San Clemente Triplex near the Coast

Three units in a very good location of idyllic San Clemente for sale at a very good price.

Units need some updating and are delivered vacant.

Offered at $1,190,000 for 2,242 square feet with a good lot and decent parking.

All cash purchase or private financing to renovate, then refinance with conventional.

Call for more details!

Disneyland Apartments: Costar's view of apartment investments in Anaheim

Excellent information and guidance from Costar on the new construction in Anaheim and the existing apartment investment inventory:

Anaheim Apartment Investment Outlook

Let me know what you think Is this the right investment market for you?

Anaheim Apartment Building for Sale

8 very well priced units in strong Anaheim location. 15 GRM on current rents. Some units upgraded. Solid rental investment with good initial cash flow and decent upside going forward.  $268/ft. One 3 bed, Six 2 beds and One 1 bedroom unit. Offered at $2,250,000. Ideal 1031 tax-deferred exchange.

Tustin, Orange County, two unit property for sale.

Ideal owner-occupied quality (and size) two unit property in Tustin. 6 bedroom front home and a 3 bedroom completely detached rear home on a 19,000+ square foot lot in a good area of Orange County. Court ordered sale of the property. Well priced for the right buyer. This could make for a strong investment play or owner-user. Asking $1,399000. Call for details. 

Costa Mesa Turn Key Investment Duplex

Deals I Like:

Completely renovated duplex in hot west-side Costa Mesa.  Fully occupied with new leases at market rents. Side by side units with separate fenced back yards. 16x GRM - very good numbers for anything west of the 405 freeway - especially for a property in this prime condition. Offered at $1,075,000. 

Anaheim Apartment Building for Sale

Deals I like:

8 units built in 1993 with gated assigned parking underneath and in an Opportunity Zone - which gives capital gains tax breaks the longer that it is held. Possible seller financing too. Excellent value for a modern building in growing Anaheim. 

Call me for details at 415-269-6249 - this is a very good deal for this market.

San Clemente Walk to Beach Iconic 8 Unit for Sale

Deals I like:
This building is an ideal family asset for long term hold and long term enjoyment

Listed currently at $4,695,000 - 8 units, 6 of which have ocean views. Excellent gated parking. Walk to the beach, pier and restaurants. This is an ideal 1031 exchange replacement property.

Call for more details.

Tustin - Irvine Adjacent - Fourplex for Sale

Deals I Like:

Very well priced and high quality four unit building in Tustin at the border of Irvine for sale. Rents are very low. Great upside on turn overs and renovations. Ideal unit mix. Asking $1.3M  Well within the conventional loan limits for better financing. No real options to buy a building in blossoming Irvine unless you are the Irvine Company.  Irvine's jobs and new commercial construction at the District will keep pushing rents up.  Let's walk this property and see why you should own it. 

Huntington Beach 3 unit apartment building for sale

This is a very well located, well-constructed property perfect for an owner-occupied user or a straight high quality investment. Good unit mix of a 3 bed in the front and two townhouse style 2 bedroom units in the back. Garage parking and decent open space parking. The quiet street in the front provides excellent parking too. This property needs some work to bring it to market rate rents, but the structural bones are there.
I would clean up the over grown bushes and trees, paint the building and replace the single pane windows to start. Let me know if you want to see this deal or others in Orange County.

San Bernardino 5 units apartment building with great cash flow for sale

Very well priced 5 unit property for sale on very nice street in San Bernardino. 10.5 GRM on existing rents! Garage parking for most units. Low density street and property. 10,000 sf lot. Asking $550k. Let's go see this property today.

USC area 4plex Fixer Apartment Building for Sale

4 one bedroom units near USC sale - needs extensive remodeling - but good value. Let me know if you want to see it. $689,000 * 2,224 sf * 6,510 lot size * built in 1920 * large usable lot for parking or expansion.

Hot Huntington Beach 6 Unit Apartment Building for Sale

Excellent opportunity to own an outstanding location apartment building in premier Huntington Beach. Walk to the pier and Main Street. Owner occupied style townhouse units. Surf City is undergoing a re-gentrification visible in many smaller SFR homes and cottages being expanded or rebuilt. Interest in the area is coming from Newport Beach developers and buyers who are being priced out of that market. With this resurgence in development, rents on the smaller existing apartment stock will rise. The timing is good to get into this market.

Call me for my updated list of best apartment investments in the area you want. I routinely monitor the market and highlight the best deals. Today in Huntington Beach there are 42 rental properties for sale - I like 12 - and of those 3 are prime values.

Expensive Apartment Investment Market in West Valley

It's amazing how expensive the apartment investment market has become in West Santa Clara County. As of today on the MLS, between Los Gatos, West San Jose, Campbell, Saratoga, Cupertino, Santa Clara and Mountain View, there are only two available four unit buildings for sale. One is in premier down town Los Gatos - but priced at approximately $891 per foot (that's rich) and the other is on Temple near Almaden Expressway and Blossom Hill - a fourplex listed for $1,250,000 (that's rich too). There are 10 buildings in escrow in those same areas from 3 units to 22. So basically, whatever hits the market generates an acceptable offer quickly.

It's definitely a good time to sell to maximize value!

Now we should talk about where to buy an apartment building investment property. I have a few suggestions.

There are other parts of California to consider (LA County, Orange County, San Diego County) that have high occupancy rates, good economics and increasing rental rates at far lower costs to acquire. Example: for $799000 you can easily acquire a four unit building in Orange County, Consider 3,100 square feet on a 9,500 sq lot with $57,600 in current rents.

Remember Southwest Airlines costs $72 per leg if you book in advance! Let me know if you want to review some real time examples.

7 Unit Walk to Beach Apartment Building for Sale in Santa Monica

I just reviewed a wonderful 7 unit fully occupied apartment building, walking distance to the beach in Santa Monica. This is an excellent property for a long-term hold. Existing rent control in Santa Monica means that when tenants do vacate, old rents will go up to market rents. In some cases this is over $1,000 per unit. The location and the quality of the building also makes for a perfect building to keep  one unit for personal use. Flights on Southwest Airlines are $120 round trip if your book early! The building is offered at $2,500,000 and will require a very hefty down payment of $1,500,000 due to the low existing rents. But, to be able to buy a building in that location at $357,000 per unit and $402 per foot is rare. This is an excellent opportunity for a patient investor.

Duplex Fourplex Apartment Building Statistics in Santa Clara County

At this week's Bay Area Apartment Broker's Forum meeting in San Jose, guest speaker Tom Scott of Cambridge Management Company brought some interesting statistics from the Santa Clara County Recorder's office.

2-4 Unit Properties:  15,144 total properties - 787 sold in 2013 - 5.2% of the inventory sold - 19 year average hold

5+ Unit Properties: 5,719 total properties - 554 sold in 2013 - 9.0% of the inventory sold - 11 year average hold

There is almost a double hold period for duplexes and fourplexes compared to larger apartment buildings.This could mean that the ease of ownership on a smaller building is greater and therefore those owners hold the properties longer. Or, someone with a 5+ unit property makes more money faster and therefore sells in a faster time frame. Those are my two suggested reasons.

What do you think?

Two Large Lot Mid-Century Aparment Investments in Orange County for Sale

Probate sale of two nearby multi-family properties - all bungalow style duplexes on large lots in Orange, CA. These are well located fully occupied investment properties available for sale via an approved probate process. The large lots, single story, duplex/bungalow units generate longer term tenancies due to more personal space and no up/down tenants. Perfect properties to have private patios & yards. Excellent parking too. Outstanding 1031 exchange replacement properties. For more info on these rare apartment properties, call Mario Pinedo on his cell 415-269-6249.

3 Multi-Family Rental Investment Units for Sale in Grass Valley, CA

There is a very nice rental property investment in Grass Valley, CA for sale. On one lot is a single family home + a duplex building behind. Three stabilized rental units for $357,950.  Excellent 1031 exchange replacement property. Professionally managed currently and can be continued. Beautiful foothills town of Grass Valley is a retirement destination for many San Francisco Bay Area residents. For more info, please call 415-269-6249.

Nice 4plex for Sale in San Jose!

4,088 square feet on an excellent street in San Jose's Cambrian area for $1,279,000 just hit the market.  Very nice quality property and size for the $$$. For more deals that I like in Silicon Valley, The Bay Area or abroad - give me a call 415-269-6249.

Apartment Investments Orange County Southern California

I have recently been comparing apartment investment opportunities in the San Francisco Bay Area to Southern California. The Bay Area (and especially Silicon Valley, The Peninsula and San Francisco) is offering very low rates of return. Also decent investment properties are hard to come by with lots of buyers chasing deals.
These same dynamics are also happening in west Los Angeles. This area is in huge demand causing cap rates to be very compressed.
Alternatives to these areas are southern LA county and most parts of Orange County.
Solid, stable apartment buildings can be purchased in the low $200 per foot range. Fourplexes routinely can be found in the $700,000 price range for 3,500 square foot buildings in decent areas.
There are also great coastal locations with apartment buildings perfectly suited for 1031 exchanges. These premier locations can provide great rental rates and occupancy with potential owner-user unit allocations.

Brand New Condo Building for Sale as a Package Los Angeles

A very beautiful condo building is available for purchase by the developer in west Los Angeles. 25 units built with intent to sell are now available as a bulk purchase. Very good investment return based on leasing out the units. Bonus upside in the future to sell the units individually. Excellent diversification vehicle.