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.

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.

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.

Venice Beach Los Angeles Duplex for Sale

Southwest Airlines flights to LAX from SJC are sometimes $59 per leg. Venice is the hot spot for LA beach time. The property is wonderfully remodeled and in an outstanding location one block to the sand. 6 car parking! On tour today. This is a perfect 1031 property or straight investment property that the family can enjoy for years in the future. Rental of one unit or both would be extremely easy in a very sought-after rental market.

West Los Angeles Class A Office Building for Sale

Multi Tenant almost fully occupied office building for sale in prime West Los Angeles location. This nearly 100,000 square foot modern office property has been very well maintained and upgraded through the years.  Excellent street visibility, great parking, stone and glass exterior and a loyal tenant occupancy. Financing rates will allow for positive leverage on this class A office building. Excellent 1031 tax deferred exchange replacement property.  Pride of ownership asset. Call for details.