Investors, Look at San Fernando Valley for 2018

Michael Koshet

The San Fernando Valley is poised to be L.A.’s hottest multifamily investment market in the next year. According to Michael Koshet, off-market multifamily specialist at KW Commercial, there are more opportunities popping up in the market and buyers can find better yields on value-add deals. Koshet expects the market the see increasing investor demand next year as well as increasing demand from renters, 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 at multifamily for sale on the market, there are a lot of dots popping up. 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 by Thousand Oaks to Porter Ranch to Encino. He calls it a “grid” bordered by the 119 to Topanga to the 405 to the 101.