According to Carole Rodoni, former President of Alain Pinel Realtors and one of the brightest minds in Real Estate, 2015 will be a great year for Real Estate in the East Bay! The Silicon Valley is still driving the Bay Area and more and more people who work down there are moving north into Alameda County to live in places like Fremont, Hayward, Pleasanton and Livermore. Many other people are looking to invest into Real Estate also as Alameda County has some of the most affordable regions in the East Bay.
A great investment opportunity is 2-4 unit properties as they offer better returns than condos or single family homes, but also can be purchased with conventional 1-4 unit financing (properties over 5 units have to be purchased with commercial loans).
I have a great new 4-plex listing that may make an excellent “hands off” investment. It consists of 4 large 2BR/2BA units in a professionally managed development. It is close to downtown, wineries, and great schools. The price is $1,450,000.
To get a better feel for this property, check out the virtual tour at www.virtualtourcafe.com/tour/3385745.