There are affordable apartment units all over Oakland, you just have to look past the lies.
Oakland, California, and America, is in the middle of The Pandemic, where a deadly virus, still of unknown origin, has thrown our economy into a downward tailspin:
• 34 percent of American economic production value was wiped out in 2020;
• The Real Unemployment Rate climbed to 22 percent, a rate not seen since the Great Depression;
• The Labor Force Participation Rate is down to 60 percent, a rate not seen since 1977.
• The Pandemic has become the 3rd greatest cause of death in America;
• Over 100,000 people have relocated out of San Francisco, to date.
• Homicides and robberies are at record levels in Oakland, and in many American cities.
And with all of that, a number of Oakland landlords are acting as if there’s still money out there to be gotten, asking for $3,000 per month rent, when many can barely afford $1,500 a month. I have several friends in the real estate industry in Oakland who have told me they can’t see leasing a unit on Lakeshore, with a Lake view, for less than $3,000 per month rent, only to have to drop their ask to $2,000 per month rent, then $1,500 a month rent.
The truth is that “Vacancy is through the roof,” said Sid Lakireddy, president of the California Rental Housing Association, to CalMatters, “The market’s beaten up.” But there’s opportunity in chaos.
Want proof? Look at the website Apartments.com, as of the date of this blog post (Note: Apartments.com is and Nook on Valdez are not a content clients of Zennie62Media, publisher of Oakland News Now.) Let’s see some of their offerings:
Nook on Valdez has a studio at 2425 Valdez, Oakland, CA Studio $1,260 – 1,725. Plus, get this: they are offering 4 Weeks Free on select apartments!
And here’s what’s available at that address 2425 Valdez, which is near Broadway and 27th:
Studio 1 Bathroom $1,260 – 1,295 175 Sq Ft FLOOR PLAN G Available Now
Studio 1 Bathroom $1,260 – 1,295 175 Sq Ft FLOOR PLAN G Available Now
Studio 1 Bathroom $1,310 – 1,390 181 Sq Ft FLOOR PLAN E Available Now
Studio 1 Bathroom $1,310 – 1,345 181 Sq Ft FLOOR PLAN E Available Now
Studio 1 Bathroom $1,355 – 1,390 181 Sq Ft FLOOR PLAN E Available Now
That’s just one of what Apartments.com says is 127 listings, but that only goes by address; there were 10 examples of units at that address, all under $1,500 in rent.
If you have a unit or units in Oakland you want to inform the public about, just email [email protected]
Stay tuned.