LA County multifamily sales climb 44% YoY to $3.3B

Multifamily sales across Los Angeles County are on the rise as investors increasingly gain confidence in the local market.  Sales volume for multifamily properties with 50 or more units reached $3.3 billion so far this year, up 44 percent from the same nine-month period last year, Commercial Observer reported, citing new data from Colliers. The average sale price, however, declined to $357,085 per unit.  Occupancy across the county has been holding relatively stable while on a slow-but-steady decline. Apartment occupancy was 94.1 percent in the third quarter, remaining the same as the second quarter and down a hair from 94.4 […]

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