Apartment appraisals are one of the core property types appraised here at Los Angeles Valuation Group. Our president, J. Gregory Wasik, has 25 years experience valuing multi-family properties in the Los Angeles area and beyond. In his appraisal career Mr. Wasik appraised the majority of the properties owned by G. H. Palmer Associates and Elkor Realty (later The Kor Group) prior to launching his own firm. In addition Mr. Wasik was employed by Washington Mutual as an apartment appraiser valuing solely multi-family properties in greater LA. Therefor it is clear our firm has the qualifications and experience to value multi-tenant apartments from 5 to 500 units and apartment types ranging from low-rise and garden-style complexes to high-rise properties in urban areas.
Challenges in valuing apartment buildings include:
– Proper cap rate selection and analysis
– Contract rent versus market rent analysis
– Non-permitted units and how to properly account for them
– Deferred maintenance issues
– Renovation with the intention of resale
If you would like more information or to order an apartment appraisal in Los Angeles, Southern California or elsewhere, please fill out the form below and we will be in touch: