Commercial property insurance prices have been on the rise everywhere, especially in the climate-affected states. These are the states that deal with frequent extreme weather events such as wildfires, hurricanes, or blizzards. Because of these larger increases in insurance price, it is starting to become an issue for commercial property owners to both start new developments or to try to...
SB721Throughout the pandemic multifamily owners in California saw a 2-year delay in physical and economic terms. With situations like this, this can play into why SB721 was put into place. Through SB721 California multifamily owners must have their balconies inspected and there are now deadlines for this. The first deadline is to have balconies inspected before or by January 1,...
From September to October asking rents went up by only 0.16%. While this is a very small increase (and another month of deceleration in rental growth), it is actually expected to be around that at this time of the year. The month over month rental increase for this time before Covid was actually on average about 0.08%. So, when looking...
The San Ysidro Boulevard Apartments offers a unique two parcel development opportunity with seven (7) existing conforming units and three (3) additional non-conforming units as well as a vacant front structure with a code violation. The offering consists of 10 operating units: two (2) 2+1s; six (6) 1+1s; two (2) studios plus parking income generating over $23,850 per month. There...
November2021-newsletterDownload ...
Eric von Bluecher selected as a 2021 40 Next Top Business Leaders Under 40 Awards, https://www.sdbj.com/2021_40_Under_40_Awards/ SDBJ_-_40_Next_Top_Business_Leader_Under_40_2021_-_Finalist_SectionDownload . ...
Closing Announcement – Eric von Bluecher of Lee & Associates Multifamily Advisory Group North SD just closed 5 units in Los Angeles representing the buyer. For more information contact Eric von Bluecher 760-929-7846 ...
653 FLOWER AVENUE VENICE 90291 Asking 1,900,000-1,800,000 & Sold for $1,500,000 Buyer Representation This classic Venice, 1920’s construction, 6 unit apartment building was on the market for approximately 3 months, listed with a local residential firm and during one of the toughest markets the real estate industry has seen, ever, amongst the COVID-19 pandemic. Through Eric’s experience in Venice, he recognized a great opportunity...
Vacancies Could Reach Record Levels, Topping a Recent Peak in 2017 State of the Market Video: Coronavirus Will Likely Play Havoc With Apartments Vacancies Could Reach Record Levels, Topping a Recent Peak in 2017 By John DohertyCoStar NewsMarch 25, 2020 | 02:34 P.M. Expect U.S. apartment vacancy rates to hit record highs, CoStar’s experts say. The wave of new properties scheduled to be finished up in...
Six unit value add investment opportunity close to everything Santa Monica has to offer with an 89 WalkScore. With 110% upside and large units, this investment is ideal for an owner user or re-tenant & renovate strategy. Eric von Bluecher Multifamily Real Estate Investments Director | KW Commercial 858-252-8082 direct eric@sdmultifamily.com BRE# 01926201 SANTA MONICA 6 UNIT INVESTMENT - PERFECT OPPORTUNITY FOR OWNER USER Value add investment ideally...