have been a couple hitting the market that appear to be great opportunities.
What do you think this will sell for?
SF