someone asked me would this be a good deal or not, i think it's still lacking informtion, what do you all think

[Thomas Manuel]

Asking $2,400,000 for 8 Properties - 11 Units, SFR, Section 8 tenants, Annual Rent $202,150, buyer must participate in seller's 1031 exchange

location: Oakland, CA

[Perry L.]

Let me guess. The Seller's base is around 2 million including rehab costs. It is a market price if most of properties are in East Oakland. It would be a good deal if they are in West Oakland. Both are war zones. But West Oakland is in progress at a fast pace due to the its proximity to San Francisco and UC Berkeley.