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Updated 6 months ago on . Most recent reply

User Stats

7
Posts
2
Votes
Kushal Shah
2
Votes |
7
Posts

Small Multi-Family market in Bay Area, CA

Kushal Shah
Posted

Hi All,

I am new investor based in Bay Area CA, looking to invest in small multi-family (Duplex/Triplex). What I am noticing in the Bay Area is most small multi-family is really old construction around 70-80 years old. Do you think its worth investing in these older properties in the Bay Area from resale stand-point? Do people invest in them with particular strategies in mind (development project down the line)? 

Other question - From a rental income stand-point, its not going to cover the mortgage payment entirely since the prices are so high. Is counting on appreciation the only strategy in a market like this, or are there points of view?

Thanks in advance for taking the time to respond.

Best,

Kushal

Most Popular Reply

User Stats

58
Posts
41
Votes
Gurbeer Sangha
  • Realtor
  • Fresno, CA
41
Votes |
58
Posts
Gurbeer Sangha
  • Realtor
  • Fresno, CA
Replied

Hi Kushal!

Welcome to BP! The Bay Area is a very hard place to have cash flow. Even breaking even is a blessing there. Most investing strategy in the Bay is just appreciation.

If you're interested in appreciation and cash flow, the Central Valley will be a great bet. Especially with all the people that moved from the bay and LA into the valley during COVID. I have been doing really well investing here and I have a few clients from the bay area that I help invest here in the valley. Feel free to reach out if you want help investing here! 

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