Deke's Investment Blog - March 23, 2016

LA has one the highest apartment occupancy rates in the nation. There isn’t enough new rental housing being built. Rents will continue to rise as the average home price is too high for most young people who can’t afford to buy, so they rent. According to the US Census Bureau, LA overall apartment vacancy rate was 4.1% in 3rd quarter 2015, down from a peak of 6% in 2010. It is a strong bull market for investors and developers of apartments.

0 views0 comments

Recent Posts

See All

October 2021 - Ventura Corridor

The apartment market in the Ventura Corridor community is showing steady demand after the higher vacancies last year. 4.9% average vacancy, down from 6.3% last year. Average sale price per unit is $3

October 2021 - Gardena At A Glance

We know Gardena is a great neighborhood, which is why we live and work here! Thinking of buying or selling? Looking for investment property? Give us a call!