California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
S.F. Millennials Likely Renting Instead of Buying for Quite Some Time
It looks like multifamily apartment owners in the San Francisco area don’t have to worry about losing tenants to the housing market any time soon. The average Bay Area college grad will need to save on average 29 years to be able to afford the 20 percent downpayment for the average home in the region, according to a Trulia report.
That’s how things stand now. The future is expected to be more difficult for buyers if the current housing-price trend continues. And the data also showed that Millennials without a college degree have virtually no chance of affording to purchase a home.
- ◦Lease
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
Bridgewood Apartments
Santa Rosa, CACalifornia & West + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Call for offers Price: $3,850,000 No. of Units: 14 Cap Rate: 5.75 GRM/GIM: 11.34 Year Built: 1968 Building Size: 11000 Sq ft Lot Size: .46 Acres No. of Stories: 2 No. of Parking Spots: 20 Opportunity Zone: No Price per unit: $275,000 3111 W Ramona
Alhambra, CACalifornia & West + Apartment Buildings
Learn MoreListing Status: Available Price: $3,700,000 No. of Units: 13 Cap Rate: 4.51 GRM/GIM: 12.89 Average Occupancy: 97 Year Built: 1954 Building Size: 11778 Sq ft Lot Size: 11253 Acres No. of Stories: 2 APN: 5352-013-007 Zoning Code: ALRPD No. of Parking Spots: 11 Opportunity Zone: No Buy Side Fee: $3 Price per unit: $284,615
