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Market Conditions in 94611 : Real Estate Advice

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Activity 1
Fri Nov 7, 2008
Serena Russell answered:
The market has a lot of choices right now, even in fourplexes. I recently work with a buyer/investor who was looking for a fourplex. I showed him several in Oakland in the 95601 area. This is a hot rental market, and demand for rentals is high. Typically, a fourplex has more space, larger rooms, larger patios and garden areas. I saw one that was the closest thing to a townhome or large flat. Each unit had an inside laundry room, large kitchen, partial hillside views. Altogether , these were very spacious units............far better than living in a cramped condo or townhome.

My buyer made a good decision in purchasing one of these fourplexes. He found a good loan that would give him positive cash flow. He plans to keep the place for many years. He has retained my services to manage the rental side of the units. As a property manager, I interview and screen tenants very thoroughly. The tenants for the fourplex, were selected very carefully, and I am pleased to say that all four units are occupied at above market rents.

Alison, let me know if you have any concerns about rental property, fourplexes, or any other real estate question. I look forward to hearing from you. Take care. Serena
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