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Triplex Oakland CA


               
2011 Jun 20, 6:52am   1,578 views  2 comments

by OnTheFence   follow (0)  

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

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1   corntrollio   @   2011 Jun 20, 7:10am  

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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