California Inventory: San Francisco & San Jose

2 Replies

On the flip side of things, any rehabbers, local residents or investors care to share any information on what they are experiencing as the distressed property inventory level in San Francisco and San Jose? 

Very little inventory. Mostly cash buyers. If you can value add then you have something. Some areas that are light industrial are going thru a rezoning to residential because of the housing ( lack of) . Google is adding 30,000 new jobs. I would check with local city planners to look into rezoning areas and home in on those.

Originally posted by @Jo-Ann Lapin :

Very little inventory. Mostly cash buyers. If you can value add then you have something. Some areas that are light industrial are going thru a rezoning to residential because of the housing ( lack of) . Google is adding 30,000 new jobs. I would check with local city planners to look into rezoning areas and home in on those.

Teams on the ground may be necessary. It seems properties in some areas of San Francisco are selling in excess of the listed price and properties often requiring moderate or extensive repairs are being bought at prices in excess of ARV. The economics of things in San Francisco is quite a challenge.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here