Please contact me for the "WHY'S" for each of the above named areas.
Thank you for asking a very important question.
C/21 Realty Alliance
As for cap rate, Robert is right that you can find better cap rates elsewhere. But San Francisco's vacancy rate is so low, and rentals in such demand, that you're unlikely to have the down time you may experience elsewhere. I also believe there are ways to maximize your cap rate - for instance knowing who to cater to, and when. For example. right now there are America's Cup rentals going for top dollar. Also so much of our rental stock is rather drab, so if you offered a luxury rental you could name your price.
That said, we've got rent control laws to deal with, an active tenant's union, and most of the cards in the deck stacked against landlords here, so lots to consider.
Appreciation-Condos-South Beach, SoMa, Yerba Buena, Mission Bay
Income-Multi unit buildings Mission Dolores, Noe Valley, Lower Pac Heights
If you'd like a personalized recommendation it would require additional information.
Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.