The San Fernando Valley is poised to be L.A.'s hottestmultifamily investment market in the next year. According toMichael Koshet, off-market multifamily specialistat KW Commercial, there are more opportunitiespopping up in the market and buyers can find better yields onvalue-add deals. Koshet expects the market the see increasinginvestor demand next year as well as increasing demand fromrenters, who are finding betters values in the market.
“I love the San Fernando Valley as the top market in L.A.,”Koshet tells GlobeSt.com. “If you go to Co-Star and look atmultifamily for sale on the market, there are a lot of dots poppingup. In that square, there are rarely deals over 30 or 50 units.That is where there is going to be a lot of growth, in my opinion,in L.A.” Koshet is seeing the most activity in the square formed byThousand Oaks to Porter Ranch to Encino. He calls it a “grid”bordered by the 119 to Topanga to the 405 to the 101.
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