#92 The Best Time in 10 Years to Buy Apartments in Long Beach? (Alamitos Beach Data)
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Is this the best time in 10 years to buy apartment buildings in Long Beach? I sat down with Sage Real Estate agent and investor Nick Cordero to break down the data in Alamitos Beach and North Alamitos Beach: fourplex vs 5+ unit pricing, cap rates, GRMs, days on market, and why the 5+ unit market is where we're seeing the biggest opportunities right now.
Nick is an aerospace engineer who owns 15 units, bought his latest fourplex in this exact neighborhood, and pulled money from his 401(k) to buy his first property. He shares how he underwrites deals at today's rates, why he…
The skinny
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