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Updated 6 months ago on . Most recent reply
![Kushal Shah's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2487539/1694568401-avatar-kushals16.jpg?twic=v1/output=image/cover=128x128&v=2)
Small Multi-Family market in Bay Area, CA
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
![Gurbeer Sangha's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2377361/1671499283-avatar-gurbeers.jpg?twic=v1/output=image/crop=3457x3457@321x268/cover=128x128&v=2)
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!