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.


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%


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


Total # of Apartments Surveyed: 1,741


SAN FERNANDO VALLEYASKING RENT LEVELS - THIRD QUARTER 2020


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.


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


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


Total # of Apartments Surveyed: 640


SAN GABRIEL VALLEYASKING RENT LEVELS - THIRD QUARTER 20201ST HALF 2019 vs 1ST HALF 2020 CLOSED TRANSACTIONS



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%


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



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


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


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



North Los ANgeLes CouNty



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.


ASKING RENT LEVELS - THIRD QUARTER 2020


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)

Fold in Thirds - Please make sre return address and barcode are visible and seal with tape.

southern california anes winter 2020 - volume 69

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