Monthly Archives: December 2016

Duplex For Sale Manhattan Beach Hermosa Beach California

Manhattan Beach California DUPLEX INVESTMENT PROPERTY FOR SALE coming soon!

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John Corrales and Lauren Forbes at Coldwell Banker Manhattan Beach (310-346-3332) have a Duplex multifamily income investment Property coming soon in the Hermosa Beach Manhattan Beach neighborhood.  This Duplex currently generates a net operating income of over $35,000 per year.  The Pro-Forma is showing the possibility of over $44,000 per year. To see all available investment properties in Manhattan Beach click this live link now!

The fully rented duplex is perfectly situated between north Hermosa Beach and South Manhattan Beach.  Only 4 short walking blocks to pristine white sand beaches, perfect waves for surfers and easy stroll to downtown Manhattan Beach for fine dining and shopping.  The Duplex offers On-Site  laundry facilities and 2 car garage parking.  The 2 bedroom apartment and the 1 bedroom apartment both feature outdoor living areas perfect for evening BBQ’s or pre-surf coffees!

Hurry Call John Corrales at Coldwell Banker Manhattan Beach today (310-346-3332) for more details, price and formal financials on this unbelievable opportunity coming available in early 2017.  You can also visit John’s website at www.ForbesCorrales.com

Orange County California Commercial Apartment Buildings For Sale

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At the time of this blogpost (December 16, 2016) there were 26 Commercial Apartment Buildings For Sale in Orange County California.  19 of these investment properties were smaller commercial apartment buildings ranging in size from 5-10 units with Gross Incomes between $100,000-$200,000 on average.  Five of the available multifamily income properties are 11-23 unit buildings bringing in $250,000-$400,000 gross income on average.  The final two buildings currently for sale are both just under 100 unit very large multifamily commercial apartment buildings generating $2,000,000-$2,500,000  gross income on average.

To view these and other Commercial Apartment Buildings For Sale remember to visit MultiFamilyOWL often, as we are the #1 resource for MultiFamily Income Property Investing in Orange County, Riverside County, San Bernardino County and Los Angeles County.

We will be highlight Duplex, Triplex and Fourplex Investment Properties in Orange County tomorrow.  We also are assisting several Sellers valuate their Orange County Investment Property Portfolios for future sale.  Keep an eye out for upcoming videos!

Find Multi-family Home and Property Listings in Orange County, CA

Orange County has an affluent population of 3,010,23 and is The third most populous county in the United States, second only to Los Angeles and San Diego County.  Investing in Orange County is an excellent choice for multifamily residential income property owners. The overall economy is improving and decreasing unemployment rates are excellent for rising rental rates. Orange County’s great climate, family fun attractions like Disneyland and Knott’s Berry Farm, several beaches and more than 40 miles of coastline makes Orange county cities a popular vacation destination. Additionally if you convert your apartment into a vacation rental, you will create short term rentals that you will yield you higher rental rates.

Orange County is known for its political conservatism. A 2005 academic study listed three Orange County cities as being among America’s 25 “most conservative.”  The city of Santa Ana is the county seat and is a part of Orange County’s 947.98 square miles. You may receive higher rents for multi-unit residential investment properties near the coast, however in general the asking purchase prices are higher.

Where most population centers tend to be identified by a major city, there is no defined urban center in Orange County. It is mostly suburban except for some traditionally urban areas at the centers of the older cities of Anaheim, Fullerton, Huntington Beach, Orange, and Santa Ana. There are several edge city-style developments such as Irvine Business Center, Newport Center, and South Coast Metro. Residents sometimes figuratively divide the county into “North Orange County” and “South County”. This is more of a cultural and demographic distinction perpetuated by the popular television shows “The OC”, “The Real Housewives of Orange County” and “Laguna Beach”, between the older areas closer to Los Angeles, and the more affluent and recently developed areas to the South and East.

Orange County is famous for its tourism and is the headquarters of several Fortune 500 and Fortune 1000 headquarters for Ingram Micro, Broadcam, Western Digital, Edwards Lifesciences, Standard Pacific, Quiksilver and Apria Healthcare. Notable technology companies are there like Gateway, Toshiba and Linksys. It is also an automotive, fast food & casual dining center containing the headquarters of Mercedes-Benz, Mazda, Toyota, Samsung, Kia Motors, Hyundai, Del Taco, Taco Bell, El Pollo Loco, In-N-Out Burger, Claim Jumper, Marie Callender’s, and Wienerschnitzel. Perfectly positioning you as an owner serving these industries, fewer and fewer apartment buildings are being built in California. Several are being torn down to build big mega mansions, driving up demand and creating higher rental rates.

Moreover, there are great tax benefits to owning income producing real estate. A property manager can help you control owner/ landlord expenses and if necessary guide you through the tricky Section 8 and eviction process. We have many duplexes, triplexes, fourplexes, and commercial apartment buildings without rent control, with on site parking, laundry and separately metered utilities.

Invest with us and request more information about the historical CAP Rates for your preferred Orange county cities and ask about the GRM (Gross Rent Multiplier), Net Operating Income and Gross Operating Income for specific listings.

Information gathered from Wikipedia and www.propertymetrics.com

Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Orange County.
You might be interested in looking in one of these Orange County cities: Anaheim – Brea – Buena Park – Corona Del Mar – Costa Mesa – Dana Point – Fountain Valley – Fullerton – Garden Grove – Huntington Beach – La Habra – Laguna Beach – Los Alamitos – Newport Beach – Orange – San Clemente – Santa Ana – Seal Beach – Sunset Beach – Tustin

MultiFamilyOWL.com is California’s #1 multifamily investment property website to search thousands of multifamily real estate listings for sale, for rent and for lease throughout Orange County, Los Angeles and San Diego California. Find large commercial apartment buildings, duplexes, triplexes and fourplexes with MultiFamilyOWL’s advanced residential income property search features. The multi-family listings include in-depth descriptions, operating financials and high resolution property photos to help you get an inside look. Stay informed with our blog and be notified of new California multi-family and multi-unit residential income property listings by following our social media accounts. Email us at contact@MultiFamilyOwl.com

 

San Bernardino Commercial Apartment Building Complex, Duplex multifamily income investment property for sale

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San Bernardino County has quickly become the center of attention for many seasoned income multifamily investment property owners.  Lower Gross Rent Multipliers and the 91 freeway expansion making it easier for renters to access Los Angeles and Orange County high paying job markets are the two biggest motivators when MultiFamilyOwl polls its investors.

With very narrow inventories of multifamily Duplex, Triplex, 4-plex and certainly Commercial Apartment Buildings Complexes in the coastal communities of Los Angeles and Orange County, San Bernardino County is receiving much interest.   The inventory levels of available multifamily investment properties is always high in San Bernardino County but it might not be that way for long.

The 91 Freeway expansion is FINALLY nearing completion which will cut commute times for renters who are working in coastal Orange County and coastal Los Angeles County.  Allowing for higher incomes and eventual rents rising accordingly.  Currently CAP Rates and GRMs are anywhere from 15-30% lower than the coastal communities.

MultiFamilyOWL.com receives emails and phone calls daily from investors looking to add to their multifamily income property profile.  Stay in touch!

Duplex Manhattan Beach—4 unit (4-plex) apartment building Redondo Beach—Duplex San Clemente

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MultiFamilyOWL.com wil be assisting on three new investment properties over the next couple of weeks.  We will be posting videos on each transaction and keeping everyone updated on the appropriate statistics for each transaction.

Manhattan Beach duplex properties have been trading out well above 20x Gross over the past 180 days.  However with so much land value on a majority of these sales you really need to look at each comparable individually.

The Redondo Beach 4-Plex (4 unit apartment building) market has been more reasonable with a majority of the 4plexes selling on 50×150 7,500sq’ lots trading out around 16x Gross.  There is incredibly high demand for these buildings right now.

San Clemente has been on a tear, but still offers the best GRM and CAP rate potential.  We have seen quite a few sales under the 15x gross recently.  Rents are still rising and with all the development occurring near the Amtrak station on the north side of town we expect many years of increasing rents.

Videos coming soon!

QUICK TIP: How to choose a Commercial Real Estate Agent (Realtor) in California when looking to buy investment property

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QUICK TIP: How to choose a Commercial Real Estate Agent (Realtor) in California when looking to buy investment property:

Many people in California already have a Realtor who assists them with their single family home (principle residence) transactions, but are not sure where to look for an expert real estate agent that specializes in Commercial Investment Property buying and selling in California.

Some good topics and questions to consider are the following:

  1. Does the real estate agent personally own the type of commercial investment property you are looking to sell or purchase
  2. Does the Realtor have any special Commercial Property designations such as CCIM or CIPS
  3. Has the real estate agent actively managed any commercial properties
  4. Is the Realtor active on CoStar and/or Loopnet (two amazing commercial websites!)
  5. How many commercial investment properties has the agent sold in the direct geographic area you are looking in the last 12 months
  6. Does the real estate agent have good knowledge of the current leasing market in the area you are looking
  7. Is the agent with a Commercial Real Estate firm that has a good inventory of properties currently for sale in the area you are looking
  8. Can the Realtor provide you with a list of past clients you can contact who have completed commercial property transactions with them
  9. Ask the real estate agent for a resume and complete list of services that will be provided
  10. Be sure you feel comfortable with you Commercial Real Estate Agent!

NNN Triple Net Lease Investment property Los Angeles California

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Operating Expenses can crush multifamily income property owners and reduce CAP Rates to unsustainable levels.  Many multifamily income property owners in California are moving to single tenant Triple Net Lease NNN investment properties in hopes of raising their CAP rates.

Although having no responsibility for operating expenses sounds tempting with Triple Net Lease investment properties.  We at MultiFamilyOWL believe in MULTIFAMILY INCOME PRODUCING PROPERTIES and become experts in keeping operating expenses down under 30% on most multifamily income properties (including management fees).

The risk involved with single tenant investment property with the rise of business being done online and less and less need for “brick and mortar” store fronts is not something MultiFamilyOWL investors are comfortable with.  We run our multifamily income properties efficiently and keep our expenses low and vacancy rates minimal.

Even when ALL business is done online, EVERYONE WILL STILL NEED A PLACE TO LIVE!