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The Rise of Green and Sustainable Real Estate Investments in Southern California

Posted by on Apr 10, 2023 in Uncategorized | Comments Off on The Rise of Green and Sustainable Real Estate Investments in Southern California

The Rise of Green and Sustainable Real Estate Investments in Southern California

by Vince Bindi Southern California, with its beautiful landscapes, thriving economy, and exceptional quality of life, has always been a sought-after destination for real estate investors. The region’s strong commitment to environmental sustainability and innovative building practices has given rise to a new wave of green and sustainable real estate investments. This article delves into the factors driving this trend, the types of sustainable properties available, and the potential benefits for investors. Climate change and the...

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Investing in Multi-Family property in southern California

Posted by on Mar 9, 2023 in Uncategorized | Comments Off on Investing in Multi-Family property in southern California

Investing in an apartment building in Southern California can be a potentially lucrative opportunity, but it’s important to do your research and understand the market and the risks involved. Here are some key factors to consider: Location: Southern California is a large and diverse region, with many different submarkets and neighborhoods. It’s important to identify areas that are in high demand and have a strong rental market. Some factors to consider include proximity to major employers, transportation hubs, and amenities such...

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Much Ado about California ADU’s

Posted by on Dec 12, 2022 in Uncategorized | Comments Off on Much Ado about California ADU’s

by Vincent Bindi – Far from nothing… Recent California legislations have made Accessory Dwelling Units (ADU’s) a big deal in California. Such legislation is as follows; SB9, Assembly Bill (AB) 345, Senate Bill 1069, Senate Bill 2299, and others. The bottom line is that this new legislation is designed to try to help alleviate the growing problem of the high cost of real estate in California. These new ADU laws should help in that regard, for the cost of land and limited supply inventory have always been an issue in...

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Active adult mobile home park sells for $9.25M

Posted by on Jun 3, 2015 in Uncategorized | Comments Off on Active adult mobile home park sells for $9.25M

By Philip Haldiman, Editor-in-Chief | Dealmaker Tricon/Cob Apache Junction MHC LP on Thursday closed on an active adult mobile home park in Apache Junction. The Delaware limited partnership spent $9.25 million on 191 manufactured home spaces within Apache Junction Mobile Homes Park, located east of the northeast corner of Apache Trail and N. Ironwood Drive (800 W. Apache Trail), in Apache Junction. The seller was Marvin Sampson. Pacific Land Company (Derek Harris, Howard Weinstein, founding principals; Connor Peagler, associate) and New...

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4 Percent of All U.S. Single Family Home Sales in First Quarter Were Flips

Posted by on May 9, 2015 in Uncategorized | Comments Off on 4 Percent of All U.S. Single Family Home Sales in First Quarter Were Flips

IRVINE, Calif. – May 7, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q1 2015 U.S. Home Flipping Report, which shows that 17,309 single family homes were flipped — sold as part of an arms-length sale for the second time within a 12-month period — in the first quarter, 4.0 percent of all single family home sales during the quarter. The average gross profit — the difference between the purchase price and the flipped price — for completed flips in the first...

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Demand for Quality Housing in Corona Brings New Luxury Apartments

Posted by on Apr 4, 2015 in Uncategorized | Comments Off on Demand for Quality Housing in Corona Brings New Luxury Apartments

Corona, Calif.—The area of Corona, Calif., has a high demand for quality rental housing and for the first time in a while, ground has broken for new luxury apartments. MBK Rental Living announced Tuesday the grand opening of Palisades at Sierra Del Oro, a collection of 288 for-lease lavish apartments. Centrally located at Riverside County at 2300 Palisades Drive, this gated community appeals to a demographic looking for a sophisticated lifestyle away from the typical urban centers with resort-inspired amenities. Leasing is currently in...

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Los Angeles Multifamily values reach an all time High

Posted by on Mar 17, 2015 in Uncategorized | Comments Off on Los Angeles Multifamily values reach an all time High

The average asking price for Los Angeles Apartments has reached a level of $211,000 per unit for the 1st quarter of 2015′, which has now surpassed the pre-crash high of $204,000 per unit back in the 3rd quarter of 2007′.  As the Loopnet graph to the right illustrates, the bottom of the SoCal multifamily was reached right around the 1st quarter of 2012′, and has been on a tear ever since.   Back then, multi-unit asking prices where around $135,000 per unit, and have gone up 56% in the past 3 years.This relative sudden rise...

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U.S. Real Estate Predictions for 2015

Posted by on Jan 7, 2015 in Uncategorized | Comments Off on U.S. Real Estate Predictions for 2015

Here we go again. But before I get started on real estate predictions for 2015, it’s worth noting that my predictions for 2014 were 80% to 85% spot on. Not bad for a professional amateur who isn’t paid by the economic think tanks to spew out their two cents worth on what to expect in the near future. You will note that there are only 7 predictions laid bare in this unofficial manifesto. Why you may ask? Simple. Who needs to be conventional when being unorthodox is so much cooler? The standard fare of 10 or 15 predictions is so,...

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Nearly One-Quarter Of N.H. Mobile Home Parks Now Owned By Residents

Posted by on Dec 7, 2014 in Uncategorized | Comments Off on Nearly One-Quarter Of N.H. Mobile Home Parks Now Owned By Residents

A mobile-home park in New Ipswich has become the 110th in the state to be purchased by its residents. That means that nearly a quarter of the state’s 450 so-called “trailer parks” are now owned by the people who live in them. Juliana Eades, President of the New Hampshire Community Loan Fund which financed the deal, says banks won’t give mortgages to people who live in manufactured homes located on someone else’s land. “So these regular mortgages aren’t available so some of the alternatives in the market are more like financing a...

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Mobile home sales boom as Boomers retire

Posted by on Oct 10, 2014 in Uncategorized | Comments Off on Mobile home sales boom as Boomers retire

Looking for a housing bargain? Look no further than the growing market of used mobile homes for sale. There is a growing trend among the 55+ crowd who are ‘downsizing’ from homes in which they raised their family to homes more affordable and manageable in retirement. Saving money on your dwelling no longer means sacrificing living well, living beautifully, living green or living in one place. Empty nesters are abandoning traditional brick and mortar or ‘stick built’ homes for the plethora of 55+ mobile home communities across the USA....

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