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The AptBldgTrader Team at KW commercial is proud to announce the closing of 2814-2818 Broadway Ave, Santa Monica, CA 90404. The property, a 3 unit apartment building that boasts private individual garages, condominium style units, upgraded interiors and balcony's sold for $1,200,000. Ray Rodriguez & Matt Freedman of AptBldgTrader represented the Seller in this transaction.


For more information on our services, or to sell or buy multifamily investment property feel free to call us (818) 581-5829 our visit our About Us page and email one of our team members!

 

We have experienced, qualified, and motivated Buyers that NEED to buy apartment buildings NOW and are flexible with closing timelines. If you have a property you are considering selling please contact us immediately to receive a free property valuation or to obtain a market value offer on your property with excellent terms.

 

If you are an agent with a listing or pocket listing you think our team should consider for one of our qualified Buyers please contact us immediately. We cooperate, protect other agents, and maintain confidentiality.

 

If you are an agent interested in learning how KW Commercial and Keller Williams Realty can add value to your career feel free to reach out and schedule a phone call with Ray. 

 

 

Last modified on Thursday, 03 March 2016 23:50

Question: Is there any law which grants a tenant a grace period for the payment of rent? One tenant is claiming that they have three business days after the rent is due?

 

Answer: There is no law requiring a grace period. Rent must be paid on the due date. A landlord may serve a 3 day notice to pay rent or quit the following day after rent is due. The only exception would be if the due date is a Saturday, Sunday or a legal holiday. If this is the case, the tenant's due date is extended to the following day. 

 

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Last modified on Thursday, 28 January 2016 21:40

 

KW Commercial is proud to offer for sale 2,500+/- SF of single-tenant retail located in a highly desirable corridor on Colorado Blvd. in the city of Pasadena, CA 91107.

 The subject property is currently leased with 5 years remaining on a 6 years absolute NNN. The property has undergone a complete rehab with include, all new electrical, plumbing, HVAC, roof and more. Current tenant is a boutique pastry and bake.

 

Located in fantastic Pasadena location. Cross streets E. Colorado Blvd. and Rosemead Blvd. Visit the listing webpage here.

Last modified on Wednesday, 21 December 2016 00:18
Monday, 11 January 2016 23:05

Market Watch - Dec 2015

A solid pace of household creation accompanies an economic expansion and will generate new demand for apartments in the near term. 

 

U.S. apartment vacancy will fall this year to 4.2 percent and will rise nominally in 2016 as elevated completions narrowly outpace net absorption. Also, the Fed's benchmark rate most directly affects consumer borrowing for items that include residential mortgages. 

 

Any additional tightening in monetary policy that suppresses single-family home buying and maintains a low rate of home ownership will provide a supplemental lift for the multifamily sector.

Last modified on Monday, 11 January 2016 23:08

With its $5.4 billion purchase from landlord Equity Residential, Starwood Capital Group is making a big bet on the future of the U.S. apartment market and doing so at a time when both rents and property prices have never been higher.

 

Starwood, led by investor Barry Sternlicht, is adding 23,262 units in 72 multifamily communities across five states, expanding its reach into a part of the real estate market in which rents set records each quarter as young Americans face hurdles buying homes.

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Last modified on Monday, 11 January 2016 23:04

If you've been apartment shopping in the US lately, you might have noticed that rents are becoming more and more unaffordable seemingly by the month. We've documented the inexorable rise in the cost of renting on too many occasions to count, but for those who need a refresher, we recommend rereading one of our more lengthy treatments in "The Mystery Of The 'Missing Inflation' Solved, And Why The US Housing Crisis Is About To Get Much Worse", published late last month. 

 

In it, we explained why riotous laughter invariably ensues every time the Fed tells Americans that inflation is negligible. In short, the collapse of the housing bubble transformed America into a nation of renters as the following chart of the home ownership rate makes abundantly clear. 

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Last modified on Monday, 11 January 2016 22:58


The AptBldgTrader Team at KW commercial is proud to announce the closing of 13822 Vanowen Ave. Van Nuys, CA. The property, a 4 unit non rent control apartment building with rental upside potential sold for $932,000. We are excited to officially be one of the final apartment building closings in 2015! Raymond Rodriguez, Founder of  the team represented both the Seller & Buyer in this transaction. 


For more information on our services, or to sell or buy multifamily investment property feel free to call us (818) 581-5829 our visit our About Us page and email one of our team members!

 

We have experienced, qualified, and motivated Buyers that NEED to buy apartment buildings NOW and are flexible with closing timelines. If you have a property you are considering selling please contact us immediately to receive a free property valuation or to obtain a market value offer on your property with excellent terms.

 

If you are an agent with a listing or pocket listing you think our team should consider for one of our qualified Buyers please contact us immediately. We cooperate, protect other agents, and maintain confidentiality.

 

If you are an agent interested in learning how KW Commercial and Keller Williams Realty can add value to your career feel free to reach out and schedule a phone call with Ray. 

 

 

Last modified on Thursday, 07 January 2016 19:49

Team Photo Collage

 

This year Ray and Matt participated in the Spartan Race! The whole team and office are extremely proud of the hard work they put into training and finishing the race.

 

Well done guys! 

 

We are all looking forward to next years race!

 

AptBldgTrader Team at KW Commercial Calabasas.

Last modified on Friday, 18 December 2015 00:07
Monday, 26 October 2015 23:31

Does Santa Ana have rent control?

Question: I am buying an apartment house Santa Ana located in Orange County. Does Santa Ana have rent control?

 

Answer: In Southern California, the following counties do not have rent contro; Orange, San Bernardino, Riverside, Ventura and San Diego. In Los Angeles County, only the following cities have rent control: Los Angeles, West Hollywood, Santa Monica and Beverly Hills.

 

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Last modified on Monday, 26 October 2015 23:37

A sizable rent increase is probably coming your way. So is a sizable earthquake.

 

The L.A. City Council last week approved a deal that will force landlords to upgrade earthquake prone buildings and force tenants to pay for it with rent increases as high as $75 a month. 

 

Council leaders promised that they'd get back to the table and work out an after-the-fact compromise, likely one in which landlords and tenants wuld aplit the upgrade costs. In that scenario, renters in upgraded buildings would see rent increases of $38 or less for about seven years. 

 

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Last modified on Monday, 26 October 2015 23:31
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