Results for ‘Brokerage’ category

What’s my apartment building worth?

Every once in a while, I take a look at the Google Analytics for this site to try to get a sense for what people are searching for to end up here. Turns out a ton of people are trying to figure out what their apartment buildings are worth. This is the kind of question

A savvy deal I couldn’t do

Just got a flyer from a reasonably active local broker announcing a deal he closed with the following characteristics: In Westlake, a rapidly improving neighborhood situation between Koreantown and Downtown 10 units totaling 9,800 sq ft 15,000+ sq ft lot R4 zoning $1.8MM price The flyer didn’t specify the rents, but, as I recall, the

What hustle can do for you

Further to my earlier post about the amount of opportunity available for Millennials who want to seize it… thought I’d share with you the experience of one of our leasing agents this weekend. Keep in mind this woman has a full-time job she works during the week. Instead of sitting around all weekend (like I

Bad news about open ceilings in LA apartments

Have some bad news for those of you who love vaulted ceilings in apartments… they’re almost always illegal in LA. First, what do I mean by vaulted ceilings? They’re the ones where you can look up and see the structure of the roof. Here’s an example: Beautiful, right? So, why should that be illegal? Two reasons:

4443 Willow Brook is for sale (again)

Don’t get excited. I’m not breaking my prohibition against selling any more properties. 4443 Willow Brook is a 10 unit complex Jon and I renovated in 2010-11 via our old entity, Better Dwellings. We sold it in 2012 for $2.1MM, which was around 10x the rent. Whoops. We made a bunch of money on the

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