santa monica real estate Archives | San Diego Multifamily | Lee & Associates San Diego Multifamily Advisory Group

31 May 1 Unit Delivered Vacant – Walk to Beach – Santa Monica Investment Property

Posted at 17:08h in Listings

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...

23 May First Train to the Beach in 60 Years

Posted at 16:11h in Real Estate Research, Uncategorized

[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?

Posted at 17:48h in Real Estate Research, Uncategorized

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...

18 Jan Apartment Buildings Sold in Santa Monica and Venice

Posted at 03:18h in Apartment Quarterly, Uncategorized

Recent sales metrics including GRM, CAP Rates, Price Per Square Foot and Price Per Unit of apartment buildings sold in Marina del Rey, Santa Monica, Pacific Palisades and Venice Beach. Please click this link for a copy of the newsletter AQ-Santa Monica Venice. Santa Monica Apartment Building Sales October-December 2015 Summary According to reports pulled from CoStar® analytics of 5 to 20 unit multifamily sales,...

28 Sep Off-Market Transaction Closed in Two Weeks – 1028 12th Street, 90403

Posted at 02:54h in Sold, Uncategorized

Case study of a 10 unit apartment building deal sold off market in Santa Monica....