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Projects, opportunities and real estate industry news

1143 11th Street, Santa Monica, CA 90403 3.12% CAP Rate - 4.5% CAP Rate on Market Rents - 11 Unit Investment Property North of Wilshire Asking Price: $4,995,000 GRM: 18.98 CAP: 3.12% Click Here to Download Marketing Package Eric von Bluecher InvestmentAssociate BRE#01926201 310.900.9505direct evonbluecher@concord-re.com 11 Unit Investment Property North of Wilshire •  5.34% Market CAP with Mills Act / 4.43% Market CAP without Mills Act •  Fantastic north of Wilshire location. Walk to...

26 Unit - Los Feliz / East Hollywood Investment Property  4.4% CAP RATE ON CURRENT RENTS 6.23% CAP RATE ON MARKET RENTS 1757 N Kingsley Drive Los Angeles, CA 90027 - REDUCED TO $8,250,000 - East Hollywood / Los Feliz Investment Property for Sale OFFERED AT $8,250,000 Click Here For 1757 N Kinglsey - Setup $8.25M PROPERTY HIGHLIGHTS Great Los Feliz Investment Property Location between Franklin and Hollywood Blvd ...

1031 Exchanges are possible in this market Eric von Bluecher originally presented the opportunity at 1537 15th Street to his client as an off market acquisition utilizing his relationships with apartment building owners in Santa Monica. Although the property ended up going to market, Eric’s ability to forge relationships with the listing agents in addition to his excellent strategic advice, allowed his...

15 UNITS ON THE BEST BLOCK IN WEST HOLLYWOOD JUST SOUTH OF THE SUNSET STRIP • Excellent West Hollywood location just below the Sunset Strip • Conveniently located between Beverly Hills and Hollywood • 15 parking spaces with built-in storage units in each space • West of Crescent Heights just south of Sunset Blvd • 15,569 square foot lot, with WDR4 zoning • Bright and tranquil courtyard...

Santa Monica 2017 General Adjustment (GA) is 2% with a $40 Cap - Santa Monica Rent Control Increase The 2017 general adjustment for controlled units is 2%, with a maximum increase of $40. The maximum increase of $40 applies to all maximum allowable rents (MARs) of $1,975 or higher. In late June, the Rent Control office will mail information to all tenants...

Mar Vista Income Property For Sale Great location, unit mix and income potential in prime Mar Vista.   Click link for setup ---> 3792 Ashwood Ave - Setup Bike to beach, Abbot Kinney Blvd, quick Uber to Santa Monica, Beverly Hills, Culver City Excellent location on the Venice-Mar Vista Border Excellent unit mix for AirBnB Rentals 7 parking spaces in the rear of the building (no...

New Construction Multifamily For Sale - 6 Units Brand New Construction •Non-Rent Control - Brand new construction - 2017 certificate of occupancy •Delivered completely VACANT and ready to lease! •12 surface parking spaces (2 per unit) •(6) 3 bedroom 2 bathroom units averaging approximately 1,350 SQ. FT. •All units have balconies and washer/dryers •6.12% CAP and 11.41 GRM at market rents for $2,800 •Separately metered for all...

West Hollywood Investment Property 942 N CURSON AVE WEST HOLLYWOOD CA 90046 Concord Real Estate Services proudly presents the offering memorandum for 942 Curson Ave, West Hollywood investment property in beautiful West Hollywood, California. ThisWest Hollywood investment property is one half block South of thriving Santa Monica Blvd and just south of Sunset Blvd's recent renaissance. This West Hollywood investment property Walking distance...

2423 4th St, Santa Monica, CA 90405 8 Units Santa Monica Investment Property - Walk to Beach, Main Street and Transit Price    $4,450,000 Cap Rate         3.11% No. Units         8 Gross Rent Multiplier 18.35 Building Size   8,758 SF Price/Unit       $556,250 No. Stories      2 Year Built        1965 Lot Size           6,390 SF 2423 4th Street Marketing Package Highlights First time this Santa Monica Investment Property has been on market in 40 years! Exceptional unit...

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...

JUST SOLD AND IN ESCROW 2 PROPERTIES IN MIRACLE MILE Click here to have your portfolio evaluated in 48 hours.  Just Sold for $2,850,000 6 UNITS IN MIRACLE MILE ON A LARGE LOT ZONED R4 744 S Ridgeley Drive, Los Angeles, CA 90036 $457,000/unit $474/sqft 22.92 GRM 2.30% cap Click here to get your portfolio evaluated. In Escrow! 6 UNITS IN MIRACLE MILE 637 S Burnside, Los Angeles, CA 90036 Prime...

[caption id="attachment_15789" align="alignnone" width="300"] Measure S Defeated[/caption] Los Angeles voters rejected ballot Measure S on Tuesday March 7, 2017 which was an initiative to change Los Angeles City laws governing modifying the general building plan and real estate developments. Voting "yes" to Measure S would support a moratorium on construction that would increase density for a period of two years in...

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...

On December 15, 2016 Mayor Eric Garcetti signed the Tenant Buyout Ordinance, combined with Rent Stabilization Ordinance, in effort to curb the housing affordability issues the city of Los Angeles is experiencing. Source: https://www.lamayor.org/mayor-garcetti-signs-tenant-buyout-ordinance. According to LAMayor.org, half of the families here in Los Angeles live in rent controlled apartments. This ordinance was built to strengthen renters' rights by mandating...

[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...

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...

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evb@lee-associates.com

1902 Wright Place, Suite 180
Carlsbad, CA 92008, USA

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