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thebassirpougroup

The Bassirpou Group specializes in helping our clients create and preserve wealth by sharing our multifamily investment expertise.

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Southern California Rents to Rise 2-4% Through 202 Southern California Rents to Rise 2-4% Through 2025, According to USC Forecast Southern California apartment rents will increase 2-4% a year through 2025, giving renters some relief from the incessant hikes that plagued their pocketbooks in recent years, a USC forecast said. Below-average increases are forecast for Los Angeles, San Diego, Riverside and San Bernardino counties, according to the University of Southern California’s recent Casden Multifamily Forecast. In Orange County — Southern California’s strongest rental market — increases will be slightly above average, with the typical asking rent hitting a record high of $2,800 per month by late 2025. Ventura County hikes are projected to be in the average range. But rent growth in 2024-25 will be nowhere near the massive increases seen during the pandemic, when hikes ranged from 12-18% a year. After two years, however, the pace of rent hikes should increase amid a slowdown in apartment construction, according to the forecast, complied by the USC Lusk Center for Real Estate. And landlords will face hard times as they struggle to replace low-interest loans coming due in the next four years, the forecast said. High interest rates and surging operating costs will put more building owners in a bind, resulting in foreclosures and fewer resources needed to increase the housing supply. “As the industry takes time to sort out financing, new supply will dip lower and lower,” forecast authors said in a statement. “Vacancy will drop, and rents will climb.” The complete article can be found at the link in bio. For more information on this topic or to discuss your real estate investment needs, call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #commercialrealestate #apartmentinvesting #rents #multifamilyinvestments #southerncalifornia #californiarealestate #realestateinvestors #1031exchange #marketinsights #investmentrealestate
JUST CLOSED 9 Units in Santa Ana | 6.46% CAP Rate JUST CLOSED 9 Units in Santa Ana | 6.46% CAP Rate on Current Income! 9 Units | Santa Ana, CA $2,155,000 | 6.46% CAP Rate TRANSACTION HIGHLIGHTS: - 1031 Exchange Buyer Sourced Through Network - 28 Day Close with Short Contingency Period - Attractive Unit Mix Consisting of One-, Two-, & Three-Bedroom Units - Recent Extensive Renovations and Upgrades of Interiors & Exterior - Ample On-Site Parking - Easy Access to Freeways - Close to Schools, Retail, Employment, & Entertainment - Gated Courtyard & On-Site Laundry Facility (Building Owned) For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #justclosed #investmentopportunity #commercialrealestate #realestateinvestment #apartments #multifamilyinvestments #santaana #southerncalifornia #californiarealestate #realestateinvestors #1031exchange
JUST CLOSED Industrial Building in Orange! $3,125 JUST CLOSED Industrial Building in Orange! $3,125,000 | 9,408 SF Building 0.48 Acre Lot | Orange, CA TRANSACTION HIGHLIGHTS: - Buyer Sourced Through Network - Rare Industrial Building Opportunity in Orange, California under 10,000 Square Feet - Priced at Only $350 Per Square Foot - Property is Gated and has a Fenced Yard with Opportunity to Divide the Building into Two Units - 14-Foot Clearance Height with Two Drive-In Bays - Ample Parking with 2.00/1,000 Parking Ratio Plus Street Parking - Recently Renovated with Over $55K in Capital Improvements Completed in the Past Four Years - Renovations Include a Brand-New Roof, (2) Air Conditioning Units, New LED Office Lighting, and Up-to-Code Plumbing For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #justsold #investmentopportunity #commercialrealestate #investmentrealestate #industrialbuilding #orange #orangecounty #southerncalifornia #californiarealestate #realestateinvestor #1031exchange
PRICE IMPROVEMENT 9 Units in Santa Ana | 6.05% CAP PRICE IMPROVEMENT 9 Units in Santa Ana | 6.05% CAP Rate on Current Income! 9 Units | Santa Ana, CA $2,295,000 | 6.05% CAP Rate INVESTMENT HIGHLIGHTS: - 6.05% CAP Rate and 5.76% Cash-on-Cash Return on Current Income - Attractive Unit Mix Consisting of One-, Two-, & Three-Bedroom Units - Recent Extensive Renovations and Upgrades of Interiors & Exterior - Ample On-Site Parking - Easy Access to Freeways - Close to Schools, Retail, Employment, & Entertainment - Gated Courtyard & On-Site Laundry Facility (Building Owned) For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #priceimprovement #forsale #investmentopportunity #commercialrealestate #apartments #multifamilyinvestments #santaana #southerncalifornia #californiarealestate #realestateinvestors #1031exchange
JUST LISTED Desirable 6 Units in Costa Mesa | 4.53 JUST LISTED Desirable 6 Units in Costa Mesa | 4.53% CAP Rate on Current Income | Next to Golf Course 6 Units | Costa Mesa, CA $3,250,000 | 4.53% CAP Rate INVESTMENT HIGHLIGHTS: - Desirable Costa Mesa Location / Minutes to Downtown Costa Mesa - Recent Extensive Renovations & Upgrades of Interiors and Exterior - Excellent Unit Mix Consisting of One, Two, and Three-Bedroom Units - Ample On-Site Covered Parking & Storage Area - Large Front Yards, Private Patios/Balconies, & On-Site Laundry Room - Low Expense Building - Opportunity to Add ADU’s to Property to Further Maximize Cash Flow - Walking Distance to Downtown Costa Mesa, Restaurants, Retail, Schools, and Employment For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #justlisted #forsale #investmentopportunity #commercialrealestate #apartments #multifamilyinvestments #costamesa #southerncalifornia #californiarealestate #realestateinvestor #1031exchange #aduopportunity
Rent Control - The Zombie that Refuses to Die For Rent Control - The Zombie that Refuses to Die For the third time in four cycles, Californians will be forced to vote it down. Why are we doing this, you ask? That's a good question. If it has lost by a narrow margin in an unfavorable turnout, it might make sense to run it again. But it lost by nearly 20 percentage points in both 2018 and 2020, and most election cycles in California are favorable for progressive policies. So it’s unclear why decision makers at AIDS Healthcare Foundation – the organization behind the measure – think this time will be different; that’s a question for their donors. The AIDS Healthcare Foundation spent around $60 million in 2018 and 2020 unsuccessfully trying to pass this thing and then another $8 million to get it on the ballot this time. There has to be better uses for $68 million than on losing efforts for bad, unpopular policy. And make no mistake: Rent control is bad policy. "Rent control." It sounds like good policy when you say it aloud, right? Unfortunately, that's as far as good vibes can carry it. It's the poster child for counterproductive policy. It makes housing less affordable, drives gentrification, and makes life impossible for many landlords. The complete article can be found at the link in bio. For more information on this topic or to discuss your real estate investment needs, call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #badpolicy #rentcontrol #counterproductive #commercialrealestate #apartments #multifamilyinvestments #southerncalifornia #californiarealestate #realestateinvestors #1031exchange #marketinsights #investmentrealestate
JUST CLOSED 9 Units in Long Beach! 9 Units | Long JUST CLOSED 9 Units in Long Beach! 9 Units | Long Beach, CA $3,250,000 | 5.30% CAP Rate TRANSACTION HIGHLIGHTS: - Buyer Sourced Through Network - Highest Recent Sale Per Unit in the 90804 Zip Code - Attractive Unit Mix Consisting of (8) Two-Bedroom/ Two-Bath Units and (1) One-Bedroom/ One-Bath Unit - Highly Desirable 1987 Construction - Gated Access with Call Box, Private Balconies, & On-Site Laundry - Ample On-Site Gated Parking (13 Spaces) - Recent Renovations & Upgrades - Separately Metered for Gas & Electric - Easy Access to Freeways and Close to Schools, Retail, Employment, & Entertainment For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #justsold #investmentopportunity #commercialrealestate #apartments #multifamilyinvestments #longbeach #southerncalifornia #californiarealestate #realestateinvestor #1031exchange
JUST LISTED Medical Office Building in La Habra | JUST LISTED Medical Office Building in La Habra | 6.32% CAP Rate on Current Income | Corner Lot on La Habra Blvd. 22 Suites | La Habra, CA $2,850,000 | 6.32% CAP Rate INVESTMENT HIGHLIGHTS: - Property is Located in the Heart of La Habra Where Major Growth in Currently Occurring with Many New Developments - Very Well Maintained Corner Lot Office Building with Excellent Visibility on La Habra Boulevard - Multi-Tenant Medical/Professional Office Building with Over 22,127 Vehicles Passing Per Day - Well Diversified Office Building with Medical & Professional Tenants Offering a Current Capitalization Rate of 6.32% with a 6.83% Pro-Forma - Property is Located Within 1-Mile of City Hall, the Police Station, the US Post Office and Within 3-Miles of St. Jude Hospital For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #justlisted #forsale #investmentopportunity #commercialrealestate #officebuilding #medicaloffice #lahabra #southerncalifornia #californiarealestate #realestateinvestors #1031exchange
JUST CLOSED 7 Units in Fullerton | Minutes From Do JUST CLOSED 7 Units in Fullerton | Minutes From Downtown, CSUF, & Fullerton College 7 Units | Fullerton, CA $1,828,000 | 4.28% CAP Rate TRANSACTION HIGHLIGHTS: - Buyer Sourced Through Network - No Financing or Appraisal Contingency - 30% Upside in Rents - Located in the Highly Desirable Rental Market of Fullerton - Garage Parking and On-Site Laundry - 100% One-Bedroom/ One-Bathroom Units - Close Proximity to the City’s Major Destinations, Including Downtown Fullerton, Cal State Fullerton, & Fullerton College For more information on this sale or for additional listings, call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #sold #investmentopportunity #commercialrealestate #apartments #multifamilyinvestments #apartmentinvesting #fullerton #southerncalifornia #californiarealestate #realestateinvestor #1031exchange
JUST LISTED Desirable 9 Units in Santa Ana | 5.25% JUST LISTED Desirable 9 Units in Santa Ana | 5.25% CAP Rate on Current Income | Attractive Unit Mix 9 Units | Santa Ana, CA $2,540,000 | 5.25% CAP Rate INVESTMENT HIGHLIGHTS: - 5.25% CAP Rate and 5% Cash-on-Cash Return on Current Income - Attractive Unit Mix Consisting of One-, Two-, & Three-Bedroom Units - Recent Extensive Renovations and Upgrades of Interiors & Exterior - Ample On-Site Parking - Easy Access to Freeways - Close to Schools, Retail, Employment, & Entertainment - Gated Courtyard & On-Site Laundry Facility (Building Owned) For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #justlisted #forsale #investmentopportunity #CommercialRealEstate #apartments #multifamilyinvestments #SantaAna #southerncalifornia #CaliforniaRealEstate #realestateinvestors #1031exchange
Join us at the 12th annual Marcus & Millichap / IP Join us at the 12th annual Marcus & Millichap / IPA Multifamily Forum: Southern California in Los Angeles to be held at the Hilton LAX on June 8. Already speaking at the event are top executives from firms active in market rate apartments and affordable housing across Southern California including: Alliant Strategic Development, American Realty Advisors, Argosy Real Estate, Avanath Capital Management, Bridge Housing, Canfield Development, CGI+, Coastline Real Estate Advisors. Eden Housing. Fairfield Residential. Greystar. Meta Housing Corporation. Pacific Urban Investors. Phoenix Realty Group. Related California. Schon Tepler. SDS Capital Group. Silvergate Development and SoLa Impact. Join hundreds of multifamily owners, investors and developers on June 8 in Los Angeles at the Southern California Multifamily Forum for a day of in-person learning, idea sharing, deal making and networking. REGISTRATION LINK IN BIO
JUST LISTED Desirable 6 Units in Costa Mesa | 4% C JUST LISTED Desirable 6 Units in Costa Mesa | 4% CAP Rate & Next to Golf Course | ADU Opportunity 6 Units | Costa Mesa, CA $3,295,000 | 4.04% CAP Rate INVESTMENT HIGHLIGHTS: - Desirable Costa Mesa Location / Minutes to Downtown Costa Mesa - Recent Extensive Renovations & Upgrades of Interiors and Exterior - Excellent Unit Mix Consisting of One, Two, and Three-Bedroom Units - Ample On-Site Covered Parking & Storage Area - Large Front Yards, Private Patios/Balconies, & On-Site Laundry Room - Low Expense Building - Opportunity to Add ADU’s to Property to Further Maximize Cash Flow - Walking Distance to Downtown Costa Mesa, Restaurants, Retail, Schools, and Employment For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #justlisted #forsale #investmentopportunity #commercialrealestate #apartments #multifamilyinvestments #costamesa #southerncalifornia #californiarealestate #realestateinvestor #1031exchange #aduopportunity
JUST LISTED 9 Units in Long Beach | 1987 Construct JUST LISTED 9 Units in Long Beach | 1987 Construction 9 Units | Long Beach, CA $3,350,000 | 5.04% CAP Rate INVESTMENT HIGHLIGHTS: • Attractive Unit Mix Consisting of (8) Two-Bedroom/ Two-Bath Units and (1) One-Bedroom/ One-Bath Unit • Highly Desirable 1987 Construction • Gated Access with Call Box, Private Balconies, & On-Site Laundry • 5% CAP Rate on Current Rents / 6.5% CAP Rate on Market Rents • Ample On-Site Gated Parking (13 Spaces) • Recent Renovations & Upgrades • Separately Metered for Gas & Electric • 100% Occupied and All Tenants Current on Rent • Easy Access to Freeways and Close to Schools, Retail, Employment, & Entertainment For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #justlisted #forsale #investmentopportunity #commercialrealestate #apartments #multifamilyinvestments #longbeach #LongBeachApartments #southerncalifornia #californiarealestate #realestateinvestor #1031exchange
Join us on Monday, February 6, 2023 via webcast fo Join us on Monday, February 6, 2023 via webcast for our Annual Economic & CRE Outlook! Some topics that will be covered include: - Jobs - Impact of Interest Rates on Property Valuations - Real Estate Supply/Demand Email Greg.Bassirpou@MarcusMillichap.com for the registration link. #cre #commercialrealestate #creoutlook #EconomicOutlook #multifamilyinvestments #apartments #californiarealestate #realestateinvestor #1031Exchange
Season's Greetings from The Bassirpou Group! Wish Season's Greetings from The Bassirpou Group! Wishing you and your families a New Year filled with health, joy, and prosperity. #happyholidays #seasonsgreetings #holidaygreetings #health #joy #prosperity
JUST LISTED 4 Units in La Habra | 40% Upside in Re JUST LISTED 4 Units in La Habra | 40% Upside in Rents | All Single Story Two Bedroom Units 4 Units | La Habra, CA $1,325,000 | 5.08% Market CAP Rate INVESTMENT HIGHLIGHTS: - 100% Single-Story Two-Bedroom/ One-Bathroom Units - 40% Upside in Rents - New Roof, Windows, Garage Doors, Electrical, & Fences - Washer & Dryer Hookups, Enclosed Garages, & Large Side Yard - Close to Retail, Entertainment, Schools, & Employment - Low Expense Building - Individual Water Heaters & Individually Metered for Gas and Electric - Excellent Financing Available - Huge 21,600 Square Foot Lot with ADU Potential For more info, please call (714) 608-3255 or email greg.bassirpou@marcusmillichap.com #JustListed #forsale #investmentopportunity #commercialrealestate #apartments #multifamilyinvestments #lahabra #southerncalifornia #californiarealestate #realestateinvestor #1031exchange #fourplex
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The Bassirpou Group

19800 MacArthur Blvd, Suite 150
Irvine, CA 92612

949-419-3234

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