can you offer any open lot to build my own apartment?

Asked by Lalit Sanghavi, Bernal Heights, San Francisco, CA Sat Nov 28, 2009

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Eric Michael Abrams - California Real Estate Broker’s answer
Eric Michael…, , San Diego, CA
Fri Dec 18, 2009
Why would you want to build in this market? You can buy for pennies on the dollar compared to what it would cost to build, in this "multi-unit economy."

The prices for multi-unit buildings are at levels no one ever thought they'd return to.

I'd be happy to assist, as would any of those who've answered your question below. But if you're determined to build your own, than there are plenty of opportunities available. Contact one of us, and we'll help you out.

Though, it would probably help if you contacted someone who has a good deal of experience in the construction industry, etc.

I've participated in the building of many Bay Area apartment and TIC units, but so have many other agents. Contact one of us, and we'll guide you through the process.

Good luck! Vacant lots are selling at prices that are even more ludicrous than the existing multi-units I mentioned above, so either way now is a fantastic time to get a deal.

Eric M. Abrams
510.332.6314 Direct Mobile
Executive Sales, Leasing, and Investment

"The Bay Area's Record Breaking Real Estate Broker!"*
California Real Estate Broker
DRE License# 01862927

Highland Partners Prudential
342 Highland Avenue
Piedmont, CA 94611

*Mr. Abrams was the selling agent for the most expensive residential property to close in the history of Oakland, California, breaking the previously held record by a wide margin. Having done so in a distressed real estate climate, makes this feat all the more impressive. Mr. Abrams has also set numerous other real estate records, and has personally represented the most expensive residential listing on the Island of Maui when he listed the private sale of a $120-million estate. As a technology leader in his field, Eric has been able to assist his clients with their real estate needs from thousands of miles away, in locations such as Kenya, East Africa, Bogota, Colombia, Kosovo, and Kazakhstan. While an expert in the field of high-end real estate, Eric maintains an active cliental of first-time home buyers and sellers and treats each one of his clients with professionalism and allots unlimited time to answer all of his client’s questions regardless of their position financially or whether or not they’re actively searching for a home. Mr. Abrams is an expert in finance, was a top-ranked professional road cyclist, and is known by his colleagues and clients to be one of the most approachable and patient real estate brokers in the business. Not to be limited to working in the Bay Area only, Eric routinely assists clients throughout the United States and this year alone has flown to New York, Arizona, Maui, Virginia, and throughout California to assist his clients with their real estate needs. Mr. Abrams can be contacted by phone, e-mail or visited in person at his office, where he is happy to discuss your real estate goals, speak about the market in general, or assist in you and your family in identifying and accomplishing your financial goals as they pertain to your investment in your home or multi-unit commercial building. Having participated in numerous TIC formations and large-scale new construction projects, there are few areas of real estate that Mr. Abrams is not intimately familiar with. Residing in the Bay Area with his wife Andrea and his Dog Berkeley, Mr. Abrams also enjoys running, cycling (although no longer competitively), motorcycling, aviation, hiking, backpacking, and camping. On a personal note: “If I may be of assistance or offer you a second opinion, if you’re already working with a realtor, please feel free to contact me at any time, and have a fantastic holiday season!”
0 votes
Fri Dec 18, 2009
Sure, there are a few available... also a couple tear downs.

Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
Web Reference:
0 votes
Cheryl Bower, Agent, San Francisco, CA
Tue Dec 1, 2009
Hi Lalit,

Vacant, buildable land in S.F. can be a challenge to find. It sounds like you want to build multi-units which can add to the challenge since one needs to consider zoning.

Bernal Heights does have a few vacant lots which are zoned for building single family homes & there is one lot which may be zoned for 2 units.

Happy to talk further about your goals. Perhaps what you’d like can be accomplished by purchasing a multi-unit building and renovating it to the studs. There will be fewer hurdles with this approach over starting from scratch.

Best wishes,

Cheryl Bower, Realtor , GRI, ABR
Cell 415.999.3450
Zephyr Real Estate

DRE#: 01505551
Web Reference:
0 votes
Jesse Sierra, Agent, Pomona, CA
Sun Nov 29, 2009
Hello Lalit,
Talk to a local Realtor® or contact me, I work with a large National network of Realtors® to help you out.

Best Regards,

Jes Sierra, B.Sc.
Century 21 Beachside Realtors®
Chino Hills, California
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