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[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...

Cornering the Venice Market Prosser Stevens agent Eric Von Bluecher negotiated this off-market acquisition of 15 units in prime Venice. Classic deals like this are rare these days in the competitive Venice market (notably this was the first commercial grade multi-family asset with over 5 units to trade in Venice so far in 2016). Since the investors have worked with Eric...

Value Add in this Market? Off Market Deal SOLD with 70% Upside Steps to Beach Prosser Stevens agent Eric von Bluecher negotiated on behalf of a local family investor to purchase this 9 unit property in Marina del Rey with serious deferred maintenance. This off-market transaction was the perfect match of a retiring Seller looking to leave the management headaches behind with...

Sales from January to March 2016 including GRM, CAP Rates, Price Per Square Foot and Price Per Unit of apartment buildings sold. MULTIFAMILY SALES Marina del Rey, Santa Monica, Palisades & Venice Sales Reported from January 2016 to March 2016 Buildings with 5 units and larger Santa Monica / Palisades Venice/ Marina del Rey CAP Rate Map Multifamily Sales Click here to view entire report Contact Eric M-F 9-6 for...

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,...

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