Complimentary Evaluation
Online estimates don't work for apartment buildings — value lives in the rent roll, the expenses, and what comparable buildings actually closed for. We underwrite your property the way a buyer would, and give you a number that holds up.
We analyze your current rents against market, normalize expenses, and apply cap rates and GRMs from real closed sales in your Westside submarket — West Hollywood prices differently than Mid-Wilshire, and Brentwood differently again. Those comps include our own 1.3B+ of closed transactions, so the numbers come from deals we ran, not a database average. You see the math, not just the number.
A written evaluation with a defensible price range, the comps behind it, and the honest upside story: what a buyer would pay today, and what would move the number. No cost, no obligation, and no pressure to list.
Tell us the property and where to send it — a written evaluation with comps, typically within 2–3 business days.
It comes down to your net operating income, the cap rates and GRMs comparable buildings actually closed at in your submarket, your rent roll (in-place rents vs. market), rent control status, tenant mix, and condition. There's no algorithm for LA multifamily — we underwrite your building the way a buyer would and show you the math.
A broker opinion of value reflects what buyers are actually paying today, built from live comps, current escrows, and buyer demand. An appraisal is a standardized, lender-oriented document that costs money and often lags the market. For deciding whether and when to sell, the broker opinion is the number that matters.
Rent control doesn't stop buildings from selling — rent-controlled properties trade on the Westside every week. It changes the math: in-place rents versus market rents determine the upside a buyer can realistically capture, and we quantify that as a specific pricing impact rather than a vague discount.
Yes. West Hollywood is its own city with its own rent stabilization ordinance, its own annual allowable increase, and its own just-cause and relocation rules — separate from the City of LA RSO, with a different vintage cutoff. Buyers underwrite WeHo buildings on WeHo rules, and WeHo sales sit outside the City of LA's ULA transfer tax. We have been the #1 investment team in West Hollywood by transactions for seven years, so your evaluation is built from WeHo comps under the right ordinance rather than city-wide averages.
The City of LA's ULA transfer tax applies above roughly $5M (with a higher tier above roughly $10M; thresholds adjust annually), and it is not deferred by a 1031 exchange. Our evaluation models your net proceeds with ULA included, and where structure or timing can help, we flag it for you and your tax advisor.
Yes — buyers price in retrofit obligations, deferred capital work, and unpermitted space, so we do too. Sometimes fixing before selling pays; often it doesn't, because value-add buyers will pay for the upside anyway. The evaluation tells you which side of that line your building is on.
The address, a current rent roll, and rough annual expenses if you have them. We can start from just the address — LA rent and sales data fills most gaps.
Typically 2–3 business days for a written evaluation with comps.
Yes. Multi-property owners, family partnerships, trusts, and estates use our evaluations for planning, buyouts, and step-up-in-basis questions — alongside their CPA and attorney.
Confidential, complimentary, and no-obligation. We never contact your tenants, and most evaluations we prepare don't become listings that year — they become owners who know their number and call us when the time is right.
