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The listings on this web site are
for principal investors only. |
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A down payment of 25% or more is
normally required for apartment building sales. |
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On average, apartment buildings
have been selling at 90% or more of list price. For example, if
the list price is $400,000 an apartment building might be expected
to sell at $375,000. |
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Prices on the Westside of Los
Angeles tend to be higher and returns a little lower. However,
investments on the Westside are viewed as highly desirable because
of low vacancies, higher rents, and appreciation in value over
time. |
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"Bread and butter"
apartment buildings providing low GRMs and higher returns can
often be found in the blue collar neighborhoods of mid-Wilshire
and downtown Los Angeles. |
