Commercial Multifamily in Oakland/San Fracisco

[Raju Balakrishnan]

I am negotiating for small apartment complexes in Oakland. The rents are down at least 20% now. There are more supply of deals. It is possible to break even and be slightly cash flow positive with a 25% financing for multi-families (immediate cash flow is rare in bay area in general)

My plan is based on the belief that as the tech companies reopens (most of them are planning to be) the area rents should bounce back to the original in 1-2 years. If you can hold through the time with current rents you will be fine.  And there can be upside once market bounce back. For others here, how do you feel about the area? Is it a good time to get into a commercial multifamily? (Othner Oakland multifamily investors here?)