#79 Long Beach Apartments Are on the CLEARANCE Rack Right Now (Here's the Data)
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For the first time in my 20+ years doing this, I'm telling investors to stop what they're doing and pay attention. Cap rates are up, gross rent multipliers are down, and roughly 30% of 5+ unit buildings in Long Beach are trading for less than they sold five years ago. I just bought an 8-unit and a 10-unit in the last eight months — and in this video I break down exactly why the discounts are showing up on five units and above, not on fourplexes, duplexes, or single-family homes.
Watch the video: https://youtu.be/bYxbrhxuyYU
Juan is a Licensed California Real Estate Broker…
The skinny
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