I'm starting to dig in pretty closely to a small multi-family deal in Fruitvale. I don't know the area very well, and am being sold on the location as a 15-minute BART ride from downtown SF and a going-in per door basis that definitely has some future growth wiggle room on a long term hold.
That thesis resonates with me, but it's tough to proxy these rents. How much sh**tier is this area vs. downtown Oakland? What do you think the nominal rent discount is there, and what other areas would you comp off of for rents? Is all the redevelopment in Alameda going to boost that area in the next couple of years, or not necessarily?