Ask an Expert (Alexander Clark), Investment Property in Mission Bay?

“Can I ask what your opinion is about buying an investment property
down at the mission bay area now? You know, the ones like on King or
Berry street. Do you think those prices are coming down and do you
think they will come down? I saw on your last “sold” list, they were
all under asking. I would think of an investment property for 5-10
years down the line.”
D.C.-San Francisco

_____________________

As answered by Alexander Clark, sfnewsletter
Are you asking specifically about the ones on King or Berry, or that area in general? If you’re buying 5-10 year holds, I’d buy. Prices have dipped and may do so a bit more with all the inventory available down there, but I still think for the time frame you are talking it is a very solid investment. One building I checked out and really like is 170 Off third (not necessarily Mission Bay). There are studio and 1br units under $500k there, that are a Giants lovers dream “pied a terre”. That place has the location nailed as well as the amenities. Wasn’t excited about the granite counters, but those can be switched out.
Thanks for writing in,
alex clark

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