A week ago, the Los Angeles Controller’s Office released what it called the “Top 100 Rental Properties” list in LA. As I started going through the addresses, I noticed something interesting. I recognized many of the properties not because I was involved in them, but because a surprisingly significant number of them have traded over the past few years. Roughly 16% of the buildings on the list have sold within the last 4 years. That raises a bigger issue. Instead of focusing on

The ADU Parking Tradeoff in LA Multifamily A lot of LA multifamily owners are adding ADUs right now, but there’s no clear consensus on the best strategy. I’m seeing two very different approaches: Some owners are eliminating parking entirely to maximize unit count Others are adding a few ADUs while preserving most of their existing parking There’s no “right” answer. It’s a classic short-term vs. long-term tradeoff. Short term: Units without parking are generally harder to leas

The biggest risk in LA multifamily today isn’t interest rates, rent control, or new supply. It’s habitability claims. The tough part is this: There doesn’t even need to be a real habitability issue to get pulled into a sizable lawsuit. We’re seeing more tenant attorneys actively targeting buildings, finding small issues, and turning them into leverage. Most owners don’t realize how exposed they are until they’re already dealing with it. This is no longer just a legal issue. I

100% of the time I only sell Los Angeles apartment buildings. I don’t try to cover other product types, and I don’t try to cover other markets outside of Los Angeles. In LA where every deal is hyper local and constantly shifting, being fully focused matters. I get calls all the time to sell office, retail, or assets outside of Los Angeles and I say no. Not because I can’t do it, but because my clients are better served when I stay focused on what I actually specialize in. Bei

A new construction multifamily investor came into my office this week to hear our marketing pitch on the value of one of his Hollywood buildings. After I shared the valuation, he pulled up ChatGPT and said: “Chat told me cap rates are between 4–5%, not 6% for new product.” What I took from that: Chat and any AI model is only as good as the data you give it. With no real inputs, it can actually hurt valuations and underwriting. Especially in a market like LA where everything i

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Los Angeles Multifamily Market Update March 2023 By: Jason Tuvia Where are Interest Rates Now for LA Multifamily? Many lenders have...

December 2022 By: Jason Tuvia How High are Cap Rates on LA Rent Control Multifamily? Within the past 90 days throughout all of Marcus &...

Hiring continues, but signs of slowdown emerging. The labor market welcomed 263,000 new jobs in September, above the long-term monthly...

After vacancies plunged to historic lows for many parts of the country in 2021, rates have trended up in the first half of 2022 as...

Last month’s employment report ideal for Fed objectives. Employers added 315,000 personnel to payrolls in August, below the 526,000 jobs...

The red-hot single-family sector rapidly cooled as the Federal Reserve stepped up its fight against inflation. Surging mortgage rates...

Inflation trend may be turning corner. The headline Consumer Price Index in July was up 8.5 percent compared to a year prior, a...

Possible recession predictor lit up this month. In early July, the spread between the two-year and 10-year treasuries inverted, with the...