Urban Infill Update: Multi-Family Market “On Fire!”

A brief Q&A this morning with Land Advisors’ Urban Infill Marketing Consultant, Tim Barden, revealed the following:

  • Demand for multi-family apartment sites in and around the L.A. Basin is WAY up!
  • Hottest selling areas include Hollywood, Pasadena, L.A.’s Westside, and the South San Fernando Valley
  • Existing Class A apartment buildings are selling at record low cap rates
  • Every multi-family developer seems to be trying to get a piece of the action
  • Commentary: With talk of another economic “double-dip,” is multi-family experiencing the same micro-bubble that was seen after the fall of the housing market in ’06/’07?

CHECK IT OUT: New Exclusive Listing – 173 Units – Pasadena; “Hudson & Walnut” and “El Molino & Walnut”. Click here for more info: http://bit.ly/q0xnrS

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