All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Companies Hard Money Lenders Contractors Investment Companies

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowOakland Real Estate ForumArrowBrick Foundation - Oakland CA
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

Brick Foundation - Oakland CA

13 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
  • Posts 194
  • Votes 177

DG A.
from Oakland, CA

posted over 1 year ago

Hey Guys, 

I'm considering a building that has a brick foundation. It looks good because I think I can get to a PITI of $3857/month. And I have a plan that could get the rents to $5200/month.

The issue is that the building was built in 1903 and has a brick foundation. It's a very old victorian. Has anyone here replaced or brought up to code a brick foundation? What's the cost of that? And What's the process like?


Is a brick foundation a deal-breaker? Or, is this property a gem covered in dirt and a little hard work?


Any recommendations for a good foundation contractor here in the bay area to keep in the back pocket?




Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Team and Maintenance
  • Posts 926
  • Votes 524

Jim Goebel
Real Estate Investor from Des Moines, IA

replied over 1 year ago


@DG A.

I definitely don't think it's a deal breaker.  Like any foundation, you want to look for signs of stress, water, or shifting.  Some pure brick ones hold up great.  Others, not so much.  Our first purchase in the Des Moines market had a brick foundation in pretty good shape, and it was built in the early 1900s.  I can't speak to your local codes, but I can opine that if your AHJ 'makes' folks replace a perfectly good brick foundation, they are not adding any value or helping anyone.  Of course, that wouldn't be the first time!!!

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Flipping and Maintenance
  • Posts 285
  • Votes 224

Blake Edwards
Real Estate Agent from Brentwood, CA

replied over 1 year ago

@DG A. - Does the property have any inspections on file?  Is it absolutely necessary to perform work to the foundation?  If not, I would leave it and save your money.  If it does need some work, that is a bargaining tool for you and your agent to play when negotiating.  We have concrete contractors who can do this work, but if the cost is too much, it may be worth the negotiations on the front end.  Good luck! 

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Managing Tenants and Flipping
  • Posts 1.2K
  • Votes 884

Elliott Elkhoury
Rental Property Investor from Sacramento, CA

replied over 1 year ago

I've seen brick foundations with full basements in the indiana rentals that I purchase, 1900ish construction as well. The ones that appeared to be in good condition during inspection have been fine. If they're brick foundations, and don't appear to have been replaced, and are still in good condition after 100+ years and not showing signs of diminishing structural integrity... well that sounds like a good foundation to me!

I can't speak to whether they're not up to code in Oakland. I don't see why they wouldn't be... 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 119
  • Votes 77

Katie P.
Real Estate Agent from Oakland, CA

replied over 1 year ago

@Diana George can't you just cap the brick foundation in Oakland? Also @DG A. how big/many stories is this building? 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 194
  • Votes 177

DG A.
from Oakland, CA

replied over 1 year ago

@Katie it's a 2-story building. That sure would be nice to be able to just cap it...

Rotate Log in or sign up to reply
user profile avatar
  • Posts 1.5K
  • Votes 1.5K

Amit M.
Rental Property Investor from San Francisco, CA

replied over 1 year ago

1- Not all insurance carriers will cover bldgs with brick foundations. 2- If it needs to be replaced, it’s a major PITA and costs ALOT of $$$. 3- It could get severely damaged in an earthquake. 4- Not all buyers will buy bldgs with brick, so limits your market.

Bottom line: I avoid them for long term holds, especially due to earthquake risk. 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 8
  • Votes 10

Anthony Paulos
Investor from Oakland, CA

replied over 1 year ago

Adding to everyone else, it really depends on what's necessary or not.  If the brick is in good condition and the floors above show no signs of major settlement, I'd say just leave it as is.  Technically speaking though @Amit M. is right.  Brick is terrible in an earthquake and is really susceptible to damage.  But if you think about it, it's survived some pretty major earthquakes so far... :)

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Team, Single Family, and Maintenance
  • Posts 63
  • Votes 43

Hans Christopher Struzyna
Real Estate Agent from Oakland, CA

replied over 1 year ago

Hi @DG A.  There are a ton of brick foundations in Oakland and the greater east bay. I find that inspectors will often tell you two things. 

1. It's not up to code and doesn't meet current seismic requirements (CYA)

2. Its been here for a long time through a number of seismic events and its still standing. 

There are a ton of ways to work on a brick foundation. The first thing you will want to check is the historic maps in Oakland. You said its a victorian and depending on what area it located in, you could be subject to some serious historic preservation requirements which could require up to 12 months of permitting before any engineering takes place. Check the address here: http://oakgis.maps.arcgis.com/...

The reason that is important is that if you are to replace the foundation, you will inevitably lift the house up to replace it. Generally, the city code allows for up to a 12-inch lift without triggering issues with the historic preservation part of the code (because modern foundation have, among other things, mudsills, which end up being taller than old brick foundations). Either way, you will likely have to do something with the front steps and a potential setback issue as a result. 

Overall, a complete foundation rebuild should cost ballpark $150-175/linear foot. That does depend on a number of factors, as you can see above. Bottom line is that this kind of property can be an amazing deal but it starts with its location and stems from there. Please feel free to DM me with any questions or for a few engineer/contractor recommendations. 

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Residential, Traditional Financing, and Team
  • Posts 1.8K
  • Votes 1.8K

Brian Garlington
Realtor from Oakland CA

replied about 1 year ago

@DG A.    Did you end up buying the two story?

Rotate Log in or sign up to reply
  • 1
  • 2
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Brian Garlington
Brian Garlington
Oakland CA
10.0
Score
Jason P.
Jason P.
Bay Area
10.0
Score
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.