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 cap rate is reduced which will also eventually reduce the value of your apartment building. Thankfully, owners in prime pockets of Los Angeles such as Venice are slightly insulated from the ebbs and flows of interest rates, though a mixture of reduced investor returns on multifamily combined with an eventual ceiling on rents achieved for your apartment units all equate to a realization that nothing last forever and if you ever thought about selling now is probably a great time! Call or click here for a professional evaluation of your Venice apartment building.

Thank you

Eric von Bluecher

310-900-9505

Eric von Bluecher

Investment Associate

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424.284.4447 office

310.900.9505 mobile

310.551.0661 fax

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449 South Beverly Drive, 1st Floor

Beverly Hills, CA 90212

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www.concord-re.com
evonbluecher@concord-re.com

BRE# 01926201