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Projects, opportunities and real estate industry news

Coming November 6 of 2018 is the a looming decision over Oceanside, Vista, and North County San Diego multifamily owners and investors, it's Proposition 10. If you haven't had the opportunity to review Proposition 10 in San Diego, I'm happy to meet and discuss how this can impact your Oceanside, Vista and North County San Diego multifamily investments. What is Proposition...

Data Courtesy of the California Association of Realtors (r) July 2018 [caption id="attachment_16499" align="alignnone" width="727"] California Home Sales[/caption] Home sales in California declined for the third consecutive month, 406,920 units, down 1.4% YTD and down 3.4% YTY. Southern California homes sales bounced back in July. [caption id="attachment_16500" align="alignnone" width="730"] Southern California Home Sales Bounced Back in July[/caption] Home sales in California declined in every segment under...

Data Courtesy of CoStar This report consists of apartment building sales and lease data for multifamily investment properties in the North County Submarket containing the cities of Del Mar, Solana Beach, Encinitas, Carlsbad, Oceanside, Vista, San Marcos and Escondido. For multifamily leasing the vacancy rate is 3.7% compared to 4.3% for all of San Diego. Market rents for Studios run in the...

Just Sold - 6 Units in Santa Monica Sale Stats $2,800,000 Final Sales Price Buyer Rep ($750,000 below asking) Location: Prime north of Wilshire, block and half away from Montana, walk to beach and Promenade Market GRM: 14.36 Market CAP Rate: 4.90% 1923 Construction $466,667 price per unit $604 price per foot Eric von Bluecher of Beachbreak Investments Inc. of San Diego,...

Multifamily Sales Report for Encinitas, Cardiff, Solana Beach, Del Mar Sales volume is yet to hit the 2007 peak of just under $60,000,000 for multifamily sales in the prime coastal cities of Encinitas, Cardiff, Solana Beach and Del Mar where only a few apartment building sell every year. Sales volume bottomed out in 2012 with about $9,000,000 in total multifamily sales...

Today we will review the apartment building sales report for Carlsbad, CA for the past year, June 2017 to June 2018. The average price per unit for apartment buildings sold in Carlsbad was $394,917 with a max price per unit of $564,000. The average sales price for apartment buildings sold in Carlsbad was $5,800,000 with a max of $20,000,000. The average cap rate...

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