Why SoCal Apartment Prices Haven’t Fallen During the Pandemic

Southern California apartment investors have not seen a pandemic discount. Investor Advanced Real Estate has been an active buyer in the market this year, and while some sellers have made adjustments for declines in rent collections, low interest rates have kept prices stable.

“Throughout the pandemic, there remained consistent competition and barely a change in pricing,” Paul Julian, principal at Advanced Real Estate Services, tells GlobeSt.com. “You received a small discount for COVID collection losses but nothing significant like we saw in past recessions. The combination of strong rent collections in the suburban markets, and record low financing rates, kept capital chasing So Cal apartments.”