Buying is 16 percent cheaper

by Jodi Summers Los Angeles has the fourth highest median rents in the country. Around town, “price per bedroom” is $1,450…with the median doubling to $3,000 in the most expensive beach neighborhoods. As expected, rents on coasts are higher than the middle of the country. Analysis from rental website Zumper concludes that the most expensive […]

by Jodi Summers If you want to buy apartment properties on the Westside of Los Angeles in the first quarter of 2015, here’s what you need to know – Large cash reserves will dominate deal flow – for right now. “Investors attempting to acquire assets in the Westside Cities will have to stretch to outbid […]

by Jodi Summers If you’ve purchased a multifamily property in Los Angeles is the past few years, your real estate investment has increased in value. Effective rents have soared since the downturn, making turnover significantly more profitable. We are not alone. Throughout the country, valuations on apartment properties have been on an upward trajectory, pushing […]

This is crazy! Madrid-based PKMN Architecture’s five-in-one apartment solution that allows the owner to have several spacious rooms—just one at a time. http://www.socalmultiunitrealestateblog.com/?p=2791 http://www.wired.com/2014/11/moving-walls-transform-tiny-apartment-5-room-home/ http://lovesiliconbeach.wordpress.com/2015/05/08/residential-illusion-a-studio-apartment-with-five-rooms/

by Jodi Summers Recently, Sotheby’s International Realty invited the California Association of Realtors’ Vice President and Chief Economist, Leslie Appleton-Young, to give us an update on the Los Angeles area real estate market. With multifamily vacancy rates hovering just above 3%, apartment properties in and around Los Angeles remain a strong investment. For more information […]

by Jodi Summers Fascinating facts and boring charts on owners and renters, according to the 2012 American Community Survey: WHO OWNS The typical owner-occupied household is headed by an individual between 45 to 54 years of age.  The median household income in 2012 was $65,514. The average household size was 2.7 occupants with the most […]