Bay Apartment Advisors

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45 Apartment Units on Piedmont / Oakland Border Sell for $9.35MM
11/17/2015
45 Apartment Units on Piedmont / Oakland Border Sell for $9.35MM

45 Apartment Units on Piedmont / Oakland Border Sell for $9.35MM

Bay Apartment Advisors is pleased to announce the sale of 775, 777 & 779 Kingston Avenue in Oakland, CA. The Kingston Avenue Apartments is a forty-five unit apartment complex located on the Piedmont border and is steps from Piedmont Avenue. The property lies on three contiguous parcels with nearly i…

12 Units in Adams Point in Oakland Sells for $4.2MM
11/17/2015
12 Units in Adams Point in Oakland Sells for $4.2MM

12 Units in Adams Point in Oakland Sells for $4.2MM

Bay Apartment Advisors is pleased to announce the sale of 307 Lee Street, a pride of ownership twelve unit apartment building in the Adams Point neighborhood of Oakland, CA. The building is located 2 short blocks from Lake Merritt and a 5 blocks from Downtown Oakland and BART. The three story proper…

More Millennials Living At Home
10/20/2015
More Millennials Living At Home

More Millennials Living At Home

The 18-34 age group is largely living with family or “doubling up” with multiple roommates. What does this mean for the rental market?

Oakland at crossroads of boom times
09/16/2015
Oakland at crossroads of boom times

Oakland at crossroads of boom times

The economy could really take off in a way that harms Oakland’s “cultural dynamism, racial and ethnic diversity, political activism and identity as a welcoming community.” SPUR researchers are convinced that more public art and park improvements will increase commercial, investment and spur resident…

Bay Apartment Advisors's cover photo
09/11/2015

Bay Apartment Advisors's cover photo

Good proposal for land owners and tenants alike
09/11/2015
Tax break for earthquake retrofitting passes California Senate

Good proposal for land owners and tenants alike

A proposed state tax credit for earthquake retrofits passed the Senate on Tuesday, clearing a major hurdle for a bill that would ease the burden of strengthening thousands of at-risk buildings across California.

Bay Apartment Advisors
04/21/2015

Bay Apartment Advisors

01/29/2012

178 Unit Sunny Acres Mobile Home Park in Concord, CA Sells.

January 7th, 2012; Bay Apartment Advisors brokered the sale of 178 Units in Concord California. A private investor has purchased the property located at 1080 San Miguel Road in Concord Ca, which is located 1⁄2 mile from downtown Concord and 1⁄4 mile from the Concord
BART station.
The property sold for $9.3 million, which breaks down to $52,247 per unit and a Cap Rate of 8%.The property consists of 63 (tenant owned Mobile Homes), 28 Park Owned Mobile Homes, 86 RV’s and Travel Trailers.
Joel Kelly of Bay Apartment Advisors, who listed and brokered the property, stated that “the property had been owned by the selling entity for 30+ years who decided to sell the park as a result of partnership restructuring. The property is a well located asset that consists of nearly 15 contiguous acres in the core Bay Area. The buyers plan to add value to the park by restructuring some of the spaces, and redesigning the layout of the park itself. We received numerous offers from out of area buyers and the eventual buyer is a local apartment building owner who saw value in the location and the asset itself”.

01/29/2012

37 Units in Adams Point (Oakland CA) Sells for $4.8million.

January 27th 2012; Bay Apartment Advisors has sold 37 Units at 266 Adams Street in the Lake Merritt area of Adams Point in Oakland Ca. The property, located at the corner of Adams and Lee Streets, sold for $4,800,000 or $129,729 per unit and $144 per square foot. “The property fits perfectly into the buyer’s apartment portfolio; he recognizes the value of Adams Point apartments and more specifically well-constructed properties such as 266 Adams”, said Kristopher Lamont of Bay Apartment Advisors who represented the buyer. This property represents the up-leg transaction of the buyer’s 1031 exchange, in which he sold 15 Units in San Leandro CA, which closed in early January 2012, also brokered by Lamont.

This sale marks the 4th large apartment building in Adams Point brokered by Bay Apartment Advisors, in the Adams Point Submarket in the past 10 Months. The submarket values have remained stable & the rental market has heated up, which has pushed investors back into the market.

The people's republic of San Francisco....
09/08/2011
U.S. court tosses S.F. landlords' Prop. M lawsuit

The people's republic of San Francisco....

A federal appeals court on Tuesday dismissed a challenge by property owners to a voter-approved San Francisco ordinance that prohibits landlords from coercing tenants to move out. The November 2008 ballot measure,...

Once it hits the newspaper, it must be true...
08/11/2011
S.F. apartment rent rises as vacancy rates fall

Once it hits the newspaper, it must be true...

Apartment hunting in San Francisco has turned into a competitive sport with hopeful renters swarming open houses and experiencing more rejections than contestants on "Survivor." "You have to pounce as soon as you see an...

Tech boom causing rising SF rents : On The Block
07/19/2011
Tech boom causing rising SF rents : On The Block

Tech boom causing rising SF rents : On The Block

It's hard to imagine that real estate is revving up in some parts of the bay, when nationally and for much of the bay area, home values are still coasting downward. We've written in the last few...

Tech boom causing rising SF rents : On The Block
07/19/2011
Tech boom causing rising SF rents : On The Block

Tech boom causing rising SF rents : On The Block

It's hard to imagine that real estate is revving up in some parts of the bay, when nationally and for much of the bay area, home values are still coasting downward. We've written in the last few...

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Oakland, CA
94612

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