Jim Gilb

A man is always happiest when he is in pursuit of a dollar with a reasonable chance of overtaking it. -Author Unknown

Thursday 8PM - Phone rings... Broker: "Hi, I'm calling about your 3-unit in Westwood. My Client would like to see it tomorrow at 9AM? Can you show it then? Is it under Rent Control? Is it vacant and if not, can the owners deliver it vacant at close of escrow?" #ReTwit

@MikeBales Indians scattered on dawn's highway bleeding, ghosts crowd a young child's fragile eggshell mind...

Hello darkness, my old friend…

Just Sold Duplex - Mid City Area 1945-47 S. Bronson Ave, Los Angeles, CA 90018 CLAW MLS # 26663645 37 Days from Listing date to COE. Buyers Broker was a real pro: Ryan Judd of the Tracy Do team at Coldwell Banker @tracydorealtor @Lee_ISG_ #Multifamily #LosAngeles #MidCity #Apartments #RealEstate

@foomper @la_dorkout I must admit I haven't thought of a "Pop Top" in quite a while. But I am one of the few on this platform that even know what they were! Thanks for the memories!!

@la_dorkout When it's Malibu, even the unremarkable looks pretty good. Hell, the picture quality is low enough where you can't even see all the pop tops and cigarette butts. (heehee)

UNREMARKABLE POSTCARD SERIES, No. 189. Malibu, Calif. 1960s.

@la_dorkout You must mean: REMARKABLE postcard Series No. 189 Malibu, Cailf. 1960s.

Earth rise!

@IkeEkeh Thanks for this message, Ike. Transactions are happening, just not in the volume we are accustomed to seeing.

76 sales. $240M in volume county wide San Diego mid-sized apartments are still trading The market isn’t 2021, but assets priced correctly have high demand. Buyers are out there, just more selective Q1 2026 SD multifamily recap 🧵

@intilektual Math still sort of applies. But you have it right.

@thejfgapts I own MF property in LA, but I don’t know why I don’t get the apples vs. oranges you’re referring to. Can you help me understand?

Just Reduced: Triplex in Westwood 10745-47 Ohio Avenue, Los Angeles, CA 90024 One unit vacant for a potential O/U. #LosAngeles #Apartments #Multifamily #RealEstate #ReTwit #Triplex

@intilektual Well, sort of, yes... they are apples and oranges.

@thejfgapts You mean that one of the 2bd / 1.25 ba units is vacant, and that’s appropriate for an owner/user, and increases the property value, right?

@intilektual Also, it’s a little different in that there is an owner/user component to this kind of property.

@thejfgapts Best of luck, Jim. I don’t know who’s buying 3.5 caps, even in A locations, but I also believe they’re out there. It’s just a matter of patience. The RE adage that “if it’s not selling, it’s the price” never felt 100% true to me either.

@intilektual You are correct sir. It only takes one!

@thejfgapts Great location. But been on the market for 6 months and reduced to about a 20 GRM and 3.5 cap. What’s your take…this gonna sell for 2mm? Only needs one buyer, right?

@tuviagroup This pretty much sums in up very succinctly. The market for RSO properties continues to decline. It is what is, not what it was!

After 16+ years selling multifamily in LA, this is one of the biggest shifts I’ve seen in this current market: Sales comps are becoming less relevant. In a market with elevated inventory especially for RSO deals pricing off a comp from 3–6 months ago is often inaccurate. That market no longer exists. Buyers aren’t underwriting to past sales. They’re underwriting to today’s competition. “What else can I buy right now?” is the only question that matters. The new comp is active inventory. Sellers still anchored to old comps are missing the market which is why we’re seeing more price reductions, longer days on market, and a widening gap between expectations and reality.

My thoughts: The apartment building market in Los Angeles: Uncertainty rules the day. The market has made adjustments to municipal, county and state regulatory pressure. Higher expenses led by insurance and utilities are decreasing returns and broadly lowering values (as are the new rental increase policies instituted by the Los Angeles City Council). I believe we are currently in a declining market. Many individuals are struggling to make ends meet and rents are finally being affected. This continues to decrease future returns and contibutes greatly to value declines we have seen in recent years. The question is: when will equailibrium return to the divide between Buyer's return expectations and Seller's price goals? Transaction volume will depend on this! #LosAngeles #Multifamily #Apartments #RealEstate #ReTwit

Just Listed Duplex, Mid-City, Los Angeles CLAW MLS# 26663645 One Unit Available for an Owner/User #Multifamily #Apartments #RealEstate #LosAngeles #MidCity #ReTwit

40 years = 4 Decades 480 Months 2,080 Weeks 14,610 Days 350,640 Hours 21,038,400 Minutes 1,262,304,000 Seconds

Just Sold: 10-units 1721 Scott Road, Burbank, CA 91504 SFR front & 9-units rear (1960's construction) #Burbank #Apartments #Multifamily #RealEstate #ReTwit