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Job Increase Rises Apartment Rents in San Diego
As the job market looks up in San Diego, multifamily rents are also on the rise. In April, they were up 20 percent in April year over year, hitting an average of $1,514 a month, according to the San Diego County Apartment Association.
Other surveys have them even higher, at up to $1,756 per month. Part of the reason is that builders haven’t kept up with the demand of the population.
Employers in San Diego County added 41,000 jobs in the last year. Some people are even paying 2,000 per month for studio apartments.
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15865 Vanowen St
Van Nuys, CACalifornia & West + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Call for offers Price: $2,150,000 No. of Units: 16 Year Built: 1976 Lot Size: 9460 Acres Opportunity Zone: No Price per unit: $134,375 1443 N Fuller Ave
Los Angeles, CACalifornia & West + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $30,000,000 No. of Units: 82 Cap Rate: 4.94 GRM/GIM: 11.42 Year Built: 1987 Building Size: 84510 Sq ft Opportunity Zone: No Price per unit: $365,853
