Bryan Miller

16 UNITS | SANTA ANA | JUST LISTED Contact Rick Applebaum of Morgan Skenderian Investment Real Estate Group for information. 949.500.5099 or at rma@morganskenderian.com. ABOUT THE PROPERTY: This property features (16) spacious 1BR/1BA-Jr. units, averaging ±700 SF. Residents will enjoy covered parking, patios, balconies, and A/C, making this an attractive prospect for the discerning investor seeking a lucrative addition to their portfolio. HIGHLIGHTS -8.7% CAP Rate on Market Rents -Large One-Bedroom Jr.’s Averaging ±700 SF -Built in 1979 -$224,688 Price Per Unit -Approximately $104,000 in Recent Capital Improvements -Covered Parking, Patios, Balconies, A/C #multifamily #multifamilyinvesting #multifamilyrealestate #rentalproperty #orangecountyrealestate #apartmentinvesting #commercialrealestate #investmentrealestate #santaana #1031exchange #morganskenderian #santanarealestate #apartments #apartmentinvesting

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📢 Check Out the Latest Real Estate Update! 🏡💫 📆 This Week: Wed, Jun 05, 2024 📍 Location: Orange County, CA 💰 Median List Price: $2,097,000 📉 Market Action Index: 61 (Compared to last month's 63) 📦 Inventory: Holding Steady at 1,648 #OrangeCountyRealEstate #MarketUpdate #Trends #MedianPrice #InventoryStatus #InvestmentOpportunity #DreamHome #Homebuying #HousingMarket 🏠💼📊

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STAT: Only 5.4% of residential sales on MLS have been condos in 2024 in the Sacramento region, but 46.3% of residential sales in San Francisco have been condos. It's a good reminder that the mix of units can be SO much different by location.

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The Bay Area real estate market is a complex one, filled with plenty of mixed signals right now. Prices are strong in some neighborhoods / areas, while others present unique buying opportunities. Understanding the mixed signals across the Bay Area (and compared to national headlines) is crucial. We dive into some of the highlights and opportunities in our latest blog... If you need more info or real estate advice, just reach out! #realestatenews #realestateupdates #marketinsights #marketupdates #housingmarket #sfrealestate #bayarearealestate #sanfranciscomarket #bayareamarket #homebuyers #homesellers

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🔥 East Bay HOUSING: Demand Outstrips Supply 🔥 ProTip: Now is the time to sell.. Read full bog: https://lnkd.in/gNx5Ytz9 I want to share a closer look at the dynamic real estate market of California's East Bay. As someone deeply interested in the intertwining of economic forces and real estate dynamics, I find the current market trends in this area both fascinating and vital for anyone looking to buy or invest here. So, let's break down the complexities of housing supply and demand in the East Bay, and explore what it means for buyers and sellers alike. Buyer Demand in the East Bay The East Bay has always been attractive due to its proximity to major economic hubs like San Francisco and Silicon Valley. This region draws a continual influx of professionals looking for more affordable living options while still staying connected to the bustling job markets of nearby tech giants. The high demand in real estate here is not just about location; it's also about the quality of life and the relative affordability compared to its neighboring regions. Challenges with Housing Supply Despite this robust demand, the East Bay faces significant challenges in housing supply. New housing developments are often slowed by stringent zoning laws and limited space for expansion, leading to a shortage of available homes. This scarcity is a critical factor driving up the prices in the area, making the market highly competitive. For instance, it's not uncommon to see bidding wars and homes selling well above their listed prices. The Price Scenario: With demand consistently outstripping supply, home prices in the East Bay have been on a steady climb. This trend is symptomatic of a broader state-wide issue in California, where housing shortages keep pushing prices up, making it challenging for first-time buyers and even for investors looking to expand their portfolios. Economic and Demographic Influences The East Bay's real estate market is also influenced by broader economic conditions such as interest rates, employment rates, and the overall economic health of the tech industry. Additionally, demographic trends, including migration from more expensive areas and the influx of younger professionals, further complicate the market dynamics. Pointers Whether you are a buyer or seller, we are consistently seeing an increase in home value over time so if you are buying, the sooner the better Sellers will be able to be able to negotiate competitively because of the shortage in housing Limit space / big population -- there are more people than housing available too, like even if the new build was 100% on track and fast, it still wouldn't necessarily fix the housing shortage since it is a huge percentage Conclusion: --Real Blog for full story

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California dreamin' of maximizing your income? 100% commission could be your key to unlocking greater earnings and building a thriving real estate business on YOUR terms. Learn the ins and outs of this path to profits in our latest blog! #CaliforniaRealEstate #100Commission #RealEstateAgent #Entrepreneur #realestateearnings #realestate #realtorlife #RealEstateKnowledge #RiseRealtyCA #RealEstateAgentLife

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A new state legislative bill, which is a vehicle for commercial rent control, will be heard before the CA State Senate Judiciary Committee on Tuesday, April 30. The bill, SB 1103 (Menjivar), will upend commercial tenant-landlord relationships, limit security deposits, and add complex and ambiguous regulations to the business-to-business relationship. SB 1103 will have detrimental consequences not only on commercial landlords but also on small businesses and not-for-profit organizations that the bill is trying to protect.

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Today the Los Angeles County Board of Supervisors passed a measure that caps rent increases on rental units at 3% or 60% of the Consumer Price Index, whichever is lower for unincorporated Los Angeles. The ordinance applies to approximately to 51,700 rental units across 10,900 properties in unincorporated Los Angeles County, with a significant portion of these units located in South Los Angeles, East Los Angeles, and the San Gabriel Valley. This means that if CPI is 3%, rent increases would be capped at 1.8%. Over the past three years, mortgage interest rates have grown by more than 100%, utilities have grown by more than 50%, insurance has increased by more than 50%, labor costs have grown by more than 25%. These caps make it extremely challenging for landlords to operate. They do not account for increased operating costs, including rising insurance premiums, maintenance costs, and inflation. Furthermore, it will worsen the housing crisis and deter investment in rental properties. People think that it will decrease rental rates; however, it will have the exact opposite result. Expect that in Los Angeles there will be less units on the market (less supply), and as a result the demand will be higher - resulting in higher rents. This is a catastrophic result for the housing industry and a negative result for rental prices. We cannot solve our housing problem by instilling socialist market philosophies. We need to build more housing, and this measure will encourage less housing development in Los Angeles.

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The least affordable metro area for America’s middle class: San Jose-Sunnyvale-Santa Clara "The San Jose-Sunnyvale-Santa Clara metro area in California is the least affordable for all middle-class income ranges in the U.S., according to the report." - To afford a house in the San Jose area, you will need to make $468,252 — the highest of all 221 U.S. metro markets surveyed in an April National Association of Realtors report. - In addition, the average San Jose home value is $1,461,923, up 10.1% over the past year, according to Zillow. - In its report, Creditnews Research warns that the San Jose-Sunnyvale-Santa Clara metro area runs the risk of becoming a “donut city” as rising costs lead to a “wave of out-migration where residents and businesses relocate to the suburbs.” https://lnkd.in/g5BP6b2X

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🏡 Real Estate Update: Orange County, CA 📍 As of April 24, 2024, the median listing price in Orange County has reached $2,089,000! 📈 The Market Action Index is currently at 64, showing a rise from last month's 59. 🚀 Inventory remains stable with approximately 1,384 properties on the market. 🏠 #OrangeCountyRealEstate #HousingMarket #RealEstateTrends #CaliforniaHomes #WFGTitle

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