Yesterday, I noted that pricing for apartment buildings in LA has become detached from the underlying cashflows the buildings can generate. But some deals are still getting done at (semi-)reasonable prices and I want to discuss how, and why it’s a problem for me. Right now, listing brokers and sellers are pricing properties very aggressively.
One of my agents called me yesterday to see if I had any ideas to help her. She’s got a great client who has been making strong offers on single family homes and getting outbid. Everyone is frustrated. As it happens, my parents are in the market for a home on the Eastside (working with
Recently, we’ve had a little burst of scammers copying our rental ads and using them to rip people off. I suppose on some level, this is flattering… they probably feel like the pics of our units will get people fired up enough to wire money to Nigeria or where-ever the hell the scammer live. But I’m
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
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