Reviews & Listings By: Michael Thomas
About Michael Thomas: Before founding Wheelhouse, Michael worked with Hendricks & Partners where he was the #1 transacting broker in Oakland, and top 3 in the Alameda County market. Michael started his brokerage career with Arroyo and Coates where he was named Senior Associate within nine months. He is on the board of directors for Oakland's Association of Realtors, the Asian Real Estate Association, is an active member of RHANAC and is an advisor to an entrepreneur network in San Francisco. He lived in China in the mid-90s where he achieved fluency in Mandarin Chinese, graduated from Bucknell University where he also played four years of Division I soccer. Michael owns apartments in San Francisco and resides in Marin County with his wife and two children.
"Wheelhouse was created out of sheer necessity. I found that I was spending a disproportionate amount of time collecting sales data, doing rent surveys, and creating complex investment analysis, while my real value to clients was in spending time with them to learn about their investment needs. By designing and maintaining the world's greatest brokerage platform, we have eliminated 95% of the donkeywork to enhance the brokers' ability to deliver timely, accurate service."
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4110 Howe St, Oakland
Listed By:
Matt Treadway (415) 508-3743
Reviewed On: 2010-07-29
| Listing Price: |
| $850,000 |
Units: |
5 |
| Price/Unit: |
| $170,000 |
Price/SqFt: |
$184 |
| Cap Rate: |
| 6.56% |
GRM: |
10.65 |
A Wheelhouse Listing!
The Wheel Deal: Spacious five unit building with turn of the century charm. Old world detail shines throughout the property. Three parking spaces, laundry, and dishwasher in most units. A rare property in this neighborhood.
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1220 Walpert St, Hayward
Review By:
Michael Thomas (415) 367-3691
Reviewed On: 2009-02-11
| Listing Price: |
| $6,895,000 |
Units: |
53 |
| Price/Unit: |
| $130,094 |
Price/SqFt: |
$183 |
| Cap Rate: |
| 6.50% |
GRM: |
9.68 |
Pros: The loan is assumable at 5.29%!
Cons: Much of the juice has been taken out of the deal.
The Wheel Deal: I really like the hillside location set behind a historic mansion. The open space is impressive for just 53 units, and the property layout is well designed. The in-place, assumable loan is irreplaceable being fixed for another 4 years, interest only for another year, and at 70% LTV.
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