All Forum Posts by: William G.

Thanks all for the quick responses!

@Ouman You I appreciate the advice. That said, I've been an owner/manager/resident in SM since 2013 and am very familiar with the pros and cons.

@Bjorn Ahlblad Thanks! I've had good turnover and fortunately chose great tenants in my existing property. Good luck in WA!

@Jon Schwartz Thats a great idea! Thank you for the helpful suggestion!!

Hi BPers! I own a small 6 unit multifamily in Santa Monica CA. My neighbor recently informed me that they may have to sell the slightly larger (8 unit) multi next door. Im considering making an offer before it goes public.

This purchase could be a great addition to my portfolio for several reasons. There should be decent cash flow and appreciation and it being directly next to my other property makes it much easier to manage.

My question is: How, if possible, can I predict what kind of added value there is in having a double lot? 

My thought is that at some point down the road it may be worth much more to a developer who wants to build larger. Ive seen this done on my block and in other areas.

Any thoughts on this would be great! Thanks!!