Multifamily property in major metropolitan markets, like Los Angeles, remains the asset of choice for many real estate investors. Savvy buyers know that in many markets current prices are below construction costs…AND…financing for apartment buildings is at a 50-year low - with seven- to-10-year mortgages available for as little as 4 percent. And people always need a place to live.
"I wouldn't say the apartment sector is 'recession-proof,' but it is the sector that is regarded as most safe and also seems to garner the most demand when times are tough, whether it … (1 comments)
This month, we’ll look at the big picture for multiunit properties – SMILE *< : ) - it’s all good. Apartment properties should continue to be a bright spot in your real estate investment portfolio for years to come. President George Bush’s tax cuts are set to expire on December 31, 2010. New Year’s Day, capital gains taxes will revert to 20% from their 70-year low of 15%. (To add insult to injury, the tax rate on dividends for top earners will jump from 15.0% to 39.6%, barring a slight of pen from Secretary of the … (1 comments)
The sun is shining again in Los Angeles. After two years of job cuts, payrolls are predicted to expand payrolls minimally in Los Angeles County in 2010, according to the 2010 National Apartment Index Report by Marcus & Millichap. The perceived strength of the multiunit investment Los Angeles moves up two places this year to No. 13, thanks to perceived strengths in our marketplace. The hot spot is our sister city, San Diego, which rose four spots to No. 2 on the index due to expectations for resumed employment and household growth. (Washington, D.C., retained the … (2 comments)
The sun is shining again in Los Angeles. After two years of job cuts, payrolls are predicted to expand payrolls minimally in Los Angeles County in 2010, according to the 2010 National Apartment Index Report by Marcus & Millichap. The perceived strength of the multiunit investment Los Angeles moves up two places this year to No. 13, thanks to perceived strengths in our marketplace. The hot spot is our sister city, San Diego, which rose four spots to No. 2 on the index due to expectations for resumed employment and household growth. (Washington, D.C., retained the … (0 comments)
Legislators in Sacramento were more interested in finding was of shrinking the new $7.4 billion deficit for the 2010-11 budget than they were in thinking about the hit that apartment building owners have taken in the multiunit marketplace this downturn.
Fortunately, the more ominous legislation affecting multiunit properties has been shelved until next year, but, as a local multiunit property owner, we know you want to know what has passed and what is on the horizon.
Passed
* Assembly Bill 1020 (Emmerson, R-Redlands): Limits fees that … (0 comments)
Our ActiveRain Los Angeles Apartment Real Estate Blog contains excerts from the Southern California Multiunit Real Estate Blog @ www.SoCalMultiUnitRealEstateBlog.com
We offer the keys to understanding the multiunit apartment building market in Los Angeles, Ventura, San Diego + Orange counties.
It is one of several blogs created + maintained by The SoCal Investment Real Estate Group.
Our websites + blogs include:
www.SoCalInvestmentRealEstate.com
www.SantaMonicaLandmarks.com
www.SoCalIndustrialRealEstateBlog.com
www.SoCalOfficeRealEstateBlog.com
www.SoCalMultiUnitRealEstateBlog.com
www.SoCalGreenRealEstateBlog.com
www.SantaMonicaPropertyBlog.com
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