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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...

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