09 May Interest Rate Impact on Your Home
As interest rates increase for home buyers, not only does the monthly payment go up, but so does the amount of income needed to qualify to purchase a home. ...
05 May San Diego Multifamily Median Rent for One Beds – $1,730
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...
19 Jan 2017 Santa Monica Multifamily Sales Report
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...
09 Jan 10 Year Charts for Venice Multifamily Sales
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] ...
09 Jan 10 Year Charts for Santa Monica Multifamily Sales
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...
10 Nov Historical Santa Monica Price Per Unit and Price Per Square Foot – 2003-2017 – Santa Monica Apartment Buildings
Historical Santa Monica Price Per Unit and Price Per Square Foot - 2003-2017 - Santa Monica Apartment Buildings Year PPU PPF 2003 $166,667.00 $199.00 2006 $252,084.00 $302.00 2009 $203,543.00 $282.00 2012 $283,854.00 $308.00 2015 $392,000.00 $444.00 2017 $390,834.00 $502.00 ...
12 Apr Venice Multifamily Sales Update
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...
23 Feb State of the U.S. Multifamily Market
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...
23 May First Train to the Beach in 60 Years
[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...
20 May Where are we in The Real Estate Cycle?
Instead of trying to track the market, which is fun yet difficult to do, if you need to sell but are waiting for the highest peak of the market, why be greedy? Look at the three charts above, all three are showing values that are higher than ever, take your profits now and cash out or trade into that high...