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Author
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Topic: Pittsburg / Bay_Point Homeowners & Renters
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Luke87GT
Lay'n more stripes
than Caltrans
Member # 21
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posted
 
 
Hi Folks,
It seems like there are quite a few people on this forum who are living in this area.
I have considered purchasing 2nd property in this area, specifically within 2-3 miles of the Pitts/BayPoint BART station, and was hoping to get some recommendations on desirable areas.
I've checked out the area myself and particularly like the neighborhoods just southeast of the BART station (just south of W Leland and just east of Bailey - near Hillsdale Park). It looks like these are 3 bedroom homes with ~1300 or so sq-ft and ranging in price from about $100/sq-ft to $125/sq-ft.
For the folks who live there, is BP or Pitts typically more desirable? And is north or south of Highway-4 typically more desirable?
I'm also seeking out a good real estate agent that specializes in that area, so any recommendations would be appreciated.
Thanks,
Luke
[ October 26, 2011, 04:55 PM: Message edited by: Luke87GT ]
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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BIGBALLFACTOR
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Member # 7277
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posted
quote:
Originally posted by Luke87GT:
Hi Folks,
It seems like there are quite a few people on this forum who are living in this area.
I have considered purchasing 2nd property in this area, specifically within 2-3 miles of the Pitts/BayPoint BART station, and was hoping to get some recommendations on desirable areas.
I've checked out the area myself and particularly like the neighborhoods just southeest of the BART station (just south of W Leland and just east of Bailey - near Hillsdale Park). It looks like these are 3 bedroom homes with ~1300 or so sq-ft and ranging in price from about $100/sq-ft to $125/sq-ft.
For the folks who live there, is BP or Pitts typically more desirable? And is north or south of Highway-4 typically more desirable?
I'm also seeking out a good real estate agent that specializes in that area, so any recommendations would be appreciated.
Thanks,
Luke
3 square miles around bart are some of the biggest dope tracks an high crime areas of west pittsburg/pittsburg
Posts: 6908 | From: okc | Registered: Dec 2006
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trickflow211
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Member # 8503
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posted
Don't go south of freeway towards west pitt or bay point , stay in oak hills or towards golf course
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1990 Cobra Clone 421 Tq 420 Hp
Need General Contractor Services? 925-338-5422 serving East Bay Area over 20yrs
Posts: 2449 | From: Pittsburg/Sacramento | Registered: Jul 2008
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Pittsburg Mustang Owner
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Member # 6100
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Some of you folks need a better sense of direction. South of the BART station is the newer homes. The section he is specifically referring to are the dope cribs near San Marcos.
Nice house from when I've driven by and I've personally never heard of ANYTHING bad in those homes.
Posts: 1019 | From: Pittsburg, CA | Registered: Oct 2005
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Adam5.0
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Member # 6995
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posted
gun point lol
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want something old and japanese
Posts: 1609 | From: Brentwood | Registered: Aug 2006
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BIGBALLFACTOR
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Member # 7277
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posted
quote:
Originally posted by Pittsburg Mustang Owner:
Some of you folks need a better sense of direction. South of the BART station is the newer homes. The section he is specifically referring to are the dope cribs near San Marcos.
Nice house from when I've driven by and I've personally never heard of ANYTHING bad in those homes.
The area you are talking about is west bound from bart south of bart is 110 bailey,north broadway.the area luke is lookking at is my hood that i grew up in an it was knowing for the dope trade an jacking fools
Posts: 6908 | From: okc | Registered: Dec 2006
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Luke87GT
Lay'n more stripes
than Caltrans
Member # 21
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posted
Thanks for the reply guys.
Interesting... this is the first time I am hearing anything bad about the Hillsdale Park area.
Do you have any other recommendations around there?
I expect crime to be a bit higher near BART, but I still think from a rental standpoint that this convenience is more desirable than getting way out there to the east.
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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trickflow211
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Member # 8503
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posted
quote:
Originally posted by SS396 chevelle:
quote:
Originally posted by Pittsburg Mustang Owner:
Some of you folks need a better sense of direction. South of the BART station is the newer homes. The section he is specifically referring to are the dope cribs near San Marcos.
Nice house from when I've driven by and I've personally never heard of ANYTHING bad in those homes.
The area you are talking about is west bound from bart south of bart is 110 bailey,north broadway.the area luke is lookking at is my hood that i grew up in an it was knowing for the dope trade an jacking fools
ya this was my idea of south of fwy also, = 110 bailey, west pittsburg, deanza, old projects etc...san marcos is right above bart, the houses r nice, i feel the neigborhoods are going to shit, they are becoming very ghetto...alot of break ins and house licks....
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1990 Cobra Clone 421 Tq 420 Hp
Need General Contractor Services? 925-338-5422 serving East Bay Area over 20yrs
Posts: 2449 | From: Pittsburg/Sacramento | Registered: Jul 2008
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dvuspny
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Member # 10949
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That's due to all the foreclosures in Contra Costa County. Neighbor hoods are changing everywhere. Relocating people doesn't help either. Budget cuts on police forces and patrol areas are also affected. Money in this economy runs this entire aspect in circles. It sucks!!! You will find a good investment in real estate out this way....the commute is the biggest thing that sucks. good luck. Don't give up.
[ October 27, 2011, 02:16 PM: Message edited by: dvuspny ]
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* -DV8- from the just the "norm." *
DVUS MOTORSPORTS ALBUM - http://s1193.photobucket.com/albums/aa349/Dvus_Motorsports/
Posts: 1221 | From: ~BAY AREA~ | Registered: May 2011
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Luke87GT
Lay'n more stripes
than Caltrans
Member # 21
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posted
quote:
Originally posted by dvuspny:
That's due to all the foreclosures in Contra Costa County. Neighbor hoods are changing everywhere. Relocating people doesn't help either. Budget cuts on police forces and patrol areas are also affected. Money in this economy runs this entire aspect in circles. It sucks!!! You will find a good investment in real estate out this way....the commute is the biggest thing that sucks. good luck. Don't give up.
Thanks for the reply.
I actually just started the hunt so I am trying to gain some familiarity with the area. Close proxomity to BART is how I am trying to minimize some of the hurt of the longer commute. But again, this will be a 2nd home.
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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LOCKDOWN
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Member # 4768
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posted
I would stay away from P-town!! I'm in brentwood and I couldn't be happier, also Bart should be here soon!! Good luck Luke ![[patriot]](graemlins/patriot.gif)
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saleen cobra' 687rwhp on procharged setup.New setup,Race turbo motor,t91' turbo cobra' 1xxx rwhp @ mid boost. ,lockdown,
Posts: 521 | From: east bay | Registered: Aug 2004
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Luke87GT
Lay'n more stripes
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Member # 21
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posted
Why stay away from Pitts?
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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BUKSING
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Member # 6594
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I work in p-town on willow pass rd between railroad and bailey and take Bailey to concord/walnut creek all the time. The burg and baypoint ain't even cool. I'd never move out there. The real east bay is where it's at. My commute is actually an hour to get to work.
Posts: 1571 | From: 510 | Registered: Mar 2006
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stanger50
20yr club
Member # 1665
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posted
$100-125 per sq ft? Thats low for what I paid in newark. Think I paid around $225-260 per.
GL Sir!
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1998 Cobra SVT convertible
Bright Atlantic Blue (1 of 247)
20 year club.
Posts: 1318 | Registered: Aug 2002
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FOXX5.0
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Member # 9094
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Come on guys I stay in west pittsburg I been here all my life its not that bad but the nicer homes is by bart like san Marcos oak hills. Good luck dude
Posts: 1554 | From: (~__~) | Registered: Apr 2009
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BIGBALLFACTOR
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Member # 7277
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posted
quote:
Originally posted by FOXX5.0:
Come on guys I stay in west pittsburg I been here all my life its not that bad but the nicer homes is by bart like san Marcos oak hills. Good luck dude
I grew up in west pittsburg to back in the late 80 an 90 an was a crime infested shit hole then an still is
Posts: 6908 | From: okc | Registered: Dec 2006
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Pumpkin_Notch
TEAM PLATINUM
Member # 3946
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posted
My boy lives off of bay point and some one was just killed in his area not to long ago. Also he's been at gun point for his back pack going to work to get on bart. He says there's alot of crime in his area.
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Posts: 2790 | From: RICHMOND/sanpablo | Registered: Dec 2003
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Adam5.0
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Member # 6995
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posted
I would look at antioch or brentwood if you are looking for something in that area. Antioch isnt as good as it used to be but there are still some good areas. a little longer commute but I dont think you will get many renters in the area you are looking at. I dont know many people who would want to raise a family in bay point. I would think a single person would only care about how close to bart the homes are, put I dont know why a one person would rent a three bedroom house.
you can find some deals in brentwood my girlfriend just picked up a 4 bedroom house about 1900 sq. feet in brentwood for 215k. the house is in great shape move in condition
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want something old and japanese
Posts: 1609 | From: Brentwood | Registered: Aug 2006
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89point.
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Member # 6078
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posted
why dont you just look at concord?? homes are decently priced, neighborhoods are better and safer and easier to rent out plus a lot of these houses are close to schools so you can rent to that type of family instead of drug dealers.
antioch is getting worse and worse every year, i wouldnt pick anything upp in pitt or antioch.
Posts: 2727 | From: martinez | Registered: Oct 2005
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Luke87GT
Lay'n more stripes
than Caltrans
Member # 21
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posted
I appreciate all the responses and they are eye opening certainly.
For starters, I certainly don't expect this area to be the safest or have lowest crime. It's priced at what it is for a reason. You get a lot of real estate for not a lot of money at the compromise of longer commute and higher crime.
Pitt/BP and Vallejo have the highest annual rent to mortgage ratios in the entire Bay Area. A big reason for that is that this is predominantly a low to lower middle class region where rampant foreclosures are reducing the rental supply and people don't have down payment to buy a home themselves which is why investors are coming out on top (another example of the rich getting richer).
There is not a region in the Bay Area accessible to BART where your money will go further than Pitt/BP. There are some regions in Oakland and Richmond where the price per sq/ft is comparable, but you will not get the same quality. Of course, as a result, there will be some compromises.
From what I am gathering, the rental market further east into Antioch/Oakley is not as strong and since this is an investment property, that's a huge objective of mine.
I'm just trying to gauge how bad it really is. Obviously you pass a point where no matter how cost effective it is or how high the rent:price ratios are, it's just too dangerous and not worth it. This is why I am not looking at East Oakland and not looking at Richmond's Iron Triangle for instance, even though the price per sq-ft is comparable.
So far, I've gotten quite a bit of mixed opinions but there certainly is no shortage of investors buying up properties in Pitt/BP at the current pricing levels which is a good sign.
And for the Concord recommendation, there is a HUGE premium in Concord over Pitt/BP in price per sq-ft. Of course it is a more desirable city, but it would take me 10yrs to make back my down payment in Concord compared to 5yrs in Pitt/BP given the current rental market conditions.
For comparison sake, I live in the Oakland Hills and my mortgage exceeds what I can rent the place out for. This is typical of more affluent area. So when it comes to my current house, I am speculating on the housing market eventually rebounding (which I don't expect will happen for 5-8yrs).
Lot's of research has gone into this on my part (on paper), but it's the experience within the area that I am looking at that I am not too familiar with.
Keep the replies coming guys! Much appreciated.
[ October 28, 2011, 10:31 AM: Message edited by: Luke87GT ]
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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venomous99
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Member # 1917
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posted
quote:
Originally posted by stanger50:
$100-125 per sq ft? Thats low for what I paid in newark. Think I paid around $225-260 per.
GL Sir!
comon bro..thats like comparing rotten apples to oranges.
Posts: 4811 | From: dc | Registered: Oct 2002
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turbo50
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Member # 6700
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posted
You looking to purchase a summer home Luke?
LOL, seriously I lived in West Pitt for years and it was, is and always will be a cheap shit hole..........
I have rental property outside of the bay area and it does great. Cheap too!
Dan
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.........when was the last time YOU built something with YOUR own hands?
I offer quality sidework at reasonable prices. PM ME
Posts: 7606 | From: Discovery Bay, California | Registered: Apr 2006
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Luke87GT
Lay'n more stripes
than Caltrans
Member # 21
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posted
quote:
Originally posted by venomous99:
quote:
Originally posted by stanger50:
$100-125 per sq ft? Thats low for what I paid in newark. Think I paid around $225-260 per.
GL Sir!
comon bro..thats like comparing rotten apples to oranges.
Some people may not be familiar with the BP/Pitt/Antioch areas...
While places like Concord, Hayward, Fremont, Newark are cost effective at ~$200-250/sq-ft, BP and Pitt are on a whole other map... 50% lower...
Price per Sq-Ft:
BP - $115
Pitt - $110
Pinole - $185
Concord - $195
Hayward - $193
Newark - $256
Oakland Hills - $400
Monthly Rent per Sq-Ft:
BP - N/A
Pitt - $1.10
Pinole - N/A
Concord - $1.31
Hayward - $1.22
Newark - $1.36
Oakland Hills - $1.83
(data courtesy of zillow.com)
You can see that from an investment stand-point, BP and Pitt are the way to go. Of course it all is a moot point if I get shot, lol.
So what does this mean? Well, if we take Pittsburg/BP as a reference and compare it to Concord for instance... Even though Concord is 77% more expensive to buy a house in, you can rent your Concord house for only 19% more than Pitts/BP!
What if we compare Pittsburg/BP to Oakland Hills? Even though Oakland Hills is 264% more expensive to buy a house in, you can rent your Oakland Hills house for only 66% more...
Affluence and safety never sounded more expensive to me than it does now! Wow!
Lastly, I have to admit, this is a bit concerning when cafords members are bad mouthing a city... I have seen the level of broke down primered foxbodies that have received a "that's cleeeeeeaaan" comment on this site.
[ October 28, 2011, 11:38 AM: Message edited by: Luke87GT ]
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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Luke87GT
Lay'n more stripes
than Caltrans
Member # 21
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posted
quote:
Originally posted by turbo50:
You looking to purchase a summer home Luke?
LOL, seriously I lived in West Pitt for years and it was, is and always will be a cheap shit hole..........
I have rental property outside of the bay area and it does great. Cheap too!
Dan
Hey Dan, throw us a bone huh, lol.
Where did you buy your investment? And without getting into absolute numbers, what is your annual rent/annual mortgage ratio there?
[ October 28, 2011, 11:40 AM: Message edited by: Luke87GT ]
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Stangless
Posts: 7802 | From: San Mateo | Registered: Jul 2000
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turbo50
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Member # 6700
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posted
quote:
Originally posted by Luke87GT:
quote:
Originally posted by turbo50:
You looking to purchase a summer home Luke?
LOL, seriously I lived in West Pitt for years and it was, is and always will be a cheap shit hole..........
I have rental property outside of the bay area and it does great. Cheap too!
Dan
Hey Dan, throw us a bone huh, lol.
Where did you buy your investment? And without getting into absolute numbers, what is your annual rent/annual mortgage ratio there?
Valley Springs.
I dont understand your ratio dealio, I bought the property with cash at auction and rent it for $1,000 a month.
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.........when was the last time YOU built something with YOUR own hands?
I offer quality sidework at reasonable prices. PM ME
Posts: 7606 | From: Discovery Bay, California | Registered: Apr 2006
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