SOUTHERN CALIFORNIA anes WINTER 2020 - VOLUME 69
Transcript of SOUTHERN CALIFORNIA anes WINTER 2020 - VOLUME 69
the essential resource for apartment investors
SOUTHERN CALIFORNIAWINTER 2020 - VOLUME 69Hanes
M U L T I F A M I L Y I N V E S T O R
CIRCULATED TO 20,988 OWNERS OF:
43,21243,212INDIVIDUAL MULTIFAMILY
PROPERTIES IN 5 SOUTHERN CALIFORNIA REGIONS
Source: Hanes Investment Realty, Inc. and CoStar Comps, Inc. - Profiling 532 apartment transactions 1/1/2019 through 6/30/2019 and 1/1/2020 through 6/30/2020 for 17 cities/areas in Los Angeles. The data includes sales reported by CoStar Comps as of October 2020. The data are average indicators only - each property is unique. Contact us at (818) 865-8305 for information specific to your property.
Age GRM CAP # of Units
Cost Per Unit
Cost Per SQFT
Rent Per SQFT
# of Sales
Beverly Hills1st Half 2019 74.3 23.20 2.80 9 $609,214 $589.29 $2.14 61st Half 2020 76.8 2.93 6 $618,742 $628.62 5
Change 2.5 0.13 2% 7% -17%
Brentwood1st Half 2019 50.3 18.33 3.63 8 $590,153 $487.82 $2.35 41st Half 2020 48.0 17.35 3.35 8 $475,750 $507.14 $2.45 2
Change -2.3 -0.98 -0.28 -19% 4% 4% -50%
Hawthorne1st Half 2019 54.2 14.34 5.25 7 $269,215 $271.10 $1.60 111st Half 2020 56.6 13.54 4.78 7 $261,249 $277.45 $1.70 8
Change 2.4 -0.80 -0.47 -3% 2% 6% -27%
Hollywood1st Half 2019 69.0 15.29 4.38 21 $300,046 $389.17 $2.18 651st Half 2020 72.5 14.81 4.50 15 $323,461 $420.54 $2.46 41
Change 3.5 -0.48 0.12 8% 8% 13% -37%
Inglewood1st Half 2019 60.3 13.80 4.41 7 $274,821 $285.00 $1.93 151st Half 2020 62.0 14.08 5.32 7 $280,840 $319.34 $1.80 6
Change 1.7 0.28 0.91 2% 12% -7% -60%
Koreatown1st Half 2019 71.5 14.67 4.49 15 $289,470 $329.12 $1.89 291st Half 2020 79.7 15.62 3.90 13 $213,948 $292.41 $1.64 17
Change 8.2 0.95 -0.59 -26% -11% -13% -41%
Mid-Wilshire1st Half 2019 64.6 15.89 3.91 15 $297,668 $351.09 $1.92 291st Half 2020 60.0 14.50 4.12 24 $315,665 $390.57 $2.37 30
Change -4.6 -1.39 0.21 6% 11% 23% 3%
Mid-City/LaFayette1st Half 2019 73.4 13.18 4.63 9 $214,587 $299.58 $2.04 211st Half 2020 73.9 16.36 4.75 10 $301,749 $366.00 $1.86 15
Change 0.5 3.18 0.12 41% 22% -9% -29%
Palms1st Half 2019 53.3 16.10 3.78 11 $417,739 $450.05 $2.03 121st Half 2020 50.9 16.40 3.87 11 $313,017 $370.80 $2.24 12
Change -2.4 0.30 0.09 -25% -18% 10%
Pico/Robertson1st Half 2019 46.8 15.01 4.26 10 $469,179 $405.21 $1.83 91st Half 2020 45.8 16.40 3.93 7 $524,762 $442.16 $2.53 4
Change -1.0 1.39 -0.33 12% 9% 38% -56%
Santa Monica1st Half 2019 66.2 17.50 3.85 9 $482,442 $535.50 $2.60 281st Half 2020 66.1 18.58 3.77 13 $453,427 $557.69 $2.97 23
Change -0.1 1.08 -0.08 -6% 4% 14% -18%
Silver Lake /Echo Park
1st Half 2019 63.1 16.74 3.92 9 $255,133 $349.07 $2.09 191st Half 2020 63.8 18.34 3.81 24 $283,602 $406.75 $2.20 16
Change 0.7 1.60 -0.11 11% 17% 5% -16%
Torrance1st Half 2019 61.4 16.90 3.39 9 $247,973 $363.30 $1.76 101st Half 2020 56.2 14.39 4.54 33 $269,944 $381.94 $1.91 9
Change -5.2 -2.51 1.15 9% 5% 9% -10%
West Los Angeles1st Half 2019 55.5 17.05 3.66 10 $423,599 $505.91 $2.21 191st Half 2020 55.5 16.00 4.77 10 $387,058 $493.20 $3.03 8
Change 0.0 -1.05 1.11 -9% -3% 37% -58%
West Hollywood1st Half 2019 69.4 17.84 3.55 15 $363,711 $455.69 $1.91 121st Half 2020 70.4 16.61 3.88 10 $524,812 $503.54 $2.42 5
Change 1.0 -1.23 0.33 44% 10% 27% -58%
West Downtown1st Half 2019 73.1 12.86 4.51 45 $190,085 $280.43 $1.94 181st Half 2020 88.7 11.74 5.25 32 $148,599 $289.30 $2.66 14
Change 15.6 -1.12 0.74 -22% 3% 37% -22%
Westwood1st Half 2019 63.0 17.98 3.82 47 $620,739 $606.90 $2.18 91st Half 2020 70.0 23.00 2.50 6 $516,666 $566.31 $2.05 1
Change 7.0 5.02 -1.32 -17% -7% -6% -89%
Studio 1 Bed 2 Bed 3 Bed Total Surveyed
Beverly HillsMinimum $1,350 $1,740 $2,495 $3,760
208Maximum $3,500 $5,200 $7,850 $6,450Average $1,830 $2,579 $3,640 $5,078
BrentwoodMinimum $1,090 $1,550 $2,150 $2,793
165Maximum $2,306 $3,595 $6,000 $6,500Average $1,685 $2,322 $3,144 $4,454
HawthorneMinimum $1,225 $1,425 $1,650 $2,137
55Maximum $1,525 $1,750 $2,295 $4,100Average $1,306 $1,539 $1,941 $2,751
HollywoodMinimum $995 $1,099 $1,775 $2,325
693Maximum $3,300 $3,795 $14,000 $6,995Average $1,584 $1,934 $2,691 $3,677
InglewoodMinimum $548 $1,375 $1,725 $2,295
101Maximum $2,038 $2,583 $3,700 $3,500Average $1,285 $1,693 $2,104 $2,726
KoreatownMinimum $1,050 $1,100 $1,498 $2,600
290Maximum $2,500 $3,095 $4,091 $3,600Average $1,459 $1,789 $2,389 $3,029
Mid-WilshireMinimum $1,200 $1,500 $1,699 $2,595
152Maximum $3,000 $4,750 $5,750 $5,500Average $1,513 $2,188 $2,816 $3,695
Mid-CityMinimum $1,295 $1,295 $1,750 $2,295
228Maximum $2,399 $3,505 $6,200 $7,164Average $1,556 $1,895 $2,675 $3,414
PalmsMinimum $1,050 $1,125 $1,850 $2,798
328Maximum $2,723 $3,540 $4,310 $5,200Average $1,623 $2,006 $2,582 $3,503
Pico/RobertsonMinimum $1,775 $1,495 $1,950 $2,890
151Maximum $1,775 $2,995 $4,100 $5,500Average $1,775 $2,009 $2,698 $3,914
Santa MonicaMinimum $1,380 $1,690 $2,100 $3,095
561Maximum $3,800 $7,565 $11,500 $30,690Average $1,995 $2,582 $3,454 $5,452
Silver Lake / Echo Park
Minimum $995 $1,500 $1,500 $3,100155Maximum $3,650 $4,900 $4,750 $5,600
Average $1,687 $2,211 $2,695 $4,015
TorranceMinimum $795 $1,425 $1,800 $1,995
121Maximum $2,550 $3,545 $10,500 $4,500Average $1,554 $1,789 $2,515 $2,898
West Los AngelesMinimum $1,370 $1,695 $2,225 $3,270
81Maximum $2,158 $3,595 $7,000 $4,990Average $1,639 $2,150 $3,058 $4,086
West HollywoodMinimum $1,295 $1,595 $1,798 $2,995
317Maximum $3,815 $34,950 $7,130 $9,500Average $1,890 $2,612 $3,253 $5,499
West DowntownMinimum $850 $1,095 $1,995 $3,100
86Maximum $3,144 $3,164 $4,600 $8,360Average $1,640 $2,026 $2,994 $5,302
WestwoodMinimum $1,314 $1,550 $2,050 $2,995
229Maximum $2,995 $5,900 $5,500 $16,000Average $1,894 $2,569 $3,243 $5,594
Average Asking Rents: $1,642 $2,111 $2,817 $4,064
Total # of Apartments Surveyed: 3,921
The information contained in Rent Watch are average indicators only and deemed reliable but not guaranteed. This survey does not consider age, location, amenities or the condition of individual properties. Each property is unique. This information is for principals only and may not be reproduced in any form without previous written consent. Source: Hanes Investment Realty, Inc., Zillow
LOS ANGELESASKING RENT LEVELS - THIRD QUARTER 20201ST HALF 2019 vs 1ST HALF 2020 CLOSED TRANSACTIONS
Market Watch rent Watch
Source: Hanes Investment Realty, Inc. and CoStar Comps, Inc. - Profiling 244 apartment transactions 1/1/2019 through 6/30/2019 and 1/1/2020 through 6/30/2020 for 17 cities/areas in the San Fernando Valley. The data includes sales reported by CoStar Comps as of October 2020. The data are average indicators only - each property is unique. Contact us at (818) 865-8305 for information specific to your property.
Age GRM CAP # of Units
Cost Per Unit
Cost Per SQFT
Rent Per SQFT
# of Sales
Burbank1st Half 2019 52.2 16.21 4.12 12 $367,500 $423.78 $2.19 61st Half 2020 48.3 17.00 4.10 12 $356,620 $428.23 $2.12 8
Change -3.9 0.79 -0.02 -3% 1% -3% 33%
Canoga Park1st Half 2019 30.0 3.40 24 $283,333 $322.84 11st Half 2020 56.5 5.06 33 $182,933 $241.75 2
Change 26.5 1.66 -35% -25% 100%
Chatsworth1st Half 2019 48.3 4.61 30 $222,007 $316.43 31st Half 2020 No Data
Change
Glendale1st Half 2019 52.7 16.38 3.97 18 $322,314 $385.31 $2.02 381st Half 2020 53.9 16.65 3.53 12 $370,266 $381.20 $1.83 15
Change 1.2 0.27 -0.44 15% -1% -9% -61%
North Hills1st Half 2019 35.2 11.40 4.68 41 $194,083 $236.71 $1.25 61st Half 2020 53.8 12.54 4.35 29 $211,790 $262.04 6
Change 18.6 1.14 -0.33 9% 11%
North Hollywood1st Half 2019 49.8 15.82 4.25 13 $235,634 $236.71 $1.90 251st Half 2020 46.0 14.19 4.45 24 $310,927 $358.48 $1.88 12
Change -3.8 -1.63 0.20 32% 51% -1% -52%
Northridge1st Half 2019 29.3 14.45 5.55 26 $242,588 $224.61 31st Half 2020 50.0 15.09 4.51 18 $239,697 $286.99 $1.66 4
Change 20.7 0.64 -1.04 -1% 28% 33%
Panorama City1st Half 2019 45.3 10.89 4.94 19 $177,006 $209.37 $1.43 31st Half 2020 56.9 10.87 4.45 41 $178,455 $218.45 $1.19 11
Change 11.6 -0.02 -0.49 1% 4% -17% 267%
Reseda1st Half 2019 41.0 12.61 4.67 36 $278,769 $260.29 $1.87 51st Half 2020 94.0 16.72 3.07 6 $247,500 $224.12 1
Change 53.0 4.11 -1.60 -11% -14% -80%
San Fernando1st Half 2019 57.5 5.02 8 $124,250 $302.90 21st Half 2020 No Data
Change
Sherman Oaks1st Half 2019 49.2 15.50 4.15 14 $333,515 $342.00 $2.05 111st Half 2020 58.5 14.82 4.50 10 $327,549 $324.07 $2.13 15
Change 9.3 -0.68 0.35 -2% -5% 4% 36%
Studio City1st Half 2019 51.0 21.00 4.01 28 $332,142 $278.58 11st Half 2020 58.5 17.03 4.06 13 $349,583 $368.99 $1.96 2
Change 7.5 -3.97 0.05 5% 32% 100%
Tarzana1st Half 2019 47.1 14.29 4.14 37 $243,048 $313.85 $1.70 81st Half 2020 33.5 12.67 3.60 49 $260,292 $316.91 $2.13 2
Change -13.6 -1.62 -0.54 7% 1% 25% -75%
Toluca Lake1st Half 2019 No Data1st Half 2020 57.0 18.28 3.61 14 $300,777 $307.21 $1.11 3
Change
Tujunga1st Half 2019 No Data1st Half 2020 No Data
Change
Valley Village1st Half 2019 64.0 20.21 3.52 14 $287,014 $260.79 $1.57 31st Half 2020 59.5 15.96 3.88 7 $252,507 $268.56 $1.70 4
Change -4.5 -4.25 0.36 -12% 3% 8% 33%
Van Nuys1st Half 2019 53.9 13.34 4.39 16 $193,029 $254.22 $1.60 261st Half 2020 53.4 13.40 4.46 21 $184,471 $263.24 $1.70 18
Change -0.5 0.06 0.07 -4% 4% 6% -31%
Studio 1 Bed 2 Bed 3 Bed Total Surveyed
BurbankMinimum $1,300 $1,525 $1,719 $2,500
163Maximum $2,850 $4,220 $3,750 $5,220Average $1,659 $1,907 $2,283 $3,336
Canoga ParkMinimum $1,295 $1,380 $1,725 $2,486
55Maximum $2,195 $2,069 $2,571 $3,179Average $1,488 $1,569 $2,053 $2,743
ChatsworthMinimum $1,642 $1,650 $1,950
13Maximum $1,885 $2,100 $2,595Average $1,764 $1,801 $2,244
EncinoMinimum $1,395 $1,595 $1,850 $2,700
67Maximum $2,000 $2,256 $3,300 $4,095Average $1,704 $1,836 $2,313 $3,162
GlendaleMinimum $900 $1,395 $1,800 $2,600
344Maximum $2,755 $3,700 $8,250 $4,329Average $1,670 $1,858 $2,402 $3,265
North HillsMinimum $1,295 $1,350 $1,800 $2,250
15Maximum $1,300 $1,775 $2,195 $2,800Average $1,298 $1,524 $1,948 $2,585
North Hollywood Minimum $1,325 $1,295 $1,600 $2,450
262Maximum $3,300 $2,725 $3,215 $4,395Average $1,769 $1,813 $2,333 $3,179
NorthridgeMinimum $1,100 $1,445 $1,795 $2,450
82Maximum $2,700 $2,292 $2,750 $3,420Average $1,595 $1,760 $2,270 $2,936
Panorama CityMinimum $1,350 $1,750 $2,510
17Maximum $1,950 $2,800 $2,510Average $1,574 $2,010 $2,510
ResedaMinimum $1,150 $1,495 $1,695 $2,075
38Maximum $1,525 $1,750 $2,750 $2,300Average $1,378 $1,586 $2,064 $2,188
Sherman OaksMinimum $1,225 $1,395 $1,698 $2,375
225Maximum $2,000 $2,895 $3,645 $4,050Average $1,582 $1,808 $2,361 $3,045
Studio CityMinimum $1,400 $1,495 $1,925 $2,599
114Maximum $2,100 $2,475 $3,500 $6,000Average $1,784 $1,972 $2,595 $3,474
TarzanaMinimum $1,455 $1,475 $1,700 $2,525
34Maximum $1,513 $1,875 $2,350 $3,250Average $1,481 $1,621 $1,981 $2,792
Toluca LakeMinimum $1,625 $1,600 $1,899 $2,850
30Maximum $1,625 $2,300 $3,175 $3,895Average $1,625 $1,951 $2,425 $3,410
Valley VillageMinimum $1,445 $1,425 $1,795 $2,298
77Maximum $1,820 $2,194 $2,995 $3,650Average $1,687 $1,774 $2,289 $2,891
Van NuysMinimum $1,195 $1,250 $1,675 $2,195
104Maximum $1,550 $2,045 $2,600 $3,300Average $1,379 $1,621 $2,085 $2,744
Woodland HillsMinimum $1,350 $1,595 $1,950 $2,650
101Maximum $2,424 $2,704 $3,643 $6,000Average $1,830 $1,966 $2,460 $3,368
Average Asking Rents: $1,606 $1,761 $2,242 $2,977
Total # of Apartments Surveyed: 1,741
The information contained in Rent Watch are average indicators only and deemed reliable but not guaranteed. This survey does not consider age, location, amenities or the condition of individual properties. Each property is unique. This information is for principals only and may not be reproduced in any form without previous written consent. Source: Hanes Investment Realty, Inc., Zillow
SAN FERNANDO VALLEYASKING RENT LEVELS - THIRD QUARTER 2020
Market Watch rent Watch
1ST HALF 2019 vs 1ST HALF 2020 CLOSED TRANSACTIONS
Source: Hanes Investment Realty, Inc. and CoStar Comps, Inc. - Profiling 133 apartment transactions 1/1/2019 through 6/30/2019 and 1/1/2020 through 6/30/2020 for 17 cities/areas in the San Gabriel Valley. The data includes sales reported by CoStar Comps as of October 2020. The data are average indicators only - each property is unique. Contact us at (818) 865-8305 for information specific to your property.
Age GRM CAP # of Units
Cost Per Unit
Cost Per SQFT
Rent Per SQFT
# of Sales
Alhambra1st Half 2019 60.7 17.45 3.52 9 $301,339 $354.06 $1.81 91st Half 2020 58.5 16.41 4.04 7 $324,087 $372.19 $1.92 6
Change -2.2 -1.04 0.52 8% 5% 6% -33%
Arcadia1st Half 2019 59.0 2.48 15 $400,000 $314.10 11st Half 2020 67.5 17.91 3.32 14 $372,881 $396.98 $1.81 4
Change 8.5 0.84 -7% 26% 300%
Azusa1st Half 2019 61.0 6 $233,333 $317.03 11st Half 2020 No Data
Change
Baldwin Park 1st Half 2019 45.0 17.77 3.27 10 $240,571 $260.39 $1.41 21st Half 2020 No Data
Change
Covina1st Half 2019 63.2 16.57 4.06 7 $234,108 $270.30 $1.51 91st Half 2020 67.3 15.85 3.69 9 $210,486 $302.18 $1.56 3
Change 4.1 -0.70 -0.37 -10% 12% 3% -67%
El Monte1st Half 2019 58.4 13.62 4.56 61 $233,866 $310.52 $1.79 51st Half 2020 58.0 3.61 6 $286,833 $299.98 2
Change -0.4 -0.95 23% -3% -60%
Highland Park 1st Half 2019 60.3 15.32 4.05 16 $235,863 $319.17 $1.57 61st Half 2020 70.3 14.65 4.78 14 $291,198 $388.66 $2.57 9
Change 10.0 -0.60 0.73 23% 22% 64% 50%
La Puente / Industry 1st Half 2019 45.0 14.56 4.53 10 $271,854 $248.91 21st Half 2020 28.0 4.45 96 $186,458 $266.14 1
Change -17.0 -0.08 -31% 7% -50%
Monrovia1st Half 2019 66.3 16.04 4.16 7 $326,363 $416.42 31st Half 2020 68.0 5.50 7 $350,313 $422.88 2
Change 1.7 1.34 7% 2% -33%
Monterey Park1st Half 2019 62.3 19.81 2.67 9 $300,833 $321.97 31st Half 2020 54.0 16.70 3.59 7 $295,833 $291.71 $1.54 3
Change -8.3 -3.11 0.92 -2% -9%
Pasadena1st Half 2019 73.3 16.27 4.15 13 $323,396 $431.64 $2.27 161st Half 2020 69.3 16.05 3.98 13 $319,193 $435.43 $2.23 13
Change -4.0 -0.22 -0.17 -1% 1% -2% -19%
Pomona1st Half 2019 74.5 13.21 4.87 8 $152,298 $222.70 $1.41 41st Half 2020 72.4 12.50 5.48 11 $195,305 $263.96 $1.95 5
Change -2.1 -0.71 0.61 28% 19% 38% 25%
Rosemead1st Half 2019 27.0 7 $145,714 $208.55 11st Half 2020 34.0 18 $277,777 $284.45 1
Change 7.0 91% 36%
San Gabriel1st Half 2019 54.8 16.88 3.90 12 $295,334 $348.66 41st Half 2020 50.3 17.79 3.53 13 $311,925 $374.96 $1.75 4
Change -4.5 0.91 -0.37 6% 8%
South El Monte1st Half 2019 65.8 15.1 4.01 6 $220,792 $311.07 $1.38 41st Half 2020 65.7 15.97 3.93 7 $260,278 $296.89 $1.48 3
Change -0.1 0.88 -0.08 18% -5% 7% -25%
South Pasadena1st Half 2019 80.3 2.94 9 $375,655 $455.19 31st Half 2020 78.3 12 $250,916 $419.32 3
Change -2.0 -33% -8%
Temple City1st Half 2019 63.0 4.7 23 $363,043 $397.92 11st Half 2020 No Data
Change
Studio 1 Bed 2 Bed 3 Bed Total Surveyed
AlhambraMinimum $1,450 $1,450 $1,600 $2,299
72Maximum $1,450 $2,258 $2,843 $3,200Average $1,450 $1,658 $1,939 $2,593
ArcadiaMinimum $1,395 $1,500 $1,600 $2,350
34Maximum $2,400 $1,850 $2,550 $3,650Average $1,995 $1,634 $2,025 $2,711
AzusaMinimum $1,375 $700 $1,685
16Maximum $1,375 $1,625 $2,095Average $1,375 $1,406 $1,846
Baldwin Park Minimum $1,150 $1,250 $1,850
4Maximum $1,150 $1,650 $1,850Average $1,150 $1,450 $1,850
CovinaMinimum $1,350 $1,600 $2,350
18Maximum $1,695 $2,375 $2,600Average $1,536 $1,949 $2,475
El MonteMinimum $1,200 $1,545
13Maximum $1,600 $1,850Average $1,470 $1,689
Highland Park Minimum $1,450 $1,445 $1,800 $2,195
47Maximum $1,545 $2,650 $2,800 $3,595Average $1,498 $1,789 $2,143 $2,968
La Puente / Industry Minimum $1,445 $2,095 $2,100
5Maximum $1,575 $2,095 $2,200Average $1,510 $2,095 $2,150
MonroviaMinimum $1,884 $1,450 $1,850 $2,880
27Maximum $2,420 $2,475 $2,942 $2,880Average $2,152 $1,764 $2,238 $2,880
Monterey ParkMinimum $995 $1,700 $1,700 $2,000
18Maximum $995 $1,700 $2,400 $2,800Average $995 $1,700 $1,936 $2,369
PasadenaMinimum $1,150 $1,380 $845 $2,595
256Maximum $2,322 $4,385 $4,350 $6,500Average $1,715 $1,939 $2,431 $3,667
PomonaMinimum $875 $950 $1,650 $2,100
27Maximum $2,600 $1,970 $2,030 $2,100Average $1,521 $1,460 $1,874 $2,100
RosemeadMinimum $1,115 $1,300 $1,950 $2,650
7Maximum $1,115 $1,695 $1,950 $2,850Average $1,115 $1,498 $1,950 $2,733
San GabrielMinimum $1,150 $1,350 $1,550 $2,400
34Maximum $1,499 $1,850 $2,749 $2,750Average $1,325 $1,597 $1,962 $2,600
South El MonteMinimum $2,500 $2,100
2Maximum $2,500 $2,100Average $2,500 $2,100
South PasadenaMinimum $1,395 $1,495 $1,795 $2,750
49Maximum $1,550 $2,800 $4,000 $3,150Average $1,452 $1,878 $2,288 $3,000
Temple CityMinimum $1,250 $1,425 $1,625 $2,100
11Maximum $1,250 $1,775 $2,250 $3,000Average $1,250 $1,575 $1,969 $2,550
Average Asking Rents: $1,461 $1,616 $2,040 $2,635
Total # of Apartments Surveyed: 640
The information contained in Rent Watch are average indicators only and deemed reliable but not guaranteed. This survey does not consider age, location, amenities or the condition of individual properties. Each property is unique. This information is for principals only and may not be reproduced in any form without previous written consent. Source: Hanes Investment Realty, Inc., Zillow
SAN GABRIEL VALLEYASKING RENT LEVELS - THIRD QUARTER 20201ST HALF 2019 vs 1ST HALF 2020 CLOSED TRANSACTIONS
Market Watch rent Watch
Age GRM CAP # of Units
Cost Per Unit
Cost Per SQFT
Rent Per SQFT
# of Sales
Camarillo1st Half 2019 No Data1st Half 2020 54.0 11.92 5.18 33 $244,696 $297.52 1
Change
Moorpark1st Half 2019 No Data1st Half 2020 No Data
Change
Oxnard1st Half 2019 58.0 12.45 4.47 15 $239,216 $274.04 $1.72 81st Half 2020 44.7 12.01 4.51 99 $241,385 $240.84 $1.76 3
Change -13.3 -0.44 0.04 1% -12% 2% -63%
Port Hueneme1st Half 2019 No Data1st Half 2020 43.0 5.50 5 $193,000 $273.14 1
Change
Simi Valley 1st Half 2019 37.0 14.24 4.98 10 $381,667 $397.50 $2.35 21st Half 2020 No Data
Change
Thousand Oaks/Westlake Village
1st Half 2019 No Data1st Half 2020 14.0 4.42 28 $498,438 $422.94 2
Change
Ventura1st Half 2019 58.5 15.61 3.94 27 $281,824 $351.33 $1.54 41st Half 2020 57.7 4.25 7 $316,398 $414.41 3
Change -0.8 0.31 12% 18% -25%
Studio 1 Bed 2 Bed 3 Bed Total Surveyed
CamarilloMinimum $1,695 $1,350 $1,695 $2,836
28Maximum $1,695 $2,425 $2,690 $4,800Average $1,695 $1,927 $2,302 $3,689
MoorparkMinimum $1,772 $1,750 $2,500
7Maximum $1,772 $2,465 $2,805Average $1,772 $2,224 $2,660
OxnardMinimum $1,450 $1,250 $1,850 $2,355
33Maximum $1,982 $2,475 $4,699 $2,355Average $1,701 $1,842 $2,685 $2,355
Port HuenemeMinimum $1,700 $2,000
7Maximum $2,200 $2,650Average $1,895 $2,325
Simi ValleyMinimum $2,310 $1,450 $1,950 $2,695
30Maximum $2,310 $1,900 $2,795 $2,962Average $2,310 $1,782 $2,181 $2,802
Thousand Oaks/Westlake Village
Minimum $1,650 $1,737 $1,883 $2,65048Maximum $1,693 $2,445 $2,950 $3,600
Average $1,672 $2,055 $2,369 $3,006
VenturaMinimum $1,575 $1,475 $1,495 $2,250
51Maximum $1,575 $2,865 $3,990 $4,950Average $1,575 $1,897 $2,558 $3,339
Average Asking Rents: $1,791 $1,879 $2,316 $2,882
Total # of Apartments Surveyed: 204
Source: Hanes Investment Realty, Inc. and CoStar Comps, Inc. - Profiling 24 apartment transactions in Ventura County from 1/1/2019 through 6/30/2019 and 1/1/2020 through 6/30/2020. The data includes sales reported as of October 2020 The data are average indicators only - each property is unique. Contact us at (818) 865-8305 for information specific to your property.
Ventura County
Age GRM CAP # of Units
Cost Per Unit
Cost Per SQFT
Rent Per SQFT
# of Sales
Canyon Country/Acton
1st Half 2019 No Data1st Half 2020 No Data
Change
Castaic1st Half 2019 33.0 232 $258,620 $234.61 11st Half 2020 No Data
Change
Lancaster1st Half 2019 41.5 5.80 72 $73,674 $87.60 21st Half 2020 44.5 5.33 12 $102,795 $118.41 4
Change 3.0 -0.47 40% 35% 100%
Palmdale1st Half 2019 44.3 8 $110,417 $135.77 31st Half 2020
Change
Quartz Hill1st Half 2019 No Data1st Half 2020 33.0 5.40 6 $158,333 $176.51 1
Change
Santa Clarita/Newhall
1st Half 2019 No Data1st Half 2020 No Data
Change
Valencia1st Half 2019 No Data1st Half 2020 No Data
Change
Studio 1 Bed 2 Bed 3 Bed Total Surveyed
Canyon Country/ActonMinimum $1,550 $2,000
4Maximum $1,550 $2,000Average $1,550 $2,000
CastaicMinimum $1,515 $1,216 $2,087
31Maximum $3,236 $2,680 $3,220Average $1,933 $1,959 $2,671
LancasterMinimum $795 $995 $1,700
15Maximum $1,704 $2,023 $1,700Average $1,226 $1,576 $1,700
PalmdaleMinimum $1,355 $1,095 $1,830
6Maximum $1,355 $1,540 $2,200Average $1,355 $1,318 $2,000
Quartz HillMinimum $1,500
1Maximum $1,500Average $1,500
Santa Clarita/NewhallMinimum $1,300 $1,250 $1,216 $2,087
99Maximum $1,722 $7,395 $7,895 $4,500Average $1,511 $1,986 $2,289 $2,785
ValenciaMinimum $1,722 $1,450 $1,873 $2,695
38Maximum $1,722 $7,395 $7,895 $4,500Average $1,722 $2,274 $2,809 $3,236
Average Asking Rents: $1,529 $1,714 $2,019 $2,079
Total # of Apartments Surveyed: 194
North Los ANgeLes CouNty
The information contained in Rent Watch are average indicators only and deemed reliable but not guaranteed. This survey does not consider age, location, amenities or the condition of individual properties. Each property is unique. This information is for principals only and may not be reproduced in any form without previous written consent. Source: Hanes Investment Realty, Inc., Zillow
The information contained in Rent Watch are average indicators only and deemed reliable but not guaranteed. This survey does not consider age, location, amenities or the condition of individual properties. Each property is unique. This information is for principals only and may not be reproduced in any form without previous written consent. Source: Hanes Investment Realty, Inc., Zillow
Source: Hanes Investment Realty, Inc. and CoStar Comps, Inc. - Profiling 11 apartment transactions in N. Los Angeles County from 1/1/2019 through 6/30/2019 and 1/1/2020 through 6/30/2020. The data includes sales reported as of October 2020. The data are average indicators only - each property is unique. Contact us at (818) 865-8305 for information specific to your property.
1ST HALF 2019 vs 1ST HALF 2020 CLOSED TRANSACTIONS
ASKING RENT LEVELS - THIRD QUARTER 2020
1ST HALF 2019 vs 1ST HALF 2020 CLOSED TRANSACTIONS
ASKING RENT LEVELS - FIRST QUARTER 2020
Market Watch
rent Watch
Market Watch
rent Watch
10.58 11
.45 12.00
13.16
14.37
15.77
16.23
16.29
15.95
15.72
10.52
10.98 11.60
13.07 13.61
15.18
15.17
15.60
14.91
15.11
11.26
11.42
12.58
13.92 14.50
15.78
17.74
17.07
15.97
15.87
9.21
10.51
11.66 12.29
11.55 12
.42
14.20
13.96
13.15
13.16
5.43
7.13 7.
81 8.13
8.67
10.17
9.04
12.21 12.82
2011 2012 2013 2014 2015 2016 2017 2018 2019 1st Half 2020
No Da
ta
6.17
%
5.83
%
5.54
%
4.92
%
4.57
%
4.06
%
3.94
%
3.89
% 4.11
%
4.27
%
6.18
%
5.70
%
5.30
%
4.98
%
4.63
%
4.25
%
4.06
%
4.05
% 4.34
%
4.14
%
5.87
%
5.66
%
5.42
%
4.88
%
4.51
%
4.28
%
3.78
% 3.92
%
4.01
%
4.24
%
6.78
%
5.97
%
5.54
%
5.38
%
5.07
%
4.90
%
4.43
% 4.75
%
4.51
%
4.66
%
8.57
%
7.63
% 7.86
%
7.25
%
5.78
% 6.12
%
5.90
%
5.34
%
4.67
%
5.35
%2011 2012 2013 2014 2015 2016 2017 2018 2019 1st Half 2020
$157
,056
$166
,544
$177
,371
$213
,610
$245
,971
$274
,651
$291
,935
$306
,929 $327
,158
$320
,393
$143
,901
$137
,544
$148
,400
$193
,151
$206
,566 $228
,196 $2
52,361
$268
,971
$269
,550
$272
,823
$155
,951
$153
,665 $1
80,370
$193
,648
$207
,934 $2
30,369
$269
,321
$272
,142
$279
,938
$291
,892
$155
,547
$148
,276
$161
,908
$177
,723
$171
,907 $192
,323
$242
,782
$254
,306
$263
,116
$310
,568
$90,83
7
$70,30
5
$85,93
1
$103
,985
$102
,264
$98,78
6 $123
,042
$155
,312
$154
,336
$113
,903
2011 2012 2013 2014 2015 2016 2017 2018 2019 1st Half 2020
$189 $2
04 $220
$261
$289
$334
$364 $372
$395 $402
$167 $1
77 $194
$226 $2
40
$272
$296 $3
10 $322
$311
$183 $1
97
$215
$245 $254
$288
$330 $3
43 $354 $3
68
$166
$195
$197
$233
$218
$241
$291
$312 $319
$338
$101
$92
$95
$99
$118
$112
$139
$178
$173
$130
2011 2012 2013 2014 2015 2016 2017 2018 2019 1st Half 2020
858
11551266
1510
1419
1315
1112
1195
1201
852
730
622
473
273
332
448
636
696
763
785
554
295
204
145
169
242
329
341
463
389
104 85
97
138
154
182
215
176
179
181
17
8 9
16
20
22
42 38 33 26
730
622
473
273
332
448
636
696
763
785
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Los Angeles San Fernando Valley San Gabriel Valley Ventura County N. Los Angeles County
Region GRM CAP CPU CPSF
10.58 6.17% $157,056 $18916.29 3.89% $327,158 $40254% ‐37% 108% 113%10.52 6.18% $137,544 $16715.60 4.05% $272,823 $32248% ‐34% 98% 93%11.26 5.87% $153,665 $18317.74 3.78% $291,892 $36858% ‐36% 90% 101%9.21 6.78% $148,276 $16614.20 4.43% $310,568 $33854% ‐35% 109% 104%5.43 8.57% $70,305 $9212.82 4.67% $155,312 $178136% ‐46% 121% 93%
Los Angeles
San Fernando Valley
San Gabriel Valley
Ventura County
N. Los Angeles County
The above chart demonstrates the variance for each value indicator from the lowest point to the highest point in the most recent 10 year period.
VALUE INDICATORS 10 YEAR TREND ANALYSIS BY: BRAEMON M. HANES, CCIM, PRESIDENT
SOUTHERN CALIFORNIALOS ANGELES, SAN FERNANDO VALLEY, SAN GABRIEL VALLEY, VENTURA, N. LOS ANGELES COUNTY
GROSS RENT MULTIPLIER
CAPITALIZATION RATE
COST PER UNIT
COST PER SQUARE FOOT
TROUGH TO PEAK
CLOSED MULTIFAMILY TRANSACTIONS
Hanes Investment Realty, Inc. and CoStar Comps, Inc. - Profiling apartment transactions 1/1/2011 through 6/30/2020 for 65 cities/areas in Southern California.
There has been an 43.6% decrease in multifamily transaction velocity since 2014.
The data includes sales reported as of 10/2020 and are average indicators only - each property is unique. Contact us at (818) 865-8305 for information specific to your property.
EXPENSE SUMMARY
Insurance
Water
Electricity
Gas
Trash
Management
Gardener
Pool
Licenses & Fees
Elevator
Maintenance/Repairs
First Loan
Balance
Second Loan
Balance
REQUIRED FOR IN-DEPTH MARKET ANALYSIS
Price Expecta on $
Willing to Carry Financing? Cash Out?
SCHEDULED GROSS INCOME
APT # BR BAMONTHLY
RENT
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$Laundry
If you are seriously considering marke ng or exchanging your apartment building, Hanes Investment Realty, Inc. will perform a Market Analysis - Opinion of Value at no cost or obliga on to you. We can introduce op ons that may
.
Complete this form Or a ach: • Rent Roll w/Unit Mix• Last Year’s Opera ng Statement• Recent Loan Statement
We will contact youSend via Fax (805) 374-2354, orPre-paid mail (see reverse)
4500 E. Thousand Oaks Boulevard, #103, Westlake Village, CA 91362, P: 818.865.8305 / 805.374.2350 F: 805.374.2354 E: [email protected] www.HanesInvestmentRealty.com
Apartment Address City
Owner Home Phone Work Phone
Cell Phone _________________________ Fax E-mail
Mailing Address
Provided we can work out price and terms acceptable to you, when are you thinking of taking the building to the market? (Please check one) Now 1-2 months 3-6 months 6-12 months 12+ months
Please check the type of analysis you would like: In-depth market analysis Es mated selling price
HANES INVESTMENT REALTY, INC. I N V E S T M E N T R E A L E S T A T E B R O K E R S A N D A D V I S O R S
1 HMI/M069
Send to [email protected], Fax (805) 374-2354, or Pre-paid mail (see reverse)