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Here is the List of the Top 10 Largest Multifamily Deals in Los Angeles for 2023 915 N La Brea Ave | West Hollywood, CA 90038 | 179 Units ･ Apartments ･ Built 2016 | Sold March 2023 for $112,500,000 11450 N Poema Pl | Chatsworth, CA 91311 | 280 Units ･ Apartments ･ Built 1985 | Sold October 2023 for $107,000,000 600 N Broadway | ...
Commercial real estate is the third most valuable asset class in the US, right behind stocks and bonds. With an estimated market value of about $17 trillion, it’s understandable why a growing number of investors are adding commercial real estate to their investment portfolios. However, not all commercial properties are created equal, and choosing the right type of i...
After experiencing losses late last year, average asking rents in greater Los Angeles are on the rise. In 2023, average daily asking rents in Los Angeles bottomed out in December at $2.86 per square foot each month. Since then, upward momentum has been sustained, with average daily asking rents up around 1% from the recent low, reaching just above $2.88 per square foot each month. Rent movem...
Commercial real estate is a broad sector encompassing various property types, each with its unique set of benefits and drawbacks. Here, we'll delve into the main categories: office, retail, industrial, and multifamily properties. Let's examine the main benefits and drawbacks of the main categories of commercial real estate in more detail: Office Buildings Benefits Stable ...
"What is a good rate of return on your Multifamily real estate investment in Los Angeles county ? I get this question a lot from apartment owners in Los Angeles. A good rate of return on a multifamily investment property in Los Angeles can vary depending on several factors, including location, property class, and market conditions. Generally, investors aim for a cap r...
On Tuesday, June 4th, the Los Angeles County Board of Supervisors voted 3-2 (Supervisors Barger and Hahn in opposition) to destroy the rental housing in the unincorporated areas of the County by instructing staff to return with an amendment for final approval that will drastically lower the allowable rent increase formula to a mere 60% of the Consumer Price Index (CPI) with a 3% maximum ca...
The Los Angeles multifamily market outlook remains strong in 2024, thanks to the city’s broad-based, resilient economy. “From entertainment to healthcare to the tech sector, LA’s status as an economic powerhouse continues to support its multifamily market,” said Matthew Krasinski, Senior Regional Sales Manager at Chase. Los Angeles real estate trends show vac...
Multifamily Property Owners Find Hope as Vacancy Increases Finally Level Out It’s been a tough few years for multifamily property investors in Los Angeles. After the COVID-19 pandemic locked up rent increases for years, the gates finally came up at the beginning of 2024. But it was the definition of pulling blood from a stone. A crippled entertainment industry and floundering...
