Market Value of a 4 units - Thanks!

[Raffaele Bianchi]

Hi Guys,

I need some suggestion from you if you can! I would need to appraise a Multiunit of 4 units in Oakland, CA 94609 : the sq. ft. is 5231, built it in 1907, and they get a rent of $4200, $3500, $3700 per month being  3 bed, 2 bath; 2 bed, 1 bath; 2 bed, 1 bath .

Would you be able to come up with a Market Value of the Home?! Pass me some suggestions if you can!

Thanks, Raffaele

[Account Closed]

the rents look great but sadly they mean nothing when it comes to appraising it. Value of 4 unit buildings is solely derived from the neighborhood comps and then adjusted for quality and room count. 

Those rents look great and seem extremely high, even in this market.