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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
Wednesday, 16 September 2015 20:04

Congrats Team on our Recent Sales!

Thinking of selling?

Call us to sell your apartment building! 

From fast, direct offers from motivated and qualified buyers, to detailed listing and marketing proposals, we provide customized solutions to suit your precise needs.

We take a professional, full-service approach in representing you in the sale of your property, and we look forward to earning your business!

Last modified on Wednesday, 16 September 2015 20:26
Monday, 27 July 2015 22:18

Market Watch - July 2015

Despite geopolitical turmoil in Greece and China (China's stock markets have lost trillions) and a huge drop in commodities such as gold and oil which typically signals a global economic slowdown, bonds have not reacted accordingly. We have yet to break July 8th lows of 2.20% on the 10 year treasury and bounced off a low of 2.21% to close today at 2.228%. 

 

However, this reaction may only represent a short term bottom, and therefore, it is advisable to lock now especially those transactions near their funding dates. Long term the stock market is potentially preparing for a huge correction, the overseas flight to tangible's should continue. 

 

By: Gill Figueroa, First Commercial Capital

Last modified on Monday, 27 July 2015 22:31
Monday, 29 June 2015 21:45

Market Watch - June 2015

U.S Today's 10 year Treasury is at 2.36% and moving up because of the potential debt deal in Greece. Please note if Greece talks falls apart this will open a window of opportunity for a opportunistic rate lock. So we are back to monitoring geopolitical issues as the Fed has only a maybe for potential hikes. . 

 

Interesting times, note if Greece is indeed resolved and we continue the stream of good news be prepared for a Fed move soon, resistance at 2.50% and floor at 2.20%. 

 

By: Gill Figueroa, First Commercial Capital

Last modified on Monday, 29 June 2015 21:54
Thursday, 19 March 2015 16:58

Market Watch - March 2015

The 10 Year Treasury has been hovering between 2.00 and 2.15 over the past month leading up today's Federal Open Market Committee's meeting. While a sense of fear of rising rates clearly exists, the FOMC took a dovish position and relegated any potential interest rate hike to it's next meeting in June when it will revisit economic conditions. 

 

With this cat and mouse game in play, the market should remain stable for now, providing an opportunistic time to lock those rates before an upward trend firmly takes hold. 

 

By: Gill Figueroa, First Commercial Capital

Last modified on Thursday, 19 March 2015 17:56
Tuesday, 03 March 2015 21:28

Is my property subject to rent control?

Question: My property is located in the city of Los Angeles. It was originally built in 1929. It has now been reconstructed as a duplex and a certificate of occupancy was isssued in 1979. My question is whether this property is under rent control?

 

Answer: Since you have obtained a Certificate of Occupancy issued after October 1, 1978 and the configuration of your property has changed, your property would not be subject to rent control. 

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Last modified on Tuesday, 03 March 2015 21:32
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