Courtesy Zumper - https://www.zumper.com/blog/2018/01/zumper-national-rent-report-january-2018/ Per Zumper's annual report San Diego Multifamily one bedrooms grew nationwide by 2.1% to $1,255, San Diego apartment building two beds increased .2% to $1,388. San Diego Multifamily apartment buildings moved up the rank to number 6 for the highest rental rates, Los Angeles number 5 for reference. One bedroom rental rates increased by 2.4% to $1,730 and two...

2017 Santa Monica Multifamily Sales Report 5-100 Units For 2017, Santa Monica multifamily sales for units 5 to 100 units totaled: - 42 total sales - 488 total units sold - $193,155,000 total sales volume with a median - cap rate of just above 3%, - GRM hovering in the 19 range, - price per unit at $416k and - price per foot at $536. When relating these numbers to the...

Multifamily Sales Charts - 10 Year Venice Sub-Market of 90291 & 90292 Sales Reported from January 2008 to December 2017 of buildings 5 to 100 Units [caption id="attachment_16309" align="alignnone" width="1024"] Venice Sales Volume[/caption] [caption id="attachment_16310" align="alignnone" width="1024"] Venice Price Per Unit[/caption] [caption id="attachment_16311" align="alignnone" width="1024"] Venice Cap Rate[/caption] ...

Multifamily Sales Charts - 10 Year Santa Monica Sub-Market of 90401, 90402, 90403, 90404, 90405 Sales Reported from January 2008 to 2017 of buildings 5 to 100 Units [caption id="attachment_16303" align="alignnone" width="1024"] Santa Monica Sales Volume[/caption] [caption id="attachment_16304" align="alignnone" width="1024"] Santa Monica Average Sale Price Per Unit[/caption] [caption id="attachment_16305" align="alignnone" width="1024"] Santa Monica Average Sale Cap Rate[/caption] Contact Eric M-F 9-6 for a complimentary evaluation of...

The latest sales and pricing trends for Venice Multifamily. Venice Multifamily Holds Strong Despite recent increases in interest rates, multifamily continues to increase in Venice. Interest rates are projected to continue to increase throughout 2017. As interest rates increase, which will increase an investors cost to borrow and ultimately will impact the net income earned on a multifamily investment. When this happens, the...

A Q4 2016 Review and Outlook Below are some great slides and summaries provided by CoStar from last week's presentation. Based on CoStar data, there was a significant decrease in both annual demand. Something interesting to look at was the increase of homeownership in 2016 which could be directly correlated to the increase in vacancy perhaps in addition to the historically low interest...

[caption id="attachment_235" align="alignnone" width="1346"] Santa Monica Expo Line Opening[/caption] The Expo Line officially opened at noon on Friday May 20th, the picture above was taken around noon on Saturday showing plenty of crowds utilizing the transit system. The train will take you from Santa Monica to Downtown Los Angeles in 50 minutes. "Looking at the schedule, a train during morning rush hour...

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